Director of Procurement

Benefits

Additional Information

Vention is seeking an execution-oriented Director of Procurement to lead global supplier management, and cost optimization initiatives across our rapidly growing hardware platform. This role will play a critical part in improving gross margins, strengthening supply chain resiliency, and scaling procurement operations to support Vention's continued global expansion. The ideal candidate combines a deep technical understanding of manufacturing and industrial components with world-class commercial negotiation capabilities. They are equally comfortable building should-cost models, negotiating complex supplier agreements, analyzing global commodity trends, and partnering cross-functionally with engineering, finance, and operations teams to drive measurable business outcomes. This role requires a hands-on leader capable of operating at both strategic and tactical levels within a fast-paced, high-growth industrial technology environment. Roles & Responsibilities Lead Vention's annual cost reduction program in close collaboration with the Chief Financial Officer and Chief Supply Chain Officer, with clear savings targets tied to gross margin improvement Develop top-down and bottom-up cost reduction roadmaps across key spend categories including fabricated metal parts, PCBAs, wire harnesses, motors, electromechanical assemblies, and logistics. Identify and execute cost reduction levers including supplier negotiations, strategic sourcing, dual-sourcing, SKU rationalization, specification optimization, value engineering, and design-for-manufacturing (DFM). Partner cross-functionally with engineering, operations, manufacturing, and finance teams to embed cost competitiveness into product design and sourcing decisions. Build comprehensive supplier negotiation strategies and fact packs leveraging a 360-degree supplier performance view including pricing trends, quality performance, on-time delivery, lead times, responsiveness, and total cost of ownership. Develop should-cost models across key commodities, manufacturing processes, and assemblies to support negotiations and benchmark supplier competitiveness. Establish procurement analytics, dashboards, and executive reporting mechanisms to track savings realization, supplier performance, commodity exposure, and procurement KPIs. Improve and standardize Vention's Master Supply Agreement (MSA) framework, ensuring appropriate commercial, legal, quality, delivery, and IP protections are implemented across critical suppliers. Support supplier selection, qualification, and annual audit processes for mission-critical suppliers, including risk assessment and mitigation planning. Monitor global commodity pricing trends (e.g., aluminum, copper, steel, electronics components) and proactively identify sourcing risks and opportunities. Drive procurement process maturity, governance, and operational excellence initiatives to support rapid company growth and global scale. Bachelor's degree in Mechanical Engineering, Industrial Engineering, Supply Chain, Operations, or a related technical field. 8+ years of experience in strategic sourcing, procurement, supply chain, or cost engineering within industrial automation, robotics, electronics, or manufacturing environments. Proven track record negotiating complex global multi-million-dollar supply agreements with sophisticated suppliers and contract manufacturers. Strong analytical and financial acumen, with the ability to independently develop negotiation fact packs, spend analyses, cost variance analyses, and business cases. Deep expertise in should-cost modeling across key manufacturing processes including machining, sheet metal fabrication, injection molding, PCB assembly, cable assembly, and electromechanical systems. Strong understanding of global supply markets, commodity pricing dynamics, and manufacturing economics. Experience managing suppliers across North America, Europe, and Asia, including familiarity with international sourcing and contract structures. Comfortable operating in both strategic and hands-on environments within a fast-growing company. Excellent communication, negotiation, and executive presentation skills. Strong project management and cross-functional leadership capabilities. Comfortable leveraging a broad range of negotiation approaches, from collaborative partnership models to highly competitive commercial negotiations.

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