Senior Procurement Manager

7 days ago

Shanghai City China Monster Full time CN¥120,000 - CN¥240,000 per year

About Monster Energy:

Forget about blending in. That's not our style. We're the risk-takers, the trailblazers, the game-changers. We're not perfect, and we don't pretend to be. We're raw, unfiltered, and a bit unconventional. But our drive is unrivaled, just like our athletes. The power is in your hands to define what success looks like and where you want to take your career. It's not just about what we do, but about who we become along the way. We are much more than a brand here. We are a way of life, a mindset. Join us.

 A day in the life: 

Take charge as the maestro of sourcing and procurement, where every day is an adventure in fueling Monster Energy's unstoppable growth Be the go-to partner for leadership, managing global priorities with flair and driving procurement projects and supply plans that keep us ahead of the game. Your mission? Ensure we score the best value and pricing, keeping a keen eye on supply agreements to guarantee our sourcing models are on point and supply never skips a beat. Dive into the exciting world of vendor selection, setting up payment terms, strategic vetting, contract negotiation, and the thrill of purchasing goods. 

The impact you'll make:

Secure, analyze, and compare quotations from suppliers. Facilitate price negotiations with management, recommend supply plan with respect to cost, capacity, capability and quality and ensure lowest landed cost.Manage supplier relationships, day to day priorities, and track all high-level projects (supply, capacity and financial) with all key suppliers and internal key stakeholders. Monitor Supply vs. Demand, prepare reporting to track supply vs purchase commitments. Manage and track contracted supply obligations by supplier and claims with and between suppliers and co-packers.Primary packaging -- Monitor aluminum market conditions and recommend hedge positions in order to adhere to strategy and hedge percentages by quarter. Ensure forecasting is provided by global planning teams and that information is provided to suppliers. Actively manage compliance to forecasts.Monitor logistics costs to ensure 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 internal data, ensure data accuracy. Prepare reports for management approval/cost accruals/settlement.Analyze inventories on hand by supplier, manage run out plans, and manage obsolete inventories and their disposition. Work closely with internal stakeholders 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 company is receiving best in class quality, service, and supply.Lead the analysis of cost changes and accounting purchase price variances and ensure accurate reporting to leadership. Manage cost reduction projects such as light weighting and all productivity initiatives.Be 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 strategies and understand industry trends in beverage and aluminum, polyethylene terephthalate (PET), high-density polyethylene (HDPE), and glass packaging (others as applicable) and translate into optimization opportunities globally.

Who you are:

Prefer a Bachelor's Degree in the field of -- Business Administration, Supply Chain, Finance or related field preferred.Additional Experience Desired: More than 7 years of experience in a Consumer Packaged Goods (CPG) company, beverage industry preferred.Additional Experience Desired: More than 5 years of experience in primary packaging procurement.Computer Skills Desired: Advanced computer skills, proficiency in Microsoft Office applications. SAP experience preferred.Additional Knowledge or Skills to be Successful in this role: Understanding commodities and hedging tools. Understanding of aluminum political and economic market conditions. Working knowledge of lean manufacturing and continuous improvement. Able to manage process improvements projects related to the purchasing function.

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