Sr Sourcing Manager
3 weeks ago
The Senior Sourcing Manager - Packaging Materials is responsible for leading and developing strategic procurement sourcing activities, including negotiations, contract and project management, spend analysis, sourcing, and continuous improvement initiatives through total cost of ownership. He/she will effectively develop, coach and mentor his/her direct reports.
- Lead the development; implementation and alignment of sourcing strategies and supplier network capabilities for spend categories to achieve business objectives. Responsible for securing materials at the lowest total cost of ownership (TCO) through competitive analysis of bids, and all other costs of ownership. Responsible for establishing risk mitigation strategies to minimize concerns with materials, delivery or supplier relationships.
- Responsible for compliance with applicable corporate policies and procedures and Code of Conduct.
- Develop annual cost savings programs and implement strategies that directly effects company financial results. Create, advocate, lead and implement sourcing and negotiation strategies for key spend areas to achieve short- and long-term savings targets. Manages areas of responsibility while driving continuous improvement and develop and implement protocols and practices to ensure effectiveness and efficiencies of strategic initiatives. Mitigates costs increases with creative solutions based on supply chain leveraging, manufacturing changes, vendor shifts, and cost engineering.
- Demonstrate full knowledge and serve as a leader for assigned categories of spend. Provide, Director, Procurement Strategic Sourcing, and other cross functional team members' plans to establish both short and long-term commodity strategies.
- Responsible for effectively negotiating with suppliers and coaching others to do the same. Govern the development and execution of contracts and agreements, with suppliers. Contractually securing materials and/or services within spending authority guidelines.
- Responsible for setting and delivering budgeted plans for all direct and indirect items identified within the scope of the role, and report monthly on performance. Timely communication to key personnel of any major shifts in marketplace activity that may positively or negatively impact the organization.
- Select, maintain and manage a supplier base that is financially sound, technically competent, and strategically aligned, including supplier performance standards and measurements. Evaluate supplier capabilities and establish sources for new technologies and new markets dictated by business requirements. . Analyze industry trends and evolving technology to proactively identify supply base issues to mitigate issues to minimize risk, protect continuity of supply, and exploit emerging opportunities that benefit Wells.
- Responsible for the developing personnel to include partnering with employees to develop and execute Performance Development Plans, attainment of professional goals and access to appropriate formal and informal learn experiences.
In addition to the responsibilities listed above, other duties may be assigned by your supervisor, as dictated by business necessity.
- Bachelor's degree in purchasing, supply chain, business, materials' management preferred or related field.
- Minimum seven years' experience in sourcing/supply chain/operational leadership.
- Knowledge - Advanced knowledge of purchasing and supply chain. Familiarity with regulatory requirements associated with food products.
- Skills - Exceptional communication skills (both oral and written) and presentation skills. Effective negotiating skills at mid-management level. Problem Solving, quantitative skills and decision-making talent.
- Abilities - Must be able to work across all functions and levels of an organization. Proven project management skills and demonstrable process implementation ability.
- Reports to Director of Purchasing
- Direct Reports - None
- Indirect Reports - NA
- Position will manage $50-$70 million annually depending on complexity of commodities managed
Wells Enterprises is an EEO/AA employer M/F/Vet/Dis
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