New Product Development & Operations Buyer - Philosophy

NEW PRODUCT DEVELOPMENT & OPERATIONS BUYER - PHILOSOPHY

PROCUREMENT – NEW YORK, NEW YORK

COTY is looking for smart leaders who are fast and passionate.

The IPM buyer is a brand dedicated role that serves as the procurement partner on new initiative product development. Coty provides a multi-cultural working environment with exposure to many cross-functional partners. IPM buyers are driven by agility, analytical & proactive thinking and collaborative innovation.

RESPONSIBILITIES

As our IPM Buyer, you are responsible for new product development & base business procurement support.

The IPM buyer manages end to end sourcing on new products through close collaboration with cross-functional partners on their dedicated brand. IPM helps to support brand base business by implementing sourcing strategies and MVA opportunities. The IPM buyer is the face of Procurement for internal stakeholders and has full understanding of brand needs, sourcing strategy and industry knowledge.

Your focus:

Product Innovation

• Work closely with cross functional team (technical departments, Initiative Management and Marketing) to understand the key upcoming launches and business needs
• Provide sourcing solutions that comply to our sustainability roadmap, sourcing strategy, brand vision and meet financial targets
• Work on projects in pipeline with end-to-end scope from initiation to execution, having a critical eye on cost positioning, specifications, volume and timing.
• Proactively propose opportunities to increase profit & deliver bottom line savings. Keep track of “cost out” opportunities to be implemented in Y2/Y3.
• Ensure continuous connection with Procurement Categories to share Brand vision on Business needs
• Communication liaison between external partners and internal cross-functional brand partners

Procurement Productivity

• Align on sourcing panels, manage tenders, analyse bids, propose supplier selection with appropriate justification & ensure award process is fully met.
• Confirm right MOQ and cost per project and keep track of adherence during the fiscal year.
• Identify Sustainability, Cost out/Value in and Cash in productivity projects opportunities.
• Report and track Productivity projects in appropriate systems, forums and costing/budgeting exercises.

Support to Operations

• Manage procurement related claims/issues for your brand as main point of contact; escalate to IPM leadership and/or category management as appropriate.
• Support Business Continuity Plan for all high-risk materials.
• Track and report CAPEX budget / Spend related to Productivity, Maintenance and Innovation projects on a brand level
• Track and report savings results on a brand level
• Implement actions to minimize material inventory and obsolescence (notably through OQ set-up).

Leadership

• Proactively engage stakeholders to provide high quality procurement support for the business
• Have an expert understanding of the business needs, the Supply Chain specific requirements & how to fulfil them.
• Influence decision making using product expertise, experience and supply base knowledge & leverage.
• Highlight risks with mitigation plans as well as opportunities with potential gains.

Business Partnering

• Secure sharing of information and support for the local organisations and business units
• Promote good inter-departmental relations & contribute to a professional, efficient department reputation.

Working for Coty means our people make us who we are. They are the brightest minds bringing innovative concepts to life. If you’re someone unwilling to settle, likes to envision larger possibilities, accelerate learning, and push boundaries – we’d love to hear from you! Working at Coty means being part of an inclusive workplace committed to diversity and equity, valuing diverse perspectives and backgrounds. Your ideas will count, fostering a career where you can achieve more than you ever imagined.

The role requires IPM buyer to work closely together with several departments such as category procurement, initiative management, R&D, marketing, planning and finance. All your colleagues are engaged, analytic and action oriented to launch the best products on the market.

QUALIFICATIONS

We’d love to see candidates who have:

• 4+ years of beauty industry experience in procurement function
• Undergraduate degree required

Key expected competencies and demonstrated skills:

• Cost management and analysis: Ability to manage product COGs, budget and spend Ability to identify, understand and explain cost drivers Ability to provide cost driven solutions to hit project financial targets Manage negotiation with external suppliers
• Risk management: Identify risks in supply chain when making sourcing decisions Anticipate potential delays or roadblocks to implement mitigation plans Maintain critical eye on project timing
• Project management Propose and define scope of project (saving/sustainability/value) Ensure alignment among cross-functional partners with clear communication Monitor progress, ensure delivery and execution Solution Oriented mindset to troubleshoot during product development & execution

OUR BENEFITS

As our IPM BUYER, this is unique role with a genuine opportunity to make an impact. You’ll get to work in a diverse environment with a team of professionals who are passionate about the work they do and know how to have some fun along the way.

Coty’s global omni-working policy provides the option to work up to 50% of your month remotely. We believe that a more flexible philosophy of remote working will give everyone the freedom to choose what works for their individual circumstances and empower them to always perform at their best.

• Base Salary Range: $90,000-105,000
• Comprehensive health, dental, and vision coverage
• Generous paid time off and holidays
• Summer Fridays
• Hybrid working schedule

RECRUITMENT PROCESS

• Our recruiter will contact you.
• A telephone/online introductory meeting follows.
• A first online/in-person interview
• A second interview
• You will receive a proposal with the terms of employment.

ABOUT COTY

Coty is one of the world’s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, skincare, and body care. At Coty, we celebrate the entire human kaleidoscope and cultivate a culture of fearless kindness.

Our people make us who we are. They are the brightest minds bringing the boldest ideas to life every day. If you’re the kind of person who refuses to settle, if you want to think bigger, learn faster and go further than you ever thought possible – we’d love to hear from you.

Coty is deeply committed to creating a more open, inclusive, and diverse workplace where all employees can be their authentic self. Join us in making over the world of beauty!