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Strategic Sourcing Manager
2 months ago
Manager of Strategic Sourcing & Operational Excellence
Job Overview:
The Manager of Strategic Sourcing & Operational Excellence will build and manage a robust strategic souring capability. He/ she will be responsible for the development and implementation of supply risk mitigation strategies and vendor relationship management.
Duties & Responsibilities:
- and execute a robust sourcing and procurement strategy, considering factors like cost, quality, working capital, and risk management.
- and assess potential suppliers, engage in contract / pricing negotiations, and establish and foster valuable partnerships to secure a consistent and dependable supply of raw materials, packaging, and other materials.
- supplier selection processes, including the development and execution of RFI’s, RFP’s, and other sourcing tools that will ensure Lief Labs is buying materials at optimal cost with the highest quality and service standards.
- market intelligence and conduct market analysis and benchmarking to anticipate price fluctuations while mitigating Lief’s financial exposure.
- sourcing engagements across various raw material and packaging categories driving significant COGS savings and cost avoidance.
- abreast of regulatory requirements and industry standards related to sourcing and procurement in the nutraceutical industry and ensure compliance.
- trademark agreements and collaborate with product development and regulatory team to ensure compliance with trademark usage guidelines.
- and/ or lead the on-boarding and qualification of new and potential vendors
- robust partnerships with suppliers, establishing transparent channels of communication and efficient problem solving to reduce interruptions in the supply chain.
- assess supplier performance, manage & monitor key metrics, and maintain consistent product quality and availability.
Qualifications:
- degree in supply chain management, business administration, or related field (Master’s degree preferred).
- years of experience in pharmaceutical Research and Development, with increasing levels of responsibility and leadership.
- success in bringing pharmaceutical products from concept to commercialization.
- knowledge of drug development processes, including pre-clinical studies, clinical trials, and regulatory requirements.
- leadership and people management skills, with a track record of building and motivating high-performing teams.
- thinker with the ability to translate vision into actionable plans and results.
- communication and interpersonal skills, with the ability to collaborate effectively with diverse stakeholders.
- business acumen and the ability to make data-driven decisions.
- working in a regulated environment (e.g., FDA, cGMP) is essential.
- ability to drive innovation and foster a culture of continuous improvement.
- to adapt to changing priorities and work in a dynamic and fast-paced environment.
Salary Range: $109k-$145k
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