Procurement Manager leading strategic direct purchasing activities at ILC Dover, specializing in advanced flexible material solutions. Focusing on supplier relations and procurement strategies in pharmaceutical and medical sectors.
About the role
- Direct Sourcing Director at Paysafe developing sourcing strategies for digital payments. Leading cost optimization and supplier management processes to drive financial value in the business.
Responsibilities
- Develop and execute sourcing strategies for suppliers/partners in the Digital Payments platforms and merchants’ business ecosystem.
- Conduct market analysis and benchmarking to identify cost-saving opportunities and innovative solutions.
- Negotiate contracts inclusive of favorable business terms such as working capital optimization, cost optimization, volume-based rebates, and risk-sharing mechanisms.
- Build and maintain Trusted Advisor relationships with business community.
- Build and maintain strategic partnerships with key suppliers.
- Work in concert with the Vendor Management and Stakeholder community to implement supplier performance management.
- Partner with Stakeholders; Finance, Operations, Technology, and Legal to align sourcing strategies with business objectives as needed.
- Ensure adherence to regulatory requirements, data security standards, and company policies.
- Work collaboratively with Supplier Risk Management Measurements. Cost Savings: Achieve annual cost reduction targets (e.g., 10-20% Hard and Soft savings).
- Working Capital Impact: Improve cash flow through optimized payment terms and discount programs.
- Supplier Performance: Maintain compliance and quality standards via SLAs and other measurements. Contract Compliance: Ensure 100% adherence to negotiated terms.
- Innovation: Introduce supplier strategies (e.g. consolidations, new suppliers that improve client and/or stakeholder experience)
- Stakeholder Satisfaction: Via Net-Promoter scores and other tools, receive positive feedback from business community on sourcing expertise, partnership and responsiveness.
Requirements
- Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or related field.
- 10 years of experience in strategic sourcing or procurement, with at least 5 years in a leadership role.
- Strong negotiation and contract management skills, including working capital strategies.
- Expertise in the Digital Payments Industry/Financial Technology sourcing.
- Preferred: Master’s degree (MBA or equivalent).
Benefits
- Equal Employment Opportunity.
- Professional certifications: CPSM, CSCP, or CPIM.
- Flexible working arrangements
- Health insurance
Job title
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