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Procurement Director
Fanatics
Jacksonville, FL, United States
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As the global leader in licensed sports merchandise, Fanatics is changing the way fans purchase their favorite team merchandise by partnering with top leagues, clubs and soccer brands worldwide to offer the largest collection of timeless and timely gear from every pro and college team online, on your phone, in stadiums or on-site at the world’s biggest sporting events. A top 50 Internet Retailer Company, Fanatics comprises the broadest online assortment by offering hundreds of thousands of officially licensed items via its Fanatics (www.fanatics.com), FansEdge (www.fansedge.com) and Kitbag (www.kitbag.com) brands, as well as the largest selection of sports collectibles and memorabilia through Fanatics Authentic (www.fanaticsauthentic.com). A multi-channel company, Fanatics operates more than 300 online and offline stores, including the e-commerce business for all major professional sports leagues (NFL, MLB, NBA, NHL, NASCAR, MLS, PGA), major media brands (NBC Sports, CBS Sports, FOX Sports) and more than 200 collegiate and professional team properties, which include several of the biggest global soccer clubs (Manchester United, Real Madrid, Chelsea, Manchester City). The company's in-venue and event retail portfolio includes the NBA, NHL, NASCAR, Wimbledon, Kentucky Derby, The Ryder Cup, Manchester City, Texas Longhorns, Pittsburgh Pirates and New Jersey Devils, allowing fans to experience a seamless shopping experience across online, mobile and physical store locations.
Reporting directly to the CFO this critical role will build, develop, and leverage relationships to deliver lower costs and impact the financial bottom line. In this fast paced growing organization those that are highly motivated and driven to results will have the opportunity to lead, succeed, and advance. The Procurement Director will be responsible for identifying and executing cost reduction strategies across a complex business that includes eCommerce, retail, and manufacturing operations and will work closely with business units located in various Company facilities across the U.S. and in the U.K. to drive efficiency, lower costs, and eliminate redundancies. This hand-on manager will negotiate vendor and other service contracts, perform competitive bidding processes with vendors, manage supplier relationships and determine optimal procurement strategies. The Procurement Manager will research, secure and propose viable vendor options. The procurement manager will be responsible for assuring quality product and services through proper vetting and reference checks while assuring value in effective cost agreements.
Key Responsibilities
• Create, align and execute procurement, cost reduction, and efficiency strategies
• Ensure daily execution of procurement operations is flawless for supply, quality, service, and value creation. Proactively manage risk and all necessary financial controls.
• Maximize cost savings, value creation, collaboration and innovation with key suppliers to improve Company level of profitability
• Develop and maintain expertise, and provide advice, counsel and services, as requested, on vendor selection and relationships, negotiating, price and availability forecasting, expediting, and other purchasing problems and situations to other business units
• Ensure application of established corporate financial controls within the department by providing operating management direction and support to the implementation and maintenance of financial policies, instructions, and internal control procedures.
• Lead the development, communication and implementation of Procurement objectives, operating philosophies, business strategies and organizational visions including the development and preparation of regular reporting.
• Review and own master service agreements and contracts with vendors.
• Together with functional leaders, prepare, distribute and analyze responses to request for proposals (RFP); manage supplier evaluation and selection process; identify sources of supplies and services and develop relationships with suppliers
• Negotiate agreements and ensure compliance to existing contracts as appropriate
• Assist internal clients to develop metrics to manage and measure supplier performance
• Work closely with Legal to ensure contract terms are supported
• Prepare and execute all relevant department SOPs; identify improvement and enhancements in policies, processes and procedures; adjust existing policies to align with on-going continuous improvement activities
Skills Requirements
• Strong orientation towards results and the aggressive pursuit of reductions of costs and delivery timelines
• Demonstrated success in strategically implementing and leveraging purchasing contracts and agreements
• Develop an implementation plan for the procurement function, consistent with Company strategic plans, and execute on that plan
• Develop a procurement strategic plan by streamlining and standardizing procurement activities, reducing the cost of each transaction, building structured processes that enforce accountability before, during and after a product or service is being procured, and identifying opportunities to reduce discretionary spend across the organization
• Provide leadership on the management of outsourced vendor programs for travel, staff augmentation, office supplies and strategic meeting management services
• Change management - educate the organization on the value of procurement and communicate the return on investment to the organization
• Improve procurement processes and facilitate work groups to develop optimal future processes and policies across the organization
• Implement standardized tools and templates to facilitate vendor management
Education and Experience
• BA/BS degree in a business or related field is required; MBA is a plus
• Must have 10+ years of relevant experience in supply chain/procurement
• Experience in creating and enhancing the procurement function in a mid-sized organization
• A solid track record of initiating and carrying out cost reduction/productivity improvement programs.
• Must have project management experience managing large and visible projects
• Proven experience enhancing workflow processes
• Significant proven negotiation capabilities
• Experience with vendor and contract management is required
• Demonstrated leadership skills with ability to successfully interact with all levels of the organization
• Superior quantitative and qualitative analytical skills
• Excellent interpersonal skills and the ability to foster and maintain positive and productive working relationships throughout the organization
• Working knowledge of finance and/or accounting in terms of budgeting, cost management, financial accounting, treasury, risk management, etc.
• Actively makes strategic purchasing recommendations
• Highly organized with the ability to manage multiple priorities and deadlines.
• Change management experience
• Solid computer skills - Microsoft Applications (Outlook, Excel, Word, and PowerPoint)
• Ability to travel up to 50%