Job Description

Key Responsibilities: Sourcing and Procurement: Identify, evaluate, and select reliable suppliers for a wide range of nutraceutical raw materials like vitamins, minerals, herbs, botanical extracts, amino acids, and other functional ingredients. Conduct market research to identify new suppliers, assess their quality standards, and negotiate competitive pricing. Issue purchase orders and manage the procurement process to ensure timely delivery of raw materials. Vendor Management: Develop and maintain strong relationships with key suppliers, including regular communication and performance evaluations. Negotiate contracts with suppliers, including pricing terms, delivery schedules, and quality standards. Monitor supplier performance against agreed-upon KPIs and address quality or delivery issues promptly. Quality Assurance: Ensure all procured raw materials meet stringent quality standards and regulatory compliance (GMP, FDA). Collaborate with the Quality Control team to review supplier quality documentation and conduct necessary testing. Implement quality control measures to prevent the receipt of non-compliant raw materials. Inventory Management: Forecast raw material demand based on production plans and maintain optimal inventory levels to avoid stockouts or overstocking. Monitor inventory levels and reorder points to ensure timely replenishment. Cost Optimization: Identify cost-saving opportunities through market analysis, supplier negotiations, and exploring alternative sourcing options. Analyze price trends and negotiate favorable pricing with suppliers.