Sr. Director, Procurement

Summary The Senior Director of Procurement is responsible for approximately $200M spend associated with food ingredients.

This position will work closely with plant leadership, Transportation, Finance, Quality, and Regulatory to reduce costs and source quality products.

This position will be experienced in procurement strategy and bring a level of business acumen within the organization.

Responsibilities will also include the strategy, process and execution of gross margin expansion initiatives by way of Direct Material negotiated purchase price variance price/cost savings, negotiated payment terms and overall contract negotiation while meeting service objectives to ensure high performance on lead times, supplier quality and on-time delivery.

Duties and Responsibilities Strategically develop and implement category / supply chain strategies to deliver maximum value, leverage, and standardization.

Build and Drive Supplier Relationship Management including QBR cadence, scale up opportunities, cost modeling Strong understanding of commodities and their impact on overall product margins Within the scope of the strategic sourcing process, drive cost out of the supply chain by managing the following: Category and negotiation strategies including Terms and Conditions, Supplier selection/de-selection, evaluation and rationalization of Supply chain solutions, including vendor managed inventory (VMI), supplier consignment, safety stock levels, etc.

Employ total cost of ownership (TCO), should be costing, commodity benchmarking, and low-cost country sourcing methodologies to drive materials savings initiatives in line with gross margin plans and overall business objectives.

Create 3 year pipeline of Strategic Savings projects Deliver year-over-year cost savings and productivity.

Lead product development category strategies in line with corporate initiatives to improve supply chain efficiencies and reduce the total cost of supply chain management.

Provide category support to New Product Teams as required to meet target costs and establish program cost models.

Understand and pay attention to changing macro-economic, geo-political, supply/demand, and technology trends as potential influencers to commodity supply and cost.

Develop ongoing planning to reflect changes in the supplier and industry landscape, matching the needs of the organization, and communicate this information on an ongoing basis.

Negotiate and execute purchase orders or supplier contracts as needed to support critical business needs.

Establish and maintain measurable key performance metrics for all levels of procurement activities to include but not limited to supplier performance, supplier quality, internal order placement performance, buyer activity levels, financial (AP) performance, and material shortage elimination.

Manage material flow to ensure inventory is maintained at the optimum level to support on-time customer deliveries while keeping inventory levels at the appropriate levels.

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