What are the responsibilities and job description for the Procurement Manager position at Vita Coco?
The Vita Coco Company, created in 2004 by Co-CEO Michael Kirban and Ira Liran, produces the leading brand of coconut water in the United States with a growing presence around the world. The Vita Coco Company’s brands include the leading coconut water, Vita Coco; clean energy drink Runa; premium canned water, Ever & Ever; and protein-infused water, PWR LIFT.
In 2021, The Vita Coco Company became a publicly traded, Public Benefit Corporation. With a growing portfolio of natural products, The Vita Coco Company has identified its public benefit purpose as creating ethical, sustainable products that uplift communities and do right by our planet by harnessing and protecting nature’s resources.
In 2022, The Vita Coco Company was certified as a B Corporation™ furthering the Company’s commitment toward operating its business as a force for good, while delivering better-for-you products.
Vita Coco is headquartered in New York City with international offices in London and Singapore. The Company is Nasdaq-listed under ticker symbol COCO.
Join Vita Coco as an Indirect Procurement Manager and play a pivotal role in defining our future procurement strategy. In this unique position, you’ll be our sole expert in indirect procurement, collaborating closely with every department at HQ to craft and execute a forward-thinking strategy with a special emphasis on marketing categories. Reporting directly to our VP of Operations, you’ll engage with all levels of leadership to foster strong vendor relationships and drive significant value to our P&L. If you’re ready to make a substantial impact and shape our procurement approach, we’d love to hear from you.
This role is hybrid, based out of our NYC HQ, reporting to the VP of Operations.
Main Responsibilities:
Strategy
• Formulate and implement the indirect procurement strategy for Vita Coco, driving the annual procurement planning process.
• Stay ahead of category trends by conducting thorough market analysis, integrating insights from both internal and external sources to refine the procurement strategy and set priorities.
• Monitor and review the procurement strategy regularly, ensuring it adapts to evolving business needs and remains effective.
Benchmarking and Opportunity Seeking
• Perform ongoing benchmarking across all spend categories to uncover opportunities for cost savings and risk mitigation. Collaborate with department teams to act on these insights.
• Lead negotiations with vendors to secure favorable pricing and contract terms, working closely with the legal team to ensure compliance and optimal outcomes.
Process, Systems and Training
• Develop and standardize procurement processes, guidelines and policies and ensure their adoption across all HQ departments.
• Implement advanced vendor management processes that drive value and innovation. Create and maintain scorecards, track KPIs, lead vendor reviews on a quarterly and monthly basis, and support improvement initiatives as needed.
• Oversee and manage end-to-end RFx processes and work with functional teams to select vendors that are the right fit for Vita Coco and align to our business goals.
• Identify and implement necessary systems and tools to enhance the procurement strategy.
• Assess procurement training needs across departments and develop programs to build and enhance team skills.
Other requirements
• Demonstrate strong leadership skills and the ability to influence stakeholders and challenge existing practices to drive progress and innovation.
• Build and cultivate a high-performing procurement function, positioning the team for future success and growth.
Qualifications and Skills:
• Bachelor's degree or higher, ideally in Finance, Business or related field.
• 8 years of progressive procurement experience in roles across multiple categories and ideally multiple organizations. Experience with Marketing procurement (agency costs, talent fees and partnership fees) much preferred.
• Ability to build relationships across all levels of seniority within multiple departments both internally and externally.
• Proven in depth knowledge of sourcing and procurement processes and best practices.
• A proactive self-starter who thrives in a dynamic and ambiguous work environment.
• Experience with CPG industry preferred.
• Experience with ERP system such as SAP preferred.
At The Vita Coco Company, compensation decisions are dependent upon a variety of factors, which may include, but are not limited to: skill set, experience, education, training, licensure and certifications, knowledge and abilities of the applicant, alignment with market data, and other business and organizational needs. A reasonable estimate of the current pay range for this position is $110,000-$120,000. This range may vary for positions that will be performed outside of California, Colorado, Nevada, New York City, Westchester County, NY, Rhode Island, or Washington.
The Vita Coco Company is committed to the principles of equal employment. We are committed to complying with all federal, state, and local laws providing equal employment opportunities, and all other employment laws and regulations. It is our intent to maintain a work environment that is free of harassment, discrimination, or retaliation because of age, race, religion, color, national origin, gender, sex, sexual orientation (including transgender status, gender identity, or expression), physical or mental disability, genetic information, marital status, AIDS/HIV status, military service, veteran status, or any other status protected by federal, state, or local laws. The Company is dedicated to the fulfillment of this policy in regard to all aspects of employment, including but not limited to recruiting, hiring, placement, transfer, training, promotion, rates of pay, and other compensation, termination, and all other terms, conditions, and privileges of employment.
Salary : $110,000 - $120,000
