Category Manager (New Product Development-Raw Materials)

Herbalife • Torrance, CA

21h • Hybrid

About The Position

THE ROLE: The Category Manager, Global Product Sourcing will be responsible for managing and sourcing various Raw Material categories for new products across all regions (Americas, Europe, India, China and Asia Pacific). As the corporate expert for new raw material sourcing and new supplier relationship development, this person will be the point person for supplier communication, pricing and new product commercialization. The individual selected for this position will lead cross-functional teams and projects for 2-3 global categories to maximize total value, generate supply-chain efficiencies, manage the relationships with strategic supplier partners and introduce supplier innovation and technologies across all Herbalife business units. In addition, this role will be expected to utilize his/her knowledge to enhance and leverage Herbalife's buying power to source materials required for Herbalife's new products at a competitive rate and streamline material use across key finished goods suppliers. HOW YOU WOULD CONTRIBUTE: Support Research & Development, Marketing, and Product Innovation partners in conceptualization and development of new products by assessing new and existing supplier’s capabilities, providing formula component costing, commodity expertise, and supply chain risk assessments. Develop partnerships with new and existing suppliers to foster product and supply chain innovation and proactively introduce new technologies utilizing key global partners and prospects’ full capabilities Lead global cross-functional teams focused on integrating and optimizing the global supply chain for new trademarked ingredients or commodity groups across world-wide locations. Contribute to total raw material cost reduction on a regular basis. Negotiate and executes supply and trademark licensing agreements with favorable terms to Herbalife. Track market conditions for key commodities and work proactively with suppliers and with finished goods manufacturers to minimize potential cost increases and realize potential cost savings. Access and engage executive level contacts at suppliers garnering support for mutual global supply chain initiatives and objectives. Lead two-way communication with suppliers during new product commercialization to ensure challenges and issues receive appropriate response and resolution. Conduct the supplier segmentation process and negotiate global alignment to leverage spend within the multi-year global commodity strategy. WHAT’S SPECIAL ABOUT THE TEAM: The Global Product Sourcing team is newly rebranded and reorganized to leverage global category management and category expertise. Working with a team of over 50+ Direct Sourcing colleagues around the world, the team is focused to identify the best opportunity to source for any region, delivering incremental value and external innovation back to the brand and customer. With true global sourcing scale and responsibility, we concentrate to sync process and encourage regular collaboration to source the best Products at a global scale.

Requirements

• 7 years of purchasing and procurement experience, of which at least 2 years is specifically in sourcing or category management.
• Experience working in a fast-paced environment managing multiple projects concurrently.
• Demonstrated record of meeting strict timelines in new product sourcing and development.
• Experience working in an environment where Sourcing is an influencer rather than a decision maker.
• Strong understanding of Sourcing best practices and strategies to execute opportunities for cost savings, risk mitigation and innovation.
• Strong strategic and analytical skills to develop complex, multi-year strategic business plans for innovation in global categories.
• Well-developed understanding of contract and licensing development and negotiation.
• Demonstrated leadership skills with executive presence.
• Recognized business acumen with global savvy and cultural sensitivity.
• Excellent interpersonal and communication skills.
• Strong business ethics.
• B.S. Degree in Business, Accounting, Finance, Supply Chain Management or related field

Responsibilities

• Support Research & Development, Marketing, and Product Innovation partners in conceptualization and development of new products by assessing new and existing supplier’s capabilities, providing formula component costing, commodity expertise, and supply chain risk assessments.
• Develop partnerships with new and existing suppliers to foster product and supply chain innovation and proactively introduce new technologies utilizing key global partners and prospects’ full capabilities
• Lead global cross-functional teams focused on integrating and optimizing the global supply chain for new trademarked ingredients or commodity groups across world-wide locations.
• Contribute to total raw material cost reduction on a regular basis.
• Negotiate and executes supply and trademark licensing agreements with favorable terms to Herbalife.
• Track market conditions for key commodities and work proactively with suppliers and with finished goods manufacturers to minimize potential cost increases and realize potential cost savings.
• Access and engage executive level contacts at suppliers garnering support for mutual global supply chain initiatives and objectives.
• Lead two-way communication with suppliers during new product commercialization to ensure challenges and issues receive appropriate response and resolution.
• Conduct the supplier segmentation process and negotiate global alignment to leverage spend within the multi-year global commodity strategy.

Benefits

• Herbalife offers a variety of benefits to eligible employees in the U.S. (limited to the 50 States and the District of Columbia), which includes Group Health Programs, other Voluntary Benefit Programs, and Paid Time Off.
• Group Health Programs include Medical, Dental, Vision, Health Savings Account (HSA), Flexible Spending Accounts (FSA), Basic Life/AD&D Short-Term and Long-Term Disability, and an Employee Assistance Program (EAP).
• Other Voluntary Benefit Programs include a 401(k) plan, Wellness Incentive Program, Employee Stock Purchase Plan (ESPP), Supplemental Life/Critical Illness/Hospitalization/Accident Insurance, and Pet Insurance.
• Paid time off includes Company-observed U.S. Holidays, Floating Holidays, Vacation, Sick Time, a Volunteer Program, Paid Maternity and Paternity Leave, Bereavement Leave, Personal Leave and time off for voting.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level