Executive - Sourcing and Procurement

About the organization:

Maison D Auraine is a conglomerate with a collection of revolutionary and premium brands in the hair, beauty, and personal care industry. The company started in 2014 by acquiring the rights to GKHair, the world's largest keratin-based hair care brand, known for its patented ingredient Juvexin and used in 80 countries worldwide. Maison D Auraine has established itself as an industry leader with its detailed logistics, automated business practices, round-the-clock service support, innovative marketing strategies, and in-depth research.

The company aims to provide world-class education and services in collaboration with global trendsetters and artists, nurturing experts in hair and skincare. The organization over the last 10 years has set up its state-of-the-art manufacturing facility, in-house strong R&D, a tech arm in Bangalore, and has signed contracts with the top 10 global brands to distribute, market, and sell their brands across India & parts of Asia. We are now poised to introduce our homegrown brands to the Indian and global markets and be one of the most dominant players in the global beauty industry with unmatched in-house infrastructure.

The Executive - Sourcing and Procurement will be responsible for sourcing materials, products, and services in alignment with company standards. This role involves negotiating with suppliers, managing purchase orders, ensuring cost-efficiency, and maintaining supply chain sustainability.

Roles and Responsibilities:

Supplier Identification & Selection:

• Research and identify potential suppliers.
• Evaluate supplier capabilities, quality, and reliability to meet product specifications.
• Build and maintain strong relationships with suppliers to ensure long-term partnerships.

Procurement Process Management:

• Prepare and issue purchase orders (POs) based on approved requisitions.
• Ensure timely delivery of materials and resolve any discrepancies related to delivery, quality, or price.
• Track and maintain inventory levels to ensure timely reordering.

Negotiation & Contract Management:

• Negotiate prices, terms, and contracts with suppliers to ensure optimal costs and quality.
• Manage supplier agreements and contracts, ensuring compliance with company policies and objectives.

Cost Control & Budgeting:

• Assist in developing procurement strategies that are aligned with the company's cost-saving goals.
• Monitor market trends to forecast pricing and mitigate cost escalations.

Vendor & Relationship Management:

• Manage vendor performance to ensure timely delivery, product quality, and compliance with contract terms.
• Conduct regular supplier audits and performance evaluations to maintain supplier integrity.

Cross-functional Collaboration:

• Work closely with product development, marketing, R&D, and other departments to understand material requirements.
• Coordinate with the logistics team to ensure smooth supply chain operations.

Compliance & Documentation:

• Maintain accurate procurement records, including purchase orders, contracts, and supplier information.
• Ensure all procurement activities adhere to legal and regulatory requirements.
• Stay updated with import/export regulations, customs duties, and tax implications if applicable.

Primary/ Must have skills:

• Education: Bachelor's degree in Supply Chain Management, Business Administration, or related field.
• Experience: 2-5 years of experience in procurement or supply chain roles, preferably within [specific industry].

Skills:

• Strong negotiation and communication skills.
• Knowledge of procurement software and ERP systems.
• Analytical and problem-solving abilities.
• Ability to work under pressure and meet deadlines.
• Knowledge of market trends, pricing, and supply chain principles.

Preferred:

• Experience in the beauty, cosmetics, manufacturing, etc.