Director, Strategic Sourcing and Procurement

Description

SPS Commerce is a leading provider of cloud-based supply chain management solutions, serving a global network of retail trading partners. We foster a collaborative and inclusive work environment where innovation and continuous improvement are highly valued. Join SPS Commerce and be part of a dynamic team that’s transforming the global retail supply chain!    

Position Summary:   

The Director, Strategic Sourcing & Procurement is a new role on our senior leadership team and will be pivotal to creating this important function within the organization. This role is responsible for developing and executing strategies to optimize the company's sourcing and procurement operations, ensuring quality and sustainability. This role will involve developing and implementing procurement strategies, developing and managing vendor relationships, drive cost efficiencies and ensuring alignment with the organization’s overall strategic goals. The ideal candidate will have a strong background in strategic sourcing, negotiation, and leadership. 

Reporting directly to the VP Finance and Corporate Controller, the Director, Strategic Sourcing and Procurement should be a self-starter with an aptitude to develop and grow this function. This pivotal role requires a seasoned strategic thinker with strong leadership and communication skills. The director will work across all areas of the organization to align strong vendor strategies in support of their business goals. This role demands a dynamic, innovative leader who can drive strategic initiatives while ensuring operational excellence. The Director, Strategic Sourcing and Procurement is a key contributor to the company’s success, enabling it to achieve cost efficiencies, support growth and maintain quality standards. 

As a collaborative leader, the Director will proactively partner with cross-functional stakeholders around the company to ensure organizational success. Developing and leveraging these relationships will be key to their success. 

As a high growth organization with growth coming organically and through business development activities (both domestically and across the globe), it is an excellent opportunity for someone to join and be involved in acquisition and other growth-related activities in a very meaningful way. A successful candidate will have sound general leadership and business acumen, technical and analytical skills, and demonstrated ability to think critically as well as build capabilities for organizations. 

 

Key Responsibilities:   

Strategic Leadership and Planning: 

• Develop and own a comprehensive sourcing and procurement strategy aligned with the company's business objectives. 

• Lead innovation in procurement practices to create competitive advantages and operational efficiencies. 

• Set clear performance metrics and benchmarks for procurement operations. 

• Align procurement policies and procedures with organizational goals and compliance standards. 

• Conduct and monitor market trends and industry developments to identify new opportunities and mitigate risks. 

• Develop and lead initiatives to optimize the company's worldwide sourcing and procurement structure to maximize vendor strategies and spend. 

• Provide guidance and support to local and regional teams. 

Supplier and Vendor Management: 

• Establish and maintain strong relationships with key suppliers and vendors. 

• Identify, evaluate, and manage supplier relationships to ensure quality, cost-effectiveness, and reliability. 

• Negotiate contracts, pricing, and terms to achieve optimal value for the organization. Manage contract renewals or renegotiations effectively. 

• Establish and maintain a supplier performance evaluation system to ensure adherence to company standards and policies. 

  

Financial and Operational Excellence: 

• Oversee procurement, ensuring timely and cost-effective delivery. 

• Optimize sourcing processes, leveraging technology and data analytics for improved efficiency and to improve purchasing decisions. 

• Manage budgets and ensure procurement activities contribute to overall financial goals. 

• Monitor and analyze procurement spending to identify cost-saving opportunities. 

• Report on procurement performance and financial impacts to supported senior leadership. 

Collaboration and Team Leadership: 

• Build, lead and mentor the sourcing and procurement team, fostering a collaborative and high-performing environment. 

• Provide training and development opportunities to build team capabilities and expertise.