Job Description

Responsibilities:

• Develop and Implement Procurement Strategies:
• Develop procurement policies, processes, and systems to ensure compliance and efficiency.
• Build a spending tracker for all direct materials and develop a procurement strategy with our external manufacturer.
• Supplier Management:
• Identify, evaluate, and manage relationships with suppliers to ensure the procurement of high-quality materials at competitive prices. Negotiate contracts, terms, and pricing with suppliers.
• Develop and execute strategies for buying and delivering materials to support external manufacturing needs
• Cost Optimization: Monitor market trends and conduct cost analysis to identify opportunities for cost reduction and value improvement without compromising quality.
• Risk Management: Assess and mitigate risks associated with the supply chain and procurement process. Develop contingency plans to ensure consistent supply in case of disruptions.
• Inventory Management: Collaborate with the supply chain and production teams to ensure proper inventory levels, reduce excess stock, and ensure timely material availability.
• Regulatory Compliance: Ensure compliance with all relevant regulations, standards, and corporate policies related to procurement activities.
• Performance Metrics: Establish and track key performance indicators (KPIs) to measure procurement efficiency, supplier performance, and overall cost savings.
• Cross-functional Collaboration: Work closely with other departments, including R&D, Quality, and Finance, to align procurement activities with company goals and projects.
• Continuous Improvement: Lead initiatives to improve procurement processes, enhance efficiency, and drive innovation within the supply chain.

Professional Qualifications:

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field. A Master's degree or professional certification (e.g., CPSM, CIPS) is a plus.
• Minimum of 5 years of experience in direct procurement, preferably within the CPG industry.
• Proven track record of successful negotiation and supplier management.
• Strong understanding of supply chain management, procurement processes, and market dynamics.
• Excellent analytical and problem-solving skills.
• Strong leadership and communication skills with the ability to influence and collaborate across all levels of the organization.
• Proficiency in procurement software and Microsoft Office Suite.
• Detail-oriented with strong organizational skills and the ability to manage multiple priorities.

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