Global Category Strategist
3 days ago
IFS is seeking an experienced Global Category Strategist to lead its procurement efforts and drive cost reduction across the organization.
Job OverviewThe ideal candidate will have 5-8 years of experience in category management, procurement, or strategic sourcing, with a proven track record of delivering significant cost savings. They will develop and execute global category strategies that align with IFS's overall procurement objectives, manage supplier relationships, and collaborate with cross-functional teams to achieve Procurements objectives.
Responsibilities- Category Strategy Development: Develop and implement global category strategies that align with IFS's overall procurement objectives to deliver value back to the business.
- Cost Reduction Focus: Identify and execute cost reduction initiatives across all assigned categories, leveraging spend analysis, market intelligence, and supplier negotiations.
- Contract Management: Oversee the development, negotiation, and management of contracts to ensure favourable terms and mitigate risks.
- Cross-Functional Collaboration: Work closely with procurement teams, portfolio company stakeholders, and other departments to ensure alignment on category strategies and cost-saving initiatives.
- Market Analysis: Conduct thorough market research and analysis to identify trends, risks, and opportunities within the assigned categories.
- Performance Tracking: Establish and track key performance indicators (KPIs) for category performance, regularly reporting on progress to Procurement Leadership.
- Change Management: Support the CPO in driving procurement transformation across the portfolio, embedding best practices and building upon a culture of continuous improvement.
- Risk Management: Identify and manage risks within the supply chain, developing mitigation strategies to ensure supply continuity and compliance.
- Team Leadership: Provide guidance and mentorship to junior team members, contributing to the development of a high-performing procurement team.
Qualifications:
- 5-8 years of experience in category management, procurement, or strategic sourcing.
- Proven experience in a private equity or dynamic, fast-paced environment is highly desirable.
- Strong negotiation skills with a track record of delivering significant cost savings.
- Excellent analytical skills, with the ability to leverage data to inform decision-making and drive results.
- Experience managing global supplier relationships and complex procurement projects.
- Strong leadership, and the ability to influence stakeholders at all levels.
- Exceptional communication and interpersonal skills, with a collaborative approach to working across functions and regions.
- Ability to travel as required to manage key projects and drive results.
Salary: The estimated annual salary for this position is $120,000 - $180,000, depending on experience and qualifications.
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