Strategic Sourcing and Procurement Leader
1 month ago
Recruiting Resources, Inc. is seeking a highly skilled and experienced VP/Principal for Strategic Sourcing and Procurement to lead our organization's procurement activities at our corporate headquarters in Los Angeles, CA.
Key Responsibilities:
- Develop and implement strategic sourcing and procurement initiatives to reduce costs, mitigate risks, and improve spend compliance.
- Monitor and measure the effectiveness of the sourcing and procurement organization against established performance metrics.
- Build and lead a highly qualified and effective sourcing and procurement team.
- Facilitate change management with colleagues and key stakeholders throughout the organization.
- Develop and enforce compliance to existing processes and policies, and develop new policies and procedures in the areas of category management, sourcing, supplier relationship management, and purchasing.
- Approve high-dollar contracts.
- Identify large-scale business opportunities and improvement initiatives that support the organization's strategic objectives while maximizing profitability.
- Drive the use of procurement practices and standardization of procurement processes while minimizing supply risk.
- Originate new concepts and innovative approaches for the organization; develop skills of supporting team members and provide performance review reporting.
- Influence large strategic sourcing and purchasing decisions.
- Prepare and recommend operating and personnel budgets for approval; monitor spending for adherence to budget and recommend variances as necessary.
- Establish KPIs and metrics for reporting.
Requirements:
- Bachelor's degree in Business or related field; MBA preferred.
- 8+ years of experience in strategic sourcing and procurement, performance measurement, contract negotiation, project management, category management, business analytics, and change management.
- Strong knowledge of category management, strategic sourcing, and supplier relationship management processes.
- Proven track record in delivering complex, cross-functional sourcing and procurement initiatives on time and on budget.
- Demonstrated success in leveraging company-wide spend by ensuring the implementation of global/international agreements.
- Nationally recognized professional certification preferred (Certified Purchasing Manager or Certified Professional Contract Manager).
- Experience with implementing new technology and/or enterprise-level process change a plus.
- Knowledge and experience with best practice processes, tools, and procurement/spend systems data and analysis.
- Strong organizational, planning, and problem-solving skills; multi-task oriented with strong attention to detail.
- Strong people management, development, and coaching experience.
- Excellent interpersonal skills to facilitate change management with colleagues and key stakeholders.
- Excellent verbal and written communication and negotiating skills.
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