About the job Procurement Manager Job Summary: The Manager, Procurement role is key in the daily operation. In this role, you will think strategically, act functionally, and improve total cost management. Stakeholder Engagement: Develop and systematically manage stakeholder relationships to find the optimum balance between meeting company needs and delivering total value. Communicate the results of negotiations and strategy development to management, stakeholders and all impacted functional areas.Supplier Relationship Management: Develop long term relationships with suppliers to realize Total Value. Leverage a standard framework to classify suppliers and implement SRM programs. Responsible for supplier relationship development and management through the use of performance criteria. Responsibilities include effective collaboration with the Supply Chain function.Commodity Management: Develop and update annual commodity plans with stakeholders including detailed analysis of past and future spending, existing relationships and external trends. Develop and manage multi-year commodity roadmaps and pipelines of sourcing initiative projects. Evaluate viable sources around the world to find the optimal source meeting service, quality, cost, sustainability, and risk mitigation objectives.Strategic Sourcing: Implement strategic sourcing initiatives. This includes: Analyzing commodity markets, develop and cost models to help predict and forecast price development on key commodities.
- Partnering with stakeholders to build robust scopes of work.
- Developing and executing sourcing strategies for individual initiatives.
- Preparing and implementing advanced negotiation strategies.
- Partnering with stakeholders and legal to negotiate and finalize agreements.
Risk Management: Evaluate and monitor the risk profile of the supply base, identify mitigation targets, and implement risk improvement initiatives. Responsible for recommending optimal supply strategies while working with all necessary functions to implement.Synergy Delivery: Manage the portfolio of sourcing initiatives and deliver cost reductions against challenging current and multi-year saving targets. Develop strategic procurement programs to meet the requirements of the assigned product areas and/or business team and make recommendations for implementation. People Management: This position may also be responsible for leading and administratively managing commodity manager(s) and buyer(s) who have procurement responsibilities for a range of commodity groups. Influence and coach procurement buyers and representatives. Essential duties and key job responsibilities and essential functions.
- Responsible for leading Requests for Information (RFI), Requests for Quotation (RFQ), supplier evaluations and due diligence, negotiation, contracting, and ultimately owning Supplier Relationship Management (SRM) for key contracts.
- Plan, organize, direct, and manage the activities of purchasing organization.
- Identify, qualify, and select suppliers of materials, equipment, products, and/or services, and conduct overall supplier management.
- Ensure contracts with suppliers and vendors are consistent with corporate objectives such as quality, on time delivery, cost reduction, and inventory turns.
- Develop and manage the organizations purchasing policies, procedures, standards, and strategies in order to ensure process transparency, fairness, impartiality, and confidentiality.
- Identify and mitigate supply chain risks, including multiple sources and contingency plans.
- Evaluate vendors with Quality and measure key quantitative performance indicators to drive continuous improvement programs in supply chain quality, delivery and cost.
- Achieve annual cost improvement objectives including PPV, Direct Material COGS%.
- Work closely with Engineering & Manufacturing teams to understand product needs and identify new supply partners to support new product development and ongoing production, both within the U.S. and from best-cost locations around the world.
- Demonstrated ability to effectively deliver complex messages and business presentations, reports and forecasts to Senior Leadership team, customers, vendors, and employees, highlighting key performance indicators, risks and recommendations for improvement.
- Negotiate major purchases, develop blanket or master agreements with suppliers, and engage in all aspects of contract management.
- Participate in make or buy decisions.
- Develop and execute strategic planning to meet long term supply base transformation goals.
- Interview, select, coach, train, develop, manage, and appraise the performance of associated personnel and mentor select staff.
- Duties and responsibilities are not limited to the work listed above and may include other assignments as necessary.
Minimum qualifications to perform the job
- 8+ years of stable, progressive management experience in Sourcing, Supply Chain or Logistics in a regulated industry, such as Pharmaceutical, Medical Device, Aerospace.
- Minimum of a four-year degree in a field of study such as engineering, business, logistics, science, or accounting or equivalent training in a related business or technical area.
- APICS, CIPS, or NEVI certification or similar association desired but not required.
- A high degree of analytic ability and inductive thinking is required to devise new technically complex problems.
- Proven experience in evaluating suppliers and partnerships to provide the most cost-effective ways of doing business.
- Excellent communication skills and outstanding presentation and public speaking skills.
- Lean/Six Sigma training - Green Belt / Black Belt Certification
- Strong and proven negotiation skills.
- Financial modeling and problem-solving skills, with ability to make data-driven decisions expert level knowledge of MS Excel.
- Advanced knowledge and experience of strategic sourcing processes and methodologies.
- Expertise in ERP system/software (i.e., SAP, Oracle, JD Edwards, Microsoft Dynamics, or similar).
- Stakeholder Engagement
- Supplier Relationship Management
- Pharma Supply Chain
- Commodity Managment
- Risk Managment
- Contract Negotiation