Job description

Summary:

The Procurement team is responsible for maintaining strong vendor relationships, sourcing ingredients and components, negotiating favorable pricing and payment terms, and ensuring we have the right amount of inventory at the right time to cover demand and to support our growth. This position will engage in these functions and help drive Continuous Process Improvement (CPI) activities in the Procurement and other departments.

Essential Functions:

• Manage a team of buyers and support staff. Ensure daily purchasing activities and normal departmental responsibilities are performed timely and accurately by buyers.
• Interview and hire purchasing staff and oversee training.
• Reviews and processes purchase orders or bid requests.
• Develop and document Company’s procurement rules and processes.
• Evaluate Purchasing Department performance to develop and implement continuous improvement initiatives. Establish processes to monitor and manage department effectiveness and efficiency.
• Analyzing existing purchasing processes for performance.
• Own the Quarterly Standard Cost Reporting Process
• Review KPI indicators such as inventory turns, supplier performance and PPV to ensure they are consistent with Corporate strategies.
• oversee inventory levels to achieve adequate inventory turns expectations of organization. Collaborate with management in resolving slow moving inventory (Raw Materials and Packaging)
• Manage and mitigate cost increases through sourcing activities and communication.

• Maintain and drive reporting tools to support staff.
• Implement sourcing strategies for raw materials and packaging to support our manufacturing processes. Locate vendors of materials, equipment, or supplies, and interview them in order to determine product availability and terms of sales.
• Conferring with vendors to obtain product or service information such as price, availability, and delivery schedule.
• Interfacing with all departments and resolving problems and issues.
• Communicate with the other departments to effect working strategies. (e.g., Sales, R&D, etc.)
• Communicate cross within INWM network, to resolve material sourcing challenges.
• Assist in contract negotiations with vendors and suppliers.
• Communicate regularly identifying challenges and corrective actions to VP of Supply Chain.
• Maintain all new item and relevant data on R&D Submission log to drive material approval process.
• Performing other duties as assigned.

Position Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Knowledge/Skills:

• Deep understanding of, and experience in, the use of procurement process and best practices including developing market/industry analysis, supplier analysis, total cost ownership analysis, sourcing strategy and supplier strategy development.

· Strong problem-solving skills and ability to navigate difficult situations, assess risks, and build contingency plans to minimize business disruption.

· Continuous improvement mindset focused on optimization and capabilities upgrade.

· Outstanding analytical capabilities with proficiency in MS Excel and databases to extract and organize large datasets.

· Accomplished history in creating sourcing strategies and achieving results.

· Strong work ethic and goal oriented.

• Strong planning and organizational skills.
• Great team player.
• Ability to negotiate.

Education/Experience:

• Degree in Business Administration, Logistics or related field or 8+ years of related experience in sourcing and procurement.
• Strong leadership skills with a minimum of 3 years of leadership or supervisory experience.
• High level of budgeting and strategic planning experience, pricing and deal structures

· Prior experience in Food and Dietary Supplements Industry, a plus

Financial Responsibilities:

· Tracking and communicating material cost changes – provide review for Standard Cost Updates quarterly.

· Minimize processes that will create negative cost impact on organization.

· Manage and mitigate cost increases through sourcing activities and communication.

Reporting Relationships:

Purchasing Manager shall report directly to VP of Finance.

Job Type: Full-time

Pay: $100,000.00 - $140,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• Benicia, CA 94510: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Sourcing & Procurement: 8 years (Preferred)
• Leadership: 3 years (Preferred)

Work Location: In person

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