Sr Mgr Strategic Sourcing

Schwan’s Shared Services, LLC, a subsidiary of Schwan’s Company, seeks a Senior Manager Strategic Sourcing at our office in Hopkins, Minnesota.

About the role

Accountable for the management of assigned category(s) spend of up to $75m including research, negotiation, contracting, budgeting, and communication to all stakeholders with minimal supervision. Prepare and present reports to senior leadership and customers as required. Travel to plant and vendor locations as needed to maintain relationships.

• Determine category pricing by conducting market research, negotiating, proactive supplier contracting, and establishing commodity futures positions (inclusive of futures/options/financial hedging).
• Manage operational, supply, and quality issues for the category.
• Support the new product development process, generate year-over-year productivity, and manage projects through the Stage Gate process.
• Develop and manage the supplier base to ensure optimized cost and supply for SFC operating facilities.
• Identify potential suppliers, organize, negotiate costs, terms, and conditions, and manage assigned product categories within multiple business units.
• Lead complex negotiations.
• Identify metrics, tools, and processes to optimize sourcing, supplier activities, and efficiencies, collaborating with team members to prioritize and drive implementation.
• Interface with plant and corporate management personnel as well as peers within the procurement organization.
• Maintain and apply a broad understanding of financial management principles to ensure decisions are fiscally sound and responsible.
• Utilize risk management tools to hedge prices for traded commodities as assigned.
• Support development of machine learning and AI models to continuously improve the company's risk management practices.
• Develop balance table and stock-to-use analysis for assigned traded commodities.
• Support development and deployment of a global category strategy roadmap.
• Utilize pricing platforms (reverse bidding, auction, online RFP software) to drive efficiencies.
• Continuously strive to reduce the total cost of procured goods and services.
• Understand the contract process and make timely decisions to optimize pricing of competitive bidders.
• Manage discussions between vendors and engineering, operating, or maintenance personnel as required.
• Other duties, as assigned.

Requirements

Must have proof of legal authority to work in the U.S.

• Education: Bachelor’s degree (U.S. or foreign equivalent) in Business Administration, International Studies, China Studies, or a closely related field. A master’s degree (U.S. or foreign equivalent) in the same fields may substitute for experience.
• Experience:
  • For bachelor’s degree holders: Four years of experience in a role such as Buyer, Senior Buyer, Purchasing Manager, Category Manager, Procurement Manager, Purchasing Senior Analyst, Purchasing Professional, or Procurement Planning Specialist, involved in direct purchasing of raw materials or OEM co-pack food products in the food industry for a large food manufacturer and distributor.
  • For master’s degree holders: Two years of the same experience as described above.
• A large food manufacturer and distributor is defined as one with at least $500 million in gross sales or foreign equivalent.

Schedule

• Work from home one day a week in the Minneapolis-St. Paul-Bloomington, MN-WI area is permitted but not required.
• Domestic and international travel to plants and suppliers is required, for approximately 10% of the time.

Pay

The salary for this position ranges from $191,818 to $192,000.

Benefits

Standard employee benefits are included.