Procurement Specialist

Job Description

Source raw materials and ingredients required for Paints, Admixtures, Construction Chemicals and Waterproofing Compounds. Identify, evaluate, and onboard new suppliers to ensure a diverse and cost-effective supply chain. Maintain and manage relationships with existing suppliers for timely procurement of quality ingredients. Negotiate pricing, lead times, and contract terms with suppliers to achieve cost efficiency. Knowledge of the right databases to explore and right companies to reach out to for sourcing new paints requirements. Inventory Management: Monitor and track inventory levels of ingredients to ensure uninterrupted production. Collaborate with the production team to forecast ingredient requirements and avoid stockouts. Maintain optimal inventory turnover ratios by ensuring timely restocking and managing shelf life. Assurance and Compliance: Ensure that all procured raw materials comply with quality standards, safety regulations, and industry guidelines (e.g., GMP, FDA, ISO). Conduct supplier audits and monitor the quality control processes to ensure product safety and integrity. Keep update on changes in regulations related to raw material. Cost Control and Budget Management: Develop and manage procurement budgets, ensuring cost-effective sourcing without compromising quality. Monitor market trends to identify opportunities for cost-saving measures. Analyze historical data to predict future raw material needs and optimize purchase decisions. Show more Show less