Director of Strategic Sourcing – Contract Manufactuer position available at Jarrow Formulas. You will be responsible for the procurement process including purchasing strategies, negotiation, and management of suppliers for $25-35MM.
To create long term productivity, you will be responsible for working with the respective departments; Manufacturing, R&D, Lab to develop and lead the procurement process for tolling/contract manufacturing, packaging, Labels, and Lab supplies/equipment/outside testing.
As the Strategic Sourcing Leader, you have successfull management skills and the ability to handle multiple projects at a time, working closely with each of the customers to mutually define needs/requirements in order to drive the procurement process across the organization while maintaining compliance with corporate policies.
Job Responsibilities and Duties:
- Solid understanding of industry related to assigned categories, including costs, demand-supply drivers, and trends
- Establish a good and collaborative relationship with existing, new suppliers
- Forecast events through data analysis, foresee market changes and make recommendations to preempt changing conditions
- Negotiate with external vendors to secure advantageous terms
- Establish a network with internal customers, Procurement colleagues, Plant Engineers, Legal and Finance to develop and implement procurement strategies
- Review existing contracts to improve terms and prepare for renegotiations at end of term
- Negotiate advantageous contracts to secure supply and savings.
- Deliver productivity cost savings year over year on key categories
- Communicate and align category sourcing strategies with key business stakeholders
- Develop and execute strategic projects to achieve a sustainable competitive advantage
Qualifications:
- Bachelor’s Degree in Engineering, Supply Chain Management, Logistics, Business Management etc. MBA a plus.
- 7+ years’ experience in a sourcing or commercial role in related fields
- Knowledge around contract manufacturing, packaging
- Excellent contractual, analytical and negotiation skills. Knowledge of insurance, indemnification, patents, warranties, title etc.
- Strong commercial acumen to negotiate and manage contracts and spot purchases with suppliers.
- Capable of working with internal customers to define needs and potential suppliers that meet requirements.
- Capable of managing multiple projects at one time
- Highly motivated, results focused and act with a high sense of urgency
- Ability to interface and communicate clearly and effectively (both orally and in writing) across multiple levels of the organization, including senior executives.
- Demonstrated ability to work cross-functionally and cross-culturally with colleagues and suppliers. Strong conflict resolution skills.
- Create, guide, and execute procurement process across multiple departments