Peloton
Peloton is the leading interactive fitness platform globally, with a passionate community of over 6.9 million Members.
New York , NY
Hybrid

Director, Sourcing

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ABOUT Peloton 

Peloton is the largest interactive fitness platform in the world with a loyal community of more than 3 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves. An innovator at the nexus of fitness, technology, and media, Peloton has reinvented the fitness industry by developing a first-of-its-kind subscription platform that seamlessly combines the best equipment, proprietary networked software, and world-class streaming digital fitness and wellness content, creating a product that its Members love. The brand’s immersive content is accessible through the Peloton Bike, Peloton Tread, Peloton Bike+, Peloton Tread+, and Peloton App, which allows access to a full slate of fitness classes across disciplines, on any iOS or Android device, Apple TV, Fire TV, Roku TVs, and Chromecast and Android TV. Founded in 2012 and headquartered in New York City, Peloton has a growing number of retail showrooms across the US, UK, Canada and Germany. For more information, visit www.onepeloton.com.





THE ROLE

The Director of Sourcing will assist the company to research future architectures and technologies for its breakthrough end to end fitness systems. Responsible for developing new supplier and new sourcing partnerships that can be incorporated into new products, as well as existing products to improve cost, efficiency or quality.  Work with the broader internal cross functional teams to evaluate the opportunities, while ensuring commercial agreements, intellectual property, and project agreements are accurate and well established prior to pipelining. As Director of Advanced Sourcing, she/he will primarily work with a team of manufacturing, operations, engineering, and quality as well as technical leads where necessary in order to resolve critical issues.

RESPONSIBILITIES

  • Develop new suppliers for potential incorporation into new and existing products
  • Develop commercial agreements to properly reflect the expectations of project including fixed and variable costs, lead-times, schedules, manufacturing capacities, as well as test, quality, and ongoing reliability needs.
  • Design and create infrastructure, virtual and experimental to prove and ensure efficiency and performance of the supply alternatives.
  • Oversee the Advanced Sourcing efforts and analyze workflow, establish priorities, develop standards and set deadlines.
  • Deliver a seamless transition of viable new technologies into the product development process managing risks while meeting quality, schedule, and cost goals.
  • Manage and lead the operations effort of developing new and adaptations of existing technologies for Peloton.
  • Design and implement components using FEA/CFM or other advanced simulations tools to accelerate experimentation
  • Utilize virtualization technologies, cloud computing, fabric and storage technologies and application management.
  • Meet with other Directors to collaborate internally, negotiate the right tradeoffs, solicit cooperation and resolve problems, and advance new supplier or product offerings.
  • Provide leadership for the Residential/Commercial/Industrial businesses, Direct all budget and capital activities advanced supplier development.
  • Provide strong technical direction by evaluating and guiding Product Strategy through operational design and development.
  • Ensure the best direction for the team to deliver world-class innovation from initial concept to launch with best practices and advanced development techniques.
  • Conduct regular technology reviews to Executive staff and management.
  • Conduct analysis to ensure product safety, quality, reliability and agency compliance standards are maintained.

QUALIFICATIONS

  • Proven Leadership – Strong supply management experience ready to take it to the next level in your career.
  • Solid Collaboration skills working with multiple disciplines internal and external
  • Strategic thinker – Experienced putting together strategy for future developments; skill assessment and resource planning; knows how to prepare presentations to business leaders for approval
  • Bachelor’s degree in engineering (BSME, BSEE) or other related technical degree. Advanced technical degree strongly preferred.
  • 10+ years engineering and operations experience
  • Entrepreneurial with vision for future products
  • Experience related to the following areas:
    • Motor and Controls
    • Extrusion, Die Casting, Plastics, Sheet Metal Operations
    • Design for Manufacturing
    • Use of TAM simulations in designs
    • Supplier interactions and visits
  • Attention to detail and possession of excellent problem solving and organizational skills.


