Sourcing and Procurement Manager

We are hiring our very first Strategic Sourcing and Procurement Manager to join our growing finance team! In this role, you will be responsible for standing up the function, analyzing and identifying opportunities within existing contracts, proactively managing renewals and new vendor sourcing, and leading vendor negotiations. You will focus on assessing and understanding ongoing needs within the business and work with leaders to find cost savings and negotiate terms for new or existing software and service providers. Additionally, you will support travel,supply chain, and other areas of indirect procurement as needed.

Who You Are

• 8+ years of experience in a procurement management role in a high growth environment, ideally building procurement processes and procedures from scratch or rebuilding or modifying existing ones
• Breadth of experience with procuring IT (SaaS and Hardware) as well as travel, shipping and selling materials, and other office expenses
• Demonstrated experience forging relationships with executives, stakeholders, & suppliers to understand business requirements and priorities
• You are a skilled negotiator and have a proven track record of securing favorable terms and tremendous cost savings
• Comprehensive knowledge of procurement technologies and contract management systems (i.e Netsuite, Ironclad, Concur, Etc)
• Demonstrated ability to perform detailed spend analysis and usage by product to uncover savings opportunities
• Deep understanding of contract structures to ensure compliance and identify opportunities for improvement, working with legal and compliance when needed
• Strong attention to detail with the ability to balance tactical work and strategic initiatives, driving continuous improvements and operational excellence
• Outstanding ability to educate and influence stakeholders across the organization, securing buy-in for procurement initiatives through effective communication and strategic negotiation
• Strong market knowledge, with an expert understanding of pricing models, spend ratios, competitive dynamics to ensure cost-effectiveness and industry alignment

How You Will Make An Impact

• Lead negotiations with vendors and suppliers to secure favorable terms and conditions
• Analyze market trends, internal usage, and supplier pricing to identify cost-saving opportunities. Develop and manage procurement budgets in alignment with company financial goals
• Develop and execute a comprehensive strategy for our “procure to pay” operations that aligns with Babylist’s broader financial and operational objectives
• Engage with internal stakeholders across various departments, understand their procurement needs, and optimize a streamlined procurement request and approval process
• Support the travel and expense (T&E) program to negotiate accommodations, airfare, and vendors for major company events and offsites
• Assist with supply chain procurement activities, including shipping materials, tools and machinery, and freight.
• Prepare reports and presentations for senior management
• Monitor and track spending to ensure adherence to budget
• Negotiate with vendors to obtain competitive pricing and favorable terms
• Create and maintain accurate records and documentation for all financial transactions
• Monitor and evaluate performance and productivity of vendors
• Ensure compliance with relevant laws, regulations, and policies

Why You Will Love Working At Babylist

• We invest in the infrastructure you’ll need to be supported and successful: tools, opportunities to connect with colleagues, and a stipend to help you set up your office
• We build products that have a positive impact on millions of people’s lives
• We work at a sustainable pace which means work/life balance is a real thing here
• We believe technology and data can solve hard problems
• We believe in exceptional management
• We are an antiracist organization and doing the work to support differences of all kinds
• We offer competitive pay and meaningful opportunities for career advancement
• We have great benefits like company paid medical, dental, and vision, a generous paid parental leave policy, and 401k with company match
• We care about employee wellbeing with perks for physical, mental and emotional health, parenting, childcare, and financial planning

Babylist takes a market-based approach to pay, and pay may vary depending on your location. Your actual base salary will depend on factors such as your skills, qualifications, experience, and work location.

The estimated pay range for this role is $103,252.00 – $154,878.00