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Lead Procurement Strategist
2 months ago
The Lead Procurement Strategist will be responsible for formulating and executing comprehensive category sourcing strategies for essential ingredients that align with the operational requirements of the organization, while prioritizing cost-effectiveness, ongoing enhancement, and resource optimization.
This role will spearhead local, regional, and global sourcing initiatives to secure sustainable competitive advantages for the organization.
The position requires collaboration across various departments including Supply Chain, Operations, Research & Development, Finance, and Sales. The Lead Procurement Strategist will report directly to the Vice President of Procurement.
KEY RESPONSIBILITIES:
- Formulate and execute category sourcing strategies that guarantee consistent supply and punctual delivery.
- Serve as the primary strategist to harness organizational scale with a focus on continuous improvement and cost efficiency.
- Achieve competitive pricing advantages through a thorough understanding of market dynamics, including relevant domestic and international macroeconomic factors.
- Identify and assess sourcing opportunities while minimizing supply risks.
- Manage Supplier Relationship Management (SRM) for both local and global strategic suppliers.
- Optimize the supplier base to ensure continuity, growth, and innovation.
- Negotiate long-term supply agreements and oversee their implementation.
- Oversee all contracts and master agreements, ensuring compliance with delivery schedules.
- Coordinate logistics with suppliers, including inland and ocean freight, as well as import/export processes when necessary.
- Collaborate with R&D and Quality Assurance to identify and approve new suppliers and materials.
- Ensure that sourced ingredients meet established quality standards.
- Develop and maintain supplier evaluation metrics and scorecards.
- Partner with internal stakeholders and work cross-functionally to meet business needs.
QUALIFICATIONS & EXPERIENCE:
- 8-10 years of experience in procurement or sourcing, or a related field.
- Preferred experience in agricultural sourcing.
- Bachelor's degree in Supply Chain Management, Business Administration, Economics, Engineering, or a related field.
- Strong financial and business acumen, including management of Purchase Price Variance (PPV), Profit & Loss (P&L), continuous improvement, cash flow management, spend analysis, and supply/demand forecasting.
- Experience managing supply chains effectively.
- In-depth knowledge of Import/Export and Trade Compliance.
- Demonstrated leadership and team-building capabilities with the ability to influence and mentor others.
- Proven ability to identify, develop, and evaluate a robust supplier network.
- Strong track record in contract negotiations and strategic sourcing.
- Excellent project management skills supporting cross-functional initiatives.
- Exceptional communication and presentation skills for both internal and external stakeholders.
- Ability to make informed decisions in complex and fast-paced environments.
- Strong interpersonal and conflict resolution skills.
- Proficient in ERP/MRP systems such as Great Plains, Microsoft Dynamics 365, SAP, and others.
- Excellent proficiency in MS Office, particularly Excel.
- Willingness to travel up to 10% of the time as required by business needs.
PREFERRED EXPERIENCE & EDUCATION:
- Master's degree in Supply Chain Management, Business Administration, Economics, Engineering, or a related field.
- 10+ years of experience in food manufacturing.
- 10+ years of experience in or with the food service industry.
BENEFITS:
- Comprehensive Medical, Dental, Vision, and Prescription Drug Insurance effective on the first of the month following the start date.
- Health and Wellness Incentives.
- 10 Days of Vacation.
- 9 Paid Company Holidays.
- 5 Personal Days.
- 401(k) Plan.
- Health Savings Account (H.S.A.).
- Long-Term and Short-Term Disability Insurance.
- Life Insurance.
- Accidental Death & Dismemberment (AD&D) Insurance.
- Employee Assistance Program (EAP).