Procurement Executive

Key Responsibilities:

1. Procurement Strategy Development

• Develop and implement procurement strategies aligned with the company’s production needs and objectives.
• Identify cost-saving opportunities without compromising quality.
• Monitor market trends, pricing, and supply chain dynamics to make informed decisions.

2. Supplier Management

• Identify, evaluate, and select reliable suppliers and vendors.
• Negotiate contracts, pricing, and payment terms to achieve favorable outcomes.
• Build and maintain strong relationships with suppliers to ensure consistent quality and delivery.

3. Inventory and Demand Planning

• Collaborate with production and inventory teams to forecast raw material and ingredient needs.
• Ensure optimal inventory levels to prevent stockouts or overstocking.
• Monitor and manage inventory turnover to reduce waste and storage costs.

4. Quality Assurance and Compliance

• Ensure all procured items meet food safety, quality, and regulatory standards (e.g., HACCP, FDA, ISO).
• Conduct supplier audits and assessments to verify compliance with quality standards.
• Address and resolve quality-related issues with suppliers promptly.

5. Cost and Budget Management

• Monitor procurement budgets and track spending to ensure adherence to financial goals.
• Analyze procurement costs and identify areas for cost optimization.
• Prepare and present periodic reports on procurement performance and expenditures.

6. Risk Management

• Identify potential risks in the supply chain, including price volatility, supplier reliability, and logistical challenges.
• Develop contingency plans to mitigate supply chain disruptions.
• Ensure supplier contracts include necessary clauses for risk protection.

7. Coordination and Communication

• Collaborate with production, R&D, and quality assurance teams to align procurement with operational needs.
• Communicate any supply chain delays or issues to relevant stakeholders promptly.
• Support the introduction of new products by sourcing required raw materials or packaging.

8. Technology and Process Improvement

• Utilize procurement and inventory management software to streamline operations.
• Implement best practices and innovative solutions to improve procurement efficiency.
• Track and report key procurement metrics to senior management.

Experience:

• 2 to 3 years of experience in procurement, preferably from the restaurant background.
• Proven track record of managing supplier relationships and cost optimization.

Job Type: Full-time

Pay: ₹25,000.00 - ₹35,000.00 per month

Benefits:

• Health insurance
• Paid sick time
• Paid time off
• Provident Fund

Experience:

• total work: 5 years (Required)

Work Location: On the road