Job Description

Gurugram
Company Profile:


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:



Shreedha Singh is now an angel investor on JIO Cinemas Indian Angels



How D2C Brand the Ayurveda Co. Grew Its Customer Base 10X In Just 2 Years



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"



"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".


Role: Procurement Specialist


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 practice.


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.


8. Sales Forecasting Segmentation:


• Validate sales forecasting segmentation and make suitable corrections.


9. Demand Forecasting:


• Create a base forecast based on statistical sales data and market intelligence.


• Develop consensus forecast with sales & marketing team and upload it in the system.


• Monitor key performance indicators such as fill rate, minimum order quantity (MOQ), and lead time



to optimize inventory management and supply chain efficiency.


• Stay informed about industry trends and best practices in procurement and supply chain management,



and drive innovation in procurement processes and strategies.


• Develop and maintain strong relationships with suppliers to ensure timely delivery of goods and



services and to manage vendor performance.


• Negotiate contracts and terms with suppliers to secure favourable pricing, credit terms, and service



agreements.


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.


• 2-8 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