Job Description
Under the supervision of the Director, Cocoa Sourcing & Risk Management, this individual will be responsible for maintaining the overall Cocoa category strategy and executing key components. This role involves financial delivery related to our physical cocoa book, supply continuity, and the operational performance of our supply base and associated metrics.
Main Responsibilities:
1. Category Sourcing Strategy Development and Maintenance
* Source physical cocoa requirements across Hershey that meet current and future business needs in terms of sustainability, reliability, and affordability.
* Manage the assessment, selection, and development of suppliers to meet requirements and performance KPIs.
* Ensure appropriate agreements and contracts are in place to provide necessary safeguards, and manage against these contracts.
* Research developing technologies, supply chain capacity/capabilities, and supply/demand challenges.
* Understand key sustainability requirements relating to the category and work in close collaboration with the Sustainable Sourcing team to deliver these while enhancing transparency in the supply chain and ensuring proper due diligence on key risks and mitigation activities.
2. Financial Delivery
* Develop risk management strategies through the use of forward contracts and supplier monitoring, aligned with the company's business plans.
* Monitor and report on conditions/trends in the physical cocoa market to relevant colleagues, leadership as needed, as well as relevant market information to other functional areas such as QRC, R&D, Plant Ops, and Manufacturing Alliances.
3. Supply Continuity and Continuous Improvement
* Set out a long-term roadmap to ensure sourcing flexibility, substitution opportunities, and feedstock flexibility.
* Ensure appropriate Business Continuity Plans are in place.
* Establish a strong network and lead the collaboration with Supply Chain, R&D, and other appropriate departments to achieve continuous improvement (cost savings, quality improvements, alternate supplier qualifications, supplier diversity), working capital improvement, identify, and lead innovation sourcing.
4. Operational Excellence
* Lead supplier relationships, drive supplier performance, monitor financial viability, and work with relevant procurement colleagues to minimize supply disruptions to our plants, perform root cause analysis, and develop/monitor supplier improvement plans.