Procurement Director

F1 Arcade • Chicago, IL

1d • Remote

About The Position

The Procurement Director is responsible for leading the strategic sourcing, supplier management, commercial optimization, and procurement transformation agenda across F1 Arcade globally. The role will develop and implement a procurement function that delivers measurable value through cost optimization, supplier innovation, risk management, governance, and operational excellence across all markets. As F1 Arcade continues its international expansion, the Procurement Director will establish scalable procurement frameworks, category strategies, supplier governance models, and sourcing processes that support growth while maximizing commercial value and mitigating risk. A key component of the role will be driving procurement maturity across the business, embedding category management disciplines, enhancing supplier performance management, improving spend visibility, and positioning procurement as a strategic business partner across the organization. Reporting to the Chief Financial Officer, the role will work closely with Executive Leadership, Operations, Finance, Development, Legal, Technology, Marketing, and People teams to ensure procurement strategies support F1 Arcade's growth ambitions and long-term business objectives.

Requirements

• 10+ years of value-driven procurement and strategic sourcing experience within a complex, multi- site, international
• Significant experience developing and implementing category strategies across multiple spend
• Proven success leading procurement transformation and maturity improvement
• Demonstrated experience delivering substantial cost savings, supplier optimization, and value creation
• Strong commercial negotiation, contract management, and supplier governance
• Experience supporting high growth, multi-location businesses, ideally within hospitality, leisure, entertainment, retail, or consumer-facing sectors.
• Exceptional stakeholder management skills with experience influencing senior executives and board-level

Nice To Haves

• Bachelor's degree in supply chain management, Business, Finance, or related
• MCIPS, CIPS, CPSM, ISM, or equivalent professional procurement
• Experience supporting international expansion and development
• Experience within hospitality, entertainment, experiential brands, or food and beverage
• Experience operating within privately backed or rapidly scaling

Responsibilities

• Develop and implement global category strategies across all major spend
• Establish and lead a structured category management framework, including spend analysis, supplier segmentation, sourcing pipelines, risk assessment, and performance measurement.
• Build a multi-year procurement and sourcing roadmap aligned to F1 Arcade's global growth
• Identify opportunities for supplier consolidation, demand management, cost optimization, and service improvement across all
• Leverage market intelligence and industry trends to deliver innovation, competitive advantage, and enhanced supplier value.
• Ensure procurement activities and supplier agreements align with Formula 1 licensing requirements, strategic partner obligations, brand standards, and contractual commitments.
• Establish best-practice procurement processes, governance frameworks, policies, and
• Implement category management methodologies, supplier relationship management programs, and contract lifecycle management
• Drive adoption of procurement technologies, spend analytics tools, reporting capabilities, and sourcing
• Improve procurement visibility, compliance, commercial discipline, and decision-making across the
• Develop and maintain procurement policies and procedures that support a scalable global operating
• Lead complex sourcing initiatives, supplier selection exercises, and commercial negotiations for strategic and high-value spend
• Deliver measurable cost savings, cost avoidance, working capital improvements, and value creation
• Negotiate and implement robust commercial agreements, service level agreements, performance frameworks, and risk mitigation
• Ensure contractual arrangements support operational requirements, scalability, compliance, and long-term business
• Develop and manage strategic supplier partnerships across global
• Establish supplier governance frameworks including performance scorecards, quarterly business reviews, executive supplier forums, and innovation
• Collaborate with suppliers to drive continuous improvement, innovation, sustainability, and enhanced customer experiences.
• Monitor supplier performance, financial stability, compliance, and business continuity
• Create a supplier ecosystem capable of supporting rapid international growth and operational
• Partner with Commercial, Marketing, and Legal teams to ensure suppliers support the delivery of Formula 1 partner activations, sponsorship commitments, and licensed brand requirements across all
• Partner with Development and Construction teams to support global venue expansion
• Lead sourcing strategies and supplier selection for construction, fit-out, FF&E, technology infrastructure, and operational readiness
• Ensure procurement activities support project timelines, budget objectives, and quality
• Develop scalable supplier partnerships capable of supporting multi-region expansion
• Act as a trusted commercial advisor to the Executive Leadership Team and senior
• Partner with Finance, Legal, Operations, Marketing, Technology, Development, and People teams to develop sourcing strategies and commercial
• Support business cases, investment decisions, and strategic initiatives through commercial analysis and procurement
• Promote procurement as a strategic business partner that drives value beyond traditional cost
• Build a culture of commercial accountability, supplier governance, and value-driven decision- making throughout the
• Define performance metrics and objectives that align procurement outcomes with business
• Collaborate closely with Commercial, Marketing, and Legal teams to embed Formula 1 partner obligations, sponsorship requirements, and brand standards into sourcing strategies, supplier selection, and contract

Benefits

• Ability to travel globally up to 70% of the
• Ability to work a minimum of 40 hours per week, with flexibility to support global business operations across multiple time
• Ability to consistently demonstrate F1® Arcade Core Values; Pursuit of Excellence Positive Energy Integrity Team Spirit

What This Job Offers

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