Company: Hangyo

Department: Procurement / Supply Chain

Location: Bengaluru (Corporate Office)

Reporting To: Head - Supply Chain

Direct Reports: Procurement Executives, Buyers, Vendor Coordinators

Role Purpose: Lead the procurement function by developing sourcing strategies, ensuring uninterrupted availability of raw materials, packaging materials, ingredients, capital items and services while optimizing cost, quality, delivery and supplier performance. Support Hangyo's growth through strategic sourcing, risk management and cross-functional collaboration.

Key Responsibilities:

- Develop procurement strategy aligned with business growth and manufacturing plans.

- Source raw materials, packaging materials, ingredients, indirect materials and capital equipment.

- Lead supplier identification, evaluation, onboarding and contract negotiations.

- Drive annual cost reduction and value engineering initiatives.

- Ensure timely procurement to support production without stock-outs.

- Build strong supplier relationships and monitor supplier performance through KPIs.

- Collaborate with Production, R&D, Quality, Finance and Planning team.

- Ensure compliance with procurement policies, contracts and statutory requirements.

- Manage procurement budgets, inventory optimization and risk mitigation.

- Lead continuous improvement and digital procurement initiatives.

Key Performance Indicators (KPIs):

- Material Availability >=99%

- Procurement Savings vs Budget

- On-Time Supplier Delivery >=95%

- Supplier Quality Acceptance >=99%

- Inventory Days within Target

- Contract Compliance 100%

- Working Capital Optimization

Educational Qualification:

- Bachelor's degree in Engineering, Commerce, Supply Chain or Business Administration.

- MBA / PGDM in Supply Chain, Operations or Procurement preferred.

Experience:

- 10 - 15 years in procurement or strategic sourcing.

- Minimum 4 - 5 years in a managerial role.

- Experience in Icecream, FMCG, Dairy, Food Processing, Frozen Foods or Manufacturing preferred.

Technical Skills:

- SAP

- Advanced Microsoft Excel

- Power BI

- Strategic Sourcing

- Vendor Management

- Spend Analysis

- Contract Management

Leadership Competencies:

- Strategic Sourcing

- Commercial Acumen

- Negotiation

- Analytical Thinking

- Decision Making

- Stakeholder Management

- Team Leadership

- Continuous Improvement

- Risk Management