Full-Time

Head of Procurement

Confirmed live in the last 24 hours

Openlane

Openlane

51-200 employees

Online marketplace for wholesale vehicle transactions

No salary listed

Expert

Carmel, IN, USA

Hybrid employee in our Carmel, Indiana office.

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Supply Chain Management
Requirements
  • 10+ years of experience in procurement or supply chain management.
  • Bachelor's degree in Business, Supply Chain Management, or a related field (Master’s preferred).
  • Strong strategic thinking and problem-solving abilities.
  • Proven track record of driving cost reduction initiatives and improving procurement efficiency.
  • Excellent leadership skills with experience managing and developing high-performing teams.
  • Strong analytical and financial acumen.
  • Excellent communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels.
Responsibilities
  • Develop and implement long-term category strategies that align with the company's business objectives.
  • Conduct market analysis, identify potential suppliers, and lead strategic sourcing initiatives.
  • Negotiate contracts with suppliers, ensuring favorable terms for pricing, delivery, and service levels.
  • Streamline the procure-to-pay (P2P) process to increase efficiency, reduce cycle times, and improve compliance.
  • Manage supplier relationships, monitor performance, and ensure contract compliance.
  • Provide regular updates to key stakeholders on the performance of the procurement function.
  • Mentor and develop a team of procurement professionals.
Desired Qualifications
  • Certifications such as Certified Professional in Supply Management (CPSM) or similar credentials, and Lean Six Sigma Green Belt.
  • Knowledge of sustainability and green procurement practices.
  • Experience in ERP tools deployment.

Openlane operates an online marketplace specifically designed for car dealers in the wholesale automotive market. The platform allows dealers to buy and sell vehicles in bulk, providing access to a wide inventory that includes dealer trades, commercial vehicles, and off-lease exclusives. Openlane simplifies the buying process by offering detailed vehicle reports, which help dealers understand the specifics of each vehicle, reducing uncertainty and risk in their purchases. Unlike many competitors, Openlane focuses on transparency and ease of use, ensuring that dealers can make informed decisions. The company generates revenue through transaction fees for listings and sales, as well as additional services like vehicle inspections. The main goal of Openlane is to enhance the efficiency and profitability of car dealers by providing them with a comprehensive and user-friendly platform.

Company Size

51-200

Company Stage

IPO

Headquarters

Redwood City, California

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven analytics improve decision-making for dealers using Openlane's platform.
  • Migration to AWS cloud-native services enhances scalability and operational efficiency.
  • Strategic investments indicate growing confidence in Openlane's market potential.

What critics are saying

  • Emerging online marketplaces could erode Openlane's market share with innovative features.
  • Competitors' AI-driven inspection technologies may outpace Openlane's current offerings.
  • Economic downturns could reduce vehicle inventory and transaction volumes on Openlane's platform.

What makes Openlane unique

  • Openlane offers a comprehensive online marketplace for wholesale automotive transactions.
  • Code Boost IQ enhances vehicle condition reporting with AI-driven analytics.
  • Automated Absolute Sale tool optimizes pricing strategies and transaction speed for sellers.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Mental Health Support

Tuition Reimbursement

Professional Development Budget

Company News

Auto Remarketing
Jan 8th, 2025
OPENLANE sells High Tech Locksmiths to Dent Wizard

OPENLANE has sold its High Tech Locksmiths business unit to Dent Wizard, a reconditioning services provider.

MarketBeat
Nov 27th, 2024
Clifford Capital Partners LLC Invests $10.31 Million in OPENLANE, Inc. (NYSE:KAR)

Clifford Capital Partners LLC invests $10.31 million in OPENLANE, Inc. (NYSE:KAR).

MarketBeat
Nov 26th, 2024
Intech Investment Management LLC Invests $1.44 Million in OPENLANE, Inc. (NYSE:KAR)

Intech Investment Management LLC invests $1.44 million in OPENLANE, Inc. (NYSE:KAR).

Sierra-Cedar
Oct 21st, 2024
OPENLANE Migrating VMware VMC Instances to AWS Cloud-Native Services

After evaluating multiple AWS migration service providers, OPENLANE selected Sierra-Cedar, an AWS Advanced Consulting Partner, due to its expertise in PeopleSoft applications, flexible engagement model, and experience with IaC tools.

PR Newswire
Aug 19th, 2024
Openlane Transforms Condition Reports With Actionable Obd2 Intelligence

New Code Boost IQ Exploits Data Moat to Empower US Dealers with Smarter, Faster Purchase DecisionsCARMEL, Ind., Aug. 15, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the launch of Code Boost IQ, a first-of-its-kind vehicle inspection enhancement that enables faster, better informed decision-making for dealers. Industry-standard "On-Board Diagnostics II" (OBD2) scans detect thousands of alphanumeric diagnostic codes that indicate potential mechanical or electrical issues. Code Boost IQ leverages artificial intelligence, the company's analytics engine and millions of internal data points to translate flagged OBD2 codes into simple, easy-to-understand visual alert banners. Available on every dealer-consigned vehicle in OPENLANE's US marketplace, Code Boost IQ helps dealers quickly discern which codes are cause for concern and adjust their pricing or purchasing approach accordingly."OPENLANE is committed to making wholesale easy with every customer, and Code Boost IQ is just another OPENLANE innovation that's making our marketplace the smartest, most transparent and most efficient platform for dealers to transact," said James Coyle, EVP and president, North American marketplaces at OPENLANE