Supply Chain and Purchasing Director

About FCP Euro

FCP Euro is a leading online provider of Genuine, OE, and OEM parts for European cars. Established as a brick-and-mortar store in 1986, and brought online in 2001, FCP Euro is one of the fastest-growing automotive eCommerce companies in the United States.

FCP Euro has achieved consistent double-digit revenue growth since its inception online in 2001 and is forecasted to exceed $500 million in revenue and 600 employees by 2025. The company has been awarded spots on the Inc. 5000 Fastest growing private companies in 2011, 2012, 2016, 2017, 2018, 2019, 2020, and 2021.

The company currently operates its eCommerce headquarters and distribution out of Milford, CT where it currently has 220 employees, 105,000 sq. ft of distribution and fulfillment, and $25 million of inventory. The company has plans for physical expansion into the Southwest US (Arizona) and Southeast US (Florida) over the next 24 months and is looking for procurement/supply chain leadership and managerial talent to support both the geographic and inventory expansion plans.

Job Summary

The Supply Chain & Purchasing Director will be responsible for all aspects of the procurement process at FCP Euro which includes overseeing planning, sourcing, vendor management, purchasing operations, inventory coordination, data management, and continuous improvement within the division.

The ideal candidate has a solid background in heading and leading supply chain strategies and inventory management across multiple facilities. They have the rare talent where they can be strong in areas such as negotiation however have the ability to create and foster great relationships both internally and externally. They are data-driven, attentive to details, and have a track record of success developing and managing teams and inventory strategies.

This position reports directly to Nick Bauer, the President, and Founder, and requires the individual to be on-site at corporate headquarters.

Responsibilities and Duties as Supply Chain & Purchasing Director

• Provides leadership across all functions within the purchasing and supply chain division

Planning

• Owns and implements proper inventory demand planning across FCP Euros facilities

• Owns and optimizes FCP Euros forecasting processes for inventory across multiple facilities

• Works with the Finance team to develop cash forecasting models for inventory requirements

• Coordinates and implements best practices for new product development with the Catalog Team

• Coordinates and implements proper staffing levels across the division

• Develops and implements recruiting strategies for the division to attract top talent

• Develops and executes strategic plans for inventory requirements for future facilities

Sourcing

• Owns the process for setting up and identifying new suppliers

• Develops and executes the process for bringing new products to the organization

• Develops best practices for contract pricing on our top items

• Implements process for RFPs on top selected items

• Develops and enhances supply chain by strategically bringing the Grey Market into the picture

Purchasing

• Oversee the process for the multi-mode fulfillment model (Stock, JIT, and Dropship)

• Develops strategies for multi-mode fulfillment model to increase profitability and efficiency

• Responsible for overseeing all purchase orders submitted within the company

• Responsible for setting and achieving budgeted purchase requirements with our partners

• Develops processes to identify where each open item is within the supply chain and our partners

Procurement Data

• Responsible for accurate lead times for all products listed on our website

• Responsible to ensure accurate product availability for products on our site

• Develops and enhances processes to manage all backorder products on our site

• Coordinates and develops processes for products that have been discontinued

• Coordinates and develops processes for all products that have been superseded

Continuous Improvement

• Responsible for reviewing all technology annually and offering insight into best practices and potential solutions

• Responsible for reviewing all processes within the department to increase efficiency

• Ensures all processes are properly documented and trained to all team members

• Develops strategies for supply chain risk mitigation

• Develops strategies for product availability and brand risk mitigation

• Ensures all processes within the department are repeatable and scalable

• Responsible for developing standards for quality assurance across all functions within the department

Qualifications and Skills

• Bachelor's Degree in Finance or Business or equivalent experience is required.

• 10 years of progressive management or relative experience in Procurement or Supply Chain

• Experience within the Automotive Aftermarket is preferred

• Extensive experience sourcing and procuring inventory from all regions of the world

• Experience managing inventory values in excess of over $50 million

• Experience managing and maintaining data for an SKU base of over 200,000 products

• Experience developing forecasting models for multi-site distribution

• Experience managing and setting appropriate inventory levels across multiple facilities

• Demonstrated ability to create successful budgets with strong KPI management

• Strong and experienced negotiation skills

• Ability to create extensive financial models for forecasting and cash management as it relates to inventory requirements

• Demonstrated success in leading and developing teams to collaborate cross-departmentally

• Ability to effectively communicate, interact with various levels of leadership and management

• Strong analytical skills and an ability to lead data-driven discussions to drive alignment around inventory procurement strategies in the organization

• Ability to build partnerships, manage stakeholders, and work collaboratively with cross-functional partners to meet organizational objectives

• Comprehensive understanding of the financial statements

Compensation

• This position will target M7-Director or M8-Senior Director

• $100,000 - $175,000 Base Salary

• Up to 30% of Base Salary based on company performance

• Up to 2,5000 stock units

Benefits and Perks

• Monthly Profit Sharing Award Program

• Medical, Dental, Vision

• Life, Disability, Critical Illness, Accident

• PTO (Paid Time Off)

• 401k with Company Match

• Exclusive Discount Offerings

No phone calls or agency referrals, please.

FCP Euro provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination or harassment of any kind based on race, color, religion, sexual orientation, sex, gender identity or expression, national origin, cultural heritage, ancestry, political belief, age, marital status, family status, pregnancy, physical or mental disability, intellectual disability, learning disability, veteran status or any other characteristic protected by the law.

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