Operations

Director of Procurement Strategy

Looking to hire your next Director of Procurement Strategy? Here’s a full job description template to use as a guide.

About Vintti

Vintti stands at the forefront of economically advantageous staffing solutions for US businesses. By facilitating partnerships between American companies and Latin American professionals, we offer a pathway to reduced operational costs without sacrificing quality. Our approach enables businesses to reinvest savings into core areas, fostering growth and enhancing overall market competitiveness.

Description

The Director of Procurement Strategy plays a critical role in an organization's supply chain management by overseeing and optimizing procurement processes. This executive-level position is responsible for developing and implementing strategic procurement initiatives that align with business objectives, ensuring cost efficiency, and fostering supplier relationships. With a focus on driving innovation and leveraging market analysis, the Director of Procurement Strategy ensures the procurement team's efforts are both effective and aligned with the company's broader goals. This role requires a deep understanding of market trends, negotiation skills, and a forward-thinking approach to sustainable sourcing practices.

Requirements

- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field.
- Minimum of 10 years of experience in procurement or supply chain management, with at least 5 years in a leadership role.
- Proven track record of developing and implementing successful procurement strategies.
- Strong negotiation skills with the ability to secure favorable terms and conditions.
- In-depth understanding of market analysis and strategic sourcing.
- Excellent analytical and problem-solving abilities.
- Strong leadership and team management skills.
- Exceptional communication and interpersonal skills.
- Proficiency in procurement software and tools.
- Knowledge of relevant laws, regulations, and ethical standards in procurement.
- Experience with budget management and cost control.
- Ability to work effectively with cross-functional teams.
- High attention to detail and accuracy.
- Strong organizational and time-management skills.
- Ability to manage multiple projects and priorities simultaneously.
- Familiarity with continuous improvement methodologies.
- Experience with supplier evaluation and performance management.
- Ability to build and maintain strong relationships with vendors and internal stakeholders.
- Certification from a recognized professional body (e.g., CPSM, CIPS) is a plus.
- Advanced degree (e.g., MBA) is preferred but not required.

Responsabilities

- Develop and implement procurement strategies.
- Oversee procurement processes to ensure efficiency and compliance.
- Collaborate with cross-functional teams to align procurement activities with organizational goals.
- Analyze market trends to inform strategic procurement decisions.
- Negotiate contracts and agreements with suppliers.
- Monitor and manage supplier performance.
- Lead and mentor procurement team members.
- Approve procurement requisitions within budgetary constraints.
- Identify opportunities for cost savings and process improvement.
- Maintain relationships with vendors and internal stakeholders.
- Oversee procurement data management.
- Prepare and present reports on procurement activities and performance metrics.
- Ensure compliance with relevant laws and ethical standards.
- Manage inventory levels and oversee demand planning.
- Facilitate continuous improvement initiatives.
- Coordinate and participate in supplier evaluations and audits.
- Resolve escalated procurement issues and disputes.
- Stay updated on industry best practices and emerging trends.

Ideal Candidate

The ideal candidate for the Director of Procurement Strategy role will be a highly experienced procurement professional with a bachelor’s degree in Supply Chain Management, Business Administration, or a related field, and at least 10 years of experience in procurement or supply chain management, including a minimum of 5 years in a leadership role. This individual will have a proven track record of developing and implementing successful procurement strategies and possess strong negotiation skills, capable of securing favorable terms and conditions with suppliers. The candidate will have an in-depth understanding of market analysis, strategic sourcing, and be adept at analyzing market trends to inform procurement decisions. They will showcase exceptional analytical and problem-solving abilities, strong leadership, and team management skills, paired with excellent communication and interpersonal skills to influence, persuade, and build rapport. Proficiency in procurement software and tools, coupled with knowledge of relevant laws, regulations, and ethical standards, will be critical. Experience in budget management, cost control, and supplier evaluation and performance management is essential. The candidate must be detail-oriented, highly organized, and capable of managing multiple projects and priorities. They should demonstrate a proactive, adaptable, and ethical approach, with a strong commitment to integrity and compliance. Additionally, a strategic and innovative mindset, financial acumen, and a passion for continuous improvement will set the ideal candidate apart, alongside strong mentorship capabilities and the ability to foster positive working relationships within cross-functional teams. Certification from a recognized professional body and an advanced degree such as an MBA would be advantageous, further highlighting their expertise and dedication to the procurement field.

