Procurement Manager

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Cronos Group

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2018

Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos' diverse international brand portfolio includes Spinach®, PEACE NATURALS® and Lord Jones®.

📋 Description

• Develop and implement procurement strategies to ensure timely and cost-effective acquisition of materials. • Identify and evaluate potential suppliers, negotiate contracts, and establish long-term relationships to ensure supply stability and quality. • Manage vendor performance, conduct regular assessments, and address any issues related to quality, delivery, or compliance. • Work closely with supply chain team to continuously monitor inventory levels to ensure optimal stock availability and minimize both stockouts and excess inventory. • Implement inventory optimization techniques to balance stock levels with production schedules and demand patterns, aiming to reduce carrying costs and improve cash flow. • Ensure all procurement activities comply with industry regulations, including cannabis-specific requirements. • Lead all RFP’s and cost/contract negotiations for cannabis biomass, oils, extracts, as well as contract manufacturing services for gummy co-packing, preroll manufacturing, and/or vape formulations and filling. • Analyze market trends and pricing to make informed purchasing decisions that balance cost and quality. • Drive 10% year over year savings on all categories managed and track and report on cost savings and efficiencies. • Build and maintain strong relationships with suppliers and manufacturers. • Collaborate with cross-functional teams to align procurement activities with manufacturing needs and product development timelines and goals. • Prepare and present regular reports on procurement metrics, supplier performance, and inventory status. • Work closely with project teams to align procurement activities with project milestones and ensure that procurement activities support project timelines and goals.

🎯 Requirements

• 5-7 years as a Procurement Manager or similar role, preferably in the cannabis industry or a regulated sector. • College degree required, ideally focus on Supply Chain Management, Business Administration, Finance, or a related field. • Relevant certifications (e.g., CPP, CPSM) are a plus. • Strong knowledge of procurement principles, supply chain management, and vendor negotiation. • Familiarity with cannabis industry regulations and compliance requirements. • Proficiency in SAP and Microsoft Office Suite. • Ability to work in a fast-paced environment across multiple workstreams. • Strong business acumen, analytical and problem-solving capabilities. • Exceptional organizational skills and attention to detail is required. • Highly effective written and oral communication skills with ability to present complex information to varied audiences. • Knowledge of sourcing fundamentals and ability to lead RFP’s with tight deadlines.

🏖️ Benefits

• Accommodations available for candidates with disabilities upon request in all phases of the selection process. • Commitment to fostering a diverse and inclusive work environment.