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Director of Strategic Procurement
2 months ago
The Director of Strategic Procurement will oversee the development and implementation of procurement strategies to maximize efficiency and minimize costs. This role will lead the internal business functions through existing supplier performance evaluations and contract reviews.
Key Responsibilities- Lead the internal business functions through existing supplier performance evaluations and contract reviews
- Engage in market research, competitive analysis, and identify industry trends to better understand the supplier landscape
- Evaluate, develop, and implement sourcing strategies to provide enhanced supplier choice and new product suppliers
- Lead supplier selection process, identification of alternative sources, and guide complex and/or large-scale RFPs and contract negotiations
- Maintain the repository of contracts, communicate contract terms, and track expirations for stakeholders
- Establish a standard supplier review process to lower costs, mitigate re-work, and ensure mutually beneficial outcomes
- Provide ongoing reporting on the status of critical relationships or pending challenges that could affect planning and impact the Master Schedule
- Collaborate with Quality function to proactively perform audits of suppliers, oversee supplier intervention, and conduct inspections
- Build partnerships with suppliers to better understand their business plans and make recommendations to maintain or conclude a supplier relationship
- Prioritize and lead the continuous improvement process for programs within Strategic Sourcing
- Develop and manage the operating budget for the Sourcing organization
- Knowledge of key industry players, competitors, and market dynamics to effectively plan the procurement strategy
- Seasoned builder of strong relationships across internal functions and externally with industry and supplier network
- Impactful combination of analytical, financial, and technical acumen, and a commanding presence in order to retain a position of strength when communicating with suppliers
- Critical thinker and innovative problem solver who drives effective decision making and gets ahead of issues
- Extensive experience negotiating contracts and SLAs with key suppliers, ensuring clarity of costs, terms of supply and delivery, service, performance, and quality in supplier agreements
- Effective use of project management, change management, and service level management approaches
- Advocate of knowledge transfer, transparent communication, and promoting a strategic versus tactical focus
- Experience sourcing parts for the aircraft industry, manufacturing, or production environment
- Degree in Business, Engineering, and/or a technical field or the equivalent combination of education and experience
- 10+ years of senior-level responsible for sourcing/vendor management in a related industry, working with multiple business stakeholders within a cross-functional matrix environment
- Additional education/formal training or specialization in procurement management, supply chain logistics, and/or project management will be advantageous
- Exceptional communication skills – both written and verbal – coupled with a high sense of commitment, and a willingness to accept responsibilities while acting independently in a dynamic environment
- Intermediate or advanced level in all MS Office applications including MS Project, PowerPoint, and Excel
