Job Summary
The Vice President of Procurement position at iHerb is a newly created role to enable the company's further growth, scale, and procurement sophistication.
The VP of Procurement is responsible for leading procurement efforts to efficiently and effectively enable business units and functional partners to maximize the value they receive from suppliers to meet their objectives. You will work with business units to lead centralized sourcing and procurement efforts utilizing SAP Ariba. This will include working with the internal stakeholder from initial need identification to final goods or service delivery. Specifically, this role will be responsible for the following process demand management, supply analysis/strategy, supplier identification, sourcing execution, contract negotiation, delivery planning and monitoring, purchase execution, and ongoing performance management and improvement. Job Expectations
Development of organizational procurement strategy and plans, including investment, resource, and skill requirements Serve as an authority on developing and interpreting procurement guidelines, policies, and procedures for a variety of procurement issues Provide advice to officers, management officials and subordinate staff to guide them in the creation of procurement strategies. Review and manage procurement, including complex bid processes for conformance with regulatory requirements, corporate policies, and procurement practice, ensuring fair and open competition and best benefit to the Corporation in purchasing; Assisting management with assembling and maintaining high quality lists of potential bidders. Direct the full range of actions required for the contract administration phase while partnering with Finance and Legal (review and consent, post-award conferences with bidders, establishment of work schedule, track progress, negotiate new/changed requirements, contract modifications, exercise contract options, remedial action, settle claims, contract termination, and requests for payments). Creation and management of short-, mid-, and long-term goals and objectives. Development of benchmarks and metrics including a routine scorecard to set baseline standards and review for improvement opportunities with a view towards reducing costs while improving the overall quality of purchased goods and services. Closely link Procurement performance with business needs. Creation and improvement of best-practice-based processes. Selection and management of procurement systems. Collaborates with business leaders to evaluate Technology investment plans. Management of procurement staff in (and across) sourcing, contracting, transactional purchasing, supplier management, and miscellaneous internal procurement support activities. Leadership of cross-functional teams to achieve company goals. Knowledge, Skills And Abilities
Proven record of initiating and carrying out cost reduction/productivity improvement programs. Working knowledge of finance and/or accounting in terms of budgeting, cost management, financial accounting, treasury, risk management, etc. Experience with a P&L business unit or division management. Experience with ERP & ERP implementation experience is a plus. Working knowledge of contract administration/law. Strong analytical skills. Great attention to detail, and the ability to thrive in a team based corporate culture. Demonstrate strength working cross functionally to drive issue resolution. Excellent written, verbal, and interpersonal communications, listening and presentation skills. A progressive, proactive approach that is eager to embrace technology and modern management principles. Experience in dealing with manufacturers and distributors. Must possess the ability to "sell" Procurement's value and to run Procurement as a services business like any other well-run professional services business. Excellent organization and time management skills to manage multiple tasks and deadlines in an environment with large volumes of data. Strong leadership and negotiation skills. Equipment Knowledge
Experience with Microsoft Office Suite (Word, Excel, PowerPoint) Experience with Google Business Suite (Gmail, Drive, Docs, Sheets, Forms) preferred Experience Requirements
Generally requires a minimum of 15 years of relevant experience At least 10+ years strategic sourcing and indirect spend experience supporting a matrix organization Previous procurement implementation experience a plus Education Requirements
Bachelor's Degree required. MBA preferred.
The anticipated pay scale for this position can be found below, however the pay range applicable to you may vary by geographic location based on where the job is located or where you work. The final pay offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and years of experience within the job, the type of years and experience within the industry, education, etc. iHerb, LLC is a multi-state employer and this pay scale may not reflect positions that work in other states or locations.
Employees (and their families) that meet eligibility criteria as outlined in applicable plan documents are eligible to participate in our medical, dental, vision, and basic life insurance programs and may enroll in our company's 401(k) plan. Employees will also be eligible for Time Off and Paid Sick Leave pursuant to the company's policies. Employees will enjoy paid holidays throughout the calendar year. Eligibility requirements for these benefits will be controlled by applicable plan documents.
Hired applicant may be awarded Restrict Stock Units and receive annual bonuses pursuant to eligibility and performance criteria defined in the respective plan documents and policies.
For more information on iHerb benefits, visit us at iHerbBenefits.com.
Anticipated Pay Scale
$220,667—$386,168 USD Staffing Agency Submission Notice
iHerb does not accept unsolicited 3rd party ("Agency") candidates. If you are an Agency, please send any requests to be considered as a supplier in our Vendor Management System to . Do not contact iHerb employees directly. If requested to work on a role, any Agency candidates would be presented through the internal recruiting organization. About IHerb
iHerb is on a mission to make health and wellness accessible to all. We offer Earth's best-curated selection of health and wellness products, at the best possible value, delivered with the most convenient experience.
We're the world's largest eCommerce platform dedicated to vitamins, minerals, and supplements, and other health and wellness products. For more than 25 years, we've been making it simple for people all over the world to purchase the highest quality products. From supplements to skincare to grocery items, we ship over 30,000 products, from over 1,200 brands direct to our customers in 185+ countries.
Our vision is to become the #1 destination for health and wellness across the world.
With a passion for wellness and a mind for innovative solutions, iHerb team members share a vision for a healthier world that drives them each day. Our 5 Shared Values unite our global team
Focus on the Customer Empower Our People Be Entrepreneurial & Pivot Quickly Embrace Diversity & Inclusion Strive for Simplicity IHerb Benefits
At iHerb, we are dedicated to offering programs designed to help our employees and their families stay healthy, live well, and plan for their financial future. Built on a strong foundation, our programs provide options and upgrades with flexibility, protection, and security in mind. For the comprehensive benefits list, visit For our international team members, you may be eligible for benefits depending on the country where you are employed. The Talent Acquisition Partner/local HR representative will go over the benefits you are eligible for.
iHerb is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. iHerb provides equal employment opportunities to all applicants for employment and prohibits discrimination and harassment.
