Category Sourcing Manager
2 days ago
We are seeking a seasoned Category Sourcing Manager to join our procurement team at Best Formulations LLC. As a key member of our supply chain team, you will play a critical role in identifying, evaluating, and managing suppliers for various non-core categories within our business.
Key Responsibilities- Develop and implement sourcing strategies for non-core categories such as packaging materials, indirect goods, and services to ensure cost-effectiveness and supplier reliability.
- Identify potential suppliers, conduct comprehensive evaluations, and establish partnerships with those who meet quality, cost, and reliability standards.
- Lead negotiations with suppliers to secure favorable terms and conditions, including pricing, delivery schedules, and service levels.
- Build and maintain strong relationships with key suppliers to drive continuous improvement, resolve issues proactively, and leverage opportunities for innovation and collaboration.
- Analyze market trends, benchmarking data, and internal spend patterns to identify cost-saving opportunities and implement strategies to optimize total cost of ownership.
- Identify potential risks within the supply chain and develop mitigation plans to minimize disruptions and ensure business continuity.
- Collaborate closely with internal stakeholders, including operations, quality assurance, and product development teams, to align sourcing strategies with business objectives and support new product launches and initiatives.
- Ensure compliance with regulatory requirements, ethical sourcing practices, and company policies and procedures.
- Bachelor's degree in Supply Chain Management, Business Administration, Engineering, or a related field. Master's degree or professional certification (E.g., CSCP, CPSM) preferred.
- Minimum of 5 years of experience in strategic sourcing, procurement, or supply chain management, with a focus on packaging materials and/or raw ingredients.
- Proven track record of development and implementing successful sourcing strategies, negotiating contracts, and achieving cost savings targets while maintaining high-quality standards and supplier relationships.
- Strong analytical skills, with the ability to analyze market data, supplier performance metrics, and financial reports to drive data-driven decision making and strategic insights.
- Exceptional communication and negotiation skills, with the ability to build and maintain relationships with internal key stakeholders and external suppliers across diverse cultures and geographies.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and experience with procurement software of ERP systems (e.g., SAP, Oracle) preferred.
- Demonstrated commitment to integrity, ethics, and compliance with regulatory requirements and company policies.
- 401(k) with company match
- Tuition reimbursement
- Medical/Dental/Vision/Pet Insurance
- Health & Wellness programs
- Generous time off for vacations
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