Job Description

Gurugram
Procurement
Full time
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.