An FMCG (Fast-Moving Consumer Goods) Buyer is a procurement professional responsible for sourcing raw materials, finished goods, and services for consumer goods companies. Here's a comprehensive overview of their role and compensation:
Key Responsibilities
Develop and lead sourcing strategies for raw materials and finished goods
Analyze market trends, cost drivers, and industry best practices to shape effective procurement strategies
Work collaboratively with teams across R&D, Quality, Sourcing, and Marketing to create effective sourcing plans
Negotiate pricing and manage supplier relationships to maintain competitive advantage
Ensure product quality, timely deliveries, and compliance with safety and CSR regulations
Oversee supplier performance and contract compliance
Manage category risks, minimizing supply issues and currency fluctuations
Support business goals to improve productivity and cash flow
Conduct market analysis to stay informed about changes affecting availability or pricing
Identify, evaluate, and manage suppliers based on quality, reliability, cost, and terms
Optimize procurement costs while maintaining quality standards