Procurement Manager

Procurement Manager Hot Job Fully Remote • Legal Address - New York, NY 10013 Apply Overview Salary Range $90,000.00 - $110,000.00 Salary/year Position Type Full Time Apply Description Momofuku Goods Momofuku Goods aims to redefine the American pantry by giving home cooks restaurant-grade essentials that make cooking more fun, enjoyable, and delicious. Founded in 2020 by David Chang and the Momofuku team, Momofuku Goods carries forward the same principles that shaped our restaurants—challenging conventions and making the unfamiliar familiar. We believe in the power of food to bring people together and create more confidence, joy, and connection in the kitchen. The Momofuku Goods Procurement Manager is a key member of the Operations team, responsible for end-to-end purchasing strategy and execution across ingredients, packaging, and contract manufacturers. This role will oversee all tactical procurement activities while building toward a scalable, strategic sourcing function that supports long-term growth. The Procurement Manager will manage supplier performance, optimize material availability and cost. This role will work cross-functionally with Operations (Planning, Commercialization, Logistics), Demand Planning, Finance, R&D, and external suppliers to ensure right product, right place, right time - at the right cost. The successful person in this role will be highly proactive, detail-oriented, financially savvy, and excited to lead both day-to-day operations and continuous improvement initiatives. Salary Description: $90,000 - $110,000 annually + bonus + company stock options What's in it for you? Momofuku offers competitive pay and a comprehensive benefits package, including vision/dental/medical and gym and commuter discounts, plus more after required wait periods. We encourage our employees to grow and learn, and offer many opportunities for personal and career development. Responsibilities: SOURCING & SUPPLIER MANAGEMENT Owns all strategic and tactical sourcing of ingredients, packaging, and other direct materials to support finished goods production Manages contract manufacturers (co-mans) and external suppliers end-to-end, including capacity planning, performance reviews, and material availability Develops and executes sourcing strategies that balance cost, quality, lead time, and supplier risk while reducing single-source dependence Leads negotiations with suppliers and co-mans across pricing, terms, lead times, and minimum order quantities Builds strong supplier and co-man relationships, conducts regular business reviews, and drives performance KPIs (OTIF, Quality, etc.) Qualifies, onboards, and approves alternate and secondary suppliers and co-mans in partnership with R&D and Quality COST SAVINGS & FORECASTING Identifies, quantifies, and executes cost savings opportunities across the ingredient, packaging, and co-man base Drives total-cost-of-ownership and value-engineering analysis in partnership with R&D, Quality, and Operations Forecasts material and co-man costs and anticipates price movements, providing visibility to pricing changes, risks, and opportunities Partners with Finance on COGS planning, budgeting, and variance analysis, and maintains pricing and cost models that inform commercial and margin decisions Tracks and reports realized savings against annual targets and protects margin through disciplined negotiation SUPPLY RISK MITIGATION Identifies, assesses, and mitigates supply risk, including single-source exposure, capacity constraints, and commodity volatility Develops contingency and backup-supplier plans and maintains appropriate safety-stock coverage to protect production continuity Monitors commodity markets, lead-time shifts, and supplier and co-man financial health, escalating risks proactively PLANNING, EXECUTION & SYSTEMS Releases purchase orders and ensures supplier and co-man confirmations and fulfillment on a proactive timeline Monitors inbound materials vs. production requirements and adjusts orders and commitments to prevent shortages or excess Maintains optimal safety stock by category and works with co-mans and 3PLs to ensure material availability and reduce obsolete inventory Partners with Supply and Demand Planning to align material buys to forecast, seasonality, and promotional cadence Builds and maintains clean, timely records of all procurement transactions in NetSuite and leads reporting on procurement KPIs, supplier OTIF, material availability, and cost tracking Champions continuous improvement of procurement systems, tools, and reporting dashboards Qualifications Required Qualifications: 5+ years of experience in Procurement and Strategic Sourcing in a CPG environment Proven ability to manage supplier relationships, negotiate effectively, and drive accountability Strong organizational skills and ability to manage competing priorities Hands-on experience with ERP systems (NetSuite preferred), Microsoft Excel, and procurement reporting tools Strong analytical and problem-solving skills Comfortable operating in a fast-paced, growth-stage company with limited resources Ability to travel approximately 15% Preferred Qualifications: Experience working in both startup and scaled CPG environments Experience in building or refining procurement policies and sourcing strategies Familiarity with sustainability or ethical sourcing programs Experience with KPI dashboard creation and supplier scorecards Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this job. While performing the duties of this job, the employee is regularly required to sit for extended periods of time. The employee is frequently required to use hands and fingers to use the computer keyboard, writing and the answering phone. The duties of this position may change from time to time. Momofuku reserves the right to add or delete duties and responsibilities at the discretion of Momofuku or its managers. This job description is intended to describe the general level of work being performed. It is not intended to be all-inclusive. Momofuku is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, creed, religion, gender (including gender identity or expression), pregnancy, childbirth or related medical conditions, sexual orientation, marital status, domestic violence, sexual violence or stalking victim status, ancestry, national origin, alienage or citizenship, age, disability, military or veteran status, genetic information or predisposing genetic characteristic, or other protected status.