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Technical Rubber Company (TRC) is seeking a seasoned Global Purchasing Director to lead our global purchasing function. As a key member of our leadership team, you will be responsible for developing and executing global sourcing and procurement strategies across our international operations.
Key Responsibilities:- Direct and manage the procurement of raw materials, outsourced manufactured goods, resale products, and other goods and services used within the business.
- Develop and implement policies and procedures to source the highest value products and services on behalf of the company.
- Manage supplier/contractor base for commercial goods and services, pre-qualify and evaluate new supplier sources for potential approval.
- Establish and monitor vendor evaluation and rating systems, and make/recommend changes when vendors fall below company standards.
- Drive working capital improvements through quantity optimization, shipping frequencies, payment terms, etc.
- Mitigate risk to the company by ensuring that all critical goods have a qualified backup supplier, and ensure diversity in suppliers by geographic terms, industry ties, key customers, etc.
- Create value within the organization to ensure the required level of quality is maintained to properly protect the integrity of the company's brands and reputation around the world.
- Ensure that policies are in place so that all imported goods carry sufficient and proper country of origin information as well as safety and warning markings.
- Oversee audits of these key elements on a periodic basis.
- Work with leadership teams around the world to identify, scope, validate, and execute special projects that will result in measurable value to the company.
- Oversee and initiate strategic sourcing processes, including Request for Proposals and Request for Quotes (RFP/RFQ) on a global basis.
- Lead in the development and execution of negotiation strategies with suppliers, including the acquisition of specific targets for pricing, service, and quality.
- Collaborate and partner with suppliers to drive innovation and gain all possible competitive advantages.
- Select and manage financial and operational measurement tools for assessing performance and results of the procurement function against goals and supplier proposals and forecasts.
- Report to senior management on the status of cost and quality initiatives as well as other purchasing processes, supply chain needs and changes, cost of goods sold targets, and performance related to inventory as well as changes to market conditions, suppliers, and global corporate needs.
- Hold suppliers, vendors, and global sourcing departments responsible for high quality, lowest cost, on-time delivery, and other key metrics.
- Define global standards for purchase order issuance process and management, and audit to ensure compliance with policies and contracted or correct pricing.
- Ensure that purchase order terms and conditions include favorable purchase order contractual language and terms and conditions are optimized for the company.
- Keep abreast of new, revised, or revoked local, state/provincial, federal, and international regulations for the importing of goods around the world.
- Oversee the evaluation process for resolving purchasing issues, new resale products, inventory issues, low-volume products/obsolescence, and supply issues within Tech Group Companies.
- Partner with SBU general managers and/or sales teams regarding new product opportunities, field testing of such products, quality of products, and analyze projected forecast against actual sales.
- Evaluate the success or failure of new product launches on a periodic basis and make recommendations for continuance, modification, or termination.
- Identify key raw material commodities and design and implement strategies to minimize volatility of these items on the business.
- Recommend hedging strategies for raw material commodities where warranted.
- Negotiate vendor freight terms and payment terms and work with distribution as needed to ensure effective and efficient consolidation of inbound deliveries of procured products.
- Optimize group buying strength across all group companies where it makes sense and utilize buying groups and co-ops where it will benefit the company.
- Prepare and review contracts, bids, proposals, and vendor agreements for legal correctness, price, and acceptability of items to specifications.
- Ensure that there are written agreements in place for those vendors where this is appropriate.
- Attend trade shows domestically and internationally to stay abreast of changes to the industry and products available that could be of value to the company.
- 5-7 years in strategic purchasing roles preferred; industrial products or automotive products.
- Ability to listen to customers, the sales team, and product management and compare those needs to supplier capabilities while validating the global opportunity.
- Entrepreneurial approach to problem-solving, balancing sales optimism and the reality of vendor capabilities and inventory turnover.
- Ability to lead cross-functionally and cross-culturally.
- Experience creating a strategic supply chain plan, aligning global entities, building an integrated communications plan that pulses the progress and alignment of all business locations.
- Ability to attract, develop, and promote talented people.
- Exhibits the ability to manage multiple, complex priorities within demanding timeframes.
- Comfortable acting as a player-coach and executing some of the work individually.
- Must have a passport and be capable of global travel (15% - 20%).
- Position is located in Johnstown, OH. Limited remote work will be considered.
- Undergraduate degree in business or engineering (purchasing) or science (material science, engineering).
- MBA preferred.