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Wells Enterprises · 5 months ago

Sourcing Manager

1 Blue Bunny Drive, Le Mars, IA, 51031, US

Full-time

Onsite

Mid, Senior Level

Wells Enterprises is a company focused on strategic procurement activities, and they are seeking a Sourcing Manager to lead sourcing strategies and supplier management. The role involves negotiating contracts, managing supplier performance, and implementing cost-saving initiatives to support the company's financial goals.

Food and BeverageFood ProcessingManufacturing

Responsibilities

Lead the development; implementation and alignment of sourcing strategies and supplier network capabilities for spend categories to achieve business objectives

Responsible for securing materials at the lowest total cost of ownership (TCO) through competitive analysis of bids, and all other costs of ownership

Responsible for establishing commodity supply and price risk mitigation strategies to minimize any concerns with materials, delivery, or supplier relationships

Demonstrate full knowledge and serve as a leader for assigned categories of spend

Collaborate with Director, Procurement Strategic Sourcing, and other cross functional team members to establish both short and long-term commodity strategies

Responsible for effectively negotiating with suppliers and coaching others to do the same

Govern the development and execution of contracts and agreements with suppliers

Contractually securing materials and/or services within spending authority guidelines

Responsible for setting and delivering budgeted plans for all direct and indirect items identified within the scope of the role, and report monthly on performance

Timely communication to key personnel of any major shifts in marketplace activity that may positively or negatively impact the organization

Select, maintain, and manage a supplier base that is financially sound, technically competent, and strategically aligned, including supplier performance standards and measurements

Evaluate supplier capabilities and establish sources for new technologies and new markets dictated by business requirements

Compile and maintain commodity and industry strategies

Responsible for compliance with applicable corporate policies and procedures and Code of Conduct

Develop annual cost savings programs and implement strategies that directly effects company financial results

Create, advocate, lead and implement sourcing and negotiation strategies for key spend areas to achieve short- and long-term savings targets

Manages areas of responsibility while driving continuous improvement and develop and implement protocols and practices to ensure effectiveness and efficiencies of strategic initiatives

Analyze industry trends and evolving technology to proactively identify supply base issues to mitigate issues to minimize risk, protect continuity of supply, and exploit emerging opportunities that benefit Wells

Qualification

Strategic sourcingContract managementNegotiation skillsSpend analysisSupplier managementCost savings strategiesContinuous improvementIndustry trend analysis

Required