Director, Strategic Sourcing

* Relocation Assistance will not be offered for this role, we are seeking local candidates to the Chicagoland market

Who We Are

Founded in 1920 and based in Addison, Illinois, Clyde’s is a thriving, 4th generation family-owned food manufacturer and a leading national supplier of donuts to the largest global retailers in mass grocery, convenience stores, and food service. We specialize in the manufacture of a wide range of ready to serve, ready to sell, and ready to finish donuts for customer showcases and retail display. Our Company is financially strong with a consistent track record of stability and growth under the careful leadership of the Bickford family. Clyde’s offers the best in a family-owned environment with friendly, informal, and supportive culture. We invite you to consider a career with our special company.

Why are we hiring?

Clyde's is growing very fast. We continue to enjoy multi-year, accelerated, double-digit growth. In 2023, we opened our 2nd production plant and are adding many new positions! Clyde's is a place where you can make a real difference and find real opportunity. We are looking for enthusiastic, collaborative, and hard-working individuals to join our family and become part of our 103-year-old success story.

Summary of Position

Reporting to the Chief Financial Officer, the Director, Strategic Sourcing will be responsible for development and execution of Clyde’s total procurement budget and strategy. The Director will support business growth, drive profit enhancement, and mitigate supply chain risk by developing a diverse network of key suppliers, applying innovative negotiation strategies, and implementing disciplines and best practices.

Essential Job Functions

· Establish highly collaborative relationships with key business stakeholders to support organizational procurement goals and objectives including new production innovation and supply chain sustainability.

· Develop and execute long term and annual procurement strategies setting and achieving cost saving targets supporting annual operating plan.

· Conduct on-going analysis of procurement activities across various spend categories to find opportunities for cost savings and value creation.

· Evaluate, develop, and grow framework of strategic supplier relationships to optimize cost structure and mitigate risk.

· Implement supplier relationship management programs including new supplier on-boarding, supplier sustainability assessments, scorecards, strategy, supplier performance reviews, monthly order compliance and supplier exits.

· Conduct supply risk analysis and develop risk mitigation and crisis management plans with critical suppliers.

· Forecast price and market trends, establish business relevant KPIs, track PPV and provide performance updates to leadership.

· Establish sourcing and procurement processes and best practices, develop SOPs, and implement organizational disciplines.

· Prepare bid requests, analyze, and summarize results for review and approval, negotiate pricing contracts.

Qualifications

· Bachelor’s degree in finance, business administration, supply chain management or related.

· Strong quantitative and analytical skills with demonstrated expertise in quantitative modeling and advanced EXCEL skills.

· 8-10 years’ procurement experience with responsibility for primary raw material streams.

· Experience developing and implementing successful strategic sourcing programs and practices.

· Experience sourcing from overseas vendors.

· Experience with complex contract negotiation.

· Strong track record of delivering cost savings.

· Excellent communication skills both written and verbal.

Preferred But Not Required

· MBA or master’s degree in procurement or supply chain management.

· Experience sourcing services, food commodities and ingredients, packaging with knowledge of food safety regulations.

· Experience with Value Analysis and Value Engineering.

· Experience with commodity hedging.

• Knowledge and practical experience in Lean methodologies and continuous improvement.

We Offer

· Highly competitive base pay.

· Generous annual bonus with history of consistent payout.

· Medical plan options including HMO, PPO and HDHP with H.S.A.

· Dental plan. Two plan options.

· Vision plan.

· Health care and dependent care flexible spending accounts.

· Short-term disability plan (Company paid).

· Long-term disability plan (Company paid).

· Group term life and AD&D insurance (Company Paid).

· Voluntary insurance plans including life, AD&D, accident, and critical illness.

· Generous paid time off benefits and 7 holidays.

· 401(k) plan including 4% matching contribution and immediate vesting.

· Tuition reimbursement program.

· Various leaves of absence programs for life’s emergencies.

· Clean, modern, and safe facilities.

Clyde’s Donuts is proud to be an equal opportunity/ reasonable accommodation employer.

Job Type: Full-time

Pay: $140,000.00 - $160,000.00 per year

Benefits:

• 401(k)
• 401(k) 4% Match
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift

Work Location: In person