Zydus Wellness - Lead - Raw Material Procurement

Lead - Raw Material Procurement , Zydus Wellness

Role Purpose : The individual will be responsible for the planning and execution of key initiatives related to procurement operations and sourcing strategy.

Desired Candidate Profile :

- Individual with professional experience of 10-12 years in Procurement of raw materials, chemicals, flavours & fragrances, agri commodities like Sugar, Milk & milk derivatives, corn derivatives preferably from FMCG industry

- Proven ability to deal with challenging timelines has excellent communication and number crunching skills combined with great analytical skills.

- Must possess hands on experience in managing internal & external stakeholders, day to day problem solving and a mind-set that thrives on driving 100% customer satisfaction despite day to day operational challenges.

- Will be responsible for obtaining and maintaining relationships with long term key customers by comprehending their requirements and driving new vendor identification & acquisition.

- Will play key role in leading function incubating new product development

Responsibilities :

- Inventory Analysis and Planning : Involved in Planning and budgeting of purchase functions. Develop and manage purchasing budgets and forecasts. Understanding of Working Capital, Inventory control parameters like Inventory days etc.

- Procurement Planning : Incumbent will be managing end to end supply chain planning from all Domestic & International - Vendors, suppliers & 3P manufacturers.

- Responsible for all overall forecast & projections cascading and material requirement planning (MRP) for all categories/SKUs along with 3P manufacturers. Will be required to oversee and supervise the entire coordination activity with cross functional departments, i.e. - manufacturing, Logistics, Warehousing to manage the entire inventory requirements.

- External third party operations

- Interfaces actively with Finance team to ensure that procurement practices meet all control and reporting objectives. Achieves an efficient procure-to-pay cycle cost.

- Oversee operations and daily activities of the purchasing department. Assigning responsibilities and overviewing the team performance. Builds, leads, manages and develops an effective procurement, NPD & 3P management teams. Sets and monitors goals, targets and objectives for a team of sourcing and procurement professionals with an aim toward elevating overall performance. Creates an effective culture with best in class procurement and strengthens the talent pipeline.

- Act as a key interface between internal departments and vendors.

- Develop and maintain strategic relationships with key suppliers and vendors. Manage supplier relationships as it relates to administrative and operational activities and issues, and optimizes the value in the vendor/business unit relationship. Developing an overall vendor base thereby creating and sustaining a competitive advantage, leveraging spend, and leveraging of technologies.

- Assessment of vendor performance data on various performance metrics for sustainable supply and cost improvement. Implementation of vendor assessment results for continuous evaluation of selected sources. Monitor supplier and vendor compliance with contractual agreements

- Measure and manage the vendor and supplier cost, quality and delivery performance

- Oversee supplier compliance with internal quality standards and external regulations

- To formulate & ensure implementation of effective & efficient Procurement Strategy for Purchase keeping in view all the aspects related to Food Service Industry.

- Direct continuous improvement of purchasing processes in line with changing organizational needs and market conditions.

- Skills & Requirements:

- Experience of managing Procurement preferably in the Food domain & from FMCG industries

- Excellent at managing vendor relationships across geographies. Should know the supplier industry well.

- Strong interpersonal skills and ability to work across departments

- Excellent communication skills, both written and verbal

- Analytical, logical thinker and problem solver, with the ability to find solutions by thinking out of the box

- Able to work effectively within defined deadlines

- Ability to generate and effectively implement plans/ideas

- Ability to relate to a wide range of people and manage teams in different regions

- Able to work independently and as part of a team

- Excellent understanding of MM & PP module of SAP and excellent at operating Microsoft Office.

Educational Qualification: MBA with Bachelor's degree in chemical / mechanical engineering.

Exposure: Functional Experience in procurement / sourcing for Food &FMCG industry is preferred.

Industry: FMCG / Foods & Beverage/Food Manufacturing/SCM