Sourcing Manager, FormulationFrida is looking for a Sourcing Manager, Formulation, to join our Operations team and lead the process of finding the ideal products and partners to drive our growth. The Sourcing Manager, Formulation will build and maintain relationships with suppliers, evaluate manufacturing partners against a performance scorecard, and negotiate costs and other key business terms.Responsibilities to include:Match product and formulation requirements with suppliers that have the technical expertise, quality systems, regulatory capabilities, capacity, and commercial structure needed to manufacture premium products at scaleLead negotiations with new and existing suppliers to negotiate product COGS and other key termsPrepare RFQs, manage the quoting process, collect, consolidate and analyze quotations, build potential scenarios, and make an informed recommendation that aligns with company objectivesPlan and schedule pre-award meetings and coordinate evaluation process with relevant internal departmentsManage product transition between suppliers on targeted supply base optimization initiativesSupport SRM in maintaining supplier scorecard, monitor supplier performance against target KPIs, providing feedback to help maintain supplier performance databaseIdentify, manage, and develop sources that offer the company the edge needed to succeed in terms of price, quality and safetyEnhance relationships with key business partners to help ensure on time delivery, quality standards are being met, and identify opportunities to improve pricing and termsSupport Supplier Agreement negotiation & inputs, driving for Frida favorable termsExecute on company's strategic business objectives regarding supplier base optimizationMaintain COGs in all systems, targeting negative PPV through product/supplier optimization or negotiationEvaluate contract manufacturers' formulation, blending, filling, testing, scale-up, validation, and packaging capabilitiesAssess ingredient availability, raw material cost drivers, MOQs, shelf-life considerations, testing requirements, and regulatory constraintsLead formulation transfers and supplier qualification activities, including first production runs and manufacturing transitionsIdentify alternate ingredients, raw material suppliers, or manufacturing approaches that improve cost, quality, performance, or supply continuity without compromising product requirementsSupport confidentiality and intellectual property protections related to formulations in partnership with LegalApproximately 25% travel required to visit potential and existing suppliersWhat You Will NeedBachelor's degree in Supply Chain, Engineering, Manufacturing, Business, or related fieldAt least 3 years of experience managing and sourcing global suppliers with proven success in locating and developing suppliers with world class capabilities3+ years of sourcing, procurement, supplier development, or manufacturing experience involving formulated consumer products, personal care, OTC products, pharmaceuticals, medical devices, or similarly regulated productsExperience as lead negotiator with proven performanceStrong project management experience and demonstrated ability to lead multiple cross-functional projects concurrently to completionStrong in all Microsoft Office solutions, especially Microsoft ExcelKnowledge of global sourcing platforms + resourcesVery strong negotiating skillsExperience dealing with suppliers in Asia, Europe, Latin America, and the United StatesUnderstanding of / experience in working with commodities (raw materials, plastics, resins)Demonstrated ability to understand & breakdown COGs, with a high degree of accuracyWorking knowledge of formulation manufacturing processes, including ingredient sourcing, batching, blending, filling, testing, scale-up, and finished product packagingBasic knowledge of Lean manufacturing best practicesExperience handling requests for information, quotations, proposals and bidding processes, as well as social compliance, quality and capabilities auditsThe disposition to prioritize, organize and manage multiple projects simultaneously with high attention to detail and qualityA sense of urgency to quickly, decisively, and efficiently resolve business issuesThe ability to build strong and trusting cross-functional relationshipsExcellent communication skillsCAD experience a plusWho You Will Work WithFrida is an organization that values collaboration and community. As the Sourcing Manager, Formulation, you will work closely with Product Development, Quality, Regulatory, Packaging Engineering, Operations, Supply Planning, Finance, and Legal.Our Ways of WorkingFrida HQ is located in Miami, Florida and approved roles have the flexible option to work remotely both Mondays and Fridays with the benefit of connecting in person Tuesdays - Thursdays.Why You Will Love Working at FridaWe offer a comprehensive and thoughtfully designed benefits package to support our employees:Robust health benefits including:Comprehensive medical, vision, and dental plan optionsEmployer paid life insuranceSupplemental insurance options including Accident Insurance, Short-Term Disability and Long-Term Disability, Cancer Coverage, and moreFSA & HSA401k matching up to 4% with immediate vestingGenerous paid time off program including elective PTO days, federal holidays, sick/wellness days, floating holidays, and a birthday day off!Pregnancy and parental leaveWeekly wellness programming in-officeDog friendly office - feel free to bring your best buddy with you to work!Learning & development opportunities for professional and personal growthCompany-wide events & outings.
Team engagement is at the center of our culture. This ranges from small department-specific teambuilding or informal outings to our annual Fam Jam family carnival that celebrates the people in your life who support you in bringing your best self to work each day. We also host an annual Day of Service to support our local Miami community, and provide a variety of volunteer opportunities throughout the year that support our mission to serve parents and children.Exclusive employee product discounts