Strategic Sourcing Manager

Magnum Venus Products Inc • Lenoir City, TN

1d

About The Position

Magnum Venus Products (MVP) is a global manufacturer of fluid movement and production solutions for industrial applications in composites and adhesives markets. MVP collaborates with its customers to offer tailored production solutions to meter, mix, dispense, and apply materials. For over 80 years, MVP has been a leading equipment provider for the marine, infrastructure, pool and bath, oil & gas, transportation, aerospace, and wind industries.

As a family-owned business, MVP serves its customers and communities with integrity and respect to create a better experience. Our same core values with which the company was founded on 80 years ago continue to guide us today as we create a better experience for our employees, customers, and communities.

MVP proudly offers a competitive medical (partially Company-paid), dental, vision, life and disability plan; 401k retirement plan with a 3% match; Paid Time Off (starting at 13 days per year); 9 Company-paid holidays; and, 2 Floating Holidays.

Job Summary:
The strategic sourcing manager is responsible for developing a resilient and high performing supply base, ensuring cost optimization while proactively building supplier capabilities to meet MVP’s evolving needs. This role will lead the purchasing team who serve as the face of MVP to the suppliers, crafting a dynamic of collaboration and trust through every business interaction. In full partnership with operations, the vision for the strategic sourcing manager is to constantly reassess the role(s) of the supply base and help shape our supply chain to generate sustainable competitive advantage. This role will require an energetic, adaptable, holistic thinker who can drive excellence in execution and help set a leadership tone that supports our culture and core values of Family, Friendly, Forward.

Requirements

• 7+ years of supply chain management experience, including purchasing, procurement, materials and operations management, in an industrial manufacturing environment
• Significant experience leading and developing direct reports
• Bachelor’s Degree in Business Administration, Supply Chain, or similar field. MBA preferred.
• Experience with ERP/MRP programs; implementation experience preferred
• Intermediate to advanced computer skills including proficiency in Microsoft Office required
• Strong analytical skillset including research, data manipulation, and effective communication of insights
• Highly effective interpersonal communication skills including oral and written platforms
• Demonstrated experience across continuous improvement platforms (lean, 6-sigma, ToC, etc.)

Nice To Haves

• MBA preferred.
• implementation experience preferred

Responsibilities

• Leads the strategic sourcing process (category/ subcommodity approach), focusing on cost reduction, capacity management, risk mitigation, and proactive supplier leadership
• Vets key purchasing decisions (e.g. awarding new volume, make vs. buy, etc.)
• Garners key supplier intel (e.g. manufacturing methodologies, 2nd tier suppliers, planning and inventory cycles, overall attractiveness of MVP’s account, etc.)
• Analyzes and right-sizes the supply base, consolidating spend when appropriate
• Partners with engineering and product management to identify supplier integration / ESI opportunities and maximize product margins
• Drives priority cost reduction initiatives
• Owns total cost of ownership (TCO) modeling and implements cost justification requirements
• Leads all PPV and purchased cost tracking activities
• Builds should-cost model tools for priority spend categories / items
• Monitors raw material indices and proactively communicates risk / opportunity
• Partners with Finance team to establish critical purchasing team cost metrics
• Collaborates with suppliers to generate ongoing cost reduction suggestions
• Launches supplier scorecards and metrics and drives supplier improvement priorities
• Uses data to influence suppliers to increase performance
• Helps suppliers achieve “fit” with the right portfolio and MVP support
• Serves as subject matter expert and primary point of contact for supply base opportunities
• Collaborates with operations, planning, and other departments and builds excellent cross-functional relationships
• Leads and teaches root cause analysis / corrective action when supplier issues arise and implements action plans to remediate
• Coaches the purchasing and procurement team across technical purchasing and leadership dimensions

Benefits

• competitive medical (partially Company-paid), dental, vision, life and disability plan
• 401k retirement plan with a 3% match
• Paid Time Off (starting at 13 days per year)
• 9 Company-paid holidays
• 2 Floating Holidays

What This Job Offers

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