Strategic Sourcing Manager

Summary

Frida is seeking a Strategic Sourcing Manager to join their Operations team. The role involves building and maintaining supplier relationships, evaluating manufacturing partners, and negotiating costs. The candidate should have a Bachelor's degree in supply chain, engineering, manufacturing or business, at least 3 years of experience managing global suppliers, strong project management skills, and knowledge of global sourcing platforms.

Requirements

• Bachelor’s degree in supply chain, engineering, manufacturing or business
• At least 3 years of experience managing and sourcing global suppliers with proven success in locating and developing suppliers with world class capabilities
• 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
• Knowledge of different manufacturing techniques and working knowledge of materials, components and formulations
• 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

Responsibilities

• Ensure the ideal fit between product + supplier to manufacture a premium product that delivers on consumer needs as well as business results
• 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 Frida 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

Preferred Qualifications

CAD experience a plus

Benefits

• Robust health benefits including: Comprehensive medical, vision, and dental plans, Employer paid life insurance, Supplemental insurance options including Accident Insurance, Short-Term Disability and Long-Term Disability, FSA & HSA
• 401k matching up to 4% with immediate vesting
• Generous paid time off program including elective PTO days, federal holidays, sick/wellness days, and a birthday floater
• Flexible paid pregnancy and parental leave
• Weekly wellness programming including manicures & pedicures, massages, and carwashes
• Dog friendly office - feel free to bring your best buddy with you to work!
• Learning & development opportunities for professional and personal growth
• Company-wide events & outings- we know how to throw a party! Team engagement is at the epicenter of our culture, whether it’s getting together for our annual Fam Jam bash or giving back to our community through a day of service
• Exclusive employee product discounts