Manager of Strategic Sourcing

2 weeks ago

Valencia, United States Lief Labs Full time

Lief Labs is a premier formulation and product development innovator and manufacturer of dietary supplements. Our in-house Product Development and R&D team create the best-tasting and most cutting-edge formulations of supplements. Lief also houses a state-of-the-art, full-service Current Good Manufacturing Practice (cGMP) manufacturing facility, which offers custom solutions for a multitude of supplement categories. Lief collaborates with entrepreneurial firms to help them build premier brands. Our turnkey solutions allow us to engage in seamless partnerships that help brands with scalability and sustainable growth. **Lief Labs is located in the Santa Clarita Valley (Valencia, CA.**) All roles are on-site Monday - Friday.**

**Summary**

The Manager** **of** Strategic Sourcing & Operational Excellence** will build and manage a robust strategic souring capability for Lief. He/ she will be responsible for the development and implementation of supply risk mitigation strategies and vendor relationship management. In addition, this role will work cross-functionally, with internal and external key stakeholders to drive improvements in processes and technologies that enable the achievement of Lief’s business objectives.

**Responsibilities**

**Strategic Sourcing**:

- In collaboration with Supply Chain leadership, develop and execute a robust sourcing and procurement strategy, considering factors like cost, quality, working capital, and risk management.
- Identify 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.
- Oversee 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.
- Study market intelligence and conduct market analysis and benchmarking to anticipate price fluctuations while mitigating Lief’s financial exposure.
- Lead sourcing engagements across various raw material and packaging categories driving significant COGS savings and cost avoidance.
- Collaborate cross-functionally with internal stakeholders, including R&D, Product Development, Technical Operations, Quality Assurance, and Finance, to align sourcing strategies with business needs and timelines.
- Stay abreast of regulatory requirements and industry standards related to sourcing and procurement in the nutraceutical industry and ensure compliance.
- Manage trademark agreements and collaborate with product development and regulatory team to ensure compliance with trademark usage guidelines.

**Supplier Relationship Management**
- Support and/ or lead the on-boarding and qualification of new and potential vendors
- Nurture robust partnerships with suppliers, establishing transparent channels of communication and efficient problem solving to reduce interruptions in the supply chain.
- Regularly assess supplier performance, manage & monitor key metrics, and maintain consistent product quality and availability.
- Fulfill any other duties and responsibilities as assigned by senior management, demonstrating flexibility and adaptability to support the evolving needs of Lief Labs and its strategic objectives.

**Operational Excellence**
- Collaborate with cross-functional teams to drive transformational changes, ensuring efficient and effective implementation.
- Utilize data-driven methodologies to develop and own operations and supply chain business performance metrics and process improvements.
- Develops and maintains reporting and tools to communicate strategic plans and concepts to leadership.
- Oversee the development and execution of cross-functional strategic initiatives, monitoring progress and making necessary adjustments as required.
- Provide guidance and support to the team in developing business cases, financial models, and action plans to support strategic initiatives.
- Foster a culture of innovation and continuous improvement, driving the company's growth and competitiveness.
- Perform complex data-driven analysis to identify potential risks and opportunities across the operation.

**Supervisory Responsibilities**

In accordance with applicable policies/procedures and Federal/State laws, may perform the following supervisory responsibilities: Interviewing, hiring, orienting, coaching and developing employees; planning, assigning, and directing work; appraising, managing and rewarding performance; addressing complaints and resolving problems.

**Minimum Qualifications**

**_Knowledge_**

**Education**:
Bachelor’s degree in supply chain management, business administration, or related field.

(Master’s degree preferred)

**_Skills/ Abilities_**
- Professional maturity
- Communication
- Change management
- Accountability
- Critical thinking
- Problem Solving
- Conflict Management
- Trustworthiness
-

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