Procurement Category Manager
Shift4 Payments
Overview
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit www.shift4.com.
As a Procurement Category Manager, you will oversee and optimize the performance of specific vendor / supplier categories within Shift4. This includes strategic sourcing analysis to select “best fit” prospective suppliers, negotiation with suppliers, leveraging your expertise to secure advantageous terms, maintaining strong supplier relationships, and analyzing vendor effectiveness. You will also work closely with cross-functional teams to establish optimal pricing structures and ensure competitiveness.
Objectives of this role
- On behalf of Shift4, optimize its vendor spend to receive best value relative to quality from its Vendors
- Manage Shift4’s risk exposure to vendors by conducting thorough evaluation, building commercially sound deals, and ongoing analysis of Vendor performance
- Collaborating with internal stakeholders to limit the number of suppliers and get best performance from existing contracted vendors.
- Serve as a control to ensure all existing vendors are evaluated and contracts are negotiated to protect Shift4 resources and risk exposure
Your tasks
- Lead supplier negotiations, ensuring favorable terms and conditions to drive cost savings and strengthen supplier relationships
- Work with stakeholders to secure favorable commercial terms (including Legal) to complete contracts
- Establish and evolve best practice standards and parameters for Shift4
- Identify and pursue savings opportunities by engaging existing vendors for discounts or other saving opportunities
- Lead RFP processes to successful vendor selection
- Stay up-to-date with strategic sourcing trends and technological advancements to provide recommendations to senior management
- Evolve strategic sourcing tools and processes to improve the global function
- Re-engage existing vendors in partnership with other internal stakeholders to drive resolution to issues
Required skills and qualifications
- Bachelor’s degree
- 3+ years of procurement / strategic sourcing work involving vendor negotiations
- Leadership Skills- strong ability to lead small group discussions, meetings, and presentations
- Analytical mindset with the ability to interpret data and make data-driven decisions
- Excellent communication and negotiation skills to collaborate effectively with cross-functional teams and stakeholders
- Detail-oriented with a focus on accuracy and quality
- Ability to thrive in a fast-paced and dynamic work environment
- Proficiency in utilizing Microsoft Office Suite, category management tools and software for data analysis and reporting
Preferred skills and qualifications
- Experience in strategic sourcing category management
- Familiarity with managing a RFP process
- Experience with supplier contract negotiations
- Understand supplier tactics and pricing strategies to effectively negotiate
- Experience in vendor management and/or supplier risk management
- Procurement / Sourcing certifications a plus
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.