What are the responsibilities and job description for the Sourcing Director position at TalentCraft?
Position Title: Director, Sourcing
Location: Cary, NC (Hybrid)
Employment Type: Full-Time
Position Summary
The Director of Sourcing will lead the development and implementation of sourcing strategies, vendor management initiatives, and risk mitigation plans. This position is responsible for sourcing, contracting, and maintaining strategic relationships with suppliers of materials and services. The role focuses on driving cost efficiency, operational excellence, and innovative procurement solutions.
Key Responsibilities
- Design and execute sourcing and procurement strategies aligned with business growth, EBITDA goals, innovation efforts, operational efficiency, and sustainability objectives.
- Draft, negotiate, and manage contracts and statements of work with suppliers, service providers, and customers.
- Partner with cross-functional teams to implement and operationalize new or revised agreement scopes.
- Cultivate strong, collaborative relationships with global vendors to foster innovation in product formats and cost-saving opportunities.
- Work alongside operations, marketing, and R&D teams to create and maintain risk management strategies that support product lifecycle planning and budget forecasting.
- Support innovation and core brand growth by collaborating with R&D, production, packaging engineering, and supply planning teams.
- Lead the company-wide procurement strategy, focusing on contract negotiation, cost management, and cross-functional initiatives to reduce operating expenses.
- Manage RFQ processes for existing suppliers to optimize total cost of ownership.
- Build and maintain strong internal stakeholder and executive-level relationships.
- Monitor and analyze supplier performance, capabilities, and strategic alignment—intervening as necessary to ensure continued business success.
Qualifications
Education:
- Bachelor's degree in Business, Supply Chain Management, or a related field (Master’s degree preferred).
Experience:
- Minimum of 7 years in sourcing/procurement, with a strong background in strategy development, vendor relationship management, and risk mitigation.
- Proven experience working across multiple departments in a collaborative environment.
- Strong communication skills with the ability to identify, prioritize, and escalate risks appropriately.
- Skilled in timeline tracking and dashboard reporting for effective decision-making.
- Demonstrated success in vendor negotiations, including complex contract discussions.
Skills & Abilities:
- Strong leadership presence with effective communication across all levels, including executive leadership.
- Ability to drive results in a dynamic and fast-paced environment.
Travel Requirements
- Primarily local travel during business hours. Occasional out-of-area or overnight travel may be required.
Compensation & Benefits
- Competitive base salary with performance-based bonus incentives.
- Comprehensive benefits package including:
- Medical, Dental, and Vision Insurance
- Health Savings Account (HSA) & Flexible Spending Account (FSA)
- Employee Assistance Program
- 401(k) with company match
- Generous Paid Time Off (PTO) and 14 Paid Holidays
Salary : $160,000 - $175,000