Procurement Manager

Know T.A.C.
The Ayurveda Co. (T.A.C) is a thriving, direct-to-consumer startup that translates the ancient wisdom of Ayurveda into the language of the young and dynamic India - the millennials and Gen Z. We offer a broad range of Ayurvedic beauty and wellness products, crafted especially to resonate with the lifestyle of today's youth. T.A.C has a robust omnichannel presence in India and caters to an international customer base too.
Click below to know more about us:
The Ayurveda Company: D2C brand T.A.C eyes profitability by Diwali'24; invests in R&D, warehousing, ET Retail (indiatimes.com)
"Husband-wife duo founders of Khadi Essentials share entrepreneurial mindset".
"This Startup is Bringing Ayurveda to Millennials and Gen Z".
"T.A.C raises 100 cr In Series A round, eyes Rs 250 crore revenue by next fiscal end"
"VC fund Sixth Sense Ventures leads Rs 100 crore Series A round in The Ayurveda Co"
"Ayurveda firm TAC raises Rs 100 cr in funding for business expansion".
"T.A.C Ropes In Kajal Aggarwal As Brand Ambassador".
Location- Gurgaon
Responsibilities:
1. Strategic Sourcing and Supplier Management:
· Develop and implement a procurement strategy aligned with the company's goals and objectives.
· Identify and evaluate potential suppliers, negotiate contracts, and establish favourable terms and conditions.
· Maintain strong relationships with suppliers, ensuring quality, reliability, and cost-effectiveness.
2. Procurement Process and Systems:
· Establish and optimize procurement processes, including requisition, purchase order creation, and inventory management.
· Implement and utilize procurement systems to streamline operations and improve efficiency.
· Ensure compliance with relevant laws, regulations, and ethical standards in procurement practices.
3. Supplier Relationship Management:
· Collaborate with cross-functional teams to understand business requirements and establish procurement needs.
· Work closely with suppliers to monitor performance, resolve issues, and implement continuous improvement initiatives.
· Conduct supplier evaluations and audits to assess capabilities, quality, and adherence to sustainability standards.
4. Cost Management and Budgeting:
· Analyse market trends and conduct cost-benefit analysis to identify cost-saving opportunities.
· Manage and control procurement budgets, ensuring optimal utilization and adherence to financial targets.
· Implement strategies to reduce costs, improve efficiency, and drive overall procurement value.
5. Quality Assurance and Compliance:
· Establish and enforce quality assurance protocols to ensure products meet defined standards.
· Collaborate with internal teams and suppliers to resolve quality-related issues and implement corrective actions.
· Ensure compliance with relevant regulatory requirements, certifications, and industry standards.
6. Supply Chain Risk Management:
· Identify and assess potential risks in the supply chain, developing mitigation strategies and contingency plans.
· Monitor market conditions and external factors that may impact the supply chain, taking proactive measures to minimize disruptions.
· Collaborate with internal stakeholders to implement sustainable sourcing practices and reduce environmental impact.
7. Reporting and Analytics:
· Generate procurement reports and provide regular updates on key performance indicators (KPIs).
· Analyze procurement data to identify trends, risks, and opportunities for process improvement.
· Provide insights and recommendations to senior management for informed decision-making.
Qualifications:
· Bachelor's degree in supply chain management, Business Administration, or a related field. Additional certifications in procurement or supply chain management are a plus.
· 8-10 Years of experience in procurement, preferably within the beauty, wellness or FMCG industry
· In-depth knowledge of procurement principles, practices and market trends.
· Strong negotiation, contract management and supplier relationship management skills.
· Proficiency in procurement software and systems
· Excellent analytical and problem-solving abilities
· Demonstrated ability to work in a fast-paced, dynamic startup environment.
· Strong communication and interpersonal skills.
· Passion for sustainability and ethical sourcing practices.