Company Information

Our client is a Fortune 500 company

Job Location

Southeast US

Highlights

• Responsible for developing key metrics to help maximize the efficiency of the Procurement and Vendor Compliance groups.
• Define and implement strategic sourcing methodology that ensures the integrity and objectivity of the process and introduces strategic thinking into a traditional transactional environment (e.g., analyze vendor landscape, reduce vendor fragmentation, perform in source / outsource analyses).  As applicable, implement benefit tracking capabilities.
• Execute complex sourcing transactions including development of bid documents, financial models, and evaluation methodologies and work closely with legal to conduct negotiations and paper agreements
• Partner with business owners to understand their specific procurement needs (both current and upcoming) to formulate and execute the applicable sourcing strategies.  Provide sourcing intelligence to business owners formulating their operational strategies.
• Conduct periodic spend diagnostics to assess supplier capabilities and opportunities to drive efficiencies
• Oversee the rollout of procurement initiatives across the organization (e.g.,  P-cards, contract labor, third party travel management)
• Implement efficient vendor qualification process that manages buyer risk while balancing speed-to-market needs
• Create and document procurement standards and policies where needed and conduct training as required to ensure compliance
• Implement vendor management program for key relationships to ensure contract compliance, monitor trends, and support performance reporting to business owners implement diversity spend program to ensure equal opportunities for diverse suppliers.  Track such spend as required to comply with government requirements and to support the pursuit of work with the federal government.
• Establish long and short term organizational objectives and delegate tasks to appropriate team members to achieve desired outcomes.
• Work with senior management within the organization to expand procurement services to various groups within the Company.
• Develop and manage the annual operating budgets for the Procurement departments. Monitor spending for adherence to budget, recommend variances as necessary.

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About the Author:

Mr. Flannery has many years of executive search, supply chain consulting experience, supply chain strategy, and process improvement. He has managed consulting projects for several Fortune 500 clients on three continents, including: Raytheon, IBM, Union Bank of California, H.J. Heinz, ConAgra, Eaton, Nestle, and Lucent Technologies. Mr. Flannery holds a Bachelor of Arts in Finance from the University of Northern Iowa and a Masters of Business Administration in Strategy from Indiana University.

All entries by Jeff Flannery