Manager – Procurement

Job Description:
Manager – Procurement & Demand planning

As a procurement manager you will act as a strategic liaison between stakeholders who have purchasing needs and eager vendors looking to partner with the business. You will manage organizational spend, maximize the value of vendor partnerships and mitigate potential third-party risks.

As a Demand Planner you will be responsible for forecasting customer demand to ensure that a company can meet its sales goals while minimizing excess inventory. You will analyze historical sales data, market trends, and other relevant factors to create accurate demand forecasts that guide decision-making across various departments, including sales, marketing, and production.

Responsibilities

• Ensure adherence to the procurement policy; develop internal SOP's for processes and ensure its compliance. Ensure compliance with company policies and regulatory requirements
• Develop and implement procurement strategies for indirect goods and services.
• Research vendors to determine best options and make recommendations by evaluating total cost and quality of indirect materials and services; negotiate contracts and terms with suppliers to ensure favorable terms and conditions
• Manage relationships with key suppliers to ensure timely and cost-effective procurement. Analyze current spend and find areas to improve service, reduce costs, and streamline purchasing procedures.
• Monitor market trends and conditions to identify potential risks and opportunities.
• Collaborate with internal stakeholders like marketing, medical, finances, HR, facilities as well as M&S cross functional needs to understand their procurement needs and provide appropriate solutions.
• Develop implementation strategy, responsibility assignments, communication plans, and timelines. Ensure tactical execution of purchasing activities to meet routine business needs
• Drive the S&OP process with support of the team through effective sales forecast meetings. Collaborate with sales, marketing, and operations teams to gather insights and align on demand expectations and promotional activities
• Analyzes demand trends, forecasts and stakeholder input for assigned product groups using statistical forecasting models that consider trend and/or seasonality along with manual adjustments for significant or unique deviations from currently predicted amounts
• Serve as liaison between Sales leadership teams (Domestic & International) and downstream functions such as Purchasing and Manufacturing teams
• Develop demand forecasts at multiple levels (Geographical , Sales channel, Brand and Category) of aggregation for multiple time horizons (Sort-term and long-term) as part of a demand planning function. Create / maintain rapid response and Excel reports
• Supports other functions with demand planning analytical support (Ops, Finance, Sourcing, Logistics, FP&A)
• Lead monthly demand review meetings with key stakeholders to communicate forecast updates and gather feedback
• Monitor key performance indicators (KPIs) to assess the effectiveness of demand planning activities and make data-driven recommendations for improvement

Requirements

• University level and master in procurement
• 10+ years experience in purchasing/contracting management
• Ability to represent Ferring's interests to outside professionals and suppliers
• Analytical and negotiation skills
• Capacity to work in an international environment
• Decision making ability to purchase goods or services in alignment with the objectives of the supported entities
• Proven ability to manage vendor relationships and drive cost savings.
• Familiarity with procurement software and tools.
• Comprehensive understanding of purchasing processes and knowledge of best practices for sourcing, supplier management and procure-to-pay
• Team player and team work oriented
• Fluent in English

Location:
Ferring India M&S