TAC
Company Profile:
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:
Shreedha Singh is now an angel investor on JIO Cinemas Indian Angels
How D2C Brand the Ayurveda Co. Grew Its Customer Base 10X In Just 2 Years
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" "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".
Role: Procurement Specialist
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 practice.
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.
8. Sales Forecasting Segmentation:
- Validate sales forecasting segmentation and make suitable corrections.
9. Demand Forecasting:
- Create a base forecast based on statistical sales data and market intelligence.
- Develop consensus forecast with sales & marketing team and upload it in the system.
- Monitor key performance indicators such as fill rate, minimum order quantity (MOQ), and lead time
to optimize inventory management and supply chain efficiency.
- Stay informed about industry trends and best practices in procurement and supply chain management,
and drive innovation in procurement processes and strategies.
- Develop and maintain strong relationships with suppliers to ensure timely delivery of goods and
services and to manage vendor performance.
- Negotiate contracts and terms with suppliers to secure favourable pricing, credit terms, and service
agreements.
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.
- 2-8 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
