Director of Cost Optimization
$75,000 - $80,000/Yearly+High Bonus PotentialBonus is Tied to Cost SavingWorkplace Type: Onsite
Who We Are
With over fifty years of experience in the transformer services industry, Emerald Transformer is the premier solution for electrical equipment. Emerald provides a wide range of transformer services including remanufactured transformer stock, repairs, decommission, field technical services, parts, PCB disposal and recycling. Our national network of factories and service centers are strategically located to serve our broad and diverse customer base. Emerald is committed to extending the life cycle of our customers’ equipment and protecting their capital investment.
We partner with our customers to exceed their expectations by delivering valuable solutions. Emerald strives to have the lowest repair failure rate in the industry. We ensure the proper handling of any type of hazardous material in compliance with all federal and state environmental regulations.
Why work at Emerald?
When Emerald Transformer hires someone, we aren’t just bringing a new employee on board. We take our time to make sure we’re surrounding ourselves with those who share our core values and our devotion to quality, dependability, and environmental consciousness. We wouldn’t be where we are today without our Emerald team, and we’re thankful for each person who’s chosen to be a part of our journey as a company. At Emerald Transformer, our employees are our lifeblood. They are the foundation of our business, so we provide employee benefits they can count on.
- Benefits: Your choice of three different medical insurance programs in addition to, life, vision, and dental insurance, a tuition reimbursement program, and a competitive 401K match incentive and vesting timeline. Our a-la-carte structure allows you to pick the best package for your needs.
- A 2nd Chance: Here at Emerald, we believe in second chances. That is why we accept and consider qualified applicants with criminal histories in a manner consistent with federal and local laws. We are committed to 2nd chance hiring! Only by working together can we create a better future.
- Supplemental Insurance: In addition to our standard plans, we offer tele-medicine, long-term and short-term disability coverage as well as legal services.
- Paid Weekly: All hourly team members are paid weekly!
- Paid Time Off: Emerald Transformer employees receive vacation and sick pay annually.
- Career Pathing: We are growing and promote from within.
We’ve surrounded ourselves with a passionate team, determined to reach that same goal. We’ve been in business for over 50 years, and every day, we’re looking for new and more innovative ways to provide better service to our customers and grow our business. The Director of Cost Optimization is responsible for leading and managing the procurement process, including sourcing, negotiating, and contracting with suppliers to ensure cost-effective and timely delivery of goods and services. The role involves developing and implementing cost-saving strategies across the supply chain, analyzing purchasing patterns, and collaborating with cross-functional teams to optimize expenses without compromising quality. Key Responsibilities
- Lead and manage the procurement process, including sourcing, negotiating, and contracting with suppliers to ensure cost-effective and timely delivery of goods and services.
- Identity damaged or inactive equipment to be disposed of. Follow the appropriate disposal procedures for each category of equipment. This may include recycling, selling, or donating usable parts, and ensuring that hazardous materials are disposed of safely and in compliance with regulations.
- Source and purchase materials, goods, and services based on company requirements.
- Maintain accurate records of purchase orders, contracts, and supplier communications.
- Develop and implement cost-saving strategies across the supply chain and procurement processes to optimize expenses without compromising quality or operational efficiency.
- Analyze purchasing patterns and identify areas for potential cost reductions.
- Collaborate with cross-functional teams (finance, operations, etc.) to implement cost-saving initiatives.
- Evaluate current suppliers and identify opportunities to consolidate orders, negotiate better terms, or switch suppliers for cost efficiency.
- Build and maintain strong, collaborative relationships with key suppliers to secure favorable terms, improve delivery performance, and drive continuous improvements.
- Continuously assess supplier capabilities and assess whether new suppliers should be introduced.
- Regularly research new suppliers, products, and industry innovations to ensure the company remains competitive.
- Analyze market trends, supplier performance, and industry benchmarks to identify opportunities for cost reduction and procurement process improvements.
- Negotiate and manage contracts with suppliers to secure competitive pricing, favorable terms, and service levels aligned with company objectives.
- Work closely with internal departments (e.g., finance, operations, logistics) to ensure procurement strategies align with organizational goals and cost targets.
- Monitor and report on procurement metrics and cost reduction progress, providing regular updates to senior management on savings achieved, supplier performance, and procurement KPIs.
- Prepare regular reports on procurement activities, cost-saving initiatives, and overall purchasing performance.
- Identify areas for process improvement in the procurement cycle, utilizing tools such as supplier performance reviews and lean practices to drive efficiency gains.
- Collaborate with the inventory management team to align procurement efforts with inventory needs, minimizing overstock and stockouts.
- Demonstrate proficiency in managing Profit & Loss (P&L) statements to ensure procurement activities contribute positively to the company's financial performance.
- Bachelor’s degree in Supply Chain Management, Business Administration, or a related field required.
- 6+ years of proven experience in procurement, supply chain management, and/or cost optimization within a manufacturing company required.
- Ability to travel up to 50%.
- Must be able to identify and resolve problems in a timely manner and gather/analyze information appropriately
- Strong negotiation skills with a track record of securing favorable terms and driving cost reductions.
- Excellent analytical abilities, with experience in market analysis, supplier evaluation, and cost-benefit analysis.
- Strong understanding of procurement processes, contract management, and supplier relationship management.
- Proficient in procurement software and Microsoft Office Suite (Excel, Word, etc.).
- Excellent communication and interpersonal skills to work effectively with suppliers and internal stakeholders.
- Strong project management skills with the ability to manage multiple initiatives simultaneously.
- Must be able to adapt to changes in the work environment and to manage competing tasks.
In addition to meeting the qualifications above, the ideal candidate will embody the following characteristics and possess the knowledge, skills and abilities listed below:
- Interpersonal Skills – must maintain confidentiality, remain open to other’s ideas and exhibit a willingness to try new things.
- Oral and Written Communication – must speak clearly and effectively in positive or negative situations; must demonstrate group presentation skills; must be able to effectively write and edit written communications (i.e. – letters, email, signs); must be able to read and appropriately interpret written information; must be able to present numeric data effectively.
- Planning/Organizing – must be able to prioritize and plan work activities, use time efficiently and develop realistic action plans.
- Problem Solving – must be able to identify and resolve problems in a timely manner and gather/analyze information appropriately.
- Dependability – must be consistently at work and on time, follow instructions, respond to management instructions and solicit feedback to improve performance.
- Adaptability – must be able to adapt to change in the work environment and to manage competing tasks.
- Quality – must demonstrate accuracy and thoroughness; must monitor own work to ensure quality requirements are met.
Emerald Transformer is an equal opportunity employer providing equal employment opportunities to applicants and employees without regard to race, color, creed, sex, gender, sexual orientation, gender identity or expression, religion, age, national origin, ancestry, physical or mental disability (including pregnancy), uniform service, veteran status, marital status, medical condition including genetic characteristics, or any other category protected by federal, state, or local law.
