Vice President, Strategic Sourcing (REQ-012796_New_York)
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Note for US based roles: Any offer of employment is contingent on providing proof of Covid-19 vaccination prior to your start date, subject to approved medical and/or religious exemptions, in accordance with applicable law.Job Description
Through this newly developed procurement group, the Vice President, Strategic Sourcing will achieve maximum value from spend while balancing other business requirements, including quality, service, timely delivery, and security of supply. The fundamental challenge of the role is change management – transforming an operational procurement function historically embedded in individual divisions of the company to one that supports a centralized procurement strategy.
This position will report to the Senior Vice President, Treasurer and Chief Accounting Officer.
This role is a senior leadership role within the company, requiring ability to directly manage resources, as well as use influence and networking skills to facilitate communication and generate consensus across the company on procurement initiatives. Ongoing development of strategy for the company in this regard, including building support and consensus for that strategy will be required, as well as management of the execution of tactical work related to this strategy.
Work with key business leaders within the company to identify and prioritize key categories of spend for procurement initiatives, with a primary focus on approximately $500 million in annual indirect spend.
Success in this role will drive value creation through data-driven Category Strategies, vendor consolidation and the use of market intelligence to drive cost savings, while delivering value to business groups through partnership and the centralization of sourcing and contract compliance functions to procurement specialists.
Lead Supplier Diversity and Sustainability initiatives, in alignment with the company’s strategy, ensuring best-in-class processes and tools are identified and implemented.
This leader will recruit, manage and coach a staff of category specialists and other procurement professionals in New York and Norfolk, VA, and will assist our international operations in managing their procurement activities.
Create contracts reflecting the results of sourcing initiatives. Manage the contract approval and exception processes. In collaboration with the Legal department, develop and maintain template master service agreements and standard terms and conditions for common and/or critical contracting situations.
Work with business leaders to establish world-class supplier relationship management practices. Build policies and procedures for reviewing supplier performance against contracted obligations/service levels and business expectations
This leader will partner with technology and other key business leaders to optimize the recently launched procure-to-pay platform (Coupa), contract management repository (Ironclad) and strategic sourcing technology solutions and tools.
Provide regular intelligence to stakeholders regarding the Company’s evolving spend profile, savings results, and risk mitigation activities. Leverage interactions with external marketplace to provide insights to internal business regarding pricing, vendor, and technology trends. Overall outsourcing policy decisions and principles to ensure continuous alignment with the company
Desired Skills and Experience
10+ years of strategic sourcing and supplier relations experience and 7+ years leading strategic sourcing and procurement operations teams.
Excellent category-specific sourcing and category management skills in a variety of spend areas, particularly IT Hardware, Software, and Outsourced Services, Marketing, Professional Services, Travel, and HR.
Expert understanding of purchasing policies, procedures, practices, and the value and use of procure-to-pay (P2P) digital platforms, preferably Coupa.
Track record of year-over-year delivery of distinctive value from strategic supply chain activities.
Expert understanding of multi-step strategic sourcing processes and strategies.
Demonstrated excellence in managing internal customers; skilled at institutionalizing stakeholder communications for input and alignment; well-honed “radar” for stakeholder management.
Excellent communication skills, including written, verbal and presentation skills; comfortable and credible with both internal stakeholders and external audiences.
Excellent negotiation skills up to the executive level and understanding of contractual negotiation, development, and law
A flexible, dynamic, self-demanding and proactive individual; able to motivate him/herself and others.
Bachelor’s degree required; MBA or advanced degree preferred.
Experience with ERP systems, Spend Data Analytics & Reporting, eSourcing, and contract management systems required.
The New York Times is committed to a diverse and inclusive workforce, one that reflects the varied global community we serve. Our journalism and the products we build in the service of that journalism greatly benefit from a range of perspectives, which can only come from diversity of all types, across our ranks, at all levels of the organization. Achieving true diversity and inclusion is the right thing to do. It is also the smart thing for our business. So we strongly encourage women, veterans, people with disabilities, people of color and gender nonconforming candidates to apply.
The New York Times Company is an Equal Opportunity Employer and does not discriminate on the basis of an individual's sex, age, race, color, creed, national origin, alienage, religion, marital status, pregnancy, sexual orientation or affectional preference, gender identity and expression, disability, genetic trait or predisposition, carrier status, citizenship, veteran or military status and other personal characteristics protected by law. All applications will receive consideration for employment without regard to legally protected characteristics. The New York Times Company will consider qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local "Fair Chance" laws.