Procurement Manager

Verst Careers•Walton, KY

About The Position

As the Procurement Manager, you will be the architect of our company’s first formal Procurement Department. Reporting directly to the SVP of Accounting and Finance, you will transition the organization from decentralized purchasing to a strategic, centralized model. Your mission is to build the framework for vendor management, drive significant cost savings through strategic sourcing, and optimize Coupa (our procurement software) to help ensure fiscal discipline without stifling operational speed.

Requirements

Bachelor’s or higher degree in Finance, business or supply chain is preferred
5+ years in procurement or supply chain management
Highly organized with attention to detail.
Ability to meet assigned deadlines.
Strong analytical skills.
Ability to act and operate independently with a minimal amount of daily direction to accomplish business objectives.
Ability to work cooperatively and collaboratively with all levels of employees and management across the organization
Experience with procurement tools such Coupa is preferred
Proven ability to create order out of chaos and a track record of achieving significant verifiable cost savings
Strong ability to lead a change management structure across the organization to new policies and procedures that will be put in place
The duties and responsibilities listed above are representative of the duties of the position, and do not include all the tasks that the incumbent may be required to perform.
The incumbent must be able to perform all the essential functions of this job, either with or without reasonable accommodation.

Responsibilities

Policy Design
Draft and enforce company-wide purchasing policies, including spending thresholds and approval matrices
Develop new processes to move from a decentralized procurement to a more centralized procurement system
Strategic Sourcing & Negotiation
Conduct a deep dive into historical spend analysis to identify categories for consolidation and cost-reduction initiatives
Build a centralized contract repository, monitor renewals and lead the renegotiation of major vendor contracts
Standardize the request for proposal (RFP) process to ensure competitive bidding and transparency.
Lead the contract review process for vendors and work with senior leadership/legal on contract language issues
Vendor and Stakeholder Management
Act as the primary point of escalation for vendor performance issues
Partner with department heads to understand their needs while educating them on the value of any procurement guardrails put in place
Ensure all vendors meet compliance, insurance and security requirements
Discuss current procurement pain points with operations and identify ways to improve/reduce them, especially with our current software Coupa
Start-up and Project costs
Act as the primary contact responsible for sourcing materials needed for start-ups or specific projects that arise
Help FP&A and solutions identify/determine standard costs that can be used for quoting models or project costs
Procure to Pay Software management
Work with A/P Manager to transition the current vendor onboarding process in Coupa to Procurement department
Provide support to vendors that have any challenges with Coupa onboarding
Work with A/P Manager to help create improved workflows in Coupa to assist end users and make purchasing easier and more efficient while also reducing costs
Establish preferred vendors and drive end users to purchase from them when applicable