Sr. Manager, Procurement and Sourcing
- Lead strategic supplier relationships by establishing long-term partnerships, negotiating high-value contracts, and driving supplier performance to align with corporate goals.
- Establish and lead strategic sourcing initiatives for CVS, partnering with broader ACT community when economies of scale may be leveraged.
- Partner with Supply Chain Leader to establish supplier cost savings targets, managing the team to achieve savings.
- Champion continuous improvement initiatives across procurement operations, identifying and implementing best practices to enhance efficiency, cost savings, and supplier collaboration.
- Oversee compliance and governance by developing procurement policies and ensuring adherence to internal quality systems, industry standards, and regulatory requirements.
- Direct vendor management strategy, including maintaining the Approved Supplier List (ASL), leading comprehensive vendor evaluations, and conducting high-impact supplier audits and site visits.
- Manage end-to-end supply chain readiness, ensuring timely delivery of raw materials and purchased finished goods to support uninterrupted production and customer satisfaction.
- Own and optimize the procurement budget, aligning spend with business objectives and identifying cost-reduction opportunities without compromising quality or service.
- Manage supplier tooling repair, replacement budgets
- Manage CMO/CDMO contract and suppliers
- Develop and track procurement KPIs, using data-driven insights to support plant performance, operational excellence, and strategic sourcing decisions.
- Collaborate cross-functionally with engineering, planning, and project teams to seamlessly integrate new product introductions and ensure procurement readiness.
- Mitigate supply risk by proactively managing material flow, inventory levels, and contingency planning to prevent production disruptions.
- Manage Procurement team ensuring high performance, accountability, inclusivity, and cost-savings.
- Bachelor’s degree in business management or other related field and/or combination of education and related experience required (or equivalent). Master’s degree in business is preferred. APICS or ISM certification is preferred. A minimum of 8 or more years' experience in materials management, production planning, purchasing or other related activities is required. Experience in a regulated industry (GMP's and ISO 9000) is preferred.
- Proven leadership in managing complex inventory systems including Kanban, VMI, and consignment programs at scale
- Demonstrated strategic sourcing initiative identification and achieved success.
- Advanced negotiation skills with demonstrated success in high-stakes supplier agreements involving legal, financial, and executive stakeholders.
- Deep expertise in procurement strategy, sourcing methodologies, and supply chain optimization.
- Strong team leadership and mentoring experience, with a track record of developing high-performing procurement teams.
- Exceptional communication and presentation skills, with the ability to influence senior leadership and cross-functional stakeholders.
- Strategic thinker with sound judgment, organizational agility, and the ability to manage ambiguity and change.
- Strong analytical and problem-solving capabilities, with experience resolving complex procurement and supply chain challenges.
- Demonstrated ability to lead initiatives across multiple sites and functions in a matrixed organization.
- Proficiency in MRP systems; SAP experience strongly preferred.
- Strong financial acumen with financial modeling and data analysis experience
- Health, Dental, and Vision insurance benefits
- 401k plan with company match
- Paid Time Off
- Wellness initiative & Health Assistance Resources
- Life Insurance
- Short and Long Term Disability Benefits
- Health and Dependent Care Flexible Spending Accounts
- Commuter Benefits
- Parental and Caregiver Leave
- Tuition Reimbursement
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