The Director of Procurement is responsible for the company’s strategic sourcing and procurement function, including acquisition of all materials, equipment, and services.
Duties include management of raw component inventory, finished goods inventory, expenses, and vendors through KPI development and measurements. The Director of Procurement will be responsible to scope and conduct a full management of the P2P cycle.
To perform this job successfully, an individual must be able to perform all essential job duties satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required.
Strategic Procurement – to secure annual cost-savings targets:
- Perform market and supplier analyses, facilitate the bid/proposal process, develop, and use supplier evaluation criteria, negotiate prices and contract terms and amendments
- Collaborate with internal stakeholders to understand business needs
- Support national/regional sourcing strategies
- Develop and execute RFIs and RFPs for sourcing initiatives
Supplier Management – to maximize the value of every partnership:
- Monitor and evaluate supplier performance, including service level agreements, alternative supplier options, KPIs and process/cost improvements
- Develop and maintain suppliers capable of meeting/exceeding quality, cost, timing, technology, and service requirements
- Interface with existing and prospective suppliers to understand all offerings
- Support company target objectives by ensuring supplier commitment to quality improvement programs and cost reducing initiatives
Inventory Management – to reduce costs:
- Establish and deploy strategies for inventory optimization and replenishment including finish goods
- Ensure proper finished good inventory levels and the avoidance of Out of Stocks
- Drive process improvement for internal efficiencies
- Value Stream Mapping of our entire supply chain to ensure we are producing in the right locations to meet customer demand
- Purchasing Compliance Management – to reduce waste:
- Define improvements to process and technology and partner with Accounting and IT to execute improvements
- Drive cost savings vs. approved baselines
- Manage contract compliance for all external purchases; monitor product quality and file claims for damaged/short deliveries
- Develop reporting metrics on spend/contract compliance and communicate results
- Uphold internal and external policies, regulations, laws
- Contract Management – to maximize value and reduce risk:
- Maintain company contract repository and supplier listings
- Develop strategy to notify internal stakeholders of impending contract expiration dates and prioritize timing of renegotiation, extension, or cancellation
- Collaborate with the Legal Department on contract terms
Demand Management – to reduce cost:
- Internal benchmarking of finished goods inventory and raw component levels based on consumption to understand the variance between locations
- Project Management Office Lead
- Lead and Assist with Strategic Projects within the business
- Align the business on the critical KPI’s that measure the success of the projects within the Project Management Office.
- This job requires an individual to develop a decentralized Supply Chain Process to enable our field leadership to make the right business decisions and reduce cost and business complexity.
- Perform other duties as assigned by management.
Required Knowledge and Skills:
- Bachelor’s degree preferred
- Minimum 5 years experience in procurement, logistics, inventory management, sourcing, and supplier management
- Minimum 5 years experience preparing RFI’s, RFP’s and bid agreements and negotiating with suppliers, subcontractors and/or customers
- Proficient in analyzing and reengineering Procure-to-Pay processes
- Proven experience and capability to develop KPIs for key processes and ability to drive positive performance
- Advanced analytical skills and proficiency with MS Office (specifically in Excel and PowerPoint)
- APICS certification preferred