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Director of Procurement

Position Overview:

The Director of Procurement will lead the strategic and operational aspects of centralized purchasing activities. This role is responsible for developing procurement strategies, managing supplier relationships, ensuring compliance with policies and regulations, and driving cost efficiency without compromising quality or service. A key component includes integrating new acquisitions into centralized procurement processes while fostering category management capabilities. Collaboration with internal teams, including finance, sales operations, risk/safety, legal, and M&A integration, is vital for maintaining alignment with organizational objectives.

Key Responsibilities

Strategic Procurement Leadership

• Design and execute procurement strategies to ensure the cost-effective and timely acquisition of goods and services.
• Evaluate market trends to identify risks, opportunities, and innovative procurement solutions.
• Align sourcing strategies with the company’s goals and long-term growth objectives.

Supplier Relationship Optimization

• Build and maintain strong partnerships with suppliers to ensure consistent quality, competitive pricing, and reliable delivery.
• Lead contract negotiations to secure optimal pricing and terms that enhance organizational value.
• Oversee supplier performance, ensuring adherence to quality and service standards.

Cost Optimization and Efficiency

• Drive cost-saving initiatives without compromising quality standards.
• Analyze purchasing patterns to identify opportunities for improvement and increased efficiency.
• Manage and monitor the procurement budget to align with financial targets.

Team Development and Leadership

• Inspire, mentor, and lead the procurement team to achieve exceptional performance.
• Set clear performance objectives and provide regular coaching and feedback.
• Oversee recruitment, training, and professional development to strengthen team capabilities.

Risk Mitigation and Compliance

• Ensure all procurement activities comply with internal policies and external regulations.
• Develop and implement contingency plans to address potential supply chain disruptions.
• Collaborate with legal teams to ensure contracts meet regulatory and contractual standards.

Vendor and Contract Oversight

• Negotiate and manage procurement contracts to secure favorable terms and conditions.
• Maintain a comprehensive repository for all contract documentation, ensuring accessibility and updates.
• Track and renew contracts proactively to maintain seamless vendor relationships.

Performance Monitoring and Reporting

• Measure and track procurement performance against KPIs such as cost savings and supplier reliability.
• Deliver actionable reports on procurement activities, identifying performance gaps and growth opportunities.
• Leverage data insights to refine and enhance procurement strategies.

Qualifications

Educational Background and Experience

• Bachelor’s degree in engineering, supply chain management, business administration, or a related discipline (master’s degree preferred).
• 8-10 years of procurement experience, including 3+ years in a strategic leadership capacity.
• Relevant certifications (e.g., CPSM, CPPM, CPP) are a strong advantage.

Key Competencies and Skills

• Proven ability to lead and inspire teams while driving results.
• Deep expertise in supplier negotiations, vendor management, and contract administration.
• Strong knowledge of procurement processes, risk management, and supplier relationship management.
• Hands-on experience with ERP systems such as Oracle, SAP, or NetSuite.
• Exceptional communication, analytical, and problem-solving skills.

Performance Metrics (KPIs)

• Cost savings achieved against annual procurement goals.
• Supplier performance metrics (e.g., quality, cost, and delivery timelines).
• Efficiency in mergers and acquisitions (M&A) integration processes.
• Positive operational and financial impacts derived from procurement activities.
• Team engagement, development, and retention rates.
• Compliance with procurement policies and regulatory standards.

This role offers an exciting opportunity to transform procurement operations and contribute to the organization’s growth by driving strategic sourcing, cost efficiencies, and supplier innovation.

#LI-MB1

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Director of Procurement

**Position Overview**:

The Director of Procurement will lead the strategic and operational aspects of centralized purchasing activities. This role is responsible for developing procurement strategies, managing supplier relationships, ensuring compliance with policies and regulations, and driving cost efficiency without compromising quality or service. A key component includes integrating new acquisitions into centralized procurement processes while fostering category management capabilities. Collaboration with internal teams, including finance, sales operations, risk/safety, legal, and M&A integration, is vital for maintaining alignment with organizational objectives.

**Key Responsibilities**:

**Strategic Procurement Management**:
– Develop and implement strategies to secure cost-effective and timely acquisition of goods and services.
– Analyze market trends to identify risks, opportunities, and innovative solutions.
– Align sourcing strategies with organizational goals and growth plans.

**Supplier Relationship Management**:
– Cultivate strong relationships with suppliers to ensure quality, competitive pricing, and timely delivery.
– Negotiate contracts and pricing agreements that maximize organizational value.
– Monitor supplier performance and enforce compliance with quality and service standards.

**Cost Management and Efficiency**:
– Identify and implement cost-saving measures while maintaining quality.
– Analyze spending patterns for improvement opportunities.
– Oversee the procurement budget to align with financial goals.

**Team Leadership and Development**:
– Lead, mentor, and develop the procurement team to achieve high performance.
– Establish performance goals and provide regular coaching and feedback.
– Manage hiring, training, and professional development of staff.

**Risk Management and Compliance**:
– Ensure procurement activities adhere to internal policies and external regulations.
– Develop contingency plans to mitigate supply chain disruptions.
– Collaborate with legal teams to meet contract and regulatory standards.

**Vendor and Contract Management**:
– Negotiate and manage procurement contracts to secure favorable terms.
– Maintain a centralized repository for accessible and updated contract documentation.
– Monitor and renegotiate contract renewals as necessary.

**Data Analysis and Reporting**:
– Track procurement KPIs such as cost savings and supplier performance.
– Provide leadership with reports on procurement performance and opportunities.
– Use data-driven insights to optimize procurement strategies.

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**Qualifications**:

**Education and Experience**:
– Bachelor’s degree in engineering, supply chain, business administration, or a related field (master’s degree preferred).
– 8-10 years of procurement experience, including 3+ years in strategic leadership.
– Professional certifications (e.g., CPSM, CPPM, CPP) are preferred.

**Skills and Competencies**:
– Strong leadership and team management abilities.
– Expertise in negotiation, vendor relations, and contract management.
– Proficiency in procurement processes, supplier management, and risk mitigation.
– Familiarity with ERP systems such as Oracle, SAP, or NetSuite.
– Excellent communication and problem-solving skills.

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**Key Performance Indicators (KPIs)**:
– Achieved cost savings against strategic plans.
– Supplier performance metrics (e.g., cost, quality, delivery).
– M&A integration efficiency.
– Operational and financial impact.
– Team development and retention rates.
– Adherence to procurement policies and compliance standards.

This role offers a unique opportunity to enhance procurement operations and support organizational growth through strategic sourcing, cost management, and supplier innovation. #LI-MB1

Bachelors