Director, Sourcing & Procurement

Company: SupportFinity---
Location: San Francisco
Posted on: November 1, 2024

Job Description:

Biote Medical is the world leader in hormone optimization and we are adding to our team! We partner with providers to take a complete approach to healthier aging through patient-specific bioidentical hormone replacement therapy and the only nutraceutical line created specifically to support hormone health.We are currently looking for a Director, Sourcing & Procurement to join our team based out of our Irving, TX HQ.Position Summary:The Director of Sourcing and Procurement will be responsible for leading procurement efforts to efficiently and effectively enable Biote to maximize the value they receive from suppliers to meet their objectives. The Director of Sourcing and Procurement will work with internal stakeholders from initial need identification to final goods or service delivery. The process starts with demand management which then drives supply analysis/strategy, supplier identification, sourcing execution, contract negotiation, delivery planning and monitoring, purchase execution, and then ongoing performance management and continuous process improvement.You will work with senior stakeholders to align procurement activities with their strategic, operational and financial objectives, and to enlist their support in sourcing improvement efforts.You will initially be responsible for implementing the procurement strategy including staffing the function and utilizing best practices to transform the operating framework from an informal / manual process to an end to end Source to Pay framework. After implementation, the Director Sourcing & Procurement will manage and be accountable for ongoing purchasing efforts including requisitioning and purchase order management.Essential Functions

• Oversees, and is accountable for, the implementation of best practice sourcing and procurement strategy.
• Manages assigned team and is responsible for the recruitment, hiring, and training and development of team members.
• Leadership of sourcing and procurement processes in sourcing, contracting, transactional purchasing, supplier management, and miscellaneous internal procurement support activities.
• Coordinates with various functional groups, including Manufacturing, Quality, Regulatory, Clinical Operations, Commercial, Marketing, Finance and others.
• Develops and maintains a robust Supplier Relationship Management Program focused on supplier Business Alliance, Performance, and Continuous Improvement in corporate operations and all sales channels including Nutraceuticals, Pellets, Trocars and Patient Rx including periodic business review meetings and supplier visits.
• Designs, analyzes, and monitors sourcing and procurement scorecard metrics.
• Optimizes sourcing and purchasing software systems (i.e., ProcureDesk P2P, Fishbowl GMP manufacturing, etc.).
• Creation and ongoing development of strong direct (GMP) and indirect supplier networks.
• Identification and realization of sourcing Total Value attributes including cost savings, demand management, quality enhancement, compliance management opportunities.
• Development of enterprise-wide sourcing category strategies in partnership with the executive leadership, including creation and management of short, mid, and long-term sourcing goals and objectives that are tied into the financial planning process.
• Ongoing development, ownership, and maintenance of the Biote Procurement Policy.
• Ownership of the sourcing and procurement department's budget.
• Other duties as assigned.Required Education and Experience
  • Bachelor of Science degree in supply chain management, economics, finance, operations, engineering, or related fields.
  • 10 + years of sourcing and procurement experience.
  • Experience in leading and developing new sourcing and procurement organizations, experience with transformation and developing the sourcing and procurement functions.Knowledge, Skills, and Abilities:
    • Exemplary leadership skills.
    • Team player who can easily collaborate with senior leaders across the business.
    • In depth knowledge of finance and accounting in terms of budgeting, cost management, financial accounting, treasury, risk management, etc.
    • Excellent communication skills and even better listening skills that allow the Director Sourcing & Procurement to listen to the "voice of the internal customer" and to understand the company culture and how to best communicate sourcing's Total Value philosophy.
    • Ability to "sell" procurement's Total Value Concept and to run sourcing and procurement as a services business.
    • Change management skills and self-awareness to take varying approaches with a dynamic set of stakeholders.
    • In-depth knowledge of sourcing and procurement principles and best practices.
    • Experience with modern sourcing and procurement systems (Sage Intacct ERP and ProcureDesk P2P System experience a plus).
    • Familiarity with relevant legislative and regulatory requirements, as well as a sophisticated understanding of contractual terms and conditions to mitigate legal risk.
    • Strategic mindset and problem-solving skills.
    • Knowledge of enterprise risk management and business continuity planning.
    • Analytical mindset, but also creativity to seek, encourage and find non-traditional approaches to solve problems.
    • Strong working knowledge and depth of experience in supply chain management capabilities such as inventory management, demand planning, forecasting, replenishment and logistics.
    • Results-oriented, metrics-driven leader with expertise in sourcing, purchasing, supplier collaboration, team development, and compliance.
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Keywords: SupportFinity---, Sacramento , Director, Sourcing & Procurement, Accounting, Auditing , San Francisco, California