What are the responsibilities and job description for the Sr Director Sourcing position at Stoughton?
Strategic Leadership
- Develop and implement a global sourcing strategy aligned with business objectives.
- Identify opportunities for cost reduction, value creation, and supplier-driven innovation.
- Analyze industry trends and evolving technology to proactively identify supply base issues to minimize risk, protect continuity of supply, and utilize emerging opportunities for the betterment of the organization. Monitor and report on trend analysis.
- Participate in Make/Buy Analysis on continual basis to identify and optimize savings opportunities.
- Commodity Management guidance: Train and provide tools to support new strategy roll out. Lead Ideation workshops to review current state and future trends to fully support strategies.
- Act as a center of excellence for the respective commodities through complete understanding of industry, competition, future technologies and innovations.
- Lead creation and execution of commodity strategies (primary and secondary) that align with the directives of the organization and with respect to risk, quality, delivery and cost.
Supplier Management
- Establish and maintain strategic relationships with key suppliers.
- Identify and develop supplier relationships with a strong focus on flexibility/agility, quick response times, process flow efficiency, product quality, on time delivery, distribution excellence and supplier reliability.
- Develop and execute supplier contracts/agreements in alignment with the financial objectives of the organization that will ensure supplier performance excellence.
- Develop and track CI improvement targets for current and new suppliers to achieve world-class cost, quality, service and delivery levels. Help to identify and implement to achieve cost savings opportunities.
Risk Management
- Assess and mitigate supply chain risks, including geopolitical, financial, and operational risks.
- Develop contingency plans for critical supply disruptions.
Cross-Functional Collaboration
- Partner with Engineering, Operations, and Finance to ensure sourcing strategies support product development and profitability.
- Drive sustainability and compliance initiatives across the supply base.
Team Development
- Foster a culture of accountability, innovation, and collaboration.
- Provide leadership to direct reports in the execution of work plans and short/long term goals. Set, implement department goals in alignment with Global Procurement and Supply Chain goals.
- Create and lead a team of dynamic Sourcing professionals that create/develop, implement and manage various commodity strategies while mitigating risk, improving quality and lead time while reducing cost. Manage team to execute value optimization as well as innovation.
Above is a list of the most important responsibilities and functions, which are essential to the position. Employees must be able to perform these essential functions satisfactorily with or without a reasonable accommodation. Accommodations will be evaluated and provided to eligible employees on a case by case basis, depending on the employee's medical restrictions, work availability, the nature of the position, the position's essential functions and other relevant factors.
Experience:
- 12 years in procurement/sourcing, with at least 5 years in a senior leadership role within a global manufacturing environment.
- Proven track record of delivering commodity strategies, cost savings and supplier innovation.