Strategic Sourcing and Planning:
- Develop and execute purchasing strategies aligned with company goals.
- Forecast market trends and raw material prices to identify cost-saving opportunities.
- Manage supplier relationships, fostering strong partnerships with reliable vendors.
- Source new vendors for raw materials, packaging, and other requirements.
- Analyze and mitigate risks associated with the supply chain.
Procurement and Cost Management:
- Oversee the entire purchasing process, from requisition to receipt and payment.
- Negotiate contracts with vendors to secure the best possible pricing and terms.
- Determine optimal order quantities and delivery schedules to minimize inventory costs.
- Track and report on key performance indicators (KPIs) related to purchasing efficiency.
Collaboration and Communication:
- Partner with stakeholders across departments (e.g., product development, production) to ensure clear product specifications are communicated to suppliers.
- Stay up-to-date on industry regulations and quality standards for cosmetic ingredients.
Additional Skills for Cosmetics Industry:
- Knowledge of cosmetic ingredients and packaging materials.
- Understanding of cosmetic manufacturing processes.
- Awareness of current cosmetic trends and consumer preferences.
Tools and Technologies:
- Proficiency in purchasing software and enterprise resource planning (ERP) systems.
- Strong analytical and problem-solving skills.
- Excellent communication and negotiation abilities.