On a typical day, you will...

- Develop, implement, and oversee procurement strategies to optimize performance and efficiency.
- Collaborate with cross-functional teams to ensure alignment with organizational goals and objectives.
- Analyze market trends and conditions to provide strategic insights for decision-making.
- Negotiate contracts and agreements with suppliers to secure advantageous terms.
- Monitor and manage supplier performance to ensure compliance with contractual obligations and service level agreements.
- Lead and mentor procurement team members to enhance their skills and performance.
- Review and approve procurement requisitions, ensuring compliance with budgetary constraints and organizational policies.
- Identify opportunities for cost savings and process improvements within the procurement function.
- Establish and maintain relationships with key stakeholders, including vendors and internal departments.
- Oversee procurement data management, ensuring accuracy and integrity of information.
- Prepare and present regular reports on procurement activities, performance metrics, and strategic initiatives.
- Ensure adherence to relevant laws, regulations, and ethical standards in all procurement activities.
- Strategically manage inventory levels and oversee demand planning to prevent shortages and overages.
- Facilitate continuous improvement initiatives to streamline procurement processes and enhance efficiency.
- Coordinate and participate in supplier evaluations and audits to ensure quality and reliability.
- Resolve escalated procurement issues and disputes in a timely and effective manner.
- Stay updated on industry best practices, advancements, and emerging trends in procurement.

What we are looking for

- Strategic thinker with the ability to develop long-term procurement plans.
- Strong decision-making skills underpinned by data-driven insights.
- Effective communicator with the ability to influence, persuade, and build rapport.
- Proactive problem solver with a hands-on approach.
- Detail-oriented with a focus on accuracy and quality.
- Adaptable and flexible in a fast-paced and ever-changing environment.
- Ethical and transparent with a commitment to integrity and compliance.
- Collaborative team player with a focus on fostering positive working relationships.
- High level of accountability and ownership of responsibilities.
- Strong leadership qualities with the ability to inspire and motivate teams.
- Resilient and able to manage stress and pressure effectively.
- Exceptional organizational skills with capability for multitasking and prioritizing.
- Innovative mindset with a passion for continuous improvement.
- Tech-savvy with a strong grasp of procurement technologies and tools.
- Customer-focused with a keen understanding of stakeholder needs and expectations.
- Results-oriented with a demonstrated ability to meet and exceed goals.
- Strong mentorship skills with a commitment to developing team members.
- Keen understanding of global markets and industry dynamics.
- Financially astute with a good grasp of budget management and cost control.
- Agile with the ability to quickly adapt strategies based on changing market conditions.

What you can expect (benefits)

- Competitive salary range of $120,000 - $170,000 per annum
- Comprehensive health insurance plans, including medical, dental, and vision coverage
- 401(k) retirement plan with company matching
- Generous paid time off, including vacation days, sick leave, and holidays
- Flexible work schedule with options for remote work
- Professional development opportunities, including training programs and certification reimbursement
- Access to mentorship and leadership development programs
- Employee wellness programs, including fitness memberships and mental health support
- Life and disability insurance coverage
- Company-sponsored events and team-building activities
- Relocation assistance for eligible candidates
- Tuition reimbursement for continuing education
- Childcare assistance programs
- Travel reimbursement for business-related expenses
- Employee discount programs for various services and products
- Clear career advancement pathways and internal promotion opportunities
- Inclusive and diverse work environment fostering innovation and collaboration
- Onsite amenities such as a fully-stocked cafeteria, gym, and relaxation spaces

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