CapEx Sourcing Manager

The CapEx Sourcing Manager is responsible for developing, communicating and executing the CapEx sourcing strategy to optimize the total Cost of Ownership. You will be responsible for leading a cross functional team in managing the total CapEx investment cost with our partners for both off-the-shelf and customized manufacturing and testing equipment to enable our future products and technologies. In this role, you will lead the cross-functional effort to identify, engage and enable the best partners. You will be responsible for developing the strategic relationship with our partners, including negotiating commercial agreements, negotiating cost, optimizing the collaboration between the teams and developing long term strategy to grow a robust partnership. You will work closely with Strategic Sourcing, Product operations, Hardware engineering, Tooling Engineering, Manufacturing Design Engineering, DFx, Test Engineering and other cross-functional teams to create a collaborative and innovative partnership.

CapEx Sourcing Manager Responsibilities:

• Develop, communicate and execute Reality Labs global equipment sourcing and management strategy
• Identify and engage the CAPEX equipment partners to enable cutting-edge technologies and products with best-in-class quality, delivery and cost
• Develop partner selection strategy with cross-functional stakeholders, including RFQ/RFP, sourcing strategy and final supplier selection
• Negotiate commercial agreements to meet technical, operational and commercial requirements, including after-sales services
• Negotiate NRE and unit cost to ensure best in class cost for our products. Actively look for cost optimization opportunities and lead cross-functional effort to achieve it
• Actively drive analysis of historical spend data and suggest savings opportunities maximizing financial impact for future products and provide expertise for developing budgets
• Develop relationships with key stakeholders to identify opportunities to leverage our partners' capability to grow business
• Enable the cross-functional team to collaborate with their counterparts on the partner side to ensure open, efficient and professional relationships
• Participate in hiring, training, developing, and share best practices in executing CAPEX management strategy and achieving significant cost improvements
• Up to 20% travel may be required (domestic/international)

• Engineering or Technical BS degree
• 7+ years of experience in custom equipment and fixture development & sourcing, in the consumer electronics industry
• Experience in injection molding & tooling cost analysis
• Experience in supplier evaluation/selection, assessing technical specifications, functional features and cost trade-offs
• Experience with custom equipment should cost models, cost negotiation and supply base management
• Experience with pricing and sourcing of key equipment components
• Understanding of factory operations in the consumer electronics industry
• Program management, and cross-functional teamwork experience

• Proven track record of driving a structured, result-oriented negotiation process and outstanding negotiation results
• Experience with sourcing equipment for small form factor devices e.g. Wearable products, is strongly preferred