Sr. Procurement Manager (FMCG Trading Background)

**Company Profile** Sentinel Ventures is a dynamic holding company that manages a diverse portfolio of nine operating companies across multiple industries and geographies. With a commitment to excellence, innovation, and sustainable growth, Sentinel Ventures plays a pivotal role in overseeing and guiding its subsidiaries toward achieving their business objectives while fostering synergies across the group. **Job Profile** Lead procurement across group companies with full ownership of sourcing, supplier management, and cost performance. The role focuses on improving margins, ensuring reliable supply, and building a scalable procurement function. **Reporting to: Group Managing Director** **Key Responsibilities** **1. Strategic Procurement Management** * Develop and implement group wide procurement strategies aligned with business growth plans and market expansion. * Drive centralized procurement governance across all operating companies to ensure consistency and efficiency. * Identify cost saving opportunities and optimize procurement spend across regions. * Standardize procurement policies, processes, and internal controls across all entities. **2. Vendor Management & Sourcing** * Identify, evaluate, and onboard global suppliers for Food, Non - food and FMCG product categories. * Build and maintain long-term strategic partnerships with key vendors and manufacturers. * Develop vendor segmentation and manage accordingly. * Continuously evaluate supplier performance with reference to pricing, quality, service levels and compliance. * Ensure supplier compliance with contractual obligations, certifications, and ethical standards. **3. Global Supplier Negotiation & Commercial Excellence** · Lead commercial negotiations with suppliers to secure optimal pricing, margins, payment terms, and supply conditions. * Negotiate contracts, MOUs, rebates, volume discounts, and credit terms. * Drive margin improvement through strategic sourcing and consolidation. * Monitor global commodity trends, freight costs, and currency fluctuations to support negotiation strategies. **4. Category Expansion & New Product Development (NPD)** * Identify and introduce new products aligned with market trends and customer demand. * Coordinate with suppliers for product development, customization, and private labeling where required. * Conduct feasibility analysis including cost, margins, shelf life, and regulatory requirements. * Support product launches in coordination with Sales, Marketing, and Operations teams. **5. Demand Planning** * Align procurement planning with sales forecasts, demand planning, and inventory requirements. * Ensure optimal stock availability while minimizing excess inventory and working capital impact. * Monitor lead times, order cycles, and replenishment strategies. **6. Cost Control** · Monitor procurement budgets and ensure adherence · Analyze market trends, commodity pricing, and currency fluctuations · Drive cost optimization without compromising quality **7. Compliance & Quality Assurance** · Ensure procurement practices comply with local and international regulations · Maintain food safety and quality standards. Work closely with QA/QC teams to ensure product compliance. **8. Cross Functional Coordination** · Collaborate with Sales, Logistics, Finance, and Operations teams · Align procurement planning with demand forecasting and inventory management **9. Risk Management & Business Continuity** **Identify supply chain risks and develop mitigation strategies.** * Diversify supplier base to reduce dependency and ensure continuity. * Monitor global supply chain trends and proactively manage risks. **10. Team Leadership & Capability Building** * Lead and mentor procurement teams across multiple geographies. * Set KPIs, monitor team performance, and drive accountability. * Build procurement capabilities through training and process improvements. * Foster a culture of efficiency, collaboration, and continuous improvement. **Required Qualifications:** Bachelor’s/Master’s degree in relevant field 8–12+ years in global procurement of FMCG/food Knowledge of global sourcing and regulations Job Type: Permanent Work Location: In person