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BodyBio

Sourcing/Purchasing Manager

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What they do

A Procurement or Sourcing Manager manages the procurement of supplies for a company or organization. Develops policies and schedules for regular procurements. Trains and supervises staff, develops relationships with suppliers, researches and inspects supplies, and negotiates supply and shipping prices.

$138,967 / year median in New Jersey

+4% projected growth

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Job Description

Sourcing/Purchasing Manager at BodyBio Sourcing/Purchasing Manager at BodyBio in Mauricetown, New Jersey Posted in 2 days ago.
Type:
full-time
Job Description:
Company Overview BodyBio is a third-generation, family-owned company that's been pioneering cellular health since 1998. Built on a foundation of clinical research and rooted in real-world results, we develop and manufacture science-backed supplements that support foundational wellness-from brain to gut to mitochondria. Our mission is to empower optimal health by restoring function at the cellular level. Job Overview The Sourcing/Purchasing Manager is responsible for all sourcing activities at BodyBio with a main focus on co-mans, ingredients vendors, packaging materials vendors and production materials; Conducting RFP's to assess capabilities, quality and pricing; Onboarding co-mans and vendors by developing, maintaining and training on procedures; Sending and managing fulfillment of purchase orders. Key Responsibilities Sourcing Source the best quality co-mans, ingredients, packaging (labels, bottles, caps, inner seals, tamper bands, boxes, etc), and production materials (drums, bags, PPE, etc). Lead sourcing of vendors/services for other teams as requested Conduct RFP's for new vendors and create professional relationships with new and existing vendors to ensure best results Analyze responses and develop recommendation for future vendors Plan and execute new vendor transitions with production and quality teams Coordinate artwork transitions and press checks with design team and vendors Manage quality assurance of all transitioning ingredients and materials. Monitor commodity markets and make informed decisions. Purchasing Place POs for materials in a timely manner with clear instructions for each vendor. Ensure on-time delivery of ordered materials while meeting quality specifications. Validate that all items meet specifications and quantity. Managing Potential Transactions Establish the goal for the potential transition along with its scope and budget. Identify the key stakeholders. Gather and understand the required specifications. Create the RFP outlining the specifications, the required financial strength of the vendors, and key deadlines for the vendors. Analyze responses received from vendors. Negotiate pricing. Communicate regularly the progress of the project to the key stakeholders. Present final findings to key stakeholders and gain their support. Establish a transition plan with the key stakeholders. Manage the transition plan. Budgeting Forecast and report out sourcing spend. Perform spend analysis and review it with senior management. Continuous Improvement Identify opportunities for process improvement Develop a business case and drive execution of the approved improvement Implement best practices and lessons learned. Qualifications Minimum five (5) years of sourcing/purchasing experience in a nutraceutical/pharma/food industry. Bachelor's degree from a four-year college required. Strong leadership, relationship building and communication skills. Must be able to facilitate meetings with senior functional leads. High level of proficiency in Excel and Power Point. Strong organizational, prioritization, and detail oriented. A self-starter who takes initiative. Ability to travel at least 10% of the time. NetSuite experience a plus.
Salary Range:
$100,000 - $125,000 annually