Job Description
Position Summary:
The Director of Strategic Procurement at The Children's Place is responsible for leading strategic sourcing initiatives, collaboratively developing and implementing strategies to optimize the company’s non-merchandise spend and supporting the company's ongoing profit improvement efforts.
The Director leads a small Strategic Procurement team that is responsible for around $400M spend, ranging from supply chain, marketing, IT, stores, and professional services.
• Provides leadership to influence and strategically source of all non-merchandise spend.
• Leads strategic sourcing efforts, develops talent, leverages technology, and drives new value.
• Develops pipeline of projects, builds relationships with key executives/ spend owners, leads sourcing team, and runs complex strategic sourcing projects.
• Is responsible for conducting spend analysis, analyzing supply markets, identifying sourcing value levers, executing competitive RFIs/RFPs and leading supplier negotiations.
Primary Responsibilities/Accountabilities:
- Designs and develops a value initiative pipeline to optimize around $400M of non-merchandise spend to yield aggressive savings.
- Prioritizes sourcing efforts, develops baseline spend, and manages sequential sourcing waves.
- Works with business teams to sponsor initiatives, and agree on business goals and key requirements.
- Builds strong relationships with business teams and key stakeholders, removes obstacles for sourcing teams, and works with Finance and business teams to ensure negotiated savings are realized.
- Collaborates with the business to ensure clarity of specifications and requirements.
- Leads strategic sourcing initiatives, following a 7-step spend management methodology. Ensures process excellence, and frames strategic issues and supply options.
- Conducts successful supplier negotiations focused on total cost and ensures all business terms are clearly outlined in supplier agreements.
- Develops implementation and transition plans and supports change management initiatives.
- Manages complex sourcing and demand management initiatives.
- Ensures teams understand supply markets and develop innovative supply solutions.
- Develops strong supplier partnership and development programs. Conducts quarterly business reviews, measures performance through scorecards, and ensures new value is created year-over-year.
- Ensures integrity of savings tracking and reporting efforts.
- Hires, develops, and coaches Strategic Procurement team.
- Establishes and creates department training and development programs.
- Works with business teams to demonstrate strategic value of Strategic Procurement team, and ensures strong sponsorship and participation from cross-functional teams.
- Develops, communicates, and actively manages Strategic Procurement goals and strategies with internal stakeholders and suppliers.
- Ensures integrity of work done, following vision, mission, and values.
Required Skills & Experience:
- Proven ability to develop and lead complex strategic sourcing strategies and initiatives.
- Proven ability to lead high-performance teams and build strong and lasting partnerships.
- Strategic and innovative thinker who can develop and implement new business models and keep pace with changing marketplace.
- Strong team player, with the innate ability to build and maintain strong cross-functional relationships.
- Proven ability to attract, lead, and develop people.
- Track record of managing complex sourcing and demand management efforts.
- Effective negotiator with strong business acumen and project management skills.
- Excellent communication (both verbal and written), and facilitation skills.
- Deep knowledge of financial accounting, strategic sourcing, and supplier management concepts.
- Excellent analytical, problem-solving, and project management skills.
- Ability to develop relationships with key Business Partners
- Experience sourcing a variety of categories, including the following:
- Marketing (digital media, agency, production, and creative)
- IT (Hardware, Software, Software-As-Service, E-Commerce, Cloud Services)
- Supply Chain (Small Parcel, Ocean /Air/ Ground freight, Fulfillment, etc.)
- Real Estate, Facilities, and Store Operations
- Professional Services/HR/Finance
- Knowledge of Supplier Management tools (SRM, Quarterly Business Reviews, etc.).
- Proficient in MS Office Suite Excel, Power BI, Power Point, etc.
- Technology-savvy to leverage eProcurement, eSourcing, Project Management, and Spend Analytics tools, including but not limited to: SAP, Per Angusta, Market Dojo, and SpendData.
- Ability to perform in a fast-paced, goal-oriented, and time-sensitive environment
- Ability to lead and influence change in the face of complexity and ambiguity.
- Retail / CPG experience preferred.
Minimum Educational Level:
- Bachelor's degree in supply chain, business administration, logistics, finance, engineering, or related discipline
- MBA or Master's degree a plus
- CPM, CIRM or CPIM certification a plus
Minimum Experience:
- Ten plus years of professional experience in Strategic Sourcing, operations or general management consulting, logistics or supply chain.
- Experience in a dynamic organization with experience and exposure in advanced sourcing strategies.
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