Aug 21, 2019

Category Sourcing Lead

  • Professional Diversity Network
  • Buffalo, NY, USA
Full-Time Purchasing - Procurement

Job Description

Rich Products Corporation

Rich's has been able to pull off something rare in the business world: a culture that successfully blends the latest business practices with family values. That means our associates are able to work for a great company while also benefiting from a work environment that fosters world class professionalism combined with family intimacy. Our benefit offerings are reflective of this unique blend of Life, Work and Family .

PURPOSE STATEMENT

Manages assigned key business categories to ensure that Rich's requirements for delivery, quality, cost and safety are met and that Rich's Values are maintained throughout the supply base
- Owns the relationship with assigned Global and /or Regional suppliers
- Drive suppliers to continuously improve the value they deliver to Rich Products Corporation.
- Assess, manage, mitigate and avoid risk throughout the supply chain for assigned categories.

KEY ACCOUNTABILITIES/OUTCOMES

Strategic Sourcing & Savings

With guidance from direct manager, develop and maintain a long-term sourcing roadmap that identifies key sourcing opportunities with the guidance of direct manager. Execute sourcing events by developing and launching RFI/RFPs, developing a negotiation strategy, negotiating with potential suppliers and executing contracts.

Optimize total cost of ownership by identifying cost savings and joint process improvements that help drive efficiencies throughout the entire supply chain.

Support the identification and implementation of cost savings initiatives

With the support of your direct manager, utilize the 7-step sourcing process to lead a cross functional team to identify service and quality requirements, identify prospective vendors through the RFI process and develop business recommendations to optimize supply network and drive savings.


Supplier Relationship Management

Negotiates and maintains supplier agreements that provide the maximum total cost of ownership benefit through price, product quality protection, limitation of financial and supply risk, and optimization of supply chain requirements (i.e. lead times, order quantities, etc.)

Employ key supplier metrics that help drive consistent service levels from suppliers as well as timely action plans to address and resolve supply issues.

Provide daily management of suppliers including Supply Chain support for: forecasting, pricing, invoicing and inventory levels. Conduct periodic supplier reviews and visits.

Execute a strategy for assigned categories that aligns with short and long-term business goals and leverages Supplier Relationship Management best practices.


Financial Risk Management

Analyze and interpret market information for translation into the monthly forecasts, including future biases and identification of financial risks and opportunities.

Responsible for key financial analysis that supports the completion of critical reports including the monthly financial projection.

Leverage financial risk management tools to execute a short and long-term risk management strategy for key commodities that drive category prices. Align risk management strategies with business unit strategies and risk profiles through proactive communication with business stakeholders.

Demonstrate a strong intellectual curiosity by identifying and evaluating new financial risk management tools that provide predictable pricing and maintain strong correlations to underlying markets.

Analyze complex financial problems to evaluate supplier proposals, interpret market conditions and drive efficiency and productivity within the department.

Conceptualize a complex financial problem and utilize existing technology to develop a viable business solution.


Business Support

Support global partners by providing market insight for shared markets, leveraging global suppliers to drive efficiencies and innovation, and collaborating on best practices.

Collaborate with and influence marketing and R&D to help drive innovation and commercialize new products

Review and interpret key supplier metrics to assist Quality Team in maintaining consistent material quality from supplier in assigned category.


Leadership

Be an advocate for Procurement's key business commitments including acting with a sense urgency, effectively communicating with key stakeholders, understanding the voice of customer and demonstrating leadership as the subject matter expert.

KNOWLEDGE/SKILLS/EXPERIENCE

Bachelor's degree in Business Administration or related field and minimum 5 years job related experience, or Master's degree in related field with minimum 3 years job related experience

Understand fundamental market conditions related to assigned categories, as well as the key macroeconomic influences that drive market price fluctuations.

Experience with data modeling and data management.

PC skills (Excel, Word, database, statistical software) and the ability to create spreadsheets, computer analysis, report writing

Occasional travel (up to 10% of time)

Uses English as the business language within Rich's

Rich Products Corporation, its subsidiaries and affiliates ("Rich's"), are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, gender identity, sexual orientation, marital status or any other legally recognized protected basis under federal, state, or local law. The information collected by this application is solely to determine suitability for employment, verify identity, and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Rich's. Please contact Rich's Human Resources department if you need assistance completing this application or to otherwise participate in the application process.

States

NY  

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