Jobs and Careers

Director of Strategic Sourcing

United Statesfull_timeVerifiedPosted 4 Oct 2024

About the role

Director of Strategic Sourcing
About Prototek
Prototek is a leading national provider of digital based manufacturing services including CNC machining, precision sheet metal fabrication, EDM, and additive manufacturing services. Prototek serves a variety of customer end markets, including aerospace, defense, medical, robotics, electronics, consumer, and general industrial. Prototek has manufacturing locations across the United States including facilities in New Hampshire, Wisconsin, California, Colorado, and Pennsylvania. Prototek is ISO 9001:2015 and AS9100D:2016 certified as well as ITAR Registered. For more information, visit www.prototek.com.

Job Summary
The Director of Strategic Sourcing & Outsourcing will be a key member of Prototek’s Leadership responsible for overseeing the procurement of goods and services across multiple business units and locations, as well as helping grow revenue and EBITDA through strategic outsourcing. This position is critical to achieving the company’s top line and bottom-line growth targets. The Director will lead the development and execution of strategic sourcing initiatives, expand and manage outsourcing contracts, and ensure alignment with the company's overall business objectives.

Essential Functions
Strategic Sourcing and Outsourcing:

Owns the P&L for the Outsourcing Business
Drives growth of the Outsourcing business across the Prototek enterprise
Develops and implements a comprehensive procurement strategy that aligns with the company's business goals.
Lead cross-functional teams in the identification, evaluation, and selection of categories and suppliers for corporate contracts for direct and indirect materials, and services.
Negotiate contracts, terms, and pricing to ensure optimal value for the company.
Monitor market trends and adjust strategies accordingly to maintain competitive advantage.

Vendor Management:

Establish and maintain strong relationships with key suppliers and vendors.
Conduct regular performance reviews and audits to ensure compliance with contract terms and conditions.
Resolve any disputes or issues that may arise with suppliers in a timely and effective manner.

Outsourcing Management:

Work directly with business units and commercial sales team to identify opportunities to grow Prototek’s business by contracting with suppliers that provide additional capabilities enabling the company to better serve the full range of customer requirements
Achieves revenue and profit targets for the Outsourcing business
Establishes formal qualification requirements for outsourcing vendors and develops an audit process consistent with industry standards for maintaining supplier quality
Oversee the management of outsourcing contracts, ensuring that service level agreements (SLAs) are met.
Work closely with business units to understand their outsourcing needs and ensure alignment with overall business objectives.
Evaluate and mitigate risks associated with outsourcing activities.

Cross-Functional Collaboration:

Collaborate with various business units and functions to understand their procurement needs and ensure alignment with the overall procurement strategy.
Work with finance, legal, and other relevant departments to ensure compliance with company policies and regulations.

Cost Management and Efficiency: