Opportunity
This position leads strategic sourcing initiatives to support new product development projects, supplier conversion/consolidation and other cost-reduction opportunities. Responsible for identifying, evaluating, and engaging with potential suppliers to maximize quality and innovation while minimizing costs and ensuring efficiency and continuity of supply. Supports the NPD process by reviewing project proposals to provide estimates of the cost, schedule and activity requirements. Assists in developing project scope specific to strategic sourcing activity to include timelines, resource requirements, costs estimates and postmortem evaluation.
More about the Wellness Products business:
The newly created Wellness Products business has been charged with becoming the premier Mind & Body Wellness provider for at home and professional spa sanctuaries. The objective of this business is to not only grow an already wellness-centric product portfolio but also create a clearly differentiated go to market strategy with a tailored angle to captivate the target audience with unforgettable showroom and digital destinations. Applicants must be passionate about wellness and having expertise in the ever-growing market is a plus! Given the start-up nature of this business, applicants must possess a bias for action, an ability to continually assess with openness to pivoting as the market dynamic changes and must be team-oriented with a willingness to dive in and support with whatever is needed. Prior start up experience is preferred.
Specific Responsibilities
Lead the identification and selection of potential sources for purchased components for new products while ensuring alignment to the strategic supply base. This includes understanding of the potential supply base, RFQ development and submittal, supplier negotiations and development in establishing an effective supplier relationship in support of on-going new product development and integration.Analyze procurement costs and suggest opportunities to decrease total landed costs while maintaining quality standards and supplier diversity. Report project costs in comparison to budget and project white papers.Negotiate with suppliers to secure advantageous terms and ensure feasibility of contracts.Interface with Supplier Quality to facilitate new purchased component PPAP approval.Coordinate support from manufacturing plant resources to ensure schedule dates and requirements are understood and in accordance with resource planning.Manage sourcing activities throughout the project lifecycle while proactively communicating project risks, issues and schedule changes to project stakeholders.Promote with self-development using all available resources (i.e. training programs, seminars, sharing of best practices, and self-study).