The Primary responsibility for this position is to ensure Monster Energy is receiving the best value options for all Co-Packing, raw materials, and supply chain services along with securing supply and capacity to fit with the company’s strategies for designated geographies. Procurement involves the process of selecting vendors, establishing payment terms, strategic vetting, selection, the negotiation of contracts, Capex Projects, and actual purchasing of goods. Procurement is concerned with acquiring (procuring) all materials and services. Implement strategies to directly impact the companies P & L, and work within the Operations operating model to affect the lowest landed cost in a positive way.
Essential Job Functions:
Understands legal contracts, negotiates, and executes at a high level on commercial terms. Monitors contracts for secondary packaging and co-manufacturing across the region
Participates on business teams to understand regional business strategies and align those strategies with both regional and global procurement category strategies
Establishes strategies and maintain reliable sources of supply and negotiation of procured materials and services.
Assess co-packer capabilities, capacity, capital equipment needs vs Monster Energy’s regional operating model.
Create Co-packing supply accountability performance initiatives into our agreements to ensure that results are being measured and met, including, but not limited to quarterly business updates and KPI’s.
Establishes new vendor programs, partnerships and negotiates best pricing and terms of agreements with vendors
Understand industry trends in beverage, co-manufacturing and commodities
Initiate cost efficiency projects and modeling with copackers and suppliers to build long term relationships in managing, pricing, service and quality
Visit manufactures offices and plants to assess their capabilities and capacities.
Work with the appropriate departments to ensure that selected vendors have the ability to meet quality and delivery requirements.
Analyze sourcing such as Raw Material Packaging and Co-Pack fees to ensure the company is getting the best possible cost.
Monitor shipments and shipping logistics to make sure we ship in the most efficient and cost-effective manner. Direct impact to the specific regions Operating Model.
Provide data for and work directly w/Cost Accounting to determine product cost of goods and continually analyze cost efficiencies.
Ensure compliance with purchasing procedures and policies consistent with company objectives.
Analyze and approve pricing adjustment against network benchmark
Play active procurement roll w/ NPD in the product development process to ensure new raw materials are sourced as appropriate.
Supports regional supply and quality issues; actively participates in the resolution of crisis level issues
Cost Reduction Projects
Project Management / Special Projects
Initiate and establish new vendor programs and partnerships
Assist accounting in resolving price discrepancies
Duties and responsibilities may be added, deleted or modified either formally or informally, either in writing or verbally at the discretion of Management.
Position Requirements:
Bachelor of Business Administration, Supply Chain, Engineering, Finance or related field
SAP Experience preferred
Lean manufacturing experience preferred
3-5 years’ experience in Purchasing with CPG company (beverage industry preferred.)
Possess analytical and technical skills required to understand business practices and recommend proper automation opportunities.
Must have intermediate to advanced computer skills including proficiency in Microsoft Office applications.
Able to analyze large amounts of data and creatively problem solve.
Strong communication skills across different countries and functions within an organization.
Excellent negotiation skills
Excellent organizational and project management skills.
Working knowledge of lean manufacturing and continuous improvement.
Management process improvements projects related to the purchasing function.
Ability to work independently with minimal direction in a dynamic and fast paced, changing environment and take initiative.
Lynwood, California
Full Time