Vice President of Procurement

2 weeks ago

Saskatoon, Canada Bioriginal Full time

Join Bioriginal, a global leader in nutritional innovation with over 30 years of expertise and recent expansion through multiple acquisitions within the last two years. We blend scientifically sourced ingredients to create unique solutions, driving trends in the Food and Nutraceutical sectors since 1993.


Headquartered in Saskatoon, Canada, with facilities across the USA, Europe, and Asia, Bioriginal offers customized solutions that empower our clients to succeed in a competitive market. We're committed to nurturing talent and providing growth opportunities in a dynamic environment where innovation shapes the future of nutritional health.


Position Summary:


The Vice President of Procurement leads the procurement function globally within the Bioriginal group of companies, with a focus on developing and implementing sourcing and procurement strategies, optimizing procurement processes and cost reduction, while ensuring quality and product availability to meet demand. The role provides a great opportunity for an experienced procurement leader, to develop and grow the procurement function within a growing, global business. This role would be part of the executive leadership team within the organization.


Responsibilities & Expectations:


Leadership/Strategy


  • Develops and implements procurement strategies that optimize quality, lead times, cost savings, inventory levels and efficiencies.
  • Oversees the Request for Quotation (RFQ) process.
  • Leads a global procurement and inventory management team, focused on minimizing inventories, while ensuring procured products meet or exceed pricing, quality and lead time requirements.
  • Provides coaching, guidance and mentorship to staff.
  • Establishes and holds staff accountable to departmental Key Performance Indicators (KPI’s). Develops and manages the procurement and inventory budgets.
  • Identifies and develops strategies to mitigate risks related to purchase contracts.
  • Provides strong leadership to the procurement and inventory planning functions and works closely with the executive leadership team to support broader leadership activities.
  • Provides procurement leadership over all purchasing categories, including standard commodities, specialty commodities, grain & packaging components.
  • Understands market dynamics, best times to contract and take positions in products.


Supplier Relations


  • Leads negotiations on all purchase contracts, ensuring the best possible terms for Bioriginal (i.e. favorable pricing, quality and delivery terms).
  • Leads the vendor qualification process, to ensure all applicable terms and conditions meet Bioriginal’s expectations and requirements.
  • Oversees vendor compliance, ensuring that suppliers are meeting standards and specifications when fulfilling orders.
  • Responsible for supplier relationship management, including supplier delivery performance measurement.
  • Manages entire lifecycle of contracts, including drafting, negotiation and termination.
  • Ensures compliance with legal and regulatory requirements.
  • Monitors contract performance and enforces terms and conditions.


Stakeholder Relations


  • Working with key stakeholders, identifies cost-saving opportunities, streamlines processes and improves efficiencies within the procurement and inventory functions, to enable success for internal stakeholders.
  • Working with key stakeholders, evaluates supplier performance and addresses any issues or concerns as needed.
  • Oversees maintenance of supplier relationships and evaluations to include on-time delivery, quality and regulatory requirments.


Desired Qualifications:


  • Bachelor’s degree in Business, Supply Chain Management or related field. Previous education related to contract management is preferred. Master’s degree is an asset.
  • Minimum of 10 years of experience in supply chain, procurement and contract management, with progressively increasing levels of responsibility. Minimum of 3+ years working in a senior leadership role.
  • Strong knowledge of procurement best practices, contract law and supply chain management principles.
  • Excellent negotiation, communication and leadership skills. Ability to analyze data, identify trends and make strategic decisions.
  • Certification within procurement or supply chain management is an asset.


What do we offer?


  • Comprehensive Pension Plan
  • Extended health care
  • Dental care
  • Paid time off
  • Career growth opportunities
  • Work-life balance
  • On-site Parking

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