Director of Procurement and Strategic Sourcing

MedMen - Culver City, CA (30+ days ago)3.1


Purpose:
Directly oversees the Product and Procurement teams including development and execution of strategies through strategic sourcing (e.g. supply market analysis, total cost of ownership analysis, competitive negotiations, contracting) to significantly drive competitive cost advantage and deliver superior product quality.

Summary:
The Director of Procurement and Strategic Sourcing role will manage the process and is responsible for determining the categories to source, achieve savings, manage contract implementation and track the impact. Develops and manages KPI's to ensure departmental goals are met and/or exceeded in order to achieve year-over-year reductions in total costs of goods and services while maintaining or improving supplier quality and service levels. Supports and drives innovation within sales and operations to meet ongoing customer needs.

Essential Duties and Responsibilities:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
Oversees the development and execution of strategies through the strategic sourcing process.
Serves as primary champion and process leader for the strategic sourcing process across all product categories including contract negotiations and vendor agreements.
Works with the VP of Sales and Operations Planning to set priorities and performance goals for the purchasing and strategic sourcing teams, guides strategy development, oversees the development of annual strategic sourcing plans which specify how savings goals will be achieved, communicates team progress to senior business unit leadership and ensures clear alignment between team actions and business unit interests.
Oversees the process to select and manage suppliers.
Based on the sourcing strategy, oversees the supplier selection and negotiation process for key sourcing.
Establishes and maintains contractual and business relationships with senior management of key suppliers.
Measures and tracks internal performance within each spend category; With the assistance of the Purchasing Managers, tracks forecasted vs. actual savings for sourced categories and communicates performance against these measures and their potential budgetary impact.
Works closely with senior stakeholders in the business units to ensure savings are built into budgets and into the annual operating plan.
Works across departments that contribute to building effective collaboration and leading direct reports in providing feedback, coaching and developmental opportunities that contribute to building effective teams.
Challenges and inspires team members to achieve business results.
Participates in the ongoing development, communication and implementation of team concepts, programs and policies; coordinates work to ensure best practices with all team members.
Participates as a member of the Team and attends appropriate team meetings.
Fosters strong cohesiveness regarding all major issues; e.g., direction, annual plan, budget, policy changes, etc.
Accepts responsibility to quickly identify any areas that lack cohesiveness, bringing them to the attention of the team leader and working with the team in a supportive manner to resolve issues and actively look for ways, and reinforce actions needed, to achieve synergy possible within the larger organization.

Required Knowledge, Skills, and Abilities:
Seven or more years in purchasing and sourcing
Extensive knowledge of ERP Systems (NAV) software preferred
Experience effectively managing pricing and margin analysis
Strong analytical ability, production scheduling knowledge and financial & commercial awareness required.
Proven ability to develop and implement cross-functional teams, as well as work effectively on these types of teams to deliver predetermined results
Managerial experience strongly preferred

Preferred Industry Experience:
Retail Purchasing and Sourcing within Food or Consumer Packaged Good Industries

Minimum Education:
Bachelor's Degree in Business or related field and 7 years related work experience

Preferred Education:
Designated Supply Chain Management Professional (SCMP), MBA or equivalent