ofi North America (Olam Food Ingredients)
Senior Buyer, Indirect Procurement
ofi North America (Olam Food Ingredients), Chicago, Illinois, United States, 60290
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Senior Buyer, Indirect Procurement
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ofi North America (Olam Food Ingredients) Get AI-powered advice on this job and more exclusive features. Description
We are a global leader in food & beverage ingredients. Pioneers at heart, we operate at the forefront of consumer trends to provide food & beverage manufacturers with products and ingredients that will delight their consumers. Making a positive impact on people and planet is all part of the delight. With a deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable and transparent supply. Supplying products and ingredients at scale is just the start. We add value through our unique, complementary portfolio of natural, delicious and nutritious products. With our fresh thinking, we help our customers unleash the sensory and functional attributes of cocoa, coffee, dairy, nuts and spices so they can create naturally good food & beverage products that meet consumer expectations. And whoever we’re with, whatever we’re doing, we always make it real. Position Summary Our non-ofi ingredients sourcing spend is exposed to the commodities market. With its fluctuations in available resources and related prices this strategic role is critical to our business objectives and will have a big impact on our mission and success. As lead of indirect procurement within ofi Food and Beverage Solutions, reporting to the Head of Supply Chain North America, you will focus on procurement, commodity management, and developing a future-proof strategy. You\'ll be responsible for developing and adjusting our buying policy depending on market conditions and aligned with ofi’s risk appetite. We expect you to closely monitor market trends, make strategic recommendations, and redefine our approach for strategic commodities. In addition to the responsibilities mentioned earlier, a significant part of your role will be to ensure cost-effective sourcing of our non-ofi ingredients, with focus on commodities, secure a reliable supply, and actively contribute to our sustainability strategy. Directly responsible for a group of ingredients sourced outside of ofi / Olam, relevant for the Food and Beverage Solutions business across the North America region. Working in a cross functional basis within the Food and Beverage Solutions business. Key Responsibilities
Lead the sourcing strategy for ingredients not in OFI’s current portfolio, with primary focus on commodities, required to drive growth within our Food and Beverage Solutions business (eg sugar, oils and fats, additives). Continuously track market trends in line with business context, trigger/advise purchase decisions in alignment with the Head of Supply Chain NA and relevant business head(s). Build, manage lead-time, and lead RFPs (Requests for Proposal) and develop “should-cost” analysis. Lead the development, negotiation, and execution of key contracts with key suppliers to ensure quality, cost-effectiveness, and timely delivery of all allocated ingredients portfolio. Medium level contracting activities involving development and supply of products, intellectual property, third party investments, in order to protect the business and minimize / avoid liabilities. Develop and implement a comprehensive commodities strategy, regularly review methodologies and be mindful of potential risk mitigations. Ensure timely booking of commodity contracts, to guarantee back-to-back hedges and that our margins are not affected by volatility of the commodity prices Continuous monitoring and upload of all commodities and external (specialty fats, sugar etc) forward prices into the pricing tool Make sure ofi\'s has competitive prices for all allocated ingredients, leveraging on market research and co-developing alternatives with suppliers and internal stakeholders. Project manage, build, identify and execute cost savings initiatives across the allocated ingredients portfolio, tracking progress against budget/savings and delivering regular reports to senior management. Organize and facilitate regular meetings to support informed decision-making with up-to-date market insights. Supplier Relationship Management (incl. supplier segmentation, business review meetings, improvement projects etc. – where relevant and aligned within the strategy) Partner with other functions on cross-functional projects relevant for the allocated ingredients portfolio (e.g. implementation of systems, global master data, sustainability reporting etc.). Accountable for continuously improving supplier performance including service and quality. Provide contingency plans to ensure continuity of supply of his/her portfolio of materials. Qualifications
Bachelor's Degree in Business Administration, Supply Chain Management, or a related field; Master's degree preferred. Proven experience (8+ years suggested) in strategic sourcing, indirect procurement, or commodity management. A strong track record of delivering cost savings and value creation is required. Demonstrated expertise in commodity management, including market analysis, risk management, and strategic sourcing in a fast-paced environment. Strong understanding of procurement processes, contract law, supplier relationship management, and supply chain technologies. Exceptional negotiation, communication, and collaboration skills, with the ability to influence and persuade stakeholders at various levels. Analytical mindset with the ability to leverage data to identify cost-saving opportunities and improve processes. Knowledge of sustainability principles, responsible sourcing practices, and their application within procurement. Ability to travel as required. Benefits
