Marico - Buying Manager - IIM/NITIE/SP Jain/IIT

About Us :

- Marico is one of Indias leading consumer products companies in the global beauty and wellness space.

- Marico makes a difference to the lives of 1 out of every 3 Indians, through its portfolio of brands in the categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care.

- Marico's sustainable growth story rests on an empowering work culture that encourages our members to take complete ownership and make a difference to the entire business ecosystem.

Position (Designation) : Buying Manager

Dept/Division : Procurement/ Operations

Grade : Manager

Location : Coimbatore

Key Deliverables of the Role :

- Price Forecasting & Market intelligence

- Tracking Supply Demand factors & prices for coconuts/copra/CNO and related commodities

- Fundamental and Technical Analysis for these commodities, to interpret insights enabling short and long term price forecasts

- Provide accurate price forecast for copra/CNO on 3 month rolling basis to provide guidance to business

- Market intelligence for enabling the above

- Strategic Category Management

- Preparation of category document for CNO buying capturing supply, demand, SWOT, technology interventions

- Devise and execute robust risk management plans for CNO buying

- Supplier Relationship Management

- Vendor evaluation, enrolment, development and performance management

- Effective communication with external stakeholders (vendors and non vendors) in value chain

- Devise & execute relationship strengthening program management (market visits etc)

- Ensuring compliance to contract terms and compliance

- Addressing vendor grievances and set up mechanism for redressal

- Service Delivery

- Long and short term planning for buying basis prices, availability and sales requirement

- Ensuring timely availability of CNO at Marico plants across the country

- CNO/Copra position building/shedding in co ordination with Manufacturing

- MIS

- Updates to top management on market, inventory costs, buying efficiencies

Cost Management:

- Identifying, implementing and reporting value generating ideas in the function

- Optimizing buying mix basis supply sources and tax implication basis landed cost model

- Compliance

- Develop and deploy policies/ DOA's to strengthen governance and risk in purchase to pay cycle, in

partnership with Commercial function

- Assuring quality of products at different stages in the value chain, in partnership with Quality function

Qualification & Experience :

- MBA from Premier Institute like IIM, NITIE, S P Jain, IIT etc

- Minimum 2 to 4 years prior experience

- Agri Buying understanding desirable

Critical Competencies :

- High level of business acumen & analytical skills

- Eagerness and agility in learning

- Customer centricity

- Influencing & Negotiation skills

Other Key Functional Interfaces : Buying Managers Copra, Manufacturing, Quality, Finance, External

vendors, Multiple stakeholders along the value chain

Growth Path & Future : Multi-domain exposure across Operations to gain holistic exposure