Procurement Manager

3 weeks ago

New York, New York, United States Vita Coco Full time

The Vita Coco Company is seeking an experienced Procurement Manager - Indirect to join its team in New York City. This role will play a pivotal part in defining the company's future procurement strategy.

The ideal candidate will be our sole expert in indirect procurement, collaborating closely with every department at HQ to craft and execute a forward-thinking strategy with a special emphasis on marketing categories.

Reporting directly to our VP of Operations, you will engage with all levels of leadership to foster strong vendor relationships and drive significant value to our P&L.

As a key member of our procurement team, you will be responsible for:

  • Formulating and implementing the indirect procurement strategy for Vita Coco, driving the annual procurement planning process.
  • Staying ahead of category trends by conducting thorough market analysis, integrating insights from both internal and external sources to refine the procurement strategy and set priorities.
  • Monitoring and reviewing the procurement strategy regularly, ensuring it adapts to evolving business needs and remains effective.

You will also be responsible for:

  • Benchmarking across all spend categories to uncover opportunities for cost savings and risk mitigation. Collaborating with department teams to act on these insights.
  • Leading negotiations with vendors to secure favorable pricing and contract terms, working closely with the legal team to ensure compliance and optimal outcomes.

Additionally, you will:

  • Develop and standardize procurement processes, guidelines, and policies and ensure their adoption across all HQ departments.
  • Implement advanced vendor management processes that drive value and innovation. Creating and maintaining scorecards, tracking KPIs, leading vendor reviews on a quarterly and monthly basis, and supporting improvement initiatives as needed.
  • Oversee and manage end-to-end RFx processes and work with functional teams to select vendors that are the right fit for Vita Coco and align to our business goals.
  • Identify and implement necessary systems and tools to enhance the procurement strategy.
  • Assess procurement training needs across departments and develop programs to build and enhance team skills.

This role requires a strong leader who can influence stakeholders and challenge existing practices to drive progress and innovation. You will be responsible for building and cultivating a high-performing procurement function, positioning the team for future success and growth.

The ideal candidate will have a Bachelor's degree or higher, ideally in Finance, Business, or a related field, and 8+ years of progressive procurement experience in roles across multiple categories and ideally multiple organizations. Experience with Marketing procurement (agency costs, talent fees, and partnership fees) is much preferred.

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