The Incumbent will be responsible for:

1. Procurement Strategy Development

Develop and implement procurement strategies aligned with the company’s production needs and objectives.

Identify cost-saving opportunities without compromising quality.

Monitor market trends, pricing, and supply chain dynamics to make informed decisions.

2. Supplier Management

Identify, evaluate, and select reliable suppliers and vendors.

Negotiate contracts, pricing, and payment terms to achieve favorable outcomes.

Build and maintain strong relationships with suppliers to ensure consistent quality and delivery.

3. Inventory and Demand Planning

Collaborate with production and inventory teams to forecast raw material and ingredient needs.

Ensure optimal inventory levels to prevent stockouts or overstocking.

Monitor and manage inventory turnover to reduce waste and storage costs.

 

4. Quality Assurance and Compliance

Ensure all procured items meet food safety, quality, and regulatory standards (e.g., HACCP, FDA, ISO).

Conduct supplier audits and assessments to verify compliance with quality standards.

Address and resolve quality-related issues with suppliers promptly.

5. Cost and Budget Management

Monitor procurement budgets and track spending to ensure adherence

Monitor procurement budgets and track spending to ensure adherence to financial goals.

Analyze procurement costs and identify areas for cost optimization.

Prepare and present periodic reports on procurement performance and expenditures.

6. Risk Management

Identify potential risks in the supply chain, including price volatility, supplier reliability, and logistical challenges.

Develop contingency plans to mitigate supply chain disruptions.

Ensure supplier contracts include necessary clauses for risk protection.

7. Coordination and Communication

Collaborate with production, R&D, and quality assurance teams to align procurement with operational needs.

Communicate any supply chain delays or issues to relevant stakeholders promptly.

Support the introduction of new products by sourcing required raw materials or packaging.

 

8. Technology and Process Improvement

Utilize procurement and inventory management software to streamline operations.

Implement best practices and innovative solutions to improve procurement efficiency.

Track and report key procurement metrics to senior management.

 

Experience:

3+ years of experience in procurement, preferably in the food manufacturing or FMCG industry.