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Strategic Sourcing Category Lead Professional
2 months ago
Vantage Specialty Chemicals is a leading supplier of naturally derived specialty ingredients and formulations that cater to the evolving needs of industrial and consumer markets.
Our company prides itself on its customer focus, global footprint, and innovative approach to addressing market challenges. We strive to enable tomorrow's solutions today through our chemistries and commitment to excellence.
Job SummaryWe are seeking an experienced Strategic Sourcing Category Lead to join our team. The successful candidate will be responsible for driving value and cost productivity across our Performance Solutions Business Unit. This role involves developing and executing strategies to drive spend optimization, presenting market insights and trends to stakeholders, and collaborating with cross-functional teams to ensure business requirements are met.
Key Responsibilities- Lead strategic sourcing of direct raw materials in collaboration with business units and key stakeholders.
- Develop deep knowledge of key market trends by researching market drivers, analyzing cost structures, understanding technical improvements in industry, and evaluating the competitive landscape.
- Develop and present category profiles and strategies.
- Leverage direct spend opportunities across business units and regions.
- Oversee cost-saving projects and opportunities.
- Effectively work with cross-functional teams to ensure business and technical requirements are captured and facilitate cross-functional evaluation of new suppliers.
- Drive RFP processes, bid analysis, and total cost of ownership analysis.
- Develop negotiation strategies and lead contract negotiations; oversee contract administration and compliance.
- Prepare and deliver executive-level business updates on strategic sourcing plans that highlight progress toward business objectives and changes in market dynamics.
- Manage corrective actions for non-conforming materials and services.
- Bachelor's degree required.
- 2-5 years of professional experience in procurement, business, or related field, with chemical industry experience preferred.
- Experience in commodity trading, strategic sourcing processes, market analysis, strategy development, supplier relationship management, and development of should-cost models.
- Strong analytical skills, attention to detail, and accuracy.
- Ability to manage multiple tasks and prioritize effectively.
- Ability to influence and work in cross-functional teams, with agility and results-driven execution.
- Excellent communication skills (oral and written) and interpersonal skills.
- Experienced in analysis and presentation of data, using Microsoft, BI, and ERP systems.
The estimated salary for this position is $120,000 - $180,000 per year, based on the job requirements, location, and industry standards. Benefits include comprehensive health insurance, retirement plan, paid time off, and professional development opportunities.
