Key Responsibilities
1. Strategic Costing & Data Analysis:
• Conduct detailed cost analysis based on product formulations and target margins (costing by %).
• Translate weekly production forecasts into accurate bills of materials (BOMs) and ingredient requirements within the procurement system.
• Develop and maintain dynamic cost models to simulate the financial impact of sourcing decisions, market fluctuations, and recipe changes.
• Analyze spend data to identify trends, savings opportunities, and areas of risk.
2. Process & System Improvement:
• Lead initiatives to streamline and error-proof the procurement-to-pay process.
• Identify root causes of system inaccuracies and operational delays, and implement effective, sustainable solutions.
• Spearhead the optimization and mastery of our ERP/inventory system, ensuring data hygiene and maximizing its analytical capabilities.
• Create and document standard operating procedures (SOPs) for the
purchasing function.
3. Strategic Sourcing & Supplier Management:
• Manage and develop a portfolio of key suppliers, building strategic partnerships rather than transactional relationships.
• Lead complex negotiations for high-value contracts, focusing on TCO (Total Cost of Ownership), payment terms, and quality guarantees.
• Perform rigorous supplier vetting and risk assessments to build a resilient and agile supply chain.
4. Cross-Functional Leadership:
• Collaborate closely with Production, Finance, and Logistics teams to ensure a seamless flow of information and materials.
• Act as a subject matter expert on procurement data, providing actionable insights to support business decisions.
• Mentor and provide guidance to junior team members, fostering a culture of continuous improvement.