Vice President, Global Sourcing

Velcro Companies • Manchester, NH

81d

About The Position

The Vice President of Global Sourcing provides strategic leadership and direction for the company’s global sourcing, procurement, and supplier management functions. This role ensures cost-effective, ethical, and sustainable sourcing strategies that support organizational goals, strengthen supplier partnerships, mitigate risk, and drive competitive advantage. This role will develop a high-performing sourcing organization that regularly delivers on value, innovation and quality across all categories/regions worldwide. This position will lead a team of thirteen (13) professionals. As the VP of Global Sourcing, you will be knowledgeable of Velcro input materials and critical indices. The incumbent will be responsible for building multi-year, multi category strategies which manifest into formal agreements that drive meaningful P&L impact. This position is expected to contribute to the organization’s thought leadership in the respective categories and to ensure Company executes on global sourcing initiatives.

Requirements

• Bachelor’s degree in supply chain management, Business Administration, Engineering, or related field (MBA preferred).
• 15 years of progressive experience in global sourcing, procurement, or supply chain management, with at least 7 years in senior leadership roles.
• Demonstrated strong Operation, Project Management, Finance and Strategic Planning knowledge in building business units and product category strategies.
• Proven experience as a business executive with sound management skills and experience managing metric-oriented performance objectives.
• Proven track record of negotiating and managing complex global supplier agreements and partnerships.
• Experience in Strategic Sourcing of commodities, raw material, and finished goods is preferred.
• Experience in a continuous improvement environment with a successful YOY track record.
• Experience operating successfully in an agile, highly matrixed environment.
• Experienced in team building and management of direct/indirect reports.
• Experience in multicultural negotiations, contracting and supplier management activities required.
• Experience in leading large, global complex supply management solution projects required.
• Strong financial acumen with the ability to develop and manage budgets, forecasts, and business cases.
• Excellent leadership, communication, and influencing skills with the ability to operate across cultures and geographies.
• Strong change-management skills, able to lead transformation initiatives in fast-paced, dynamic environments.
• Strategic thinker with demonstrated ability to deliver cost savings, supplier innovation, and operational efficiencies.
• Strong MS Office Skills (Outlook, PowerPoint, Excel, Word).
• Ability to travel, both domestic and internationally; up to 20%.

Nice To Haves

• LEAN and Kaizen experience.
• Continuous improvement, Six Sigma concepts & methodologies, and work experience as a leader with excellent negotiation skills.
• Oracle or equivalent ERP experience.

Responsibilities

• Develop and execute the company’s global sourcing and procurement strategy aligned with overall business objectives.
• Identify and pursue opportunities to optimize total cost of ownership, improve supply chain efficiency, and strengthen supplier relationships.
• Build and lead a global sourcing team capable of supporting current and future business growth.
• Collaborate well with suppliers and internal customers.
• Continue to develop/enhance global metrics and KPI measuring tools for the betterment of the company.
• Lead, monitor, coach Sourcing team on all critical Sourcing KPI’s and initiatives/projects.
• Keep current on category market, cost drivers, mega trends, and economic outlook to guide category strategies.
• Manage supporting personnel in the execution of the multi-step strategic sourcing process.
• Support strategy development and negotiations for all major global business agreements.
• Establish a robust global supplier selection, evaluation, and performance management framework.
• Negotiate global contracts that secure favorable terms, mitigate risks, and ensure compliance with regulatory, ethical, and sustainability standards.
• Drive global supplier innovation in product development, technology, and supply chain resilience.
• Partner with internal stakeholders to align sourcing strategies with organizational needs.
• Implement best-in-class sourcing processes, tools, and analytics to enhance decision-making and visibility across the supply base.
• Ensure continuity of supply and proactively manage global risks including geopolitical, financial, and operational challenges.
• Lead the deployment of KPI’s that define performance targets aligned with the financial and supply chain performance goals of the company.
• Lead the implementation of Supply Chain Financing solutions to extend payment terms aligned with company goals across the supplier base.
• Ensure adherence to company policies, legal requirements, and industry standards across all sourcing activities.
• Champion sustainability, diversity, and corporate social responsibility within the global supply chain.
• Monitor and report on sourcing performance, cost savings, and risk metrics to senior leadership and the board.

Benefits

• Medical and Prescription Coverage (HSA and HRA Options)
• Dental Coverage
• Vision Coverage
• Flexible Spending Accounts
• Award Winning Wellness and Incentive Program
• Life Insurance
• Short- and Long-Term Disability
• Business Travel Accident Insurance
• Voluntary Accident & Critical Illness Insurance
• EAP (Employee Assistance Program)
• Retirement Savings Plan
• 401(k) Saving Plan with generous 5.5% Company match and Immediate Vesting
• Paid Vacation Time
• Paid Sick Time
• Paid Parental Leave
• 13 Paid Company Holidays
• Tuition Reimbursement Program
• Financial Wellness Benefit – Smart Dollar®
• Employee Recognition Programs
• Employee Resource Groups
• Charitable or Educational Matching Gift Program
• Employee Referral Bonus Program

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: Bachelor's degree