Director, Strategic Sourcing and Procurement

LCI Brand•Durham, NC

7d•Hybrid

About The Position

The Director, Strategic Sourcing and Procurement is responsible for developing and executing enterprise-wide sourcing and procurement strategies that optimize cost, quality, risk, and supplier performance. This role provides leadership across sourcing, supplier relationship management and procurement operations to support business objectives, ensure supply continuity, and drive sustainable value creation.

Requirements

Bachelor’s degree in Supply Chain Management, Business, Finance, Engineering, or related field
10+ years of progressive experience in strategic sourcing and procurement
5+ years in a leadership-level role.
Proven track record of delivering measurable cost savings and value creation.
Experience managing large, complex supplier portfolios
Must have strong PC skills, specifically in Excel, Access, and/or Power BI.
Have a thorough understanding of product price and its relationship with product cost in order to develop sourcing and procurement policy recommendations.
Be able to analyze and interpret contracts.
Must have excellent reasoning and critical thinking skills as well as extreme attention to detail.
Excellent leadership, communication, negotiating and stakeholder management skills.
Must have advanced analytical and financial acumen.

Responsibilities

Strategic Sourcing and Category Management
Procurement Operations
Supplier Management and Risk
Leadership and Collaboration
Analytics and Technology
Oversee category management across direct and/or indirect spend (e.g., materials, services, logistics, capital)
Drive total cost of ownership (TCO) analysis and value engineering initiatives
Responsible for procurement of manufacturing raw materials for all plant locations.
Work environmental/safety ensure receipts of Material Safety Data information and other certifications of materials and suppliers.
Establish and enforce procurement policies, procedures, and governance frameworks
Partner with Finance to support budgeting, forecasting, and cost management
Build and maintain strategic supplier relationships and performance management programs
Lead supplier negotiations to secure favorable commercial terms and mitigate risk
Monitor supplier risk, continuity, regulatory adherence and ethical practices
Drive supplier innovation and continuous improvement initiatives
Lead, mentor, and develop sourcing and procurement teams
Collaborate cross-functionally with Operations, IT, Quality, Finance, and business units
Serve as a trusted advisor to executive leadership on sourcing and procurement strategy
Leverage data analytics to track spend, savings, performance, and compliance
Champion procurement systems and digital tools (ERP, e-sourcing, contract management)
Establish KPIs and dashboards to measure sourcing effectiveness and value delivery
Responsible for establishing minimum and maximum inventory levels and complying with these limits.
Understanding trends in the Company and industry performance and relate them to the performance of assigned markets.
Interacting with other market development professionals to gather market data.
Review proposed discount programs and determine potential impact on revenues/sales and report findings to manager.
Develop revenue forecasts for assigned markets.
Establish and maintain multiple price levels for manufacturing, distribution, and retail markets.
Oversees data integrity projects to ensure all data is accurate.
Communicates product changes, adds and deletes to internal customers.
Other duties and projects as assigned.