Coty · 5 hours ago
New Product Development & Operations Buyer - Philosophy
New York, United States
Full-time
Hybrid
Mid Level
$90K/yr - $105K/yr
4+ years expCoty is one of the world’s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, skincare, and body care. The IPM Buyer role focuses on new product development and procurement support, collaborating with cross-functional teams to implement sourcing strategies and ensure brand needs are met.
BeautyConsumer GoodsCosmeticsHealth CarePersonal Care and HygieneRetail
Responsibilities
As our IPM Buyer, you are responsible for new product development & base business procurement support
The IPM buyer manages end to end sourcing on new products through close collaboration with cross-functional partners on their dedicated brand
IPM helps to support brand base business by implementing sourcing strategies and MVA opportunities
The IPM buyer is the face of Procurement for internal stakeholders and has full understanding of brand needs, sourcing strategy and industry knowledge
Work closely with cross functional team (technical departments, Initiative Management and Marketing) to understand the key upcoming launches and business needs
Provide sourcing solutions that comply to our sustainability roadmap, sourcing strategy, brand vision and meet financial targets
Work on projects in pipeline with end-to-end scope from initiation to execution, having a critical eye on cost positioning, specifications, volume and timing
Proactively propose opportunities to increase profit & deliver bottom line savings
Keep track of “cost out” opportunities to be implemented in Y2/Y3
Ensure continuous connection with Procurement Categories to share Brand vision on Business needs
Communication liaison between external partners and internal cross-functional brand partners
Align on sourcing panels, manage tenders, analyse bids, propose supplier selection with appropriate justification & ensure award process is fully met
Confirm right MOQ and cost per project and keep track of adherence during the fiscal year
Identify Sustainability, Cost out/Value in and Cash in productivity projects opportunities
Report and track Productivity projects in appropriate systems, forums and costing/budgeting exercises
Manage procurement related claims/issues for your brand as main point of contact; escalate to IPM leadership and/or category management as appropriate
Support Business Continuity Plan for all high-risk materials
Track and report CAPEX budget / Spend related to Productivity, Maintenance and Innovation projects on a brand level
Track and report savings results on a brand level
Implement actions to minimize material inventory and obsolescence (notably through OQ set-up)
Proactively engage stakeholders to provide high quality procurement support for the business
Have an expert understanding of the business needs, the Supply Chain specific requirements & how to fulfil them
Influence decision making using product expertise, experience and supply base knowledge & leverage
Highlight risks with mitigation plans as well as opportunities with potential gains
Secure sharing of information and support for the local organisations and business units
Promote good inter-departmental relations & contribute to a professional, efficient department reputation
Qualification
Required
4+ years of beauty industry experience in procurement function
Undergraduate degree required
Ability to manage product COGs, budget and spend
Ability to identify, understand and explain cost drivers
Ability to provide cost driven solutions to hit project financial targets
Manage negotiation with external suppliers
Identify risks in supply chain when making sourcing decisions
Anticipate potential delays or roadblocks to implement mitigation plans
Maintain critical eye on project timing
Propose and define scope of project (saving/sustainability/value)
Ensure alignment among cross-functional partners with clear communication
Monitor progress, ensure delivery and execution
Solution Oriented mindset to troubleshoot during product development & execution
Benefits
Comprehensive health, dental, and vision coverage
Generous paid time off and holidays
Summer Fridays
Hybrid working schedule
Company
Coty
Coty is a beauty company specializing in cosmetics, skincare, fragrance, and hair color.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$3.48BKey Investors
Kohlberg Kravis Roberts
2025-10-06Post Ipo Debt· $900M
2024-05-22Post Ipo Debt· $541.23M
2023-09-28Post Ipo Equity
Leadership Team
Eniola Akindes
Vice President, Global Indirect Procurement, Marketing & Retail
Fatima Zahri
Chief Procurement Officer
Recent News
WSJ.com: US Business
2025-12-24
2025-12-24
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