Note- Should have experience in FMCG Companies (Purchase/ Procurement/Supply chain)

Company : Reputed FMCG Company which is into Ready to cook Food items

About Company : Reputed FMCG Company which is into Ready to cook Food items

Position : GM Purchase/ Head Procurement

Reports to CEO/ COO

Work Location - Bangalore

Salary Range - 18-22 LPA (depends on candidates current CTC, its not a constraint for right candidate )

Job Profile :

- Commodities Strategies

- Creating procurement strategies.

- Ensuring the Procurement Strategies are in line with the Business Strategy

- Work in close coordination with production, quality assurance and finance teams to ensure smooth flow of materials.

- Evolve a network of direct farm and OEM purchases, forward buying, competitive biddings, long-term procurement contracts for Services, spares, fuel and packaging materials.

- Develop specifications, standardize purchase procedures and delivery/ acceptance procedures in line with best market standards.

- Ensuring good mix of current and forward buying to optimize working capital and space requirements.

- Market Intelligence & Forecasting

- Market Intelligence through formal & informal sources.

- Commission regular receipt of data/ news, analysis of availability, prices, crop trends, weather condition, trade and government forecasts and production estimates, government support prices, import/ export policies impacting company's raw materials availability and prices.

- Project and update future prices and availability trends over procurement cycles.

- Alerting on any impending risks of availability or prices and helping the business to be proactive.

- Trade Relations

- Creating an environment of mutual trust, reliability and growing together.

- Develop and maintains set of approved vendors.

- Agreeing and standardizing trade equitable terms.

- Legal

- Tracking government policies and rules on procurement and stocking norms of agri commodities and ensuring compliance all the time

- Enforcing contractual obligations and settlements in case of any defaults.

- Budgeting and Stock Profits

- Freezing the procurement budget and prices.

- Measuring every week company's procurement coast vis-vis replacement costs and ensuring there are no stock losses.

- Ensure that the supplier's bills are always cleared on time as per contracts.

Man Specifications :

The incumbent must have :

Prior experience of handling commodities purchases at a mid-management level in a professionally managed organization using commodities as principle raw materials or else if the incumbent has worked on commodity desk in a large and professional commodities trading/ broking firms. Ideally the person should have worked through a commodity cycle.

Added experience of handling factory manufactured goods like spares, fuel, services like housekeeping and warehouse sourcing and transportation will be beneficial.

Nazia

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