Summary
Location
Buffalo
Salary
$69k - $93k
Type
full-time
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About this role
Rich’s, also known as Rich Products Corporation, is a family-owned food company dedicated to inspiring possibilities. From cakes and icings to pizza, appetizers and specialty toppings, our products are used in homes, restaurants and bakeries around the world. Beyond great food, our customers also gain insights to help them stay competitive, no matter their size. Our portfolio includes creative solutions geared at helping food industry professionals compete in foodservice, retail, in-store bakery, deli, and prepared foods, among others. Working in 100 locations globally, with annual sales exceeding $4 billion, Rich’s is a global leader with a focus on everything that family makes possible. Rich’s®—Infinite Possibilities. One Family.
Purpose Statement
The Category Buyer manages assigned business categories to ensure delivery, quality, cost, and safety requirements are met while upholding company values across the supply base. This role is responsible for executing sourcing strategies, negotiating and maintaining supplier agreements, and driving cost savings and value improvements.
The Category Buyer owns relationships with regional and global suppliers, fosters continuous improvement, and proactively assesses and mitigates supply chain risk. Collaboration with cross-functional teams is essential to align category strategies with business objectives and support innovation.
Experience in the food industry and familiarity with food ingredients is strongly preferred.
Key Accountabilities and Outcomes
Strategic Sourcing & Savings
• Develop and maintain a long-term sourcing roadmap that identifies key sourcing opportunities. Execute sourcing events by developing and launching RFI/RFPs, developing a negotiation strategy, negotiating with potential suppliers and executing contracts.
• Optimize total cost of ownership by identifying cost savings and joint process improvements that help drive efficiencies throughout the entire supply chain.
• Lead the identification and implementation of cost savings initiatives by working with internal business partners to understand the key business requirements, identifying capital requirements, developing business cases and being the Procurement lead for the implementation of the project.
• For larger sourcing initiatives, utilize the 7-step sourcing process to lead a cross functional team to identify service and quality requirements, identify prospective vendors through the RFI process and develop business recommendations to optimize supply network and drive savings.
Supplier Relationship Management
• Negotiates and maintains supplier agreements that provide the maximum total cost of ownership benefit through price, product quality protection, limitation of financial and supply risk, and optimization of supply chain requirements (i.e. lead times, order quantities, etc.)
• Develop key supplier metrics that help drive consistent service levels from suppliers as well as timely action plans to address and resolve supply issues. Provide daily management of suppliers including Supply Chain support for: forecasting, pricing, invoicing and inventory levels. Conduct periodic supplier reviews and visits.
• Develop and execute a strategy for assigned categories that aligns with short and long-term business goals and leverages Supplier Relationship Management best practices.
Financial Risk Management
• Analyze and interpret market information for translation into the monthly forecasts, including future biases and identification of financial risks and opportunities.
• Responsible for key financial analysis that supports the completion of critical reports including the monthly financial projection. Develop and present market reports to key stakeholders including executive leaders, business leads and customers.
• Leverage financial risk management tools to develop a short and long-term risk management strategy for key commodities that drive category prices. Align risk management strategies with business unit strategies and risk profiles through proactive communication with business stakeholders.
• Demonstrate a strong intellectual curiosity by identifying and evaluating new financial risk management tools that provide predictable pricing and maintain strong correlations to underlying markets.
• Analyze and conceptualize complex financial problems to evaluate supplier proposals, interpret market conditions, and leverage technology to develop viable business solutions that drive efficiency and productivity within the department.
Business Support
• Support global partners by providing market expertise for shared markets, leveraging global suppliers to drive efficiencies and innovation, and collaborating on best practices.
Leadership
• Provide leadership to other team members to mentor on and develop business best practices for processes such as Supplier Relationship Management, financial and supplier risk mitigation, and negotiations.
• Be an advocate for Procurement's key business commitments including acting with a sense urgency, effectively communicating with key stakeholders, understanding the voice of customer and demonstrating leadership as the subject matter expert.
Knowledge, Skills, and Experience
Education and Experience
- Bachelor’s degree in Supply Chain, Business, Finance, or related field with a minimum 4-5 years job related experience; or a Master’s degree in related field with minimum 3 years job related experience
- Proven ability to lead complex negotiations and deliver measurable cost savings.
- Skilled in supplier management, sourcing strategy execution, and risk mitigation. Experience analyzing market trends and supplier proposals to inform strategic decisions and mitigate risk.
- Strong background in leveraging ERP or data systems (e.g., SAP, Ariba) and analytical tools to drive data-driven decisions.
- Familiarity with sustainability initiatives and compliance requirements within the food supply chain is a plus.
- Strong computer skills, including Excel, Word, Teams, and ERP systems (SAP, Ariba).
- Familiarity with AI tools and ability to leverage technology for data-driven decisions.
Travel
- Occasional Travel (up to 15%)
Competency
- Strategic Sourcing & Negotiation: Ability to execute structured sourcing and negotiation strategies.
- Supplier Management: Skilled in building relationships and driving supplier performance.
- Financial Acumen: Understand cost drivers, market dynamics, and risk mitigation strategies.
- Technology Proficiency: Comfortable using digital platforms and analytical tools.
- Collaboration & Communication: Strong ability to engage stakeholders and influence decisions.
#LI-HM1 #CORP123
#LI-HM1 #CORP123
COMPENSATION
In accordance with state law, the rate or range provided is Rich Products Corporation, its subsidiaries and affiliates ("Rich's"), reasonable estimate of the base compensation for this role. The actual amount may be higher or lower, based on non-discriminatory factors such as experience, knowledge, skills, abilities, shift differential, and location.
Annual Range/Hourly Rate
$69,209.17 - $93,635.94
Rich Products Corporation, its subsidiaries and affiliates (“Rich’s”), are committed to a policy of Equal Employment Opportunity, standing up for fairness and maintaining a culture of belonging, to provide an exceptional experience for all. We will not discriminate against an applicant or employee on the basis of race, color, religion, sex, national origin, disability, military or veteran status, or any other Federal or State legally protected classes. The information collected by this application is solely to determine suitability for employment, verify identity, and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Rich’s. Please contact Rich’s Associate Experience Network at [email protected] if you need assistance completing this application or to otherwise participate in the application process.
Other facts
About Rich Products Corporation
Rich’s is a family-owned food company dedicated to inspiring possibilities. From cakes and icings to pizza, appetizers and specialty toppings, our products are used in homes, restaurants and bakeries around the world. Beyond great food, our customers also gain insights to help them stay competitive, no matter their size. Our portfolio includes creative solutions geared at helping food industry professionals compete in foodservice, retail, in-store bakery, deli, and prepared foods, among others. Working in 100 locations globally, with annual sales exceeding $3.8 billion, Rich’s is a global leader with a focus on everything that family makes possible. Rich’s®—Infinite Possibilities. One Family.
Learn more at Richs.com or join the conversation on Facebook, Instagram and Twitter.
What you'll do
- The Category Buyer manages assigned business categories to ensure delivery, quality, cost, and safety requirements are met while executing sourcing strategies and negotiating supplier agreements. This role also involves fostering supplier relationships and driving cost savings and value improvements.
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