Strategic Sourcing Manager

Strategic Sourcing Senior Manager

Since 1935, GNC has been a global leader in health and wellness innovation, inspiring people to achieve their goals with a trusted and dynamic range of products. As #TeamGNC, we prioritize our consumers, constantly collaborating and developing new ideas to deliver cutting-edge solutions. Our team is passionate about driving change and turning aspirations into actions. We believe that good health is the greatest gift, and there's nothing more rewarding than helping others achieve it.

Join us in empowering others to Live Well!

At GNC we embrace a "Live Well" philosophy, fostering a dynamic environment where innovation meets passion. Whether someone is an athlete or just starting to focus on their health, we want to deliver the cutting-edge products they deserve. We are looking for an individual who is excited and eager to play a pivotal role in driving excellence in the health and wellness industry.

This position offers the opportunity to engage in a collaborative environment where you will make a personal impact every day.

The Strategic Sourcing Senior Manager will collaborate with Product Development, Brand, and other internal departments as well as external manufacturing partners as it relates to sourcing of goods, materials, and services to ensure that the company operational needs are met, considering quality, service, and price to ensure continuity of supply for all GNC's products. This position may lead and coach teams who will work directly with our ingredient/component manufacturing partners to determine availability of new/improved ingredients to streamline new product development.

The individual will also develop sourcing programs, at time specify suppliers and specific suppliers or commodities which actively support the strategic vision of GNC and is expected to actively contribute to the team to achieve those goals.

JOB RESPONSIBILITIES:

• Develop strategic sourcing strategies for specific categories being purchased using focused industry analysis, criticality analysis, business knowledge, competitive analysis, and sourcing expertise
• Lead and coach internal business partners and team members on the sourcing process: gather requirements, market analysis, identifying sources, proposal evaluation, negotiations, contract creation, contract management, spend analysis, and long-term category planning.
• Identify, evaluate, and select suppliers based on cost, quality, reliability, and strategic fit.
• Build and maintain strong supplier relationships. Serve as a central point of contact for all supplier-related activities and decisions.
• Develop supplier performance metrics (KPIs) and lead performance reviews.
• Drive continuous improvement - Ensure competitive Price, Quality & Delivery Performance. Conduct total cost of ownership (TCO) analysis.
• Support Marketing and Retail Ops leadership in development of supply base and commodity strategies consistent with business initiatives
• Establish supplier relationship management processes and continuous improvement goals/programs
• Work with our finished product manufacturing partners and raw material suppliers to identify challenges associated with the development of new products as it pertains to new product concepts, new/existing packaging designs, raw material and component sourcing
• Update suppliers on changes in volume to leverage new pricing while building trust and partnership with key suppliers.
• Propose cost savings initiatives through competitive sourcing and changing ingredients to cheaper options with the customer in mind.
• Manage bidding processes and apply proper leverage.
• Track historical pricing and create benchmarks for future supplier negotiations based off market conditions at that time.
• Investigate and recommend new supplement/component manufacturers, manufacturing technologies and potential manufacturing partners with an emphasis on high quality, small MOQ's, short lead-times, and low cost
• Negotiate contracts and pricing structures. Ensure contract terms include quality and service level expectations.
• Manage supply chain risks (e.g., geopolitical, financial, operational).
• Develop dual sourcing strategies and contingency…