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Consolidated Precision Products
Cleveland, Ohio, United States
(on-site)
Posted
10 days ago
Consolidated Precision Products
Cleveland, Ohio, United States
(on-site)
Job Type
Full-Time
Min Education
H.S. Diploma/Equivalent
Required Travel
0-10%
Salary - Type
Yearly Salary
Job Function
Accounting & Finance
VP of Procurement (Cleveland, OH)
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
VP of Procurement (Cleveland, OH)
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Description
Strategic Sourcing & Category Management- Develop and execute a comprehensive strategic sourcing strategy across all categories (direct materials, indirect spend, services, and capital).
- Establish category strategies that optimize total cost of ownership (TCO), reduce risk, and support product innovation and scalability.
- Lead make/buy decisions, supplier rationalization initiatives, and long-term sourcing roadmaps.
- Build and maintain strategic supplier partnerships to ensure continuity of supply, quality, innovation, and ethical compliance.
- Lead supplier performance management, including KPIs, scorecards, QBRs, and corrective action plans.
- Proactively identify and mitigate supplier, geopolitical, financial, and operational risks.
- Lead high-impact contract negotiations, pricing agreements, and commercial terms to deliver sustainable value.
- Establish sourcing governance, policies, and controls to ensure compliance, consistency, and transparency.
- Partner with Legal and Finance to ensure contracts align with risk tolerance and financial objectives.
- Drive year-over-year cost savings and productivity improvements while balancing quality, service, and supply assurance.
- Lead should-cost modeling, cost breakdown analysis, and market intelligence to inform sourcing decisions.
- Support capital planning and long-term investment strategies through supplier collaboration.
Leadership & Talent Development
- Build, lead, and develop a high-performing strategic sourcing and procurement organization.
- Establish clear accountability, capability development, and succession planning within the sourcing function.
- Foster a culture of strategic thinking, collaboration, and continuous improvement.
- Partner closely with Supply Chain, Manufacturing, Engineering, Finance, and IT to align sourcing strategies with operational needs.
- Support new product introductions (NPI) and design-for-cost initiatives through early supplier engagement.
- Serve as an executive advisor to the COO on sourcing-related risks, opportunities, and market dynamics.
- Leverage procurement and sourcing technologies (e.g., ERP, e-sourcing, contract lifecycle management tools) to improve visibility and decision-making.
- Define and track sourcing KPIs, savings realization, supplier performance, and risk indicators.
Education
- Bachelor's degree in Business Administration, Supply Chain, Finance, Engineering, or a related field.
- MBA or advanced degree strongly preferred.
- 10-15 years of progressive experience in strategic sourcing, procurement, or supply management.
- 5-8 years in a senior leadership or executive role within a manufacturing or industrial environment.
- Demonstrated success leading enterprise-wide sourcing initiatives and managing complex spend portfolios.
- Proven executive presence with the ability to influence across functions.
- Strong negotiation, analytical, and strategic planning capabilities.
- Experience working in matrixed, fast-paced operational environments.
Certifications (Preferred)
- CPSM, CIPS, APICS, or similar professional certifications.
- Lean, Six Sigma, or continuous improvement credentials a plus.
This is a non-management position This is a full time position Pay Range:
Job ID: 84874190
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Cost of Living Index
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Safety Index
36/100
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Data is collected and updated regularly using reputable sources, including corporate websites and governmental reporting institutions.
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