Procurement Manager for Capital Equipment Sourcing
7 days ago
About the Role:
We are seeking a highly skilled and experienced Procurement Manager to join our team at fairlife, LLC. This is an exciting opportunity to lead strategic sourcing and procurement operations for capital equipment portfolio, driving value to the business by ensuring high-quality, cost-effective equipment and materials from a reliable supply base.
About fairlife, LLC:
Fairlife, LLC is a Chicago-based nutrition company that creates great-tasting, nutrition-rich dairy products. With nearly $3B in annual retail sales, fairlife's portfolio includes fairlife ultra-filtered milk, Core Power High Protein Shakes, and fairlife nutrition planTM. As a wholly owned subsidiary of The Coca-Cola Company, fairlife has been recognized for industry-leading innovation.
Responsibilities:
- Define and lead the procurement strategy development for capital equipment and R&M categories.
- Identify, develop, and implement sourcing strategies to reduce total delivered cost, ensure best-in-class vendor partnerships, and bolster security of supply.
- Develop a supply base that creates a competitive advantage while effectively leveraging spend and driving innovation & strong vendor performance.
- Collaborate with engineering teams on creating KPIs to monitor equipment vendor performance and support cross-functional scorecard evaluation.
- Manage supplier performance through routine business reviews.
- Lead Request for Proposal (RFP) process to ensure consistent lowest total cost of ownership.
- Manage Total Cost of Ownership following RFP completion, supporting lifecycle service procurement and own R&M baseline establishment.
- Identify and implement synergy opportunities for shared suppliers with the global Coca-Cola network.
- Support Engineering Teams with sourcing needs related to design, construction, modification, and maintenance of processing and packing equipment.
- Develop and execute vendor agreements in close collaboration with Legal Team.
- Assist in developing and managing annual capital and R&M cost budgets.
- Analyze and forecast market inflation trends and work to address any price variances to budget.
- Monitor, track, and report on savings and key performance indicators for category.
- Collaborate with plant finance and maintenance teams on inventory and order optimization opportunities.
- Stay abreast of industry trends, supplier capabilities, and emerging technologies for dairy processing & packaging equipment.
- Resolve unforeseen problems with suppliers relating to operations, purchasing, or quality/performance.
Requirements:
- Bachelor's Degree (preferably in Engineering, Supply Chain, Procurement).
- +7 years' experience performing capital equipment sourcing or process and/or packaging engineering supporting low acid or CPG equivalent systems.
- Sound category technical knowledge of manufacturing systems equipment design and ongoing spare parts and servicing requirements.
- Demonstrated track-record of executing year-over-year cost savings initiatives and ability to develop a cost savings project pipeline.
- Category management capabilities to mobilize cross-functional teams to mitigate risk and deliver value.
- Ability to effectively negotiate and influence business decisions.
- Proactive business results-focus, and proven ability to provide insights that generate value.
- Strategic thinker that is focused on winning today AND building for the future.
- Able to thrive in a dynamic and fast-moving environment, eager to partner, create value-based relationships with team members up, down, and across the organization.
What We Offer:
- Competitive salary range: $120,000 - $160,000 per annum, depending on experience.
- 35% travel requirements.
- Exempt position.
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