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Vice President, Procurement
2 weeks ago
**Job Summary**:
The Vice President of Procurement is an exciting opportunity to lead a team of professionals to optimize the company’s procurement processes. The Vice President of Procurement is responsible to ensure the efficient and cost-effectiveness of the purchasing process within the organization. This position directs the short-term and long-range strategic planning, operational management, and administrative direction of purchasing.
**Key Responsibilities & Task**:
- Develop and execute a long-term strategy to facilitate improvements for procurement service; update procurement strategies based on changing market conditions
- Implement best practices in procurement and supplier management to support operational objectives
- Oversee the development and execution of sourcing strategies across all business units including targets, timelines and resource plans
- Strategize and negotiate with suppliers and external vendors in order to secure the most cost-effective terms and to reduce procurement expenses
- Discover profitable suppliers and initiate business and organization partnerships
- Ensure the execution of procurement strategies across the company to ensure consistent and high quality value delivery
- Review vendor quality and maintains price controls and inventory flows to identify and implement efficient purchasing programs
- Develop and direct objectives, policies, and processes regarding all purchasing functions, and direct personnel engaged in purchasing
- Ensure the execution of standards, controls, policies, procedures and performance metrics to effectively and efficiently manage third-party spending and reporting across the company
- Conduct business review meetings with key stakeholders to assess risk, review future strategies, and identify potential improvement opportunities
- Maintain strong working relationships with strategic suppliers to assure cost, quality, and delivery targets are met
- Work closely with purchasing team on demand and inventory management execution
- Build market intelligence capabilities within the category management team on key markets, suppliers and solutions to support strategy development purposes
- Other duties as assigned
**Qualifications**:
- Bachelor’s degree in Business, Logistics, Supply Chain Management, technical discipline or equivalent focus
- 8+ years of related supply chain planning experience gained through broad and deep experience in the field
- Working knowledge of manufacturing, material flow and improvement strategies and the ability to integrate those into the operation
- Demonstrated understanding of financial systems and the key drivers within the manufacturing environment
- Comprehensive understanding of ERP system process and key system functions related to demand planning, scheduling and inventory management
- In depth experience running S&OP processes
- Superior Microsoft Excel skills
- Articulate with excellent verbal and written communication skills. Able to interact comfortably and drive alignment with the executive management team
- Strong analytical, organizational, decision-making skills
- Self-motivated with the ability to work independently while also able to successfully collaborate with cross-functional teams
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