DIRECTOR OF PROCUREMENT

We are seeking an experienced and detail-oriented individual to join our team as the Director of Procurement. In this leadership role, the Director or Procurement will lead Procurement strategy development, sourcing, and supplier management for direct and indirect goods. The Procurement Director will report directly to the VP, Operations.

Responsibilities:

Strategic Procurement Leadership:

• Develop and drive a multi-year Procurement strategy roadmap focusing on cost savings, secondary sources of supply, and building strategic partnerships.

• Create value and drive margin through innovative cost savings initiatives. This can be through pricing negotiations, request for proposals (RFPs), supplier portfolio management, specification / formulation optimization, and logistics efficiencies.

• Lead the procurement team in achieving established cost savings goals, improving efficiencies, and ensuring quality and compliance.

• Establish and maintain procurement policies, procedures, and best practices.

• Prepare weekly spend reporting and coordinate with accounting staff for timely vendor invoice payments.

• Communicate procurement strategies, performance, and cost-saving initiatives weekly to senior management and relevant stakeholders.

Supplier Relationship Management:

• Cultivate and maintain strategic relationships with key suppliers and vendors.

• Negotiate pricing, contracts, and terms with suppliers to optimize value and mitigate risks.

• Manage supplier contracts throughout their lifecycle, including negotiation, renewal, and termination.

• Process purchase orders; develop bids and proposals; and reconcile any invoice discrepancies as needed.

• Monitor supplier performance and implement continuous improvement initiatives.

Strategic Sourcing:

• Manage sourcing requests for new products and services as needed.

• Research and evaluate prospective vendors to compare pricing and services.

• Complete special sourcing projects as required by R&D, Operations or Business Development.

Supply Chain Optimization:

• Collaborate with cross-functional teams to review demand, optimize inventory levels, and ensure timely delivery of materials and goods.

• Identify opportunities to streamline supply chain processes and enhance operational efficiency.

• Implement risk management strategies to mitigate supply chain disruptions.

Team Leadership and Development:

• Provide leadership and guidance to the procurement team, fostering a culture of accountability, collaboration, and continuous learning.

• Develop and mentor team members to enhance their skills and capabilities.

• Establish performance goals and conduct regular performance evaluations.

Compliance and Governance:

• Ensure compliance with legal, regulatory, and ethical standards in procurement practices.

• Establish and monitor internal controls to safeguard procurement processes and mitigate risks.

Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.

• Proven experience in procurement leadership roles, with a minimum of 5 years in a managerial capacity.

• Strong negotiation skills and the ability to influence and build consensus with internal and external stakeholders.

• Deep understanding of procurement best practices, contract management, and supplier relationship management.

• Excellent analytical and problem-solving abilities, with a focus on data-driven decision-making.

• Strong leadership and team-building skills, with the ability to inspire and motivate others.

• Proficiency in procurement software and tools, as well as Microsoft Office Suite.

• Certification in procurement (e.g., CSCP, CPSM) is a plus.

Job Type: Full-time

Pay: $110,000.00 - $120,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Experience:

• Procurement: 5 years (Required)

Work Location: In person