Director of Procurement

Who We Are Looking For:

New-Indy is looking for a Director of Procurement to lead and manage the sourcing and procurement functions within the company, ensuring the efficient and cost-effective acquisition of raw materials, components, and services required for the manufacturing process. This strategic leadership role is critical in driving supplier relationships, negotiating favorable contracts, managing procurement strategies, and maintaining a continuous supply of high-quality materials to meet production demands while optimizing costs.

What You Will Do:

Sourcing and Procurement Strategy:

• Develop and implement innovative sourcing and procurement strategies that support New-Indy’s production needs and overall business goals
• Lead the identification, qualification, and selection of suppliers, ensuring alignment with the company’s quality standards, cost objectives, and timelines
• Continuously assess market conditions, supplier capabilities, and material costs to optimize procurement strategies and improve supply chain resilience
• Drive the adoption of best practices in procurement to improve efficiency, reduce lead times, and minimize procurement risks

Supplier Management and Relationship Building

• Build and maintain strong, long-term relationships with suppliers, ensuring high-quality, cost-effective, and timely delivery of goods and services
• Negotiate favorable terms, prices, and contracts with suppliers while ensuring compliance with company policies and industry regulations
• Regularly evaluate supplier performance and address any issues related to quality, delivery, and cost
• Develop contingency plans to mitigate risks related to supplier disruptions, shortages, or geopolitical issues

Contract Management

• Oversee the negotiation, drafting, and management of contracts with suppliers to ensure favorable terms, compliance, and clarity
• Collaborate with legal teams to review and ensure the proper documentation and terms are included in contracts
• Ensure that all procurement contracts meet corporate and regulatory compliance standards
• Monitor contract execution to ensure adherence to terms, timelines, and quality expectations

Cost Management and Budgeting

• Develop and manage procurement budgets, ensuring that procurement activities align with financial objectives and cost-saving goals
• Identify opportunities to reduce costs through strategic sourcing, supplier negotiations, and process improvements without compromising on quality or delivery timelines
• Implement cost control measures and procurement metrics to assess the effectiveness and efficiency of sourcing and procurement activities
• Perform cost and scenario analysis, and benchmarking for the company

Supplier Risk Management and Compliance

• Research and anticipate shifts in the negotiating power of suppliers
• Identify, assess, and manage risks related to sourcing, supplier relationships, and procurement, including market fluctuations, supplier financial stability, and geopolitical risks
• Ensure that all sourcing and procurement activities comply with company policies, industry standards, and regulatory requirements.
• Stay informed about industry trends, sourcing technologies, and procurement innovations to drive continuous improvement
• Monitoring for contract breaches and developing response plans to ensure compliance with original terms are achieved

What You Will Need

• Bachelor’s degree in Business Administration, Supply Chain Management, Engineering, Legal Studies, or related field (Master’s preferred)
• 10 years of experience in sourcing and procurement, preferably in manufacturing or packaging with at least 5 years in a leadership role
• Professional certifications such as CPSM (Certified Professional in Supply Management), CPM (Certified Purchasing Manager), or equivalent are preferred
• Deep understanding of contract law and best practices
• Exceptional negotiation, communication, and contract management skills
• In-depth knowledge and understanding of sourcing strategies, procurement best practices, and supplier relationship management
• Proficiency with procurement software (e.g., ERP systems, e-sourcing tools)
• Excellent leadership and team management abilities
• Strong proven analytical skills and sound business judgement, with the ability to use data to drive decision-making
• Knowledge of manufacturing processes and the materials required for production
• Understanding of international trade regulations and global sourcing practices
• Excellent verbal and written communication, project management, and analytical skills

What You Should Know

• This role will typically involve a mix of office work and on-site interactions with manufacturing facilities
• 25% minimum travel required to work directly with manufacturing locations across the US