ofi provides employees with a comprehensive & competitive benefits package that is designed to support your career, health, and future. A Rewarding Career Awaits! The pay for this role ranges from $71,000 - $95,000 annually and is based on the position responsibilities and geographic location. Actual pay within this range may be determined based on the candidate\'s experience, qualifications, and/or other determining factors. Performance-based Bonuses: Discretionary bonus rewarding company performance as well as your contributions and impact, for eligible roles. Comprehensive & Affordable Benefits: Coverage for you (and your eligible dependents) with plans designed for peace of mind and savings for the future. A Culture of Well-being: Paid Volunteer time off, access to events, resources, and learning opportunities that inspire a physical, social, emotional, and financial well-being for you and your family. Family Support: Paid parental leave, Fertility benefits and lactation support, including milk shipping for traveling employees. Additional Perks That Make a Difference Vacation time from Day 1 – Your time off starts accruing immediately, growing with your tenure. Paid Sick Leave – Rest, recover, and return strong – with paid sick leave on ofi. Company Paid Holidays – ofi values work-life balance and the importance of celebrating life’s special moments. 401K Match on Day 1 – Invest in your future with our competitive retirement savings program. Career Growth & Learning – Join a company committed to developing talent, fostering innovation, and creating meaningful opportunities. At ofi, we don’t just offer jobs—we provide careers built on impact, inclusion, and innovation. Come grow with us! Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization. ofi provides equality of opportunity for all persons with respect to hiring without discrimination on the grounds of race, color, religion, national origin, sex, pregnancy, age, disability, veteran status, or sexual orientation. All employment will be decided on the basis of qualifications, merit and business need. If you need assistance or an accommodation due to a disability, you may contact us for support at: [email protected] At ofi, we celebrate our diversity. Olam Americas LLC is proud to be an equal opportunity workplace.
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Senior Buyer, Indirect Procurement
role at
ofi North America (Olam Food Ingredients) Get AI-powered advice on this job and more exclusive features. Description
We are a global leader in food & beverage ingredients. Pioneers at heart, we operate at the forefront of consumer trends to provide food & beverage manufacturers with products and ingredients that will delight their consumers. Making a positive impact on people and planet is all part of the delight. With a deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable and transparent supply. Supplying products and ingredients at scale is just the start. We add value through our unique, complementary portfolio of natural, delicious and nutritious products. With our fresh thinking, we help our customers unleash the sensory and functional attributes of cocoa, coffee, dairy, nuts and spices so they can create naturally good food & beverage products that meet consumer expectations. And whoever we’re with, whatever we’re doing, we always make it real. Position Summary Our non-ofi ingredients sourcing spend is exposed to the commodities market. With its fluctuations in available resources and related prices this strategic role is critical to our business objectives and will have a big impact on our mission and success. As lead of indirect procurement within ofi Food and Beverage Solutions, reporting to the Head of Supply Chain North America, you will focus on procurement, commodity management, and developing a future-proof strategy. You\'ll be responsible for developing and adjusting our buying policy depending on market conditions and aligned with ofi’s risk appetite. We expect you to closely monitor market trends, make strategic recommendations, and redefine our approach for strategic commodities. In addition to the responsibilities mentioned earlier, a significant part of your role will be to ensure cost-effective sourcing of our non-ofi ingredients, with focus on commodities, secure a reliable supply, and actively contribute to our sustainability strategy. Directly responsible for a group of ingredients sourced outside of ofi / Olam, relevant for the Food and Beverage Solutions business across the North America region. Working in a cross functional basis within the Food and Beverage Solutions business. Key Responsibilities