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What are Peloton Perks + Benefits

Peloton Benefits Overview

At Peloton, we do not subscribe to a one-size-fits-all approach - our workforce is diverse, so our benefits must be, too. Our goal is to enable our team members to be their best, most authentic selves while providing inclusive benefits to them and their families in the moments that matter most. Peloton is proud to offer comprehensive health care, mental health benefits, childcare solutions, generous paternal leave, equity packages, and more to all full time team members. In the United States, we are proud to have recently extended our medicinal benefits offering to portions of our part-time populations at certain threshold of hours. All team members are eligible for a referral bonus plan, pre-paid legal assistance, product & appear discounts, and complimentary access to the Peloton digital app.

Culture
Volunteer in local community
Peloton offers paid Volunteer Time Off to enable and empower our team members to volunteer for causes that positively impact their communities.
Partners with nonprofits
Peloton has donated funds to organizations across a variety of causes, inclusive of Hunger Relief Efforts, Civil Rights Groups, and more.
Open door policy
OKR operational model
Team based strategic planning
Pair programming
Open office floor plan
Remote work program
Peloton's remote work program allows Team Members to work from home on occasion, as needed for them.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Diversity manifesto
Diversity employee resource groups
Peloton Employee Resources Groups are employee-led groups that foster a diverse and inclusive workplace aligned with Peloton's organizational mission, values, goals, business practices, & overall D&1
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Peloton employees can contribute up to $2750 annually to their FSA.
Disability insurance
Disability insurance covers 60% of annual salary up to $10000 monthly maximum payout.
Dental insurance
Peloton's dental plan covers up to $3000 of expenses.
Vision insurance
Health insurance
Peloton covers up to 90% of premiums for high deductible health plans.
Life insurance
Peloton's Life Insurance is equal to 2 times an employee's annual salary with a minimum coverage of $100,000.
Pet insurance
Pet insurance is a voluntary employee-paid benefit.
Wellness programs
Team workouts
Peloton team members have free access to the Peloton digital product and can take workouts anytime!
Mental health benefits
Peloton partners with Lyra to provide mental health benefits to all employees, with 25 free sessions per year.
Financial & Retirement
401(K)
In addition to benefits that provide security for you today, you can make saving for the future easy with a 401(k) plan that allows you to save a portion of your salary towards retirement.
401(K) matching
Peloton provides employees with a 401(K) matching plan managed by ADP. We match 100% of contributions up to 4% of an employee's annual gross pay.
Company equity
Employee stock purchase plan
Our Employee Stock Purchase Plan (ESPP) is an optional program that allows eligible team members to use payroll deductions to purchase Peloton stock twice a year at a discount.
Child Care & Parental Leave Benefits
Childcare benefits
Peloton partners with Bright Horizons and Urban Sitters for Backup child care assistance. Subsidized child care & family care.
Generous parental leave
Parental Leave is a Company-Paid benefit which will pay your salary following the birth, adoption, or placement of a child. Up to 18 weeks total.
Family medical leave
Peloton provides eligible team members with up to 12 weeks of unpaid, job-protected leave per year.
Adoption Assistance
Peloton reimburses for eligible adoption expenses and 18 week of paid leave.
Vacation & Time Off Benefits
Generous PTO
Hourly team members receive between 10 to 20 days per year of paid time off based on years of service.
Paid volunteer time
Peloton employees receive 16 hours per year of paid volunteer time.
Paid holidays
Paid sick days
Team Members receive 48 hours of sick time up front.
Office Perks
Commuter benefits
Peloton offers pre-tax commuter benefits for all employees for both Transit and Parking.
Company-sponsored outings
Free snacks and drinks
Some meals provided
Company-sponsored happy hours
Peloton hosts happy hours in our NYC Penthouse on occasion.
Recreational clubs
Relocation assistance
Peloton offers a comprehensive relocation policy for employees relocating.
Fitness stipend
Peloton is proud to offer all full-time team members an annual reimbursement of $500 for Wellness related events registration/sponsor fees.
Home-office stipend for remote employees
During these unprecedented times, Peloton offers remote employees the ability to reimburse purchases for their at-home office, not exceeding $500.
Onsite gym
Professional Development Benefits
Tuition reimbursement
Peloton has partnered with Gradifi to help pay down your student debt and pay for your children's future education.
Promote from within
Continuing education stipend
Peloton provides $5250 annually of financial assistance for certain education related expenses to foster & encourage the professional development of our team members.

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