Procurement Executive Job in Bangalore at Lo! Foods

Lo! Foods

1 years
full time
INR 216000-300000 /year
17 August, 2025

About the Job

Key Responsibilities:

A. Strategic Sourcing & Vendor Management
1. Identify, evaluate, and develop a reliable vendor base for raw materials, packaging materials, and indirect supplies.
2. Negotiate long-term contracts to ensure competitive pricing and service levels.
3. Monitor supplier performance and drive improvements in quality, delivery, and cost.

B. Operational Procurement
1. Raise and manage Purchase Orders (POs) based on inventory and production schedules.
2. Collaborate with stores and production teams to ensure timely deliveries and stock accuracy.
3. Coordinate with QA/QC for material quality verification before acceptance.

C. Cost Optimization & Compliance
1. Drive cost reduction initiatives across procurement categories without compromising on quality.
2. Maintain strict adherence to food safety and procurement compliance protocols (FSSAI, ISO, etc.).
3. Manage procurement documentation, contracts, and reports in line with audit requirements.

D. Forecasting & Demand Planning
1. Work closely with planning and production teams to forecast raw material and packaging needs.
2. Ensure procurement aligns with demand cycles and promotional plans to avoid stockouts or excesses.

E. Risk & Inventory Management
1. Monitor market trends and risks related to commodity pricing and availability.
2. Ensure safety stock levels for high-risk items and maintain inventory accuracy.

Key Result Areas (KRAs):

1. On-time procurement rate (OTPR) aligned with production schedules.
2. Supplier performance and compliance scorecard.
3. Procurement cycle time and process adherence.

Number of Openings

1 openings

Perks of this Jobs

Informal dress code Free snacks

Skills

Vendor Management, Procurement, Sales, Marketing

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Procurement Executive Job in Bangalore at Lo! Foods

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