Vice President of Strategic Sourcing – CPG Manufacturing – Detroit, MI
Are you a strategic thinker with a proven track record of driving sourcing and supply chain excellence in the Consumer Packaged Goods (CPG) manufacturing sector? We are seeking a Vice President of Strategic Sourcing to lead our sourcing and procurement efforts in Detroit, MI. This is an exciting opportunity to play a key role in driving efficiency, cost savings, and operational effectiveness within a fast-growing CPG company. If you have experience in high-level sourcing strategy and thrive in a dynamic environment, this role could be your next great career move.
Lead Strategic Sourcing for a Growing CPG Manufacturer in Detroit
A leading Consumer Packaged Goods (CPG) manufacturing company in Detroit, MI is looking for a Vice President of Strategic Sourcing to lead its efforts in optimizing sourcing, procurement, and supplier management strategies. The ideal candidate will possess deep expertise in strategic sourcing within the CPG industry, combined with a strong understanding of global supply chains, cost structures, and supplier relationships. If you are ready to make a lasting impact on our company’s growth and success, this is your chance to take the lead in shaping our sourcing strategy.
Key Responsibilities of the Vice President of Strategic Sourcing – CPG Manufacturing
Strategic Sourcing Leadership: Develop and execute a comprehensive strategic sourcing plan to support the company’s growth objectives in the Consumer Packaged Goods (CPG) manufacturing sector. Lead sourcing initiatives that drive cost efficiency, supplier performance, and long-term value creation. Collaborate with cross-functional teams to align sourcing strategies with business goals.
Supplier Relationship Management: Build and maintain strong relationships with key suppliers to ensure reliable, cost-effective, and high-quality sourcing. Negotiate contracts, manage supplier performance, and ensure that suppliers meet quality standards, timelines, and compliance requirements. Cultivate strategic partnerships to drive innovation and optimize sourcing channels.
Cost Optimization & Procurement Excellence: Oversee procurement operations to identify and implement cost-saving opportunities. Develop sourcing strategies that maximize profitability while maintaining product quality and supplier compliance. Lead efforts to streamline the procurement process and ensure that procurement activities contribute to overall operational efficiency.
Supply Chain Integration: Collaborate with operations, logistics, and manufacturing teams to align sourcing strategies with production schedules, inventory management, and distribution needs. Enhance supply chain visibility and efficiency by leveraging data-driven insights and optimizing supplier networks.
Market & Industry Insight: Stay informed on industry trends, market conditions, and competitive intelligence to guide sourcing strategies. Identify emerging opportunities and risks in global sourcing markets, and develop strategies to mitigate supply chain disruptions or cost increases.
Team Leadership & Development: Lead and mentor a high-performing sourcing team, ensuring they are aligned with organizational goals and best practices. Foster a culture of collaboration, continuous improvement, and accountability. Provide professional development opportunities to grow talent and build leadership capabilities within the sourcing team.
Financial Oversight & Budgeting: Oversee the sourcing and procurement budget, ensuring effective allocation of resources to meet organizational goals. Work closely with finance and other departments to manage cost performance and contribute to the company’s financial targets. Monitor key performance indicators (KPIs) to ensure cost savings and operational efficiency are consistently achieved.
Risk Management & Compliance: Ensure that all sourcing and procurement activities comply with relevant regulations, corporate governance policies, and industry standards. Identify potential risks in the supply chain and develop mitigation strategies to protect the company’s interests and maintain business continuity.
Continuous Improvement & Innovation: Promote continuous improvement initiatives within the sourcing function. Explore new technologies, processes, and innovative sourcing strategies that drive competitive advantage and enhance overall supply chain performance.
Stakeholder Engagement: Collaborate with senior leadership, including operations, finance, and manufacturing, to align sourcing initiatives with broader organizational objectives. Provide regular updates on sourcing performance and key initiatives to executives, board members, and other stakeholders.
What the Client is Looking for in You
As the Vice President of Strategic Sourcing – CPG Manufacturing, the client seeks a visionary and results-driven leader with a proven track record in strategic sourcing and supply chain management within the Consumer Packaged Goods (CPG) manufacturing sector. You should be a highly skilled executive capable of leading sourcing initiatives that drive cost savings, supplier performance, and operational efficiency while ensuring alignment with business goals.
Proven Leadership in Strategic Sourcing and Procurement
The client is looking for an executive with substantial experience in sourcing and procurement within the CPG manufacturing industry. You should have a strong history of developing and executing successful sourcing strategies, optimizing supply chain operations, and building lasting relationships with key suppliers. Experience managing cross-functional teams and navigating global sourcing challenges is essential.
