Sr. Manager Raw Material procurement

Key Responsibilities:Ingredient Sourcing and Supplier Management:Source raw materials and ingredients required for the formulation of personal care products. Identify, evaluate, and onboard new suppliers to ensure a diverse and cost-effective supply chain. Maintain and manage relationships with existing suppliers for timely procurement of quality ingredients.

Negotiate pricing, lead times, and contract terms with suppliers to achieve cost efficiency. Inventory Management:Monitor and track inventory levels of ingredients to ensure uninterrupted production. Collaborate with the production team to forecast ingredient requirements and avoid stockouts.

Maintain optimal inventory turnover ratios by ensuring timely restocking and managing shelf life. Quality Assurance and Compliance:Ensure that all procured ingredients comply with quality standards, safety regulations, and industry guidelines (e.g., GMP, FDA, ISO). Conduct supplier audits and monitor the quality control processes to ensure product safety and integrity.

Keep updated on changes in regulations related to raw materials for personal care products. Cost Control and Budget Management:Develop and manage procurement budgets, ensuring cost-effective sourcing without compromising quality. Monitor market trends to identify opportunities for cost-saving measures.

Analyze historical data to predict future ingredient needs and optimize purchase decisions. Product Development Support:Collaborate with the R&D and product development teams to source specific ingredients required for new formulations. Assist in testing and selecting alternative ingredients when needed, ensuring they meet the desired product standards.

Order Processing and Coordination:Place purchase orders based on production forecasts and ingredient requirements. Coordinate with suppliers for timely delivery, managing any potential delays or issues. Work closely with the logistics team to ensure smooth import/export processes, where applicable.

Documentation and Record Keeping:Maintain accurate records of all procurement transactions, including purchase orders, supplier contracts, and invoices. Track ingredient specifications, certifications, and batch release data for compliance purposes. Market Intelligence and Trend Analysis:Stay informed about global market trends for personal care ingredients, including new ingredient innovations and emerging suppliers.

Provide insights into new ingredient sourcing opportunities and advancements in sustainable sourcing. Qualifications and Skills:Education: Bachelor's degree in Supply Chain Management, Business Administration, Chemistry, or related field. Experience: 8 -14 years of experience in procurement or sourcing in the personal care or cosmetics industry.

Technical Skills:Strong understanding of ingredients used in personal care products. Familiarity with global ingredient regulations and quality standards. Knowledge of supply chain management, inventory systems, and procurement software.

Soft Skills:Strong negotiation, communication, and interpersonal skills. Analytical and problem-solving abilities. Ability to work under pressure and manage multiple priorities.

Desirable Skills:Experience in sustainable and ethical sourcing practices. Knowledge of cosmetic ingredient trends, including natural and organic alternatives. Work Environment:This role may require occasional travel to supplier facilities and trade shows.

Ability to work in a fast-paced environment, managing multiple tasks and deadlines. Key Performance Indicators (KPIs):On-time delivery of ingredients. Cost savings on raw material procurement.

Supplier performance (quality, compliance, lead time).