Sr. Director of Supply Chain and Procurement
3 weeks ago
Key Responsibilities
- Lead and manage all procurement activities to ensure timely and cost-effective purchasing of materials, services, and equipment.
- Develop and maintain relationships with key suppliers and negotiate favorable terms to drive down costs.
- Oversee vendor selection, evaluation, and risk management to ensure alignment with company standards and sustainability goals.
- Drive the SIOP process to ensure optimal balance of supply and demand, aligning inventory levels with business forecasts.
- Collaborate with sales, marketing, ecommerce, and operations teams to synchronize product availability with market demand, reducing stock-outs and excess inventory.
- Implement demand forecasting tools and processes to improve accuracy and efficiency.
- Identify and execute cost-saving initiatives to reduce COGS, improving overall profit margins.
- Lead cost optimization projects, including product sourcing, contract negotiations, and process improvements.
- Monitor supplier performance and drive continuous improvement through scorecards, audits, and strategic sourcing initiatives.
- Design and implement supply planning strategies that ensure on-time delivery of products, while minimizing excess inventory and reducing lead times.
- Lead the demand planning team to develop accurate forecasts and inventory strategies that meet service level targets.
- Collaborate with product development teams to manage the introduction of new products into the supply chain.
- Develop and implement training programs to enhance skills and expertise within the team.
- Develop and implement long-term supply chain strategies that support the company's growth objectives and sustainability goals.
- Communicate and collaborate with the NPD team on vendor requirements and timelines as they relate to product launch timelines
- Support NPD on cost reduction strategies, supplier capabilities, and vendor qualifications
- Establish and maintain rigorous quality standards for raw materials, packaging materials, and finished products, ensuring compliance with regulatory requirements, industry standards, and brand specifications.
- Conduct supplier audits, inspections, and quality control checks to mitigate risks and maintain product integrity.
Qualifications
- Comfortability and willingness to work fully onsite in Beverly Hills
- Bachelor's degree in Business Administration, Supply Chain Management, or related field.
- Advanced degree or professional certification (e.g., CSCP, CPSM) is a plus.
- 10+ years of experience in procurement, sourcing, supply chain management
- Strong knowledge of procurement best practices, supply chain principles, and sustainability trends.
- Experience developing and leading a best-in-class SIOP process.
- Demonstrated experience in procurement systems and platforms such as Oracle and NetSuite.
- Demonstrated experience in supplier management, negotiation, and contract administration.
- Excellent analytical skills, attention to detail, and proficiency in data analysis tools/software.
- Effective communication skills, with the ability to collaborate cross-functionally and influence stakeholders at all levels.
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