Strategic Thinker with a Focus on Cost Optimization
As the Vice President of Strategic Sourcing, you must demonstrate a strong ability to develop and implement sourcing strategies that maximize cost-efficiency, supplier performance, and operational effectiveness. The ideal candidate will have experience in cost management, supplier negotiations, and process optimization. You should also have a keen understanding of market trends and the ability to anticipate and address supply chain risks.
Expert in Supplier Relationship Management
Building and maintaining strong supplier relationships will be a key component of this role. The client is looking for a leader who excels in supplier negotiations, managing performance metrics, and ensuring quality standards are met. Experience in fostering strategic partnerships and driving innovation through supplier collaboration is highly valued.
Strong Financial Acumen and Data-Driven Decision Making
The client seeks a leader with strong financial and analytical skills. You should be adept at managing budgets, analyzing procurement costs, and developing strategies that contribute to overall profitability. A data-driven approach to decision-making is crucial, as is the ability to track key performance indicators (KPIs) and optimize sourcing outcomes to achieve business goals.
Ability to Lead Cross-Functional Teams
The Vice President of Strategic Sourcing will be responsible for leading and mentoring a high-performing team. The client is looking for an executive who can attract, develop, and retain top talent while fostering a culture of collaboration, innovation, and accountability. You should have experience managing diverse teams and working closely with other departments such as operations, manufacturing, and finance to ensure sourcing strategies align with broader business objectives.
Commitment to Operational Excellence and Risk Management
The client values leaders who prioritize operational efficiency, risk management, and compliance. You should have a deep understanding of industry regulations, supply chain logistics, and quality control processes. Your ability to identify potential risks, develop mitigation strategies, and maintain compliance with regulations will be crucial in this role.
Proven Track Record in Global Supply Chain Management
Given the global nature of the sourcing function, the client is looking for a leader with expertise in managing international supply chains. You should have experience sourcing materials and products across different regions, navigating global markets, and managing the complexities of international logistics. The ideal candidate will be comfortable managing both regional and global sourcing strategies and will be able to leverage global supplier networks to drive value.
Effective Communication and Stakeholder Management
The client is seeking a Vice President of Strategic Sourcing who can effectively communicate with key stakeholders, including senior leadership, suppliers, and cross-functional teams. You should be able to present sourcing strategies, procurement performance, and cost-saving initiatives clearly and effectively to executives and board members, while also maintaining strong relationships with external partners.
FAQs About the Role – Vice President of Strategic Sourcing – CPG Manufacturing
- What are the key responsibilities of the Vice President of Strategic Sourcing in this role?
As the Vice President of Strategic Sourcing, you will be responsible for developing and implementing sourcing strategies that drive efficiency, cost savings, and supplier performance within the CPG manufacturing sector. You will lead supplier negotiations, optimize procurement processes, manage supplier relationships, and ensure alignment with production needs. Additionally, you will oversee risk management, compliance, and continuously explore innovative sourcing solutions that enhance the company’s competitive advantage.
- What qualifications and experience are required for this position?
The ideal candidate should have extensive experience in strategic sourcing and procurement within the Consumer Packaged Goods (CPG) manufacturing industry. A strong background in supplier management, cost optimization, and supply chain integration is essential. The client is looking for someone with a proven ability to drive procurement excellence and improve overall operational efficiency. A bachelor’s degree in Supply Chain Management, Business Administration, or a related field is required, while an MBA or similar advanced degree is preferred.
- What leadership qualities are essential for this role?
The client seeks a strategic, results-oriented leader with strong decision-making skills and the ability to manage cross-functional teams. Effective communication, collaboration, and relationship-building skills are critical for managing suppliers and internal stakeholders. The ability to navigate complex supply chain challenges, ensure cost optimization, and inspire innovation within the sourcing team is key to success in this role.
- What challenges can I expect in this role?
As the Vice President of Strategic Sourcing, you will face challenges such as optimizing global supply chains, managing cost fluctuations, ensuring supply chain continuity amidst disruptions, and maintaining supplier compliance. The role requires agility in responding to market changes and competitive pressures while continuously identifying opportunities for sourcing innovation. Balancing cost savings with quality standards and fostering long-term supplier partnerships will also be significant challenges.
- What is the expected impact of the Vice President of Strategic Sourcing on the company’s growth?
