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Strategic Sourcing Manager

2 months ago

Tarrytown, United States Emerge Talent Cloud Full time
Job DescriptionJob Description

Prestige Consumer Healthcare is a company that focuses on product innovation and quality in the over-the-counter healthcare and women’s health categories to better improve the lives of our customers and their world. For generations, our trusted brands have helped consumers care for themselves and their loved ones. We are the largest independent provider of over-the-counter products in North America, and we are constantly improving and creating products that match the ever-changing lifestyles and needs of people and families everywhere.

JOB SUMMARY: 
The Strategic Sourcing Manager holds a key position in our Strategic Sourcing Department under the Operations Group, responsible for managing supplier relationships, market benchmarking evaluations, issue resolutions, cost management, supply agreements and cost/process improvement projects with our suppliers.   Evaluation of potential new supplier(s) for new product development / supply opportunities and/or market benchmarking opportunities are an important aspect of the position, along with being the main business relationship manager to cultivate collaborative and mutually beneficial relationships with assigned supply partners. The Manager will also contribute to development of the evolving sourcing strategy for the assigned categories of product forms, supplier score carding, supply risk evaluation and mitigation, CIT (Continuous Improvement Team) Leadership and contract development and negotiation.

MAJOR RESPONSIBILITES/ACTIVIES: 

  • Leads the business relationship and establishes trust and partnerships with assigned supply partners, including contract manufacturers, packagers and strategic material providers.
  • Understands the relevant cGMP regulations and PCH Quality Standards that apply to our portfolio of OTC Monograph, NDA, Dietary Supplement, and Medical Device products, and translate these in practical ways in evaluation of existing and potential new suppliers.
  • Lead the RFI, RFQ/RFP processes, analysis, evaluation, and sourcing recommendation for assigned categories guided by established sourcing framework (i.e. Bonfire sourcing rhythm wheel process) using standardized templates and taking into consideration the quantitative and qualitative aspects of the sourcing choices.
  • Be the escalation focal point for issues that arise in day-to-day business, when these issues are not resolvable by the supply planning leaders.  Proactively manage supply partner’s On-Time-In-Full (OTIF) KPI by balancing capacity plans vs. long term forecast projections.
  • Manage cost of goods sold (COGs) for assigned portfolio of products, and the budgeting process, considering supply agreements, market condition changes on input materials, cost/efficiency improvement projects and other factors. Work cross-functionally internally and with supply partners to proactively address potential cost increases / decreases.
  • Work closely with the management team on Supply Agreements, and their negotiation and renewals with proper planning and lead time.
  • Lead the cost and process improvement projects for assigned portfolio, working with cross functional internal team and the supply partners to identify and quantify potential projects, vet these within the organizations, and then follow the approved projects through to successful implementation.
  • Lead the capability, capacity and cost evaluation of NPD concepts with supply partners and work collaboratively with the NPD group in the evaluation and establishment of accurate COGs and timelines for new product commercialization.
  • Working closely with the management team, contribute to the future supply strategy for the company, staying current with industry changes and trends. Attend industry trade shows with an eye toward early identification of potential supply partners for product concepts in the NPD pipeline.
  • Support and contribute to the supplier score carding process for assigned product / category portfolio and set up a routine monitoring and feedback system to provide timely and meaningful KPIs back to our supply partners.
  • Works closely with our Quality and Supply Planning Leaders and assigned Supply Partners to identify risks in our supply chain; initiate projects where appropriate to proactively mitigate these risks.
     

QUALIFICATIONS:           

  • B.S. Degree in a technical area such as Chemistry, Engineering, Mathematics or a degree in Supply Chain Management is preferred. MBA or other relevant advanced business-related education is also helpful, but not required.  ISM Certification a PLUS.
  • 6+ years’ experience with supplier management, procurement, supply planning, plant operations, technical services, project management or ideally a combination of three or more of these areas. Experience in the Pharmaceutical, personal care, medical device or CPG companies is a plus.
  • Practical experience in Supplier Management, Contract / Supply Negotiations and the overall Procurement / strategic sourcing function is highly desirable.
  • Understanding of “cost modeling” and the use of commodity indices is a plus
  • Successful in leading projects and influencing others on cross-functional teams.
  • Solid verbal and written communication and organizational skills.
  • Ability to analyze, draw conclusions, articulate, summarize and present complex information, particularly as it relates to quantitative and qualitative evaluation of manufacturing/packaging options.
  • Understanding of cGMPs as they relate to OTC Pharmaceuticals, Dietary supplements and/or Medical Devices.
  • Must be analytically driven and must thrive in an environment that demands the excellence in the work delivery while working independently with a minimal level of supervision
  • Strong problem-solving abilities and attention to detail.
  • Travel up to 25%, both domestic and international.

LANGUAGE SKILLS: 

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. 
 

MATHEMATICAL SKILLS: 

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry. 
 

REASONING ABILITY: 

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. 
 

PHYSICAL DEMANDS: 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

While performing the duties of this job, the employee is regularly required to sit. The employee frequently is required to talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus. 
 

WORK ENVIRONMENT: 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

The noise level in the work environment is usually moderate. 

No Sponsorship: Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

#HybridWork: We follow a Hybrid work schedule. All applicants must be able to work in our Tarrytown office Tues/Wed/Thurs (remote on Mon/Fri).

Work Hours: 40 hours per week.

Salary Range: $110k to $125k

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