Director Managed Care Medical
2 weeks ago
Our client is a leader in the beauty retail industry.
The Director of Procurement is responsible for effectively managing our client’s overall inventory across all channels including the warehouse, brick-and-mortar stores, and e-commerce to drive the company's economic growth. The Procurement Director’s main goal is to develop procurement strategies & policies, implement effective procurement processes, maintain strong vendor relations, and negotiate good terms. The Director will analyze market trends, monitor inventory levels, and collaborate with various departments to align our procurement activities to ensure that we maximize the productivity and profitability of the company’s inventory.
This role is integral to the growth and the achievement of our client’s Vivid Vision, by optimizing the inventory management and merchandise sales for better gross margin return on investment and improved cash flow.
Procurement Strategy
Develop and implement a buying & sourcing strategy, considering market trends, consumer preferences, and company goals. Resulting in improvement of quality of active SKUs
Continuously seek opportunities to improve the current pricing strategies to increase the profitability of inventory
Inventory Management
Develop and implement effective & efficient inventory management processes to drive increases in inventory management KPIs including inventory turnover
Oversee the inventory of 10 brick-and-mortar stores with 1 warehouse/distribution center & e-commerce to achieve company sales targets
Allocate and distribute inventory effectively, ensuring right stock at right locations
Apply lean principles and identify areas where wastes can be reduced to improve the overall quality of the inventory
Vendor Management
Establish vendor management KPIs to measure and drive improvements to vendor’s deliverables & terms
Grow a team of 3 procurement professionals through clear structure and coaching with industry best practices
Trend Monitoring and Product Lifecycle Management
Regularly monitor vendor trends to assess any risks in supply chain and competitor landscape to make necessary adaptations
Collect regular feedback from retail, marketing & customers
Regularly assess and report the health of company’s inventory with strategic inventory data and KPIs
Work collaboratively with multiple departments and retail stores to ensure effective communication
Proactively engage with marketing and retail in driving increased profitability
Lead cross-functional teams on sourcing projects and contracting efforts
Collaborate with Retail Operations Manager to ensure effective visual merchandising plans are in place for the retail stores
Regularly visit locations to assess areas of improvement and control item selection strategies
Strong technical and analytical skills to draw insight out from large sets of data within the existing systems for making informed decisions
Strong negotiation skills and vendor management experience
Strong partnership with Marketing to drive sell-through
Demonstrated experience in optimizing effective procurement strategies to increase profitability and productivity for the organization
Minimum of 7 to 10 years procurement experience and 5+ years leading teams
Post-secondary education in Procurement, or a related field from a recognized institution preferred
Experience opening new markets and distribution channels is a bonus
We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the recruitment and selection process.
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