SUMMARY OF POSITION:
The Vice President, Chief Procurement Officer (CPO) will be responsible for the company’s global procurement activities. This will include direct accountability for the corporate procurement team and indirect accountability for procurement activities at the company’s manufacturing locations globally. Ensuring all spend on direct materials, indirect materials, energy, and capital projects is within the scope of the position. The core areas of responsibility include Commercial and Corporate services, Science & Technology, Internal Manufacturing, and Global External Supply. The CPO will develop and implement procurement strategies which are aligned with the company’s corporate and business strategies and goals, including cost reduction, quality, service, and risk management objectives. The CPO will assure the appropriate processes and tools are developed and implemented and will develop a high performing team. The CPO will also oversee the day-to-day (tactical) operation of the global Procurement function, guaranteeing quality checks are being completed on purchasing and contractual documents; evaluating and recommending changes to improve processing of purchase orders and contracts, etc. This position will ensure that Procurement-related strategies are effectively implemented, measured and reported upon. Oversight of the Procurement function includes ensuring purchasing documents are in compliance with state and federal laws, rules and regulations; resolving high profile issues; informing management of changes to regulations, policies and procedures.
- Develop and improve the procurement organizational model to meet the current and future requirements of the company in terms of economy, consistency, quality and service to the overall supply chain.
- Define global sourcing strategies and ensure their execution in a way that is consistent with business strategies and cost, quality, service, and risk management objectives.
- Determine policies, processes and resources for an effective and efficient purchasing capability at the corporate level and at the manufacturing sites.
- Personally engage as appropriate and direct the team to negotiate, implement and manage agreements with suppliers, determining volumes, quality, service and effectiveness standards, and efficiency of procurement flows to be achieved.
- Assign projects, tasks and annual objectives to Procurement team, determining goals to be reached in terms of costs, service levels and efficiency.
- Conduct project sourcing and strategic sourcing in accordance with business requirements.
- Implement vendor management processes and personally manage select supplier relationships at senior levels.
- Ensure that suppliers and contracts comply with specific policies and are in line with Procurement’s strategic objectives.
- Review and evaluate purchasing techniques and procedures to enhance efficiency and effectiveness.
- Advice business on procurement issues as it relates to its key initiatives, including cost management, capital projects, R&D projects, M&A, growth initiatives, etc.
- Take accountability for the delivery of Procurement-related initiatives.
- Ensure the proactive delivery of projects in alignment with the Corporate Procurement strategy.
- Report on all procurement activities that fall within scope of responsibility.
- Implement and manage an effective and efficient scorekeeping methodology for the company’s global procurement activities.
- Assure the procurement organization is functioning at a high level of performance.
- Contribute to the mentoring and coaching of team members.
- Empower and share knowledge and best practice with all internal and external stakeholders.
- Develop the Procurement team into a high performance group.
- Take accountability for performance and delivery of projects.
- Interact effectively with the company’s executive committee as necessary.
- Interact effectively with all businesses and functions within the company.
Education: technical or business undergraduatedegree, preferably with an MBA
- Minimum 15years overall professional experience in positions of increasing responsibility;
- At least 7 years in procurement leadership positions;
- Pharma and/or medical experiencepreferred.
- Knowledge and experience of Strategic Sourcing Methodology
- Strong analytical skills
- Knowledge in managing major contracts, supplier relationships and the supply chain
- Federal and State laws governing procurement, budgeting, and contractual agreements
- Contract formation and administration
- Contractual language, negotiations, and dispute mediation
- Relevant business law
- Customer/supplier relations
- Excellent communications skills
- Strong leadership and influencing skills, including the ability to work collaboratively and effectively with leaders and employees at all levels in the organization.
- Possess a proven track record of process improvement and cross-functional teamwork.
- Ability to attract, retain, and lead a high performing team.