Procurement Manager

Cronos Group Inc.•Stayner, ON

1d•$100,000 - $125,000•Onsite

About The Position

Cronos Group is seeking a Procurement Manager to oversee the sourcing and purchasing of materials and supplies for their cannabis goods manufacturing operations. The ideal candidate will possess a deep understanding of procurement processes, supply chain management, and the specific requirements of the cannabis industry, with a preference for existing contacts within the industry. This role requires close collaboration with supply and demand planning teams, as well as the new product introduction team, to ensure accurate and timely contracting for new projects, expediting when necessary, and maintaining sufficient supply to meet business demands. The Procurement Manager will lead supply assurance efforts and drive financial value through cost savings and value optimization projects. Given Cronos Group's fast-paced environment and the industry's rapid growth, the role demands flexibility and readiness to support new product launches. This position reports to the Director of Procurement and is based in Stayner, ON.

Requirements

7-10 years as a Procurement Manager or similar role, preferably in the cannabis industry or a regulated sector.
College degree required, ideally focus on Supply Chain Management, Business Administration, Finance, or a related field.
Strong knowledge of procurement principles, supply chain management, and vendor negotiation.
Familiarity with cannabis industry regulations and compliance requirements.
Excellent communication, negotiation, and interpersonal skills.
Proficiency in SAP and Microsoft Office Suite
Ability to work in a fast-paced environment across multiple workstreams.
Strong business acumen, analytical and problem-solving capabilities.
Exceptional organizational skills and attention to detail is required.
Highly effective written and oral communication skills with ability to present complex information to varied audiences.
Knowledge of sourcing fundamentals and ability to lead RFP’s with tight deadlines.

Nice To Haves

Relevant certifications (e.g., CPP, CPSM) are a plus.
Ideally have contacts in the cannabis industry.

Responsibilities

Develop and implement procurement strategies to ensure timely and cost-effective acquisition of materials.
Identify and evaluate potential suppliers, negotiate contracts, and establish long-term relationships to ensure supply stability and quality.
Manage vendor performance, conduct regular assessments, and address any issues related to quality, delivery, or compliance.
Continuously monitor inventory levels to ensure optimal stock availability and minimize both stockouts and excess inventory.
Implement inventory optimization techniques to balance stock levels with production schedules and demand patterns, aiming to reduce carrying costs and improve cash flow.
Ensure all procurement activities comply with industry regulations, including cannabis-specific requirements.
Stay updated on regulatory changes and incorporate necessary adjustments into procurement practices.
Lead all RFPs and cost/contract negotiations for cannabis biomass, oils, extracts, as well as contract manufacturing services for gummy co-packing, preroll manufacturing, and/or vape formulations and filling.
Analyze market trends and pricing to make informed purchasing decisions that balance cost and quality.
Drive 10% year over year savings on all categories managed and track and report on cost savings and efficiencies.
Build and maintain strong relationships with suppliers and manufacturers.
Source and develop preferred suppliers by category.
Address and resolve any supplier-related issues, including disputes and discrepancies.
Work closely with the new product introduction, supply chain, production, quality assurance, and R&D teams to align procurement activities with manufacturing needs and product development timelines and goals.
Participate in cross-functional meetings to ensure seamless integration of procurement activities into overall business operations.
Prepare and present regular reports on procurement metrics, supplier performance, and inventory status.
Analyze procurement data to identify trends, opportunities for improvement, and potential risks.
Update and manage a supplier database to track vendor performance and contact info.
Collaborate with project managers and cross-functional teams to define procurement requirements for new projects, including timelines, specifications, and budgetary constraints.
Lead the vendor selection process for new projects, including issuing RFPs (Request for Proposals), evaluating bids, and negotiating contracts to secure favorable terms.
Manage procurement deliverables to ensure that materials and supplies are acquired on schedule and meet project specifications.
Coordinate with suppliers to track delivery timelines and address any delays or issues.
Work closely with project teams to align procurement activities with project milestones and ensure that procurement activities support project timelines and goals.