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Strategic Sourcing and Procurement Leader
2 months ago
As a key member of Vention's Operations team, reporting to our Chief Operating Officer, you will play a pivotal role in empowering and leading a team of 4, operating a global procurement network comprising 70+ suppliers and 1,000+ SKUs. Your responsibilities will include expanding our strategic and tactical sourcing in a fast-growth environment, developing our global inventory strategy to support our On-Time-In-Full (OTIF) target, and driving process improvements to enhance operational efficiency.
Key Responsibilities- Lead cross-functional teams in the execution of strategic sourcing projects and departmental spend reduction initiatives.
- Develop and implement sourcing and procurement strategies to optimize costs and improve supplier performance.
- Manage and optimize supplier relationships, including contract compliance and total cost of ownership reduction.
- Maintain collaborative relationships with suppliers, resolving performance and capability issues to ensure alignment.
- Build and maintain relationships with internal clients, delivering best-in-class strategic sourcing, contract management, negotiation, and supplier management practices.
- Meet key metrics for sourcing and procurement to ensure strategic advantage.
- Optimize inventory levels for working capital optimization and parts availability, developing an effective Open-to-Buy tool.
- Establish procedures for inventory management, ensuring right-sizing of initial inventory levels on new SKUs and subsequent purchases.
- Support supplier audits, ensuring proper capacity planning in the context of rapid growth.
- Drive master supply agreement contract negotiations across a portfolio of categories.
- Collaborate with a dedicated team of software developers to improve inventory planning software and underlying algorithms.
- Bachelor's degree in Operations, Engineering, or Logistics.
- 15+ years of experience in a senior supply chain position.
- Experience with hardware (electronic or mechanical components).
- Strong communication skills and ability to present to employees and upper management.
- Passion for optimizing supply chains and engaging stakeholders in change.
- Ability to work in a fast-paced environment with next-day deliveries and high-volume parcel shipments.
- Strong data analytic background with ability to run complex analysis independently.
- Experience with a global distribution network with multiple warehouses in Europe, North America, and Asia.
- Interest in engineering topics and willingness to learn.
Vention offers a comprehensive benefits package, including flexible paid time off and remote work policies, global health plans, and career growth opportunities. Our team is passionate about helping you do your best work and fostering a supportive and inclusive work environment.
