Our client is a nutraceuticals company based in Salt Lake City, UT.
They seek an adept Global Sourcing and Procurement Director to oversee the selection, evaluation, and negotiation of contracts with international suppliers. Ideal candidates will possess a proven track record of fostering robust relationships with global suppliers, managing the entirety of the global procurement process from requisition to contract negotiation. They will be tasked with devising and executing procurement strategies in alignment with organizational objectives, identifying avenues for process optimization, cost reduction, and efficiency enhancement.
Responsibilities entail vigilant monitoring of procurement budgets, tracking expenses, and identifying opportunities for cost-saving. Market research and analysis will be conducted to ascertain trends, pricing dynamics, and sourcing strategies to optimize procurement endeavors. Moreover, mitigating procurement-related risks such as supply chain disruptions, quality concerns, and compliance issues will be crucial, alongside the formulation and implementation of contingency plans to ensure seamless procurement operations.
Key Responsibilities:
Sustainable Sourcing Skills:
- Develop and implement a Sustainable Sourcing 3-year Roadmap.
- Translate corporate sustainability goals into action.
- Partner with global and regional vendors to achieve sustainability objectives.
Cost Saving Negotiating Skills:
- Identify and implement cost savings in non-production items.
- Negotiate centrally on behalf of company for regional offices and Business Units.
- Address the current gap in purchasing NPIs.
Leading Negotiation Skills with Financial and Legal Acumen:
- Translate financial and supply chain goals into contract legal terms.
- Combine negotiation prowess with financial and legal expertise.
Industry Expertise:
- Leading knowledge in the nutritional supplement industry.
- Familiarity with key players in both botanical and non-botanical sectors.
Pragmatic Approach and Data Analytics:
- Build new business processes pragmatically.
- Comfortable with data analytics tools like ERP, EDI, and statistics.
Relationship Management and Market Research:
- Manage and cultivate relationships with a large portfolio of suppliers and global manufacturers.
- Anticipate shifts in global market needs for specific suppliers.
Procurement Strategy Development:
- Develop and implement forward-thinking procurement strategies.
- Optimize spending, minimize risk, and generate savings.
Team Development and KPIs:
- Develop the Procurement team.
- Assess team competencies and hire, develop, and retain high-performing members.
- Establish KPIs for strategic sourcing to drive continuous improvement.
