Procurement & Strategic Sourcing Manager

Procurement & Strategic Sourcing Manager

Velocity Restorations is a high-growth manufacturer of premium classic vehicles, producing approximately 150 complete vehicles annually. Our supply organization manages approximately $25 million in annual material spend, $8 million in inventory, roughly 8,000 active SKUs, and approximately 250 suppliers.

Velocity is transitioning from a traditional restoration environment into a disciplined manufacturing operation. We are looking for leaders who have built scalable systems - not simply operated inside systems someone else created.

The Procurement & Strategic Sourcing Manager will have full ownership of Velocity's purchasing and strategic sourcing function. This is not a transactional purchasing position. We are looking for a proven procurement leader capable of rebuilding processes, developing buyers, negotiating sophisticated supplier agreements, establishing vendor-management systems, reducing supply risk, and creating a professional procurement organization.

The successful candidate must be equally comfortable negotiating a multimillion-dollar supplier agreement, sourcing a difficult-to-find component, reviewing machining costs, developing an overseas supplier, and sitting beside a buyer teaching them how to negotiate a purchase order. This individual will have significant autonomy to redesign the department.

• Lead, coach and develop Velocity's purchasing team.
• Establish clear buyer responsibilities, commodity ownership and purchasing standards.
• Personally train buyers in negotiation, sourcing, supplier management, commercial analysis and PO management.
• Establish purchasing SOPs, approval structures and escalation processes.
• Build a disciplined daily and weekly management cadence.

• Develop domestic and international sourcing strategies.
• Identify and qualify alternate suppliers for critical and high-risk components.
• Source fabricated, machined, cast, forged, electrical, mechanical and automotive components.
• Develop overseas sourcing relationships where commercially and operationally appropriate.
• Evaluate make-versus-buy opportunities and support outsourcing of machining, fabrication and other manufacturing processes.

• Lead commercial negotiations with key suppliers.
• Negotiate pricing, payment terms, lead times, freight terms, tooling ownership, warranty obligations, minimum-order quantities and long-term supply agreements.
• Understand and negotiate PO terms and conditions.
• Develop RFQ/RFP processes and competitive sourcing events.
• Establish annual cost-reduction targets.

• Segment Velocity's supplier base by spend, criticality and risk.
• Establish supplier scorecards covering quality, cost, delivery and responsiveness.
• Conduct regular business reviews with key suppliers and develop corrective-action plans for underperforming suppliers.
• Reduce single-source and long-lead-time risk.

• Partner closely with Supply Chain Management and Production Planning to ensure material availability.
• Use MRP/ERP data to proactively identify future shortages.
• Drive supplier commitments against production requirements.
• Eliminate dependence on last-minute expediting and firefighting.

• Build a formal procurement operating system.
• Establish commodity and supplier ownership across the buyer team.
• Develop measurable buyer performance standards.
• Implement supplier scorecards for strategic suppliers.
• Establish contract and negotiation standards.
• Reduce past-due purchase orders and supplier shortages.
• Produce measurable purchase-price and total-cost improvements.
• Develop alternate sources for critical supply risks.
• Raise the capability of every buyer on the team.

We are specifically looking for someone who has built or transformed a procurement organization.

• 10+ years of manufacturing procurement/supply-chain experience.
• Significant leadership experience developing buyers.
• Strategic sourcing and supplier-development experience.
• Contract and commercial negotiation expertise.
• Domestic and international sourcing experience.
• Experience sourcing machined and fabricated components.
• Strong understanding of manufacturing processes and cost drivers.
• ERP/MRP expertise;
  Net Suite experience preferred.
• Demonstrated cost savings and supplier-performance improvement.
• Experience creating procurement processes, KPIs and SOPs from the ground up.

• Supplier on-time delivery
• Material shortages affecting production
• Past-due PO reduction
• Purchase-price / total-cost improvement
• Supplier quality
• Strategic supplier coverage
• Alternate-source development
• Buyer development
• Contract coverage
• Expedite spend