Procurement & Strategic Sourcing Manager
About The Position
The Procurement & Strategic Sourcing Manager will have full ownership of Velocity's purchasing and strategic sourcing function. This is not a transactional purchasing position. We are looking for a proven procurement leader capable of rebuilding processes, developing buyers, negotiating sophisticated supplier agreements, establishing vendor-management systems, reducing supply risk, and creating a professional procurement organization. The successful candidate must be equally comfortable negotiating a multimillion-dollar supplier agreement, sourcing a difficult-to-find component, reviewing machining costs, developing an overseas supplier, and sitting beside a buyer teaching them how to negotiate a purchase order. This individual will have significant autonomy to redesign the department.
Requirements
- 10+ years of manufacturing procurement/supply-chain experience.
- Significant leadership experience developing buyers.
- Strategic sourcing and supplier-development experience.
- Contract and commercial negotiation expertise.
- Domestic and international sourcing experience.
- Experience sourcing machined and fabricated components.
- Strong understanding of manufacturing processes and cost drivers.
- ERP/MRP expertise; NetSuite experience preferred.
- Demonstrated cost savings and supplier-performance improvement.
- Experience creating procurement processes, KPIs and SOPs from the ground up.
- Must have built or transformed a procurement organization.
- Experience walking into imperfect environments, building the system and making the organization better.
Nice To Haves
- NetSuite experience
Responsibilities
- Lead, coach and develop Velocity's purchasing team.
- Establish clear buyer responsibilities, commodity ownership and purchasing standards.
- Personally train buyers in negotiation, sourcing, supplier management, commercial analysis and PO management.
- Establish purchasing SOPs, approval structures and escalation processes.
- Build a disciplined daily and weekly management cadence.
- Develop domestic and international sourcing strategies.
- Identify and qualify alternate suppliers for critical and high-risk components.
- Source fabricated, machined, cast, forged, electrical, mechanical and automotive components.
- Develop overseas sourcing relationships where commercially and operationally appropriate.
- Evaluate make-versus-buy opportunities and support outsourcing of machining, fabrication and other manufacturing processes.
- Lead commercial negotiations with key suppliers.
- Negotiate pricing, payment terms, lead times, freight terms, tooling ownership, warranty obligations, minimum-order quantities and long-term supply agreements.
- Understand and negotiate PO terms and conditions.
- Develop RFQ/RFP processes and competitive sourcing events.
- Establish annual cost-reduction targets.
- Segment Velocity's supplier base by spend, criticality and risk.
- Establish supplier scorecards covering quality, cost, delivery and responsiveness.
- Conduct regular business reviews with key suppliers and develop corrective-action plans for underperforming suppliers.
- Reduce single-source and long-lead-time risk.
- Partner closely with Supply Chain Management and Production Planning to ensure material availability.
- Use MRP/ERP data to proactively identify future shortages.
- Drive supplier commitments against production requirements.
- Eliminate dependence on last-minute expediting and firefighting.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
