Strategic Procurement Leader
4 days ago
Bioriginal, a renowned global leader in nutritional innovation, seeks an accomplished Strategic Procurement Leader to spearhead its procurement function globally. With over 30 years of expertise and recent expansion through multiple acquisitions, the company thrives on blending scientifically sourced ingredients to create innovative solutions.
Headquartered in Saskatoon, Canada, with facilities across the USA, Europe, and Asia, Bioriginal provides customized solutions that empower clients to succeed in a competitive market. The company is committed to nurturing talent and offering growth opportunities in a dynamic environment where innovation shapes the future of nutritional health.
The Strategic Procurement Leader will lead the procurement function globally within the Bioriginal group of companies, focusing on developing and implementing sourcing and procurement strategies, optimizing procurement processes, and cost reduction while ensuring quality and product availability to meet demand. This role offers a fantastic opportunity for an experienced procurement professional to develop and grow the procurement function within a rapidly expanding, global business.
The successful candidate will be part of the executive leadership team within the organization.
Key Responsibilities:
Leadership/Strategy
- Spearhead the development and implementation of procurement strategies that optimize quality, lead times, cost savings, inventory levels, and efficiencies.
- Oversee the Request for Quotation (RFQ) process.
- Lead a global procurement and inventory management team focused on minimizing inventories while ensuring procured products meet or exceed pricing, quality, and lead time requirements.
- Provide coaching, guidance, and mentorship to staff.
- Establish and hold staff accountable to departmental Key Performance Indicators (KPIs). Develop and manage the procurement and inventory budgets.
- Identify and develop strategies to mitigate risks related to purchase contracts.
- Provide strong leadership to the procurement and inventory planning functions and work closely with the executive leadership team to support broader leadership activities.
- Provide procurement leadership over all purchasing categories, including standard commodities, specialty commodities, grain & packaging components.
- Understand market dynamics, best times to contract, and take positions in products.
Supplier Relations
- Lead negotiations on all purchase contracts, ensuring the best possible terms for Bioriginal (i.e., favorable pricing, quality, and delivery terms).
- Lead the vendor qualification process to ensure all applicable terms and conditions meet Bioriginal's expectations and requirements.
- Oversee vendor compliance, ensuring that suppliers meet standards and specifications when fulfilling orders.
- Responsible for supplier relationship management, including supplier delivery performance measurement.
- Manage the entire lifecycle of contracts, including drafting, negotiation, and termination.
- Ensure compliance with legal and regulatory requirements.
- Monitor contract performance and enforce terms and conditions.
Stakeholder Relations
- Collaborate with key stakeholders to identify cost-saving opportunities, streamline processes, and improve efficiencies within the procurement and inventory functions to enable success for internal stakeholders.
- Work with key stakeholders to evaluate supplier performance and address any issues or concerns as needed.
- Oversee the maintenance of supplier relationships and evaluations, including on-time delivery, quality, and regulatory requirements.
Desired Qualifications:
- Bachelor's degree in Business, Supply Chain Management, or a related field. Previous education related to contract management is preferred. A Master's degree is an asset.
- A minimum of 10 years of experience in supply chain, procurement, and contract management, with progressively increasing levels of responsibility. A 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 We Offer:
- Comprehensive Pension Plan
- Extended healthcare
- Dental care
- Paid time off
- Career growth opportunities
- Work-life balance
- On-site parking
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