Director, Strategic Procurement

1 week ago

Secaucus, New Jersey, United States The Children's Place Full time
Location:
Secaucus, New Jersey
Job Summary:
The Director of Strategic Procurement at The Children's Place is responsible for leading strategic sourcing initiatives, collaboratively developing and implementing strategies to optimize the company's non-merchandise spend and supporting the company's on-going profit improvement efforts. The Director leads a small Strategic Procurement team that is responsible for around $400M spend ranging from supply chain, marketing, IT, stores, and professional services.
Responsibilities:

Key Accountabilities:
  • Provides leadership to influence and strategically source of all non-merchandise spend.
  • Leads strategic sourcing efforts, develops talent, leverages technology, and drives new value.
  • Develops pipeline of projects, builds relationships with key executives/ spend owners, leads sourcing team, and runs complex strategic sourcing projects.
  • Responsible for conducting spend analysis, analyzing supply markets, identifying sourcing value levers, executing competitive RFIs/RFPs and leading supplier negotiations.
  • Designs and develops a value initiative pipeline to optimize around $400M of non-merchandise spend to yield aggressive savings.
  • Prioritizes sourcing efforts, develops baseline spend, and manages sequential sourcing waves.
  • Works with business teams to sponsor initiatives, and agree on business goals and key requirements.
  • Builds strong relationships with business teams and key stakeholders, removes obstacles for sourcing teams, and works with Finance and business teams to ensure negotiated savings are realized.
  • Collaborates with the business to ensure clarity of specifications and requirements.
  • Leads strategic sourcing initiatives, following a 7-step spend management methodology. Ensures process excellence, and frames strategic issues and supply options.
  • Conducts successful supplier negotiations focused on total cost and ensures all business terms are clearly outlined in supplier agreements.
  • Develops implementation and transition plans and supports change management initiatives.
  • Manages complex sourcing and demand management initiatives.
  • Ensures teams understand supply markets and develop innovative supply solutions.
  • Develops strong supplier partnership and development programs. Conducts quarterly business reviews, measures performance through scorecards, and ensures new value is created year-over-year.
  • Ensures integrity of savings tracking and reporting efforts.
  • Hires, develops, and coaches Strategic Procurement team.
  • Establishes and creates department training and development programs.
  • Works with business teams to demonstrate strategic value of Strategic Procurement team, and ensures strong sponsorship and participation from cross-functional teams.
  • Develops, communicates, and actively manages Strategic Procurement goals and strategies with internal stakeholders and suppliers.
  • Ensures integrity of work done, following vision, mission, and values.
Required Skills & Experience:
  • Proven ability to develop and lead complex strategic sourcing strategies and initiatives.
  • Proven ability to lead high-performance teams and build strong and lasting partnerships.
  • Strategic and innovative thinker who can develop and implement new business models and keep pace with changing marketplace.
  • Strong team player, with the innate ability to build and maintain strong cross-functional relationships.
  • Proven ability to attract, lead, and develop people.
  • Track record of managing complex sourcing and demand management efforts.
  • Effective negotiator with strong business acumen and project management skills.
  • Excellent communication (both verbal and written), and facilitation skills.
  • Deep knowledge of financial accounting, strategic sourcing, and supplier management concepts.
  • Excellent analytical, problem-solving, and project management skills.
  • Ability to develop relationships with key Business Partners
  • Experience sourcing a variety of categories, including the following:
    • Marketing (digital media, agency, production, and creative)
    • IT (Hardware, Software, Software-As-Service, E-Commerce, Cloud Services)
    • Supply Chain (Small Parcel, Ocean /Air/ Ground freight, Fulfillment, etc.)
    • Real Estate, Facilities, and Store Operations
    • Professional Services/HR/Finance
  • Knowledge of Supplier Management tools (SRM, Quarterly Business Reviews, etc.).
  • Proficient in MS Office Suite Excel, Power BI, Power Point, etc.
  • Technology-savvy to leverage eProcurement, eSourcing, Project Management, and Spend Analytics tools, including but not limited to: SAP, Per Angusta, Market Dojo, and SpendData.
  • Ability to perform in a fast-paced, goal-oriented, and time-sensitive environment
  • Ability to lead and influence change in the face of complexity and ambiguity.
  • Retail / CPG experience preferred.
Minimum Educational Level:
  • Bachelor's degree in supply chain, business administration, logistics, finance, engineering, or related discipline
  • MBA or Master's degree a plus
  • CPM, CIRM or CPIM certification a plus
Minimum Experience:
  • Ten plus years of professional experience in Strategic Sourcing, operations or general management consulting, logistics or supply chain.
  • Experience in a dynamic organization with experience and exposure in advanced sourcing strategies.
The Children's Place is an Equal Opportunity Employer committed to a diverse and inclusive work environment.

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