Strategic Buyer

Job description

Strategic Buyer Location: Somerset, NJ: Position Responsibilities: Strategic Sourcing - Manage Supplier lifecycle management. - Develop and implement procurement strategies to support local and global markets. - Lead supplier negotiations not limited to Pricing, Terms and Conditions and Contracts. - Implement and manage supplier agreements, renewals, and commercial compliance. Analytics & Cost Management: - Translate data into actionable outcomes targeting cost savings opportunities and inventory optimization. - Support budgeting and forecasting activities. - Perform scenario analysis for supply disruptions, demand variability, and sourcing changes. - Prepare reports and presenting findings to divisional and senior management. Supplier Performance: Cross-Functional Leadership & Collaboration and Execution - Develop and maintain supplier performance scorecards. - Lead supplier business reviews and corrective action plans per defined intervals. - Establish an escalation procedure with suppliers to ensure quality and availability of materials. - Support supplier audits and qualification activities with Quality and Regulatory teams. - Participate in cross-functional project teams to su...