Procurement Executive

T.A.C - The Ayurveda Co.
Gurugram, HR Full Time
POSTED ON 8/25/2024 CLOSED ON 10/23/2024

Job Posting for Procurement Executive at T.A.C - The Ayurveda Co.

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 young generation. 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:

· 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.

4. Cost Management and Budgeting:

· Analyse market trends and conduct cost-benefit analysis to identify cost-saving opportunities.

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.


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.

· 2-3 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.


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