The incumbent manages a vendor portfolio of toy manufacturing companies. The job holder will be a member of the Strategic Sourcing Council, reporting to the Strategic Sourcing Director in charge of the Vendor Management team.
The job holder is accountable for the business relationship, performance and cost savings from the assigned vendors. He/she is the key interfaces between assigned vendors and Hasbro organization, ensuring that Hasbro keeps leverage in this complex and challenging business relationship and ensures the ‘one Hasbro face/voice’ in the multi-functional and multi-level relationship with the assigned vendors.
Given the drive towards establishing a global sourcing footprint, the mission is to ensure that the vendor management transitions from a 'project by project' or ‘incident’ basis by individual functions to an integrated and holistic vendors management approach.
As member of the Sourcing Council, the incumbent will actively contribute to the definition and implementation of the GDSO vendor base strategy and business allocation process.
The job holder will support the costing and product development teams in their negotiations and cost discussions with vendors.
Ensures current and future vendor base has the capabilities to develop and deliver the 5-year product plans of safe, sustainable and reliable products on time, in full and at competitive costs
Drive the Full Potential in Sourcing and enable GDSO to deliver US$130~150M product cost saving by the next 5 years.
Ensures alignment between Sourcing Strategies, GBT/Category priorities and Product Development and Engineering Roadmaps
Quality of Sourcing Plans:
Responsible for cross functionally aligned & supported sourcing plans with the 2~3-year vendor allocation strategy per category, based on business priorities, product line plans, manufacturing capability requirements, vendor performance & competitiveness and cross functional & strategic sourcing considerations.
Ensures solid supply base risk mitigation plans across categories, vendors, geography, political, inflation, trade, etc.
Ensures that the agreed Sourcing Plans are supported and implemented in New Product Development and Carry Forward vendor selection decisions.
Ensures that all cost-saving levers (commercial negotiations, value engineering, ACR, CVP, “should be” costing, deep-dives) are identified and applied
Sourcing Excellence & Vendor Performance:
Systematically assess current and new vendors with effective segmentation / tiering to ensure healthy supplier pipeline to support current and future Category/GBT requirements/priorities.
Establishes Vendor Account Plans to continuously improve performance and push for excellence via Strategic Business Initiatives and Capability Building Programs.
Prepares and leads the Joint Business Planning meetings and Vendor Scorecard & business reviews. Ensures that proper Corrective Action Plans (CAP) are in place to bridge any performance gaps and followed through.
Facilitates vendor competence development on Supply Chain, Product Development and Manufacturing with clear objectives and metrics at assigned vendors
Vendor Account Management:
Manage interfaces between vendors and Hasbro, ensuring that Hasbro keeps leverage in the business relationship
Escalation for Quality, Engineering, Costing, Planning and Supply Chain Management to get priority from vendor leadership.
Ensure Master Purchasing Agreements are in place
Ensures vendor compliance to Hasbro Ethical Sourcing Policy and facilitate implementation of CAP
Maintaining database, tools & loading plans, as well as leading continuous improvement projects requiring a diverse understanding of internal reporting tools, and manufacturing capabilities, as well as an ability to influence cross functionally to drive continuous change and improvement.
Years of Experience Required
Minimum 8 to 12 years of relevant work experience with at least 5 years of procurement experience in an international environment
Ideally with experience in change management and managing sourcing process improvement projects.
Technical Skills Requirement
Graduate from technical university with Master Degree, preferably mechanical or industrial engineering with business management
Excellent command of English skills, both oral and written
Soft Skills Requirements
Work with senior leaders at Hasbro to define KPIs for the team ·
Be the escalation point of the operational team, ensuring KPIs are achieved and is aligned with company’s strategy and vision
He/she will act as the escalation point for complicated issues and operational challenges
With a strong visionary mindset and be able to influence the team members to understand company’s strategy and how it is related to their daily work
Strong teamwork capability, be able to cooperate with colleagues from different background, department and levels
Respects the process and company’s practices while not afraid to challenge the status quo
Passionate, flexible, ability to deal with uncertainty in a challenging environment
Able to withstand pressure and be a good team player
Excellent communication skills with “can-do” attitudes