Director-New Product Development Strategic Sourcing

About the role

Defines, implements, and owns the organization’s overall sourcing strategy (for new product development) and develops a procurement plan, the definition of requirements, the selection of suppliers, the development of offers, lead negotiator, the development/execution of contracts, and the management of contracts. Leads operations that build value-driven vendor partnerships focusing on risk management, reliability, and cost-effectiveness for the New Product Development Supply Chain across the company. This includes the near-time planning time fence (within the year) and out-going years. Responsible for the budget, order fulfillment, and/or inventory of area of responsibility (Product Development/Programs). Responsible for initiating the supply chain (New Product Development) for a several hundred million dollar annual spend.

Responsibilities

• Manage the delivery of product as part of the organization’s new product development sourcing/procurement strategy
• Develop and gain agreement to annual business plans for new product development/programs, ensuring alignment with strategy; quantify business outcomes (i.e. revenues or other Key Performance Indicators (KPIs)); detail expense and headcount budgets; and develop business cases for key projects, ensuring cross-functional integration.
• Take responsibility for setting and managing area budgets so they align with organizational strategy.
• Communicate the function's strategy and its relationship to the organization's mission, vision and values; clarify the actions needed to implement it within the area of responsibility; motivate people to commit to these and to doing extraordinary things to achieve the organization's business goals.
• Identify and manage stakeholders up to top management level, finding out their needs/issues/concerns and reacting to these by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions.
• Support the overall organizational strategy by developing and delivering operational plans and outcomes for new product development.
• Manage the delivery of a major part of the organization's product development program.
• Take personal responsibility for a small number of mission-critical strategic supplier relationships for the new product development supply chain.
• Manage and report on the performance of the function / business area; set appropriate performance objectives for direct reports and hold them accountable for achieving these; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.
• Manage the development/training for direct reports
• Implement Risk Management through the New Product Development supply chain
• Lead the development of partnering relationships with senior executives throughout the organization, building high levels of professional credibility and mutual trust, and ensuring that internal clients have access to high-quality advice and guidance to support in delivering business strategy and plans
• Define the detailed organization structure for a business area to align with corporate principles, define the relationship between elements of the organization, and define the responsibilities of senior managers, to enable the organization to achieve its business objectives.
• Identify the capabilities