Lead the sourcing strategy for ingredients not in OFI’s current portfolio, with primary focus on commodities, required to drive growth within our Food and Beverage Solutions business (eg sugar, oils and fats, additives). Continuously track market trends in line with business context, trigger/advise purchase decisions in alignment with the Head of Supply Chain NA and relevant business head(s). Build, manage lead-time, and lead RFPs (Requests for Proposal) and develop “should-cost” analysis. Lead the development, negotiation, and execution of key contracts with key suppliers to ensure quality, cost-effectiveness, and timely delivery of all allocated ingredients portfolio. Medium level contracting activities involving development and supply of products, intellectual property, third party investments, in order to protect the business and minimize / avoid liabilities. Develop and implement a comprehensive commodities strategy, regularly review methodologies and be mindful of potential risk mitigations. Ensure timely booking of commodity contracts, to guarantee back-to-back hedges and that our margins are not affected by volatility of the commodity prices Continuous monitoring and upload of all commodities and external (specialty fats, sugar etc) forward prices into the pricing tool Make sure ofi\'s has competitive prices for all allocated ingredients, leveraging on market research and co-developing alternatives with suppliers and internal stakeholders. Project manage, build, identify and execute cost savings initiatives across the allocated ingredients portfolio, tracking progress against budget/savings and delivering regular reports to senior management. Organize and facilitate regular meetings to support informed decision-making with up-to-date market insights. Supplier Relationship Management (incl. supplier segmentation, business review meetings, improvement projects etc. – where relevant and aligned within the strategy) Partner with other functions on cross-functional projects relevant for the allocated ingredients portfolio (e.g. implementation of systems, global master data, sustainability reporting etc.). Accountable for continuously improving supplier performance including service and quality. Provide contingency plans to ensure continuity of supply of his/her portfolio of materials. Qualifications
Bachelor's Degree in Business Administration, Supply Chain Management, or a related field; Master's degree preferred. Proven experience (8+ years suggested) in strategic sourcing, indirect procurement, or commodity management. A strong track record of delivering cost savings and value creation is required. Demonstrated expertise in commodity management, including market analysis, risk management, and strategic sourcing in a fast-paced environment. Strong understanding of procurement processes, contract law, supplier relationship management, and supply chain technologies. Exceptional negotiation, communication, and collaboration skills, with the ability to influence and persuade stakeholders at various levels. Analytical mindset with the ability to leverage data to identify cost-saving opportunities and improve processes. Knowledge of sustainability principles, responsible sourcing practices, and their application within procurement. Ability to travel as required. Benefits
ofi provides employees with a comprehensive & competitive benefits package that is designed to support your career, health, and future. A Rewarding Career Awaits! The pay for this role ranges from $71,000 - $95,000 annually and is based on the position responsibilities and geographic location. Actual pay within this range may be determined based on the candidate\'s experience, qualifications, and/or other determining factors. Performance-based Bonuses: Discretionary bonus rewarding company performance as well as your contributions and impact, for eligible roles. Comprehensive & Affordable Benefits: Coverage for you (and your eligible dependents) with plans designed for peace of mind and savings for the future. A Culture of Well-being: Paid Volunteer time off, access to events, resources, and learning opportunities that inspire a physical, social, emotional, and financial well-being for you and your family. Family Support: Paid parental leave, Fertility benefits and lactation support, including milk shipping for traveling employees. Additional Perks That Make a Difference Vacation time from Day 1 – Your time off starts accruing immediately, growing with your tenure. Paid Sick Leave – Rest, recover, and return strong – with paid sick leave on ofi. Company Paid Holidays – ofi values work-life balance and the importance of celebrating life’s special moments. 401K Match on Day 1 – Invest in your future with our competitive retirement savings program. Career Growth & Learning – Join a company committed to developing talent, fostering innovation, and creating meaningful opportunities. At ofi, we don’t just offer jobs—we provide careers built on impact, inclusion, and innovation. Come grow with us! Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization. ofi provides equality of opportunity for all persons with respect to hiring without discrimination on the grounds of race, color, religion, national origin, sex, pregnancy, age, disability, veteran status, or sexual orientation. All employment will be decided on the basis of qualifications, merit and business need. If you need assistance or an accommodation due to a disability, you may contact us for support at: [email protected] At ofi, we celebrate our diversity. Olam Americas LLC is proud to be an equal opportunity workplace.
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