Procurement Manager

1 day ago

Nagpur, Maharashtra, India e594c550-ae28-4f41-8c1d-10e3d31f7bcd Full time ₹ 12,00,000 - ₹ 18,00,000 per year

Job Title: Procurement Manager

Department: Supply Chain / Procurement

Location: Nagpur

Industry Preference: FMCG (preferred)


About Vicco Laboratories:

Vicco Laboratories is a legacy Indian brand, renowned for combining Ayurveda with modern science to deliver effective personal care solutions. As a fourth-generation family-run company, we are in an exciting phase of growth, innovation, and market expansion.

We are looking for a seasoned Procurement Manager to lead our sourcing and supply chain operations for raw materials and packaging materials, ensuring cost efficiency, quality, and timely availability to support our fast-paced production environment.


Key Responsibilities:

  1. Raw Material & Packaging Procurement

Source, evaluate, and onboard suppliers for raw materials and packaging materials aligned with product quality and regulatory standards.

Monitor inventory levels and forecast procurement needs based on production plans.

Develop alternate vendor sources to ensure supply continuity and cost optimization.

  1. Supply Chain Management

Manage end-to-end procurement and logistics to ensure timely delivery across plants and warehouses.

Coordinate with production, R&D, and quality assurance teams for material specifications and delivery schedules.

Implement inventory control systems to optimize working capital without compromising production timelines.

  1. Price Control & Cost Optimization

Benchmark input costs regularly and develop price control strategies to reduce procurement costs without compromising quality.

Track commodity price trends and negotiate long-term contracts to hedge cost volatility.

  1. Vendor Management & Negotiation

Build and manage strategic relationships with suppliers and service providers.

Lead commercial negotiations and finalization of contracts, ensuring favorable terms and compliance with company policies.

Monitor supplier performance through KPIs like OTIF (On Time In Full), quality consistency, and responsiveness.

  1. Compliance & Documentation

Ensure adherence to statutory and internal compliance norms (FSSAI, FDA, GST, etc.).

Maintain accurate procurement records, contracts, and material documentation for audit readiness.

Candidate Profile:

Experience: Minimum 10 years in procurement/supply chain; preferably in FMCG or personal care/consumer healthcare industry.

Qualification: Bachelor's degree in Supply Chain Management, Engineering, or a related field. MBA preferred.

Skills:

Strong negotiation and vendor management skills

Deep understanding of RM/PM used in Ayurvedic or FMCG products

Familiarity with ERP systems (e.g., SAP)

Analytical mindset with strong cost-control orientation

Excellent communication and cross-functional collaboration skills


Why Join Us?

At Vicco, you will work with a heritage brand that is actively modernizing. You will have the opportunity to create measurable impact in an entrepreneurial, innovation-led environment with high levels of ownership.

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