VP Operations - Procurement

Company: The Better Being Co.
Location: Ogden
Posted on: September 21, 2023

Job Description:

The VP Operations - Procurement will lead all direct and indirect sourcing & procurement activity across sourcing, contracting, procure to pay processes, invoicing. The scope of control is $96M in direct spend and $61M in indirect spend. The leader will manage a team of 8 procurement FTEs. Essential Functions: -

• Responsible for all source to pay activities related to raw material, packaging, and corporate indirects
• Drive 3-4% year-over-year productivity through continuous improvement projects, net of commodity inflation.
• Lead the development of category sourcing strategies, including spend baseline management, supply market intelligence, sourcing cadence and calendar, supplier development, make vs. buy approaches etc. -
• Support new product development activity, including participating in the NPD process, identify new vendors for raw materials, negotiate pricing and/or exclusivity agreements where appropriate. -
• Proactively partner with Marketing to reduce complexity and SKU counts in raw materials and packaging and reduce the number of single sourced items significantly over the next 18-24 months.
• Account for the performance of BBCO's procure to pay process, including PO requisition, PO issuance, invoicing, and vendor payment, including establishing standard payment terms.
• Own and drive the Transformation Program for Procurement, delivering more than $3M in EBITDA impact for FY24. Additional Responsibilities: -
  • Establish a supplier code of conduct.
  • Ensure that BBCO vendors are following all local and country-level laws and regulations for employee pay, child labor, employee safety and wellness.
  • Establish clear delegation of authority and decision rights for PO approval.
  • Partner with BBCO Quality and S&OP functions to ensure vendor fill rates are consistently above 90% Job Qualifications: -
    • Bachelor's degree, Master's degree preferred, but not required.
    • Minimum of 15 years of procurement leadership experience, with a track record of leading category teams in direct materials, delivering significant year-over-year cost improvements. Prefer candidates with direct experience in food & beverage categories, for e.g., food-grade ingredients, packaging etc. -
    • Direct category experience in natural ingredients would be preferred.
    • Trained in industry leading sourcing frameworks, e.g., 7-Step Strategic Sourcing Process
    • Experience with advanced procurement analytics, e.g., should cost models, regression-based cost analysis, product cost teardowns. Ideal candidate would have deployed procurement spend analytics tools.
    • Experience leading procurement transformation initiatives across multiple workstreams and building internal team capabilities in areas like analytics and sourcing category management.
    • High level of proficiency in Excel, Power Point, Tableau or Power BI This description is not intended to be an exhaustive list of responsibilitiesand qualifications.
      The position, duties, and qualifications are subject to change at any time. We provide equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
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Keywords: The Better Being Co., Ogden , VP Operations - Procurement, Executive , Ogden, Utah