Strategic Sourcing & Purchasing Manager
BAM Ventures · West Hollywood, CA · 6 days ago
PurchasingContract
Primary Responsibilities
- Identify, evaluate, and qualify new domestic and international suppliers.
- Develop competitive sourcing strategies for raw materials, packaging, finished goods, indirect spend, and services.
- Lead RFQs, RFPs, and supplier negotiations.
- Negotiate pricing, payment terms, contracts, rebates, and service agreements.
- Reduce overall procurement costs while maintaining or improving quality and service.
- Analyze company-wide purchasing spend to identify consolidation opportunities.
- Standardize vendors across business units whenever practical.
- Improve supplier performance through scorecards and regular business reviews.
- Manage supplier relationships and resolve supply issues.
- Support inventory optimization and purchasing planning.
- Build purchasing policies, procedures, and internal controls.
- Develop standard operating procedures for purchasing activities.
- Create reporting and KPI dashboards measuring savings, supplier performance, purchasing cycle times, and contract compliance.
- Partner closely with Operations, Manufacturing, Finance, Product Development, and Sales.
- Design the future purchasing organization.
- Recruit, train, and manage buyers as the department expands.
- Establish purchasing workflows and approval processes.
- Drive continuous improvement throughout the procurement function.
Qualifications
- 7+ years of purchasing, procurement, or strategic sourcing experience.
- Demonstrated success negotiating supplier contracts and reducing costs.
- Experience sourcing new vendors and qualifying suppliers.
- Strong analytical and negotiation skills.
- Experience managing multiple product categories simultaneously.
- Advanced Excel skills.
- Experience working with ERP systems.
Success Measures
- Deliver measurable cost savings across key spend categories within the first 12 months.
- Consolidate suppliers where appropriate within the first 12 months.
- Improve supplier quality and delivery performance within the first 12 months.
- Establish standardized purchasing processes within the first 12 months.
- Create purchasing KPIs and reporting within the first 12 months.
- Create the foundation for a scalable purchasing department within the first 12 months.
- Recruit and lead additional purchasing personnel as business needs grow.
Location
- Preferred: Los Angeles area (hybrid or on-site)
- Remote candidates with significant strategic sourcing experience will also be considered.
Benefits & Perks
- 100% Employer Paid Health, Dental and Vision benefits
- Employer Paid Life Insurance and Disability benefits
- Wellness, Phone, and Internet allowances
- Professional Development/Education and Home Office allowances
- 401(k) and Employer Match
- Competitive salary
- Flexible PTO
- Flexible WFH hours (Hybrid Position)
- Employee Product Discounts
- And More!