Ferrara Candy Company - Chicago, IL

posted about 2 months ago

Full-time - Mid Level
Chicago, IL
5,001-10,000 employees
Merchant Wholesalers, Nondurable Goods

About the position

The Manager, Procurement - Contract Manufacturing at Ferrara Candy Company is responsible for developing and implementing best-in-class procurement strategies for external manufacturing. This role focuses on supplier identification, sourcing strategies, and supplier relationship management to optimize value within the external manufacturing segment. The position aims to enhance category knowledge and expand product manufacturability with outside vendors, contributing to the overall success of the procurement group.

Responsibilities

  • Develop strong relationships with current and potential new suppliers to identify improvement opportunities for ingredients, packaging materials, and/or equipment.
  • Responsible for all aspects of category management.
  • Develop category strategies in consultation with key stakeholders.
  • Conduct category spend analysis and supplier segmentation.
  • Manage supplier relationships to lower costs, drive innovation, and implement risk management, including holding business reviews for select suppliers.
  • Develop sourcing strategies and lead cross-functional strategic sourcing activities to select suppliers and drive benefits.
  • Gather requirements, identify and research suppliers, develop RFI/RFPs, analyze supplier responses, conduct negotiations, and contract with selected suppliers.
  • Develop negotiation strategies and negotiate contracts that align with business objectives.
  • Collaborate with cross-functional partners, including Quality, Supply Chain, Finance, and Marketing on product development and launches.
  • Lead budget efforts and minimize unfavorable financial KPIs while understanding specifications.
  • Develop and execute productivity savings while optimizing the supply base and seeking new technologies.
  • Accountable for compliance with Corporate Environmental Sustainability and Regulatory efforts.
  • Ensure adherence to all company policies and procedures.

Requirements

  • Bachelor's degree or equivalent related experience.
  • Minimum 3 years' purchasing experience, preferably in a CPG food environment.
  • Cross-functional experience is a must.
  • Proficiency with Microsoft Office suite, with strong emphasis on Excel and PowerPoint.
  • ERP system experience required, SAP experience preferred.
  • Knowledge of product labeling regulations and nutritional information is helpful.
  • Strong negotiation, contract development, and analysis skills.
  • Excellent organization skills with the ability to handle multiple workstreams.
  • Strong problem-solving and strategic thinking ability.

Nice-to-haves

  • Master's degree or certification preferred.
  • Bi-lingual (Spanish) is a plus, but not required.

Benefits

  • Opportunities for advancement
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service