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Procurement Business Manager

MILLENNIUMSOFT
Durham, NC Full Time
POSTED ON 3/2/2025
AVAILABLE BEFORE 5/26/2025

Position : Procurement Business Manager

Location : Research Triangle Park, NC

Duration : 12 Months

Total Hours / week : 40.00

1st Shift

Client : Medical Devices Company

Employment Type : Contract on W2 (Need US Citizens Or GC Holders Only)

Job Description :

  • The Category Manager – Financial Services develops and maintains leading edge global sourcing strategy and appropriate supply base with clear spend governance for assigned Finance related categories, taking into account regional and local needs.
  • Significant experience with Supply Chain Financing at a global level with implementation and training category managers.
  • Categories and associated firms are typically global in nature and represent significant risk to multiple businesses.
  • Understanding of various regional and global payment solutions and how they can help drive cash preservation.
  • The Category Manager works in close alignment and collaboration with business, functional and regional stakeholders for the assigned categories to understand their needs and requirements.
  • The Global Category Manager is also responsible for key strategic supplier management including risk, performance, relationship, and supplier development.
  • Responsible for leading global category teams in the development, communication and approval of sourcing strategies.
  • Sourcing strategies should be inclusive of all regional business requirements and reflective of all regional supply market conditions and supply practices.
  • Accountable for communication and approval of sourcing strategies globally, and for appropriate handoff to regional sourcing associates for regional supplier selection and / or implementation associates for strategy implementation.
  • Responsible for insuring that category strategy(ies) result in and generate three to five year roadmaps of savings and value streams, and where appropriate, innovation opportunities
  • Continually sensing of internal customers and supply markets for changes that may impact the sourcing strategy.
  • Accountable for year-on-year financial impacts to assigned category(ies) with respect to price movement
  • Manages relevant internal audits to ensure actions are completed as needed from Procurement; collaborates with other functions as needed on audit actions.
  • Responsible for application of the source to pay process, inclusive of customer-centric support content and preferred payment methods, as part of sourcing strategies
  • Is accountable for developing and maintaining risk mitigation plans inclusive of compliance for designated suppliers within assigned category(ies) with businesses or functions
  • Is responsible for optimal supply base compliance for assigned supply base including compliance to corporate procedures and to support of all legislation driven and socially responsible reporting requirements.
  • May engage in peer coaching and mentoring for regional strategic sourcing and implementation associates

Degree of Accountability :

  • Where applicable for the category(ies), and through the management of risk mitigation plans, drives cross functional team progress towards risk retirement.
  • Responsible for global category team effectiveness.
  • Financial Impact :

  • Establishes and maintains long term cooperative relationships (through supplier relationship management) with key suppliers / firms and ensures that all suppliers are treated in a professional, ethical and fair manner.
  • Quality Impact :

  • Responsible for including in strategy development the consideration of, and where relevant implementing all relevant aspects of the source-to-pay process in sourcing strategies for assigned category (ies) globally.
  • Responsible for global category team coordination.
  • Cost Impact :

  • Maintains relationships with business, functional and regional stakeholders for the assigned category(ies). Influences the respective budgets through communications and consensus on strategies, projects and processes.
  • Budget Responsibility :

  • Responsible for global category team results and delivery against functional goals. Improves client financial position through cost savings, non-price value opportunities and price movement / inflation management and appropriate standard costs.
  • Qualifications – External

    Requirements :

  • Bachelor's degree in a related field
  • Minimum five years of related work experience, including category strategy development and execution
  • Experience with Supply Chain Financing and payment solutions for Source to Pay
  • Stakeholder Engagement and Management
  • Strategic sourcing process
  • Supplier management
  • Negotiation
  • Cost management practices
  • Supply market knowledge
  • Supply market research and analysis
  • Ability to influence without direct authority
  • Written and verbal communication skills
  • Problem solving skills
  • Drive for results
  • Preferences :

  • MBA or equivalent degree
  • Procurement or related certifications (CPSM, CPIM, PMP) nice to have
  • Financial Category experience
  • Lean
  • Process Effectiveness
  • Product Development Process
  • Project Management
  • Regulatory Systems and Compliance including quality concerns
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