Packaging Materials- Procurement Executive

Gurugram Full time **Company Profile**: **Know T.A.C.** The Ayurveda Co. (T.A.C) is a thriving, direct-to-consumer startup that translates the ancient wisdom of Ayurveda into the language of the young and dynamic India - the millennials and Gen Z. We offer a broad range of Ayurvedic beauty and wellness products, crafted especially to resonate with the lifestyle of today's youth. T.A.C has a robust omnichannel presence in India and caters to an international customer base too. **Click below to know more about us**: Shreedha Singh is now an angel investor on JIO Cinemas Indian Angels How D2C Brand the Ayurveda Co. Grew Its Customer Base 10X In Just 2 Years The Ayurveda Company: D2C brand T.A.C eyes profitability by Diwali’24; invests in R&D, warehousing, ET Retail "Husband-wife duo founders of Khadi Essentials share entrepreneurial mindset". "This Startup is Bringing Ayurveda to Millennials and Gen Z" "VC fund Sixth Sense Ventures leads Rs 100 crore Series A round in The Ayurveda Co" "Ayurveda firm TAC raises Rs 100 cr in funding for business expansion". "T.A.C Ropes In Kajal Aggarwal As Brand Ambassador". **Role**: Procurement Specialist **Location: Gurgaon** **Responsibilities**: **1.** **Strategic Sourcing and Supplier Management**: - Develop and implement a procurement strategy aligned with the company's goals and objectives. - Identify and evaluate potential suppliers, negotiate contracts, and establish favourable terms and conditions. - Maintain strong relationships with suppliers, ensuring quality, reliability, and cost-effectiveness. **2. Procurement Process and Systems**: - Establish and optimize procurement processes, including requisition, purchase order creation, and inventory management. - Implement and utilize procurement systems to streamline operations and improve efficiency. - Ensure compliance with relevant laws, regulations, and ethical standards in procurement practice. **3. Supplier Relationship Management**: - Collaborate with cross-functional teams to understand business requirements and establish procurement needs. - Work closely with suppliers to monitor performance, resolve issues, and implement continuous improvement initiatives. - Conduct supplier evaluations and audits to assess capabilities, quality, and adherence to sustainability standards. **4. Cost Management and Budgeting**: - Analyse market trends and conduct cost-benefit analysis to identify cost-saving opportunities. - Manage and control procurement budgets, ensuring optimal utilization and adherence to financial targets. - Implement strategies to reduce costs, improve efficiency, and drive overall procurement value. **5. Quality Assurance and Compliance**: - Establish and enforce quality assurance protocols to ensure products meet defined standards. - Collaborate with internal teams and suppliers to resolve quality-related issues and implement corrective actions. - Ensure compliance with relevant regulatory requirements, certifications, and industry standards. **6. Supply Chain Risk Management**: - Identify and assess potential risks in the supply chain, developing mitigation strategies and contingency plans. - Monitor market conditions and external factors that may impact the supply chain, taking proactive measures to minimize disruptions. - Collaborate with internal stakeholders to implement sustainable sourcing practices and reduce environmental impact. **7. Reporting and Analytics**: - Generate procurement reports and provide regular updates on key performance indicators (KPIs). - Analyze procurement data to identify trends, risks, and opportunities for process improvement. - Provide insights and recommendations to senior management for informed decision-making. **8. Sales Forecasting Segmentation**: - Validate sales forecasting segmentation and make suitable corrections. **9. Demand Forecasting**: - Create a base forecast based on statistical sales data and market intelligence. - Develop consensus forecast with sales & marketing team and upload it in the system. - Monitor key performance indicators such as fill rate, minimum order quantity (MOQ), and lead time to optimize inventory management and supply chain efficiency. - Stay informed about industry trends and best practices in procurement and supply chain management, and drive innovation in procurement processes and strategies. - Develop and maintain strong relationships with suppliers to ensure timely delivery of goods and services and to manage vendor performance. - Negotiate contracts and terms with suppliers to secure favourable pricing, credit terms, and service agreements. **Qualifications**: - Bachelor’s degree in supply chain management, Business Administration, or a related field. Additional certifications in procurement or supply chain management are a plus. - 2-8 Years of experience in procurement, preferably within the beauty, wellness or FMCG industry - In-depth knowledge of procurement principles, p