Qureos Mentor

IFC Ventures Pvt Ltd

Job Title: Sourcing Manager / Procurement Manager (Health Supplements, Cosmetics, Food &amp; Nutraceuticals)Location: Mumbai, Andheri EastExperience: 4&ndash;10 years (Health supplements/cosmetics/nutrition/personal care preferred)Employment Type: Full-TimeAbout the RoleWe&rsquo;re looking for a sharp and driven Sourcing/Procurement Manager to own the end-to-end vendor and supply chain process for our fast-growing health supplements, cosmetics, food &amp; nutraceuticals brand. From identifying the right manufacturers to negotiating contracts, ensuring compliance, and driving cost efficiency, you&rsquo;ll play a critical role in bringing new products to market and scaling our supply chain.This role is ideal for someone who has worked with third-party manufacturers, contract manufacturers, or private label partners and understands how to balance quality, cost, and speed.Key Responsibilities<ul><li>Vendor Identification &amp; Development: Research, identify, and onboard reliable vendors, raw material suppliers, packaging vendors, and contract manufacturers (domestic and international) across categories such as cosmetics, personal care, nutraceuticals, and FMCG. Conduct factory audits, background checks, and capability assessments.</li><li>Contract Manufacturing &amp; Private Label Management: Work with third-party manufacturers and private label partners to develop new products, ensuring compliance with formulations, packaging, quality standards, and regulatory norms. Build scalable vendor partnerships to support new launches and bulk production.</li><li>Procurement &amp; Negotiation: Lead end-to-end procurement, including RFPs, RFQs, and tender processes. Negotiate pricing, credit terms, lead times, and minimum order quantities (MOQs) to drive cost optimization while maintaining consistent supply and vendor loyalty.</li><li>Regulatory &amp; Quality Compliance: Ensure all vendors meet regulatory certifications and quality standards (FSSAI, GMP, ISO, FDA, Ayush, etc.). Liaise with internal QA/RA teams to manage documentation, product testing, and statutory compliance before marketplace listings.</li><li>Cross-functional Collaboration: Partner with New Product Development (NPD), R&amp;D, Quality, Operations, and Marketing teams to bring new SKUs from concept to commercialization. Align procurement timelines with product launch calendars and e-commerce go-live dates.</li><li>Supply Chain &amp; Inventory Alignment: Work with logistics and supply chain teams to ensure timely inbound delivery, warehousing, and outbound movement of raw materials, packaging, and finished goods. Minimize stockouts, excess inventory, and supply disruptions.</li><li>Vendor Relationship &amp; Performance Management: Maintain strong, long-term relationships with strategic vendors. Monitor vendor performance using KPIs (on-time delivery, cost competitiveness, quality, and compliance). Conduct quarterly business reviews and push for continuous improvement.</li><li>Cost Optimization &amp; Benchmarking: Continuously benchmark raw material and packaging costs across vendors. Identify alternate suppliers and innovative sourcing channels to reduce procurement costs without compromising quality or speed.</li><li>Risk Management &amp; Contingency Planning: Develop backup vendor options and alternate sourcing strategies to reduce dependency and mitigate risks of supply disruptions, price fluctuations, or regulatory changes.</li><li>Market Intelligence &amp; Innovation: Stay updated with market trends, raw material innovations, packaging trends, and supplier ecosystems. Share insights with NPD/Marketing to develop differentiated, consumer-first products.</li></ul>Requirements<ul><li>4&ndash;10 years of experience in sourcing/procurement/vendor management in FMCG, cosmetics, nutrition, personal care, or consumer goods industries.</li><li>Proven track record in negotiating with third-party manufacturers, private label suppliers, and raw material vendors.</li><li>Strong knowledge of procurement processes, supply chain operations, and vendor compliance.</li><li>Exposure to certifications/regulatory requirements (FSSAI, GMP, ISO, FDA, etc.) is a plus.</li><li>Strong commercial acumen, analytical mindset, and relationship management skills.</li><li>Ability to work cross-functionally with NPD, quality, operations, and e-commerce teams.</li></ul>Why Join Us?<ul><li>Opportunity to shape sourcing and procurement strategy for a high-growth health supplements, cosmetics, food &amp; nutraceuticals brand.</li><li>End-to-end ownership from vendor discovery to marketplace launch.</li><li>Exposure to innovative product categories, premium formulations, and global supply partners.</li><li>A fast-paced, entrepreneurial environment where your decisions directly impact business growth.</li></ul>Job Type: Full-timePay: &#8377;60,000.00 - &#8377;150,000.00 per monthWork Location: In person

Sourcing Manager/ Procurement Manager (Food, Supplements, Cosmetics)

Join IFC Ventures Pvt Ltd and explore 1   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

IFC Ventures Pvt Ltd

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Sourcing Manager/ Procurement Manager (Food, Supplements, Cosmetics)