Product Expert - Sourcing - Bakery/Dairy Segment

Position Name - Product Expert - Dairy or Bakery

Location - Bangalore

Experience Range - 10 plus Years

Mandatory Requirement:

- Degree in business, supply chain management, or related field

- 6+ years of Experience in supplier evaluation, supplier management, and supplier development

- Carry a ready vendor network to fast track product development & launches.

Job Roles and Responsibilities:

1. Product Sharpness :

- Carefully select, develop and launch a comprehensive portfolio of products under Food /Non Food in their own brands.

- Sharpen the overall product specifications and sourcing process to create an impact while capturing changing consumer preferences and consumption habits.

- Drive the growth of the portfolio through having the right assortment mix in place.

2. Vendor Selection & Management :

- Develop a network of processors and repackaging partners across the country to effectively source products at the most competitive prices for each market.

- Establish and maintain strong relationships with supplying partners to negotiate favourable terms for the organization on all sourcing & service aspects.

3. Sourcing Excellence :

- Drive open book / cost plus sourcing practice to improve buying efficiency leading to improved margin delivery

- Devise a strategic sourcing plan across categories while constantly evaluating the regionalisation of sourcing for better serviceability.

4. Strict Financial Control :

- Exercise strict inventory holding norms to efficiently manage working capital stress

- Negotiate higher credit period with vendors to achieve a negative working capital requirement

5. Fast Paced Growth :

- Develop a category wise launch and growth playbook in collaboration with the Brand & Merchandising team to drive fast paced portfolio share growth

- Work with the Brand marketing team to design and develop portfolio/product level campaigns and help execute them with precision

6. Maintain Competitive Edge :

- Track competitor activities to stay ahead in the game and maintain the edge

- Stay informed and updated on emerging consumer trends to facilitate better product design and development

- Identify opportunities to differentiate and innovate.

Qualification and Experience:

- Proficiency in contract negotiation and procurement

- Experience in the e-commerce or retail industry is preferred

- Knowledge of market trends and supplier performance metrics