Sr. Mgr., Procurement
The Nature's Bounty Co

Job Info

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Job Description

Company Description

The Bountiful Company, a Nestlé Health Science Company, is a pure play branded leader in global nutrition, living at the intersection of science and nature. As a manufacturer, marketer and seller of vitamins, minerals, herbal and other specialty supplements, and active nutrition products, we are focused on enhancing the health and wellness of people's lives. The Bountiful Company's portfolio of trusted brands includes Nature's Bounty®, Solgar®, Osteo Bi-Flex®, Puritan's Pride®, Sundown® and Ester-C®.

Inclusion and Diversity in the workplace matters at The Bountiful Company. This includes being focused on retaining and recruiting a diverse workforce and building a culture of inclusivity. Our goal is to create a place where people feel respected, valued and able to bring their authentic selves to work each day.

Did we mention that we also offer excellent benefits, competitive compensation and a progressive, healthy company culture? If you've ever spent your workdays watching the clock, you know how important a positive work environment is for a person's well-being. The Bountiful Company is committed to supporting wellness in all forms. And when it comes to wellness, nature is a pretty good place to start.

Job Description

Responsible for leading and managing Procurement of significant categories of raw material spend for The Bounty Company. Must develop solid working partnership with stakeholders to optimize sourcing, supplier selection, pricing, contracting and ongoing Supplier Management while meeting quality and service level requirements for his/ her area of responsibility.

This person will be responsible for preparing and executing Category Strategies, negotiating and developing contract pricing, terms and conditions, and other relevant sourcing related documentation. These strategies and tactics should enable the identification, negotiation and implementation of agreements with suppliers to ensure the greatest overall value.

This requires an in-depth knowledge of Raw Materials used in the food, chemical, personal care, pharmaceutical or nutraceutical industries. The incumbent must also be knowledgeable in procurement methodologies and possess an in-depth understanding of relevant supplier bases. Additionally, the incumbent must understand service requirements related to business needs as well as quality assurance and control. Works within business team to identify and implement initiatives to achieve substantial cost savings and improvements in quality, delivery, etc. to achieve high customer satisfaction.

Supports VP of Procurement by ensuring proper escalation of any significant issues/ opportunities.

Manages spend that could range from 80 to 100 million with up to 50 suppliers and significant complexity.

• Develops and implements Category Strategies and yearly sourcing plan for Procurement of several categories of spend for The Bountiful Company. Tasked with supplying goods that meet or exceed customer expectations while delivering productivity of 3-5% annually.
• Develops and manage continuous improvement pipeline to deliver significant year over year productivity.
• Executes market research in various areas, resulting in robust Category Strategies. Keeps abreast of market conditions and maintain an agile mindset to flex resources and external capacity as needed to meet changing business needs.
• Ensures optimize sourcing, supplier selection, pricing, contracting and commercialization while meeting quality and service level requirements for their spend area. This results in ensuring negotiation and implementation of global, regional and local agreements with suppliers to deliver the greatest overall value. Monitors supplier performance on an ongoing basis and develops improvement plans as required.
• Ensure proactive risk management strategy as well as partnering with supply planning team to ensure timely problem solving of supply issues.
• Liaises with various commercial teams to ensure two way dialogue and understanding of The Bounty Company needs as well as industry trends and opportunities in their area of expertise.
• Supports new product, new technology or new initiative launches as applicable. Participate in innovation franchise team and leverage supplier partner in securing differenced ingredients and technology.
• Ensures timely and accurate maintenance of Oracle Costs Accounting Systems. Establish standard costs and manage monthly PPV review process.
• Manage one Sourcing Analyst, provide coaching and development of direct report

Job Requirements

• 10 to 15 years of progressively increasing responsibility, experience in both procurement and subject matter area supported preferred.
• Bachelor's Degree required, preferably in Business, Engineering or Food Science.
• MBA desirable but not required.
• Subject matter expertise in relevant raw material category supported (5- 8 years)
• Strong background in direct raw material categories, ideally in food, chemical, personal care, pharmaceutical or nutraceutical industries.
• Strong knowledge in strategic sourcing process and category management
• Experience in contract negotiation such as supply agreement, license agreement and service level agreement.
• Possess foundational finance knowledge such as P&L analysis, budgeting and cash flow.
• Broad background in Procurement supporting manufacturing/ commercial/ corporate functions in various operating models.
• Hands on management experience in developing and implementing new suppliers and business solutions.
• Broad supply chain experience such as planning and logistics are preferred
• The ability to work and communicate effectively at all levels and functions of the organization.
• Possess some level of technical expertise and can work effectively with Tech service and R&D stakeholders
• Ability to adapt to Matrix organization
• Experience in implementing change management.
• Highly self-motivated with the ability to work within ambiguity with the need to create the appropriate level of process and procedure.
• Ability to lead teams on how to resolve complex problems.
• Excellent project management skills
• Strong skills in Microsoft Excel, PowerPoint and Word
• Proven analytical skills (e.g. data analysis, business processes)
• Ability to act in a customer-service oriented capacity with stakeholders
• Strong written and oral communication skills

Ref # POS000002954

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