Sourcing Manager - Senior

Vitaquest International is an industry-leading development and commercialization partner for consumer products in nutraceutical and functional foods. With over 40 years of history, Vitaquest has the market insight, global reach and scale of operations to support emerging and existing consumer brands from the idea to the store shelf with flawless execution in every phase. Today, Vitaquest creates and produces more than 4,000 customer formulas for more than 500 brands in over 40 countries. Vitaquest's employees follow an internal communications plan to encourage productivity and engagement within the organization. This is known as Vitaquest PROUD. We believe that each employee contributes directly to the organization's growth and success. We are looking for individuals who share our innovative spirit and hope will take pride in being a part of our Company. Title: Sr. Sourcing Manager Reports to: VP of Supply Chain BASIC FUNCTION The Sourcing Manager will be responsible for developing and executing strategic sourcing strategies that optimize cost, supplier performance, risk, and continuity of supply. It includes Outside Operations management and will be included in negotiations and make/buy decisions. This role identifies cost-saving opportunities and partners with cross-functional teams to support business and operational objectives. SPECIFIC DUTIES · Develop and execute strategic sourcing strategies for assigned categories, materials, and services. · Identify, evaluate, qualify, and negotiate with new and existing suppliers. · Lead competitive bidding, RFQs/RFPs, supplier negotiations, and contract discussions. · Develop and maintain strong supplier relationships and performance-management programs. · Negotiate pricing, payment terms, lead times, MOQs, freight, and other commercial terms. · Identify and set up Inventory level agreements internally and externally · Analyze market conditions, commodity trends, supplier capacity, and cost drivers. · Partner with Procurement, Planning, Manufacturing, Quality, Finance, PD, and PDD to better optimize the network. · Develop supplier scorecards and corrective-action plans when performance issues arise. · Manage sourcing projects from supplier selection through implementation. · Review and negotiate supplier agreements, pricing structures, and commercial contracts. · Run E-tendering exercises to ensure best cost structure vendor decision making. · Support new product introductions and material changes from a sourcing perspective. · Track and report sourcing KPIs, including savings, supplier performance, spend, and risk. · Develop and Maintain a CLM System to include all contracts and amendments · Future- expand scope to include Indirect Sourcing KNOWLEDGE AND SKILLS REQUIRED: · Strong negotiation and supplier-management skills. · Experience with RFQ/RFP processes and competitive bidding. · Strong analytical and financial skills, including cost analysis and total-cost-of-ownership analysis. · Experience with ERP and procurement systems. · Strong Excel/data-analysis capabilities. · Excellent communication and cross-functional collaboration skills. · Strategic sourcing within CPG, manufacturing, packaging, food, and pharmaceuticals industry. · Experience managing significant supplier spend. · Experience with commodities and raw-material sourcing. · Experience with contract negotiation and supplier agreements. · Cost modeling and DTV analysis. · Supplier development and risk management. · 10 plus yrs Experience leading sourcing projects and cross-functional teams. Minimum Education Required: · Bachelor's degree in Supply Chain, Business, Finance, Operations, or related field. Minimum Years’ Experience Required: · 10+ years of experience in strategic sourcing, procurement,…

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