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- Develop and implement procurement strategies aligned with business and production objectives.
- Manage procurement budgets and drive annual cost-saving initiatives.
- Monitor market trends, conduct spend analysis, and identify cost optimization opportunities.
- Benchmark supplier pricing and negotiate the most competitive commercial terms.
- Procurement Operations
- Lead sourcing and procurement of Raw materials and Packaging materials
- Other operational materials and services as required.
Inventory Planning & Supply Continuity
- Collaborate with Demand Planning to align procurement with production forecasts.
- Maintain optimal inventory levels, including minimum, maximum, and safety stock.
- Ensure uninterrupted supply of critical materials and prevent production stoppages.
- Monitor inventory aging and minimize working capital while reducing supply risks.
- Supplier Development & Performance Management
- Build and maintain a competitive supplier network with multiple qualified suppliers for critical materials.
- Evaluate suppliers based on cost, quality, delivery, AQL compliance, capacity, service, and financial stability.
- Conduct supplier performance reviews and maintain the Approved Supplier List (ASL).
- Develop alternative sourcing strategies to reduce supply risks.
- Establish and maintain Acceptable Quality Limit (AQL) standards for all purchased materials.
- Partner with Quality Control to ensure consistent inspection and supplier accountability.
- Manage supplier corrective actions and claims related to quality defects, shortages, delays, and non-conforming materials.
- Maintain supplier quality scorecards and continuous improvement initiatives.
- Lead supplier negotiations covering pricing, payment terms, credit facilities, rebates, delivery schedules, quality guarantees, and contractual agreements.
- Ensure competitive bidding and transparent procurement processes for all major purchases.
- Manage procurement-related regulatory approvals, import licensing, customs clearance support, FDA coordination, and government compliance activities.
- Ensure compliance with company procurement policies, approval authorities, and audit requirements.
- Promote transparency, ethical procurement practices, and effective risk management.