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Role Overview: The NPD Procurement Manager will be a critical member of the New Product Development (NPD) team, responsible for leading all procurement activities related to new product launches. This role involves collaborating closely with R&D, Marketing, and Supply Chain teams to ensure timely and cost-effective sourcing of raw materials, packaging, and components. The NPD Procurement Manager will drive strategic sourcing initiatives, negotiate contracts, and manage supplier relationships to support the successful introduction of innovative products to the market. This role directly impacts the company's ability to launch successful new products, maintain a competitive edge, and achieve revenue targets. Key Responsibilities: - Develop and execute procurement strategies for new product development projects, ensuring alignment with overall business objectives. - Identify and evaluate potential suppliers for raw materials, packaging, and components, considering quality, cost, and reliability. - Negotiate contracts and agreements with suppliers to secure favorable terms and conditions, including pricing, payment terms, and delivery schedules. - Collaborate with R&D and Engineering teams to identify and evaluate alternative materials and technologies to improve product performance and reduce costs. - Manage supplier relationships, including performance monitoring, issue resolution, and continuous improvement initiatives. - Conduct market research and analysis to identify trends and opportunities in the supply base. - Lead cross-functional teams to drive cost reduction and value engineering initiatives. - Ensure compliance with all relevant regulatory requirements and ethical sourcing practices. - Manage the RM/PM procurement process from concept to launch, ensuring adherence to timelines and budgets. Required Skillset: - Demonstrated ability to develop and execute procurement strategies for new product development. - Proven negotiation skills with the ability to secure favorable terms and conditions with suppliers. - Strong understanding of global procurement practices and supply chain management principles. - Ability to build and maintain effective relationships with suppliers and internal stakeholders. - Excellent analytical and problem-solving skills. - Effective communication and presentation skills. - Degree in Supply Chain Management, Engineering, or a related field. - 8-12 years of experience in procurement, with a focus on new product development.

Bangalore

New Product Development Procurement Manager 

Job Description for New Product Development Procurement Manager  in ABC Consultants in  Bangalore for (8-12) years of experience. Apply Now!

New Product Development Procurement Manager  | iimjobs.com