Sourcing Manager - Formulation

Job Description

Job Description

We are looking for a Sourcing Manager, Formulation to join our Operations team and lead the process of finding the ideal products and partners to drive our growth. The Sourcing Manager, Formulation will build and maintain relationships with suppliers, evaluate manufacturing partners against a performance scorecard, and negotiate costs and other key business terms.

Responsibilities to include:

• Match product and formulation requirements with suppliers that have the technical expertise, quality systems, regulatory capabilities, capacity, and commercial structure needed to manufacture premium products at scale

• Lead negotiations with new and existing suppliers to negotiate product COGS and other key terms

• Prepare RFQs, manage the quoting process, collect, consolidate and analyze quotations, build potential scenarios, and make an informed recommendation that aligns with company objectives

• Plan and schedule pre-award meetings and coordinate evaluation process with relevant internal departments

• Manage product transition between suppliers on targeted supply base optimization initiatives

• Support SRM in maintaining supplier scorecard, monitor supplier performance against target KPIs, providing feedback to help maintain supplier performance database

• Identify, manage, and develop sources that offer the company the edge needed to succeed in terms of price, quality and safety

• Enhance relationships with key business partners to help ensure on time delivery, quality standards are being met, and identify opportunities to improve pricing and terms

• Support Supplier Agreement negotiation & inputs, driving for the company's favorable terms

• Execute on company's strategic business objectives regarding supplier base optimization

• Maintain COGs in all systems, targeting negative PPV through product/supplier optimization or negotiation

• Evaluate contract manufacturers' formulation, blending, filling, testing, scale-up, validation, and packaging capabilities

• Assess ingredient availability, raw material cost drivers, MOQs, shelf-life considerations, testing requirements, and regulatory constraints

• Lead formulation transfers and supplier qualification activities, including first production runs and manufacturing transitions

• Identify alternate ingredients, raw material suppliers, or manufacturing approaches that improve cost, quality, performance, or supply continuity without compromising product requirements

• Support confidentiality and intellectual property protections related to formulations in partnership with Legal

• Approximately 25% travel required to visit potential and existing suppliers

What You Will Need

• Bachelor's degree in Supply Chain, Engineering, Manufacturing, Business, or related field

• At least 3 years of experience managing and sourcing global suppliers with proven success in locating and developing suppliers with world class capabilities

• 3+ years of sourcing, procurement, supplier development, or manufacturing experience involving formulated consumer products, personal care, OTC products, pharmaceuticals, medical devices, or similarly regulated products

• Experience as lead negotiator with proven performance

• Strong project management experience and demonstrated ability to lead multiple cross-functional projects concurrently to completion

• Strong in all Microsoft Office solutions, especially Microsoft Excel

• Knowledge of global sourcing platforms + resources

• Very strong negotiating skills

• Experience dealing with suppliers in Asia, Europe, Latin America, and the United States

• Understanding of / experience in working with commodities (raw materials, plastics, resins)

• Demonstrated ability to understand & breakdown COGs, with a high degree of accuracy

• Working knowledge of formulation manufacturing processes, including ingredient sourcing, batching, blending, filling, testing, scale-up, and finished product packaging

• Basic knowledge of Lean manufacturing best practices

• Experience handling requests for information, quotations, proposals and bidding processes, as well as social compliance, quality and capabilities audits

• The disposition to prioritize, organize and manage multiple projects simultaneously with high attention to detail and quality

• A sense of urgency to quickly, decisively, and efficiently resolve business issues

• The ability to build strong and trusting cross-functional relationships

• Excellent communication skills

• CAD experience a plus

Who You Will Work With

As the Sourcing Manager, Formulation, you will work closely with Product Development, Quality, Regulatory, Packaging Engineering, Operations, Supply Planning, Finance, and Legal.