VP of PROCUREMENT

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Regular Full-Time Executive Largo, FL, US

3 days ago Requisition

The Vice President of Procurement provides enterprise-wide leadership for strategic sourcing and procurement across Formulated Solutions’ multi-site Contract Development and Manufacturing Organization (CDMO). Reporting to the Chief Supply Chain Officer, this role is responsible for building and executing procurement strategies that ensure reliable supply, improve cost competitiveness, optimize working capital, and support profitable business growth. The Vice President leads the sourcing and management of direct materials, indirect goods and services, and capital expenditures while balancing cost, quality, service, regulatory compliance, customer commitments, and cash requirements.

The position must develop creative, sustainable solutions involving supplier terms, inventory levels, minimum order quantities, lead times, consignment arrangements, sourcing strategies, and payment prioritization. The Vice President partners closely with Finance, Operations, Supply Chain, Quality, R&D, Engineering, Commercial, and Business Development to manage liquidity without compromising product quality, regulatory compliance, customer service, or continuity of supply.

This is a hands-on leadership role requiring strategic vision, strong commercial and financial acumen, disciplined execution, and the ability to build trusted supplier relationships. The Vice President leads Category Managers and site procurement teams and establishes consistent procurement practices across the organization.

• Develop and execute an enterprise-wide procurement strategy aligned with the company’s business objectives, customer commitments, operating plans, and financial requirements.
• Lead strategic sourcing and category management for direct materials, packaging components, indirect goods and services, and capital expenditures across the company’s multi-site network.
• Establish procurement priorities, policies, processes, governance, and performance standards across all locations.
• Build, organize, develop, and lead a high-performing procurement team while remaining actively involved in critical sourcing, negotiation, supplier, and operational matters.
• Develop category strategies using spend analytics, market intelligence, supplier capabilities, demand forecasts, cost drivers, and industry trends.
• Serve as a member of the Executive Leadership Team and contribute to enterprise and cross-functional initiatives.

• Partner closely with the Chief Supply Chain Officer and Finance to develop procurement strategies that support cash-flow and working-capital objectives.
• Optimize payment terms, lead times, minimum and economic order quantities, safety-stock levels, consignment arrangements, vendor-managed inventory, and inventory ownership models.
• Balance liquidity requirements with supplier sustainability, continuity of supply, contractual obligations, customer commitments, and long-term commercial relationships.
• Develop fact-based recommendations for supplier payment prioritization when cash is constrained, considering supply risk, production requirements, customer impact, and business continuity.
• Negotiate extended payment terms and other working-capital improvements without creating unacceptable supply, quality, legal, or reputational risk.
• Identify and reduce excess, obsolete, slow-moving, and at-risk inventory in partnership with Supply Chain, Operations, Commercial, Quality, and Finance.
• Improve purchasing discipline and demand visibility to prevent unnecessary purchases, expedited freight, inventory accumulation, and cash leakage.

• Lead competitive sourcing, supplier selection, negotiations, contracting, and ongoing commercial management for direct, indirect, and capital purchases.
• Apply structured category management and strategic sourcing methodologies to clarify requirements, analyze supply markets, evaluate options, reduce total cost, and increase business value.
• Identify, validate, and deliver measurable cost savings, cost avoidance, productivity improvements, and working-capital benefits.
• Partner with Finance to ensure procurement savings and other value-creation initiatives are appropriately forecasted, validated, tracked, and reflected in the P&L and cash flow.
• Develop strategies to manage inflation, tariffs, duties, freight costs, commodity volatility, foreign exchange exposure, and other market risks.
• Establish should-cost models, total-cost-of-ownership analyses, supplier benchmarks, and fact-based negotiation strategies.
• Lead negotiations for high-value, high-risk, and business-critical supplier agreements.

• Establish a comprehensive…