Director of Procurement Strategy

2 weeks ago

Texas, United States Growing company via The Walstrom Group, Inc. Full time

POSITION SUMMARY:

The Director of Procurement Strategy is tasked with overseeing the organization's sourcing initiatives, from the initial selection and evaluation of suppliers to ensuring the timely delivery of high-quality products. The ideal candidate will enhance our procurement processes by analyzing expenditure patterns and supplier collaborations while continuously seeking innovative sourcing opportunities.

This role involves managing supplier relationships and building a sourcing team equipped with effective processes and cutting-edge tools to meet business demands. Given that the U.S. market is pivotal for the organization, this position will also take a proactive global role in fostering 'shared' supplier partnerships, performance measurement, and communication. This leader will work closely with key stakeholders in various regions.

KEY RESPONSIBILITIES:


• Formulating and articulating a comprehensive 3-year sourcing strategy, including targeted suppliers and pricing objectives.


• Assessing all elements influencing total landed costs.


• Monitoring global commodity pricing trends, analyzing potential business impacts, and proposing alternative strategies.


• Leading by example in both thought and action, establishing a reputation as a collaborative partner among internal teams and clients.


• Nurturing supplier relationships while actively seeking new vendors through various channels.


• Continuously identifying methods to enhance product quality, cost efficiency, and delivery timelines.


• Collaborating with the legal department to ensure favorable contract terms are established and upheld.


• Managing communications and negotiations with suppliers.


• Evaluating supplier performance to ensure compliance with quality and delivery standards; collaborating with other departments to identify and qualify new suppliers.


• Leading quarterly supplier performance review meetings with key suppliers.


• Demonstrating expertise in risk management, strategic planning, and change management.


• Navigating conflicting interests and resolving complex organizational challenges.


• Conducting cost analyses and establishing benchmarks for improvement.


• Negotiating pricing for raw materials and logistics with suppliers.


• Performing financial analyses to present total cost versus benefit evaluations.


• Supervising a sourcing team and delegating tasks as necessary.


• Training and mentoring team members, reinforcing company policies and guidelines.


• Actively participating in product development initiatives, providing insights on supply availability and costs, and supporting timely product launches.

QUALIFICATIONS REQUIRED:


• Bachelor's degree in supply chain management, finance, or engineering preferred.


• Over 10 years of experience in supply chain management within a manufacturing context.


• Proficiency in metrics management with proven examples of successful transformations.


• Experience in developing and managing inventory reduction strategies and improving inventory health.


• Exceptional verbal and written communication skills.


• Strong interpersonal and negotiation abilities, with a track record of fostering positive relationships with vendors and internal stakeholders.


• Proven leadership and supervisory capabilities.


• Excellent organizational skills and meticulous attention to detail.


• Comprehensive understanding of company products and supply chain logistics.


• Strong analytical and problem-solving capabilities.


• Demonstrated experience as a senior sourcing or procurement manager.


• Familiarity with sourcing and vendor management software.


• Insight into market dynamics and sound business judgment.


• Strong project management and leadership skills.


• Ability to negotiate and maintain networking relationships.


• Sound judgment with the capacity to make informed decisions.

PREFERRED QUALIFICATIONS:


• CPSM or C.P.M. certification is advantageous.


• Effective project leadership, teamwork, communication, writing, and problem-solving skills.


• Proficient in Microsoft Office tools, particularly Excel, and a solid understanding of Enterprise Resource Planning applications.


• A strong desire to thrive in a transformative environment that fosters rapid personal growth.


• Highly developed analytical skills and conceptual thinking.


• Proven ability to influence and engage diverse teams across multiple disciplines.


• Strong presentation and communication skills.

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