Monster Energy
Procurement Manager - Primary Packaging
Monster Energy, Corona, California, us, 92878
Position Summary :
This role is responsible for managing the sourcing and procurement of all primary packaging. Manage and support the Director of Procurement with all global day-to-day priorities. Manage procurement projects and supply plans to enable the company's continued growth and implementation of supply strategies. Ensure that Monster is receiving the best value and pricing. Monitor supply within agreement parameters to guarantee sourcing models are followed and ensure supply continuity. This role will work closely with Operations, Strategic Planning, Production Planning, New Product Development, Engineering and Finance on all projects and programs to deliver a sustainable and reliable operating model. Key deliverables are Supplier engagement, relationship management, project management, global pricing, forecast compliance/supply tracking, global aluminum hedge tracking and cost reconciliations, global financial accruals and reporting. The role will report to the Director of Procurement - Primary Packaging.
Essential Job Functions:
Manage costs - Secure, analyze and compare quotations from suppliers. Facilitate price negotiations with management, recommend supply plan with respect to cost, capacity, capability and quality. Ensure lowest landed cost.Manage supplier relationships. Manage day to day priorities. Manage and track all high-level projects (supply, capacity and financial) with all key suppliers and internal key stakeholders.Ensure that all terms of supply agreements are observed internally and externally.Monitor and report daily/weekly aluminum and resin news/price updates to leadership.Hedge tracking - Monitor aluminum market conditions and recommend hedge positions in order to adhere to strategy and hedge percentages by quarter. Manage compliance to strategy.Ensure forecasting is provided by global planning teams and that information is provided to suppliers. Actively manage compliance to forecasts.Monitor Supply vs. Demand, prepare reporting to track supply vs purchase commitments. Manage and track contracted supply obligations by supplier.Monitor logistics costs to ensure Monster is purchasing in the most efficient and cost-effective manner. Manage freight reconciliations by supplier and finance accruals.Manage all global reconciliations, financial impacts and cost accruals. Ensure receipt from each supplier monthly, prepare reporting, analyze supplier vs Monster data, ensure data accuracy. Prepare reports for management approval/cost accruals/settlement.Analyze inventories on hand by supplier, manage run out plans. Manage obsolete inventories and their disposition.Work closely with Technical Services and Engineering on the quality and performance of suppliers. Support regional and global supply and quality issues; actively participates in the resolution of crisis level issues. Ensure Monster is receiving best in class quality, service and supply.Manage cost reduction projects such as light weighting and all productivity initiativesLead the analysis of cost changes and accounting purchase price variances, ensure accurate reporting to leadershipManage claims with and between suppliers and co-packersBe an active member in the product development process to ensure new primary packaging items are sourced as appropriate.Participate in high level business teams to understand regional business strategies and align those with both regional and global procurement category strategiesUnderstand industry trends in beverage and aluminum, PET, HDPE and glass packaging (others as applicable) and translate into optimization opportunities globally.Duties and responsibilities may be added, deleted or modified either formally or informally, either in writing or verbally at the discretion of ManagementPosition Requirements:
Bachelors of Business Administration, Supply Chain, Engineering, Finance or related field preferred5-7 years' experience with a CPG company (beverage industry preferred)Excellent negotiation skillsUnderstanding commodities & hedging toolsUnderstanding of Aluminum political and economic market conditionsMust have intermediate to advanced computer skills including proficiency in Microsoft Office applicationsAble to analyze large amounts of data and creatively problem solveStrong communication skills across different countries and functions within an organization.Excellent organizational and project management skills.Working knowledge of lean manufacturing and continuous improvementManagement process improvements projects related to the purchasing functionAbility to work independently with minimal direction in a dynamic and fast paced, changingenvironment and take initiativeSAP Experience preferred
Base Pay Range:$84,000 - $110,000k
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
This role is responsible for managing the sourcing and procurement of all primary packaging. Manage and support the Director of Procurement with all global day-to-day priorities. Manage procurement projects and supply plans to enable the company's continued growth and implementation of supply strategies. Ensure that Monster is receiving the best value and pricing. Monitor supply within agreement parameters to guarantee sourcing models are followed and ensure supply continuity. This role will work closely with Operations, Strategic Planning, Production Planning, New Product Development, Engineering and Finance on all projects and programs to deliver a sustainable and reliable operating model. Key deliverables are Supplier engagement, relationship management, project management, global pricing, forecast compliance/supply tracking, global aluminum hedge tracking and cost reconciliations, global financial accruals and reporting. The role will report to the Director of Procurement - Primary Packaging.
Essential Job Functions:
Manage costs - Secure, analyze and compare quotations from suppliers. Facilitate price negotiations with management, recommend supply plan with respect to cost, capacity, capability and quality. Ensure lowest landed cost.Manage supplier relationships. Manage day to day priorities. Manage and track all high-level projects (supply, capacity and financial) with all key suppliers and internal key stakeholders.Ensure that all terms of supply agreements are observed internally and externally.Monitor and report daily/weekly aluminum and resin news/price updates to leadership.Hedge tracking - Monitor aluminum market conditions and recommend hedge positions in order to adhere to strategy and hedge percentages by quarter. Manage compliance to strategy.Ensure forecasting is provided by global planning teams and that information is provided to suppliers. Actively manage compliance to forecasts.Monitor Supply vs. Demand, prepare reporting to track supply vs purchase commitments. Manage and track contracted supply obligations by supplier.Monitor logistics costs to ensure Monster is purchasing in the most efficient and cost-effective manner. Manage freight reconciliations by supplier and finance accruals.Manage all global reconciliations, financial impacts and cost accruals. Ensure receipt from each supplier monthly, prepare reporting, analyze supplier vs Monster data, ensure data accuracy. Prepare reports for management approval/cost accruals/settlement.Analyze inventories on hand by supplier, manage run out plans. Manage obsolete inventories and their disposition.Work closely with Technical Services and Engineering on the quality and performance of suppliers. Support regional and global supply and quality issues; actively participates in the resolution of crisis level issues. Ensure Monster is receiving best in class quality, service and supply.Manage cost reduction projects such as light weighting and all productivity initiativesLead the analysis of cost changes and accounting purchase price variances, ensure accurate reporting to leadershipManage claims with and between suppliers and co-packersBe an active member in the product development process to ensure new primary packaging items are sourced as appropriate.Participate in high level business teams to understand regional business strategies and align those with both regional and global procurement category strategiesUnderstand industry trends in beverage and aluminum, PET, HDPE and glass packaging (others as applicable) and translate into optimization opportunities globally.Duties and responsibilities may be added, deleted or modified either formally or informally, either in writing or verbally at the discretion of ManagementPosition Requirements:
Bachelors of Business Administration, Supply Chain, Engineering, Finance or related field preferred5-7 years' experience with a CPG company (beverage industry preferred)Excellent negotiation skillsUnderstanding commodities & hedging toolsUnderstanding of Aluminum political and economic market conditionsMust have intermediate to advanced computer skills including proficiency in Microsoft Office applicationsAble to analyze large amounts of data and creatively problem solveStrong communication skills across different countries and functions within an organization.Excellent organizational and project management skills.Working knowledge of lean manufacturing and continuous improvementManagement process improvements projects related to the purchasing functionAbility to work independently with minimal direction in a dynamic and fast paced, changingenvironment and take initiativeSAP Experience preferred
Base Pay Range:$84,000 - $110,000k
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)