Director of Procurement

Description

Join our Supply Chain Operations team - manage inventory, procurement, logistics, and more - and help drive efficiency, cost savings, and seamless delivery of quality products. The Procurement and Inventory Control department oversees procurement audits, expedites processes, and ensures stock availability for diamonds, gemstones, and supplies. Our Intake team handles the company-wide processing of incoming mail, including inventory replenishment and in-stock performance, while also receiving and managing incoming shipments.

The Director of Procurement leads the Procurement operations which includes supplier establishment, purchase requisitions, purchase orders, invoice and payment processing, issue resolution and exception handling. The leader for this area is one that is humble, thoughtful, approachable and facilitates others success. This role supports the overall objectives of the Company, including reliable and efficient procurement of required materials, strategic inventory initiatives, sourcing strategies, supplier performance, and controlling cost. Strong collaboration with Operations, Finance, Customer Experience, and Merchandising will be critical in meeting business goals.

Key Responsibilities:

• Analyze trends in demand at the item, customer, and supplier level and create replenishment strategies that achieve desired service levels and proactively share any concerns or findings with relevant stakeholders
• Develop strategies for mitigation of risk in the supply chain for new and existing products and partners
• Develop supplier relationships in a way that encourages open dialogue and cooperating in identifying and implementing win-win situations that add value to both organizations
• Manage sourcing, negotiations, and implementation of agreements that achieve sustainable relationships with suppliers
• Perform business analysis and identify potential business opportunities for cost savings and efficiency improvements
• Plan and implement activities for cost reduction with cost being defined as cost, lead-time, and quality. Develop and maintain a monthly status of all sourcing savings and productivity projects
• Lead monthly Integrated Business Planning (IBP) discussions as it relates to procured supply planning and execution.
• Develop reporting of appropriate metrics, including forecast accuracy and supplier performance metrics, and gather data to support in evaluating current and future suppliers.
• Assist with migrating new or existing business to other suppliers (as needed)
• SME of the forecasting and ERP software
• Establishes/maintains and communicates purchasing policies and procedures to departments, suppliers, and team
• Ensures internal controls and compliance adhering to all audit requirements of the Procure to Pay process
• Identify, present, and prioritize changes/enhancements to improve the P2P process including business case, ROI calculation, and oversee departmental participation in development and testing of these improvements
• Motivate, coach, develop, and lead direct reports
• Communicate with team members at all levels within the organization and create an environment where improvement can flourish, a strong team approach is developed and team members feel empowered to suggest and take actions to improve workflows.

Basic Qualifications:

• Knowledge of vendor management, strategic sourcing, and contract and pricing negotiations
• Knowledge of legal terminology, and language related to vendor agreements and contracts
• Strong awareness of internal control, security, and compliance concerns
• Strong negotiation skills with ability to reason, influence, and collaborate at all levels
• Strong analytical, problem solving, and critical thinking skills
• Ability to execute tactically and think strategically
• Ability to quickly retrieve, manipulate, analyze, and interpret data
• Ability to manage complexity and resolve conflicts that arise from balancing multiple priorities
• Stress resistant (able to work under pressure)
• Strong interpersonal and human relations skills and the ability to lead and manage people
• Ability to work in a fast-paced team environment
• Strong written & verbal communication skills
• Strong action/results orientation with the ability to work with minimal oversight, to be self-motivated and proactive in achieving individual/team objectives
• Ability to prioritize and manage multiple assignments (basic project management skills)
• Computer proficiency related to MS Office Applications, ERP, and planning software

Preferred Qualifications:

• College Degree or related experience
• Experience in supply chain management, finance, inventory control, merchandising, replenishment planning
• Knowledge of product lifecycles, inventory forecasting, and planning principles