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Strategic Sourcing and Procurement Lead

3 months ago

Sumner, Washington, United States ML Services Full time

Company Background

ML is a Chinese food company. Our teams work tirelessly to enhance delicious products that we all enjoy at home While ML is a Chinese food brand, its really a celebration of the power of food to bring us together, share our stories, and discover new flavors and cultures.

Our mission is to build something that feels authentically and uniquely true to our roots as a Chinese-American-founded brand. Something we can own, but thats also meant to be shared. One of the things we love about Chinese food is that its traditionally served family-styleshared with everyone gathered at the table. ML is a Chinese food brand, but its really a celebration of the power of food to bring us together, share our stories, and discover new flavors and cultures.

Core Values

Explore our core values here:

Position Information

Location

  • Hybrid = on-site 2-3 days/week
  • This position is located in the Greater Seattle area in Sumner, WA

Summary

As the Strategic Sourcing and Procurement Lead, you will play a pivotal role in overseeing all aspects of procurement and strategic sourcing. Reporting directly to Head of Business Operations, you will lead the development and execution of innovative sourcing strategies to enhance cost-effectiveness, performance, and quality driving cross-functional decisions across the organization. Your leadership will drive efficiencies, cost savings, and ensure the highest standards of material quality for our products.

Responsibilities:

Strategic Planning and Execution:

  • Develop and execute short- and long-term sourcing strategies aligned with organizational goals and objectives.
  • Drive continuous improvement through robust KPI reporting and analysis, leveraging market trends and supplier insights to inform strategic decisions.

Supplier Management and Contract Negotiation:

  • Identify, evaluate, and onboard suppliers that meet quality, cost, and compliance requirements.
  • Lead contract negotiations to secure favorable terms, pricing, and service levels while collaborating with legal and finance teams to mitigate risks

Cost Management and Efficiency Optimization:

  • Implement cost-saving initiatives and efficiency improvements across the procurement function.
  • Analyze spending patterns, identify opportunities for cost reduction, and track savings achieved through procurement activities.

Compliance and Risk Management:

  • Ensure compliance with regulatory requirements, industry standards, and organizational policies.
  • Champion vendor quality initiatives and ensure adherence to all relevant regulations and standards.

Team Leadership and Development:

  • Lead strategic sourcing and procurement professional(s), fostering their growth and equipping them with the skills needed for success.
  • Provide strong leadership and guidance, fostering a culture of accountability, collaboration, and continuous learning.

Cross-Functional Collaboration:

  • Collaborate closely with cross-functional teams to streamline production planning and optimize the Sales and Operations Planning (S&OP) process.
  • Partner with R&D and Quality to source and qualify raw materials, prioritizing cost savings without compromising on quality.

Qualifications:

  • Bachelor's degree in Supply Chain, Business Administration, or related field.
  • Minimum of 8 years of sourcing and procurement experience in a manufacturing environment; prior food manufacturing or CPG experience is a strong plus.
  • Demonstrated track record of growth in procurement and team management.
  • Strong negotiation, communication, and problem-solving skills.
  • Ability to work collaboratively in a fast-paced environment and lead teams effectively.
  • Solid understanding and experience of purchasing strategies and inventory management.
  • Proven analytical and decision-making skills to support effective buying decisions, problem resolution, and process improvements.
  • Experience in managing and developing buyers and other team members.
  • Effective communication skills and ability to work well with teams and cross-functionally.
  • Superior attention to detail and ability to multi-task in a fast-paced environment.
  • Persuasive negotiation skills with experience working with contracts.
  • Excellent interpersonal skills.
  • Exceptional time management, program management, and organization skills.
  • Advanced Excel skills.

You would be a great fit if you:

  • Have the proven ability to lead cross-functional teams and drive strategic initiatives, optimizing procurement processes for efficiency and cost-effectiveness
  • Are motivated by the ability to make a big impact at an early-stage startup, and are comfortable in a dynamic startup environment where you have to navigate ambiguity, move FAST (80/20 is good enough in most cases), and pivot on a dime
  • Are a self-starter who can operate with minimal structure as long as youre given clear context and objectives
  • Have high EQ and thrive under pressure - you might even enjoy a little bit of chaos
  • Are willing to grind and put in long hours if / when necessary during peak seasons while we build infrastructure. We care about work / life balance but want to build with people who are as passionate about the business as we are, not people who are looking for a clock in, clock out job
  • Are comfortable receiving and giving feedback / managing up - we value transparency
  • Be collaborative but also comfortable asserting yourself and influencing others, asking tough questions and not taking I dont know for an answer, and holding cross-functional partners accountable for their deliverables
  • Be an excellent communicator who leads with the headline / TL;DR and makes complex info digestible and actionable for the audience

You will be successful by completing these primary deliverables:

Below includes both raw materials and finished goods packaging

30-day

  • Onboarding + understanding of the business
  • Team management (2 direct reports)
  • 2024 procurement cost analysis

60-day

  • Identification of biggest cost-saving opportunities
  • Prioritized strategic sourcing plan
  • New supplier scorecard + management framework

90-day: based on biggest cost-saving opportunities identified

  • [start] Sourcing of new suppliers
  • [start] Renegotiations on existing rates / payment terms

Why You Should Join Us?

  • Bonus Eligibility
  • Employer-funded health benefits including medical, dental, and vision insurance. MiLa covers 75% of employee premiums & 25% of dependent premiums
  • Voluntary/optional employee paid group insurance for Life & AD&D (with guarantee issue amounts at time of hire), Hospital, and Short Term Disability
  • Great company culture ENPS in the 80s