Strategic Sourcing Category Manager

6 days ago

Beverly Hills, California, United States Pharmavite Full time

HELP US BRING THE GIFT OF HEALTH TO LIFE.

Working at Pharmavite is an experience like no other. With a focus on complete nutrition for all, each endeavor is urgent and every day counts. You'll have the opportunity to work on the #1 selling national vitamin and supplement brand, Nature Made, as well as an exciting portfolio of other products that are shaping the future of the healthy living industry. Consumer-driven innovation, high quality products and a promising portfolio, all driven by a team with a shared sense of purpose -- that's Pharmavite. Join us to bring the gift of health to life.

**HYBRID 3 DAYS (Tue,Wed,Thur in office)**

***Relocation Benefits Available*** ****No Sponsorship Benefit Available***

The Strategic Sourcing Category Manager is a SME on the Strategic Sourcing and emerging business models. They will be responsible for proactively developing, implementing, and evolving Category Strategies while supporting and influencing internal stakeholders. This individual will support key category initiatives by providing sourcing direction & expertise in the supplier evaluation, selection & management, commercial agreements negotiation, data analytics & pricing reviews. The Strategic Sourcing Category Manager CapEx, reports to the Manager, Corporate Sourcing, Indirect.

Key Responsibilities:

Critical contribution this role is counted on to deliver are:

Supports annual $30MM+ in Strategic Sourcing CapEx sourcing activities across Pharmavite s manufacturing, corporate and distribution facilities. Proactively develops, presents and implements CapEx/Strategic Sourcing Category Strategies including process maps to optimize value for Pharmavite. Contributes to development of Preferred Supplier vendor listing and vendor optimization strategies through understanding of internal and external stakeholders, utilizing supplier performance scorecards and executing contracts. Lead the Capital strategic sourcing process, including the selection of suppliers and commercial terms negotiations to obtain the best value quality specifications, service demands and supplier innovation opportunities. Works with internal stakeholders to achieve optimal total cost of ownership and manage risk, while meeting the business and stakeholders objectives. Establish short- and long-term category metrics and TCO savings targets, monitor performance, and communicate these to stakeholders. Drive value through supplier relationship management and QBRs to ensure quality, delivery and cost improvements, utilizing KPIs, scorecards, etc.

Provides Pharmavite Engineering team with market intelligence on portfolio items as well as marketplace trends. Regularly performs price, industry and supplier analysis to support effective decision analysis in the sourcing process and work directly with key suppliers to negotiate preferred pricing and contract terms. Proactively and regularly communicates with Operations, Engineering and Quality team to ensure tactical alignment to category initiatives . Contributes to a strong governance culture by complying with Capital Sourcing policy and other appropriate governance policies and procedures.Supports the identification of potential contract improvement opportunities and re-negotiations. Works with cross-functional team (Legal, Engineering, Finance) to map sourcing to contract workflow and optimizes process to enable faster sourcing.

The Ideal Candidate

The ideal candidate is a self-starter and possess the ability to work independently and measure progress against goals. Drives thought leadership and able to make unbiased recommendations based on facts and data. Has the ability to concisely articulate key points or insights verbally and in writing.

Critical Success Factors

You'll be most successful in this role if you have:

Understanding of Enterprise business relationships and how this role impacts others. Functional knowledge of the Strategic Sourcing/CapEx, planning budgeting, and project management. Experience with capital projects to support new greenfield site construction preferred.General understanding of the financial aspects of capital expenditures, ROI, NPV, cash flow and total cost of ownership. General Understanding of process engineering, the design and build of equipment and facility construction. The ability to incorporate market intelligence and data analytics into the category strategies and to leverage the information during contract negotiations.

Capabilities & Skills Required

In order to take on these challenges, you'll need to have:

5 years of Strategic Sourcing experience including a minimum of 1-2 years of experience in CapEx Sourcing and Category Management. BS/BA degree in related field required or equivalent experience (e.g. Operations, Supply Chain, Finance, Engineering).

Ability to look at varying sources of data such as spend, cost, financial, and sources of market intelligence to be able to communicate

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