Vice President, Procurement

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Job Summary

Job Description

The Vice President of Procurement will drive the strategic direction, operational excellence, and continuous improvement of our global supply chain operations. This position is critical to our mission of optimizing procurement strategies, driving cost efficiencies, and enhancing supplier relationships.

Responsibilities & Duties

• Strategic Leadership: Develop and execute a comprehensive procurement strategy aligned with Nidec Motor Corporation's business objectives. Lead the global procurement team to achieve strategic goals and operational excellence.
• Supplier Management: Build and maintain strong relationships with key suppliers to ensure high-quality, cost-effective, and timely delivery of materials and services. Negotiate contracts and agreements to secure favorable terms and conditions.
• Cost Optimization: Implement best practices and innovative approaches to achieve cost savings and improve procurement efficiency. Monitor market trends, supplier performance, and pricing to make data-driven decisions.
• Team Leadership: Lead, mentor, and develop a high-performing procurement team. Foster a culture of collaboration, continuous improvement, and professional growth within the department.
• Cross-Functional Collaboration: Partner with other departments, including Finance, Engineering, and Operations, to align procurement strategies with overall business needs and project requirements.
• Risk Management: Identify and mitigate procurement risks related to supply chain disruptions, quality issues, and compliance. Develop contingency plans to address potential challenges.
• Compliance and Governance: Ensure procurement practices adhere to company policies, legal regulations, and ethical standards. Monitor and enforce compliance with contractual obligations and procurement policies.
• Performance Metrics: Establish and track key performance indicators (KPIs) to measure the effectiveness of procurement activities. Provide regular reports and insights to the President of Nidec Automation and other senior stakeholders.

Travel

• Travel, both domestic and international, will be required approximately 20%

Education

• Bachelor's degree in Supply Chain Management, Business Administration, Finance, or a related field.
• An MBA or advanced degree is preferred

Experience and qualifications

• 15+ years of experience in procurement, with at least 7 years in a senior leadership role.
• Proven track record of managing global procurement functions and driving significant cost savings.
• Strong strategic thinking and problem-solving skills.
• Excellent negotiation and contract management abilities.
• Demonstrated leadership and team management experience.
• In-depth knowledge of procurement best practices, market trends, and supplier management.
• Exceptional communication and interpersonal skills.
• Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) are a plus.

Languages

• English required
• Spanish is a plus

Additional Job Details

At Nidec, we prioritize our team's well-being and success. Our comprehensive benefits package is designed to support you both personally and professionally. These are just a few of the great benefits we offer, with additional perks and programs available to enhance your overall experience with us.

• Competitive Compensation: Attractive salary with bonus opportunity.
• Health and Wellness: Comprehensive medical, dental, and vision coverage, effective from your first day.
• Retirement Savings: 401(k) plan with a robust company contribution to support your financial future.
• Work-Life Balance: Generous time off package, including vacation, sick leave, and holidays. Enjoy a hybrid work schedule, with remote work options on Mondays and Fridays, and in-office collaboration on Tuesdays, Wednesdays, and Thursdays.
• Education Assistance: Tuition reimbursement and continuous learning opportunities to support your professional growth.

Equal Employment Opportunity and Affirmative Action at Nidec
Nidec is an Equal Employment Opportunity (EEO) and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants receive consideration for employment without regard to their age, gender, gender identity, sexual orientation, race, color, genetic information, religious creed, national origin, physical or mental disability, protected veteran status, or any other characteristic protected by law. For more information regarding your (EEO) rights as an applicant, please visit the following website: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf

No Soliciting

Nidec will not accept unsolicited resumes from individual recruiters or third party recruiting agencies in response to Nidec job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers. Pre-approval from the Nidec Talent Acquisition team is required before any external candidate can be submitted and such candidate must be submitted to the Nidec Talent Acquisition team.