The Vice President of Strategic Sourcing is expected to have a direct impact on the company’s profitability by driving cost-effective sourcing strategies, improving supplier performance, and optimizing procurement processes. Your ability to develop and execute a sourcing strategy that aligns with the company’s growth goals will contribute to operational efficiency, margin improvement, and long-term sustainability within the CPG manufacturing sector.
- What is the company’s culture and work environment like?
The company promotes a collaborative, results-driven, and innovation-focused work culture. As Vice President of Strategic Sourcing, you will be part of a dynamic team that thrives in a fast-paced environment, with a strong emphasis on continuous improvement, accountability, and operational excellence. The work environment encourages cross-functional collaboration and values leadership that fosters a culture of empowerment and high performance.
What Remuneration Can You Expect from This Job?
As the Vice President of Strategic Sourcing – CPG Manufacturing in Detroit, MI, you can expect a highly competitive compensation package that reflects the seniority and expertise required for this role. The remuneration for this position typically includes the following components:
- Base Salary
The base salary for a Vice President of Strategic Sourcing in the CPG manufacturing industry varies based on company size, market position, and geographical location. In mid-to-large-sized CPG companies, the annual base salary typically ranges from $200,000 to $350,000. For larger or more established organizations, the base salary can exceed $400,000, depending on the candidate’s experience and qualifications.
- Performance-Based Bonuses
In addition to the base salary, most compensation packages include performance-based bonuses. These bonuses are usually tied to key performance indicators (KPIs) such as cost savings, supplier performance, procurement efficiency, and overall contribution to business objectives. Performance bonuses can range from 25% to 50% of the base salary, with top performers having the opportunity to earn higher bonus percentages.
- Equity & Stock Options
Many CPG companies offer equity-based incentives, including stock options, restricted stock units (RSUs), or performance shares, to senior executives. These equity grants align the compensation with the company’s long-term performance and create an opportunity for substantial financial rewards based on company growth. The value of equity grants can vary significantly depending on the company’s size and market position.
- Profit-Sharing & Long-Term Incentive Plans (LTIPs)
Some companies offer profit-sharing or LTIPs as part of the compensation package. These incentives reward executives for their long-term contributions to company performance and growth. LTIPs can provide additional compensation based on long-term business success, which is typically paid out over a period of several years.
- Executive Benefits & Perks
Executives often receive comprehensive benefits, including:
- Health, dental, and vision insurance
- 401(k) or pension plans with company contributions
- Executive retirement plans
- Company-provided vehicles or travel allowances
- Executive wellness programs
- Expense accounts for business-related travel and networking
These benefits ensure that executives are well-supported in both their professional and personal lives.
- Signing Bonuses & Relocation Assistance
For highly qualified candidates, the company may offer signing bonuses or relocation assistance. These one-time incentives are designed to attract top-tier executives to the role and can range from $25,000 to $100,000, depending on the company’s relocation policies and the candidate’s specific situation.
Total Compensation Potential
When factoring in base salary, performance bonuses, equity, and long-term incentives, total compensation for the Vice President of Strategic Sourcing – CPG Manufacturing can range from $350,000 to $700,000 annually. In larger companies or high-growth sectors, total compensation can exceed this range, potentially reaching $1 million or more, depending on the company’s performance and the executive’s impact on the business.
How to Apply
If you are an experienced and strategic leader in the Consumer Packaged Goods (CPG) manufacturing industry, we encourage you to apply for the Vice President of Strategic Sourcing – CPG Manufacturing role in Detroit, MI. This is an incredible opportunity to lead the sourcing strategy for a high-growth company and make a significant impact on the company’s operational efficiency and market competitiveness.
To apply, please submit your resume along with a cover letter that highlights your experience in strategic sourcing, supplier management, procurement processes, and your ability to drive cost-effective and innovative sourcing solutions in the CPG manufacturing sector. In your cover letter, please emphasize your leadership abilities, experience in optimizing supply chains, and your track record of driving value for the company.
This is your chance to step into a leadership role where you can drive lasting change and contribute to the growth and success of a leading CPG manufacturing organization. If you’re ready to make a significant impact on procurement strategy and operational efficiency, apply now!
For more information or to explore similar opportunities, please visit our Strategic Sourcing Executive Jobs Page.
Tags: Vice President of Strategic Sourcing | CPG Manufacturing Jobs | Strategic Sourcing Leadership | Procurement Management | Supply Chain Optimization | CPG Industry | Supplier Relations | Cost Efficiency | Operational Excellence