Job Overview: The Strategic Sourcing Director for Ingredients will lead the development and execution of sourcing strategies for a wide range of ingredients. This role will focus on optimizing supplier relationships, driving cost efficiencies, and ensuring the highest quality standards while aligning with the company's overall goals.
Key Responsibilities:
Strategic Development:
- Create and implement comprehensive sourcing strategies for ingredients that align with business objectives.
- Analyze market trends and industry developments to identify opportunities for sourcing improvements.
Supplier Management:
- Identify, evaluate, and select suppliers, ensuring a diverse and reliable supply base.
- Develop and maintain strong relationships with key suppliers to foster collaboration and innovation.
Cost Management:
- Lead negotiations to secure competitive pricing and favorable contract terms.
- Monitor and manage ingredient costs to achieve budget targets and drive cost savings initiatives.
Cross-Functional Collaboration:
- Work closely with R&D, production, and marketing teams to understand ingredient needs and support product development initiatives.
- Communicate sourcing strategies and updates to stakeholders across the organization.
Risk Management:
- Assess and mitigate risks related to supply chain disruptions, quality issues, and price volatility.
- Develop contingency plans to ensure a reliable supply of ingredients.
Reporting and Analytics:
- Track and report on sourcing metrics, supplier performance, and market conditions.
- Utilize data analysis to inform sourcing decisions and strategic planning.
**Qualifications:**
- **Education:**
- Bachelor's degree in Supply Chain Management, Business Administration, Food Science, or a related field. MBA or advanced degree preferred.
- **Experience:**
- 8+ years of experience in strategic sourcing, procurement, or supply chain management, preferably within the food or beverage industry.
- Proven track record of developing and executing successful sourcing strategies.
- **Skills:**
- Strong negotiation, analytical, and problem-solving skills.
- Excellent communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels.
