Vice President, Inventory Planning

3 months ago

Montreal, Canada Vention Inc Full time
h3>Vice President, Manufacturing and Procurement
  • Full-time

Vention is headquartered in Montreal, Canada, with offices in Berlin and Boston, and is used in over 3,000 factories on 5 continents. As one of Canada’s Most Admired Cultures and Great Place to Work, we are a performance-driven culture that cares deeply about happiness. p>

We innovate to inspire - we value innovation in products, user experiences, and business practices.

As part of Vention's Operations team, and reporting to our Chief Supply Chain Officer, you will empower and lead all manufacturing, inventory management, and procurement functions at Vention. You will be responsible for scaling manufacturing operations, optimizing inventory turns, improving service levels, conducting strategic negotiations, and reducing product unit costs. p>

ROLE AND RESPONSIBILITIES

Manufacturing operations

  • Develop and implement the global manufacturing strategy of Vention across the North America and EMEA distribution centers.
  • Scale production capacity of Vention’s portfolio of “productized-applications” by setting up structured assembly processes and cadences.
  • Improve assembly productivity of Vention automation and hardware components with intent to reduce unit cost.
  • Operate the client-assembly services, ensuring quality, margin, and lead-time targets.
  • Support EMEA operations by implementing local production capacity in sync with growth of revenue in the region.
  • Partake in Vention’s product development process, driving supply chain and manufacturing deliverables.
  • Work collaboratively with the Quality team to drive quality and continuous improvement initiatives across all assembly activities.
  • Drive selected manufacturing outsourcing activities in order to drive cost reductions.
  • Monitor and improve assembly activities and drive reduction in unit cost.

Procurement and strategic sourcing

  • Develop Vention supplier network, ensuring suppliers can scale their capacity and quality in sync with Vention’s growth strategy.
  • Lead strategic negotiation projects with key suppliers in order to drive unit cost reductions.
  • Monitor and improve supplier performance, including quality and lead-time.
  • Ramp-up new product introduction at suppliers, ensuring understanding of technical and quality requirements.
  • Maintain collaborative relationships with suppliers while effectively resolving performance/capability issues.
  • Optimize inventory levels for both working capital optimization and parts availability.
  • Build procedures for inventory management, ensuring right-sizing of initial inventory levels on new SKUs and subsequent purchases.
  • Support supplier audits, ensuring proper capacity planning and quality improvement in the context of rapid growth.
  • Drive master supply agreement contract negotiations across a portfolio of categories.
  • Work closely with a dedicated team of software developers, improving inventory planning software and underlying algorithms.

Minimum Requirements:

  • Bachelor’s degree in mechanical or electrical engineering (or equivalent).
  • 10+ years of manufacturing experience in the context of medium/high-throughput assembly lines.
  • 5+ years of experience in sourcing, supplier management, and negotiations.
  • Skilled with at least one quality methodology (i.e., li>
  • Strong data analytic background with the ability to run complex analysis independently.
  • Strong communication skills and ease in presenting to employees as well as upper management.
  • Passion for optimizing assembly lines and supply chains.
  • Ability to work in a fast-paced (next day deliveries) and high-volume environment with energy and enthusiasm.
  • Experience with a global distribution network with multiple warehouses in Europe, North America, and Asia.

How We Take Care of You

  • Flexible paid time off and remote work policies.
  • Complimentary beverages and snacks.
  • Fun-filled social events curated based on diverse interests.
  • Time off to volunteer and give back to your community.

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