Category Manager, Global Product Sourcing

About the role

The Category Manager, Global Product Sourcing will manage various global categories of direct spend across Americas, Europe, India, China, and Asia Pacific. They will serve as the corporate expert for specific global direct categories, communicating with suppliers, setting prices, and making strategic supply decisions.

Responsibilities

• Lead global cross-functional teams focused on integrating and optimizing the global supply chain for complex categories or commodity groups across worldwide locations.
• Drive long-term strategies for global, cross-functional teams to generate supply chain improvement and efficiencies through the optimization of processes, designs, materials, and suppliers.
• Reduce costs regularly and be accountable for realizing $500M - $1MM in related cost savings or cost avoidance per calendar year.
• Develop global business plans and multi-year strategies with key strategic supplier partners to foster product and supply chain innovation and proactively introduce new technologies utilizing key global partners and prospects' full capabilities.
• Support Research & Development through formula component costing, commodity expertise, and supply chain risk assessments.
• Negotiate and execute supply agreements with favorable terms to Herbalife.
• Track market conditions for key commodities and work proactively with suppliers and finished goods manufacturers to minimize potential cost increases and realize potential cost savings.
• Engage executive-level contacts at suppliers to garner support for mutual global supply chain initiatives and objectives.
• Lead supplier segmentation process and negotiate global alignment to leverage spend within the multi-year global commodity strategy.

Qualifications

• 7 years of purchasing and procurement experience, including at least 2 years in sourcing or category management.
• Experience working in a fast-paced environment managing multiple projects concurrently.
• Demonstrated record of exceeding goals in cost savings and supplier performance.
• Experience working in an environment where Sourcing is an influencer rather than a decision maker.
• Strong understanding of Sourcing best practices and strategies to execute opportunities for cost savings, risk mitigation, and innovation.
• Strong strategic and analytical skills to develop complex, multi-year strategic business plans for innovation in global categories.
• Well-developed understanding of contract development and negotiation.
• Demonstrated leadership skills with executive presence.
• Recognized business acumen with global savvy and cultural sensitivity.
• Excellent interpersonal and communication skills.
• Strong business ethics.

Skills and Background Required

• 7 years of purchasing and procurement experience, including at least 2 years in sourcing or category management.
• Experience working in a fast-paced environment managing multiple projects concurrently.
• Demonstrated record of exceeding goals in cost savings and supplier performance.
• Experience working in an environment where Sourcing is an influencer rather than a decision maker.
• Strong understanding of Sourcing best practices and strategies to execute opportunities for cost savings, risk mitigation, and innovation.
• Strong strategic and analytical skills to develop complex, multi-year strategic business plans for innovation in global categories.
• Well-developed understanding of contract development and negotiation.
• Demonstrated leadership skills with executive presence.
• Recognized business acumen with global savvy and cultural sensitivity.
• Excellent interpersonal and communication skills.
• Strong business ethics.

Education

• Bachelor's degree in Business, Accounting, Finance, Supply Chain Management, or a related field.