What are the responsibilities and job description for the Director of Procurement position at COMPACT INDUSTRIES, INC.?
Description
Since 1963, Compact Industries has been the leading contract manufacturer of dry food products to the Fortune 500 companies that market the national brands you know and love. Compact Industries partners with its customers in the Custom Blending & Contract Packaging, Retail, Food Service, Office Coffee Service & Vending maker segments to deliver quality food products. Compact Industries offers total rewards package, including attractive benefits, retirement saving programs, and growth opportunities. Work with an established team of long-term employees. Apply with us today to become a part of our growing team!
Benefits: Medical, Vision, Dental, Annual Bonus, 401K Match, Paid Time Off, Paid Holidays, Onsite Gym, Wellness Program.
Responsibilities:
- Direct all activities and mentor teams in Procurement, Scheduling/Planning, and Customer Service.
- Manage supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
- Develop risk management procedures to mitigate losses in the event of product shortages
- Identify, evaluate and select suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
- Develop and implement procurement strategies to optimize cost savings and operational efficiency.
- Negotiate contracts and terms with suppliers to ensure favorable pricing, payment terms and mutually beneficial agreements.
- Collaborate with internal stakeholders and external customers to understand their requirements and align procurement activities with organizational goals.
- Conduct market research and analysis to stay updated on industry trends, economic factors, supplier capabilities and pricing fluctuations.
- Analyze inventory levels, demand forecasts and consumption patterns to optimize stock levels and reduce carrying costs.
- Additional duties as assigned.
Requirements
- 10 years of experience in purchasing or supply chain management.
- 5 years of leadership experience.
- Food purchasing in a manufacturing environment is highly preferred
- Experience with commodities and ingredients, packaging materials such as films, cartons, corrugated and associated components a plus
- Bachelor’s degree in supply chain, business administration, or a related field required. Master’s degree preferred.
- Excellent leadership, communication, interpersonal, time management, and analytical skills.
- Must be a motivated hands-on leader.
- Experience in negotiating contracts and vendor management.
- Proficient in Microsoft Office Suite Products and ERP systems.
- Experience with small to medium sized, family-owned businesses is a big plus.
- Thorough understanding of market dynamics to optimize procurement strategies.
- Prior experience with purchasing of ingredients and packaging commodity items.
- Advanced customer service skills and experience meeting deliverables and furthering key relationships.
- Certification in Procurement or Supply Chain (CSCP,CPSM) is a plus.
