Sourcing Lead Job Description
Sourcing lead
provides SME advice to BU Procurement teams and business users on tender/RFP and eAuction process, strategies and leveraging on Ariba functionalities and eAuction formats to achieve optimal sourcing project outcome.
Sourcing Lead Duties & Responsibilities
To write an effective sourcing lead job description, begin by listing detailed duties, responsibilities and expectations. We have included sourcing lead job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for implementing, review and support development of vendor risk framework and strong operating rhythms to conduct periodic risk assessments
Support and validate Risk assessment and complete due diligence on all new third-party vendors/engagements prior to commencement of services and perform periodic risk analysis on existing vendor population
Hands on experience on risk assessment methodologies, create risk registers, risk treatment and mitigation activities
Information Security Governance, Privacy and Compliance and Security Assessment experience with a focus on program reviews / establishment
Assess findings and articulate risks in the context of a client's risk management framework and recommend areas of improvements
Interacting with onshore engagements and clients directly or visiting client locations performing Third party security assessments
Collaborate with Functional specialists (BCP, Finance, Info sec, Compliance and risk) , to execute risk-based monitoring protocols for vendors presenting risk exposure
Investigation of suppliers showing signs of financial distress
Identification and escalation of critical issues and risks and ensure resolution
Working with Globalization Program Leaders to identify modality strategy with the materials Value Stream Map (VSM) and cost analysis
Sourcing Lead Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Sourcing Lead
List any licenses or certifications required by the position: CPM, APICS, CPSM, CPIM, PMP, CIPS, C.P.M, MS, ISM, C.P.S.M
Education for Sourcing Lead
Typically a job would require a certain level of education.
Employers hiring for the sourcing lead job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Engineering, Business, MBA, Technical, Business/Administration, Education, Finance, Supply Chain Management, Management, Industrial
Skills for Sourcing Lead
Desired skills for sourcing lead include:
Ariba
Advanced skills in Excel and PowerPoint
Oracle
SAP
Trends
BU requirements and needs
Procurement techniques and principles
Engineering documentation
MAPICS MRP and web-based business systems desired
Manufacturing process control
Desired experience for sourcing lead includes:
Leading global and cross-functional teams to drive flawless execution of supplier transfer projects by following Phase Review Discipline (PRD) process and utilize Electronic New Product Introduction (eNPI) to ensure quality meet schedule and cost target
Working closely with global and regional sourcing leaders to leverage Low Cost Country (LCC) suppliers to drive Material Cost Reduction (MCR)
Take part in WWPP/S1 to drive Life Cycle Cost contents in product roadmap, and meeting hard metrics on Life Cycle Cost spend and Material Cost Reduction (MCR) operating Plan
Leading sourcing execution for assigned commodity(s) or suppliers, including accountability for buy and meeting deflation targets
Partnering with key business stakeholders to ensure sourced material and services meet the technical needs of the business
Lead complex negotiation for acquiring technology products for University IT and campus, with special focus on software licenses
Sourcing Lead Examples
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Sourcing Lead Job Description
Job Description Example
Our company is looking for a sourcing lead. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for sourcing lead
- Manage the Stanford software licensing portal run on a third party vendor platform
- Working with internal clients and Finance to develop, recommend and implement strategy for academic licensing models that result in internal cost recovery of licensing expenses
- Develops and implements robust sourcing and negotiation strategies to ensure that "best value" is achieved
- Provides thought leadership and works with senior management in the planning, development and implementation of short and long range goals
- Develops supplier, product and industry knowledge
- Establishes professional relationships with strategic external parties and collaborates with internal clients and stakeholders to help position external relationships for success
- Drafts decision support documentation and transition support documentation
- Supports leadership team to develop and implement operational plans to achieve team, department and corporate objectives
- Demonstrates judgment, creativity and technical expertise, breadth of vision and initiative, commitment and accomplishment, communication skills, and leadership in a manner expected of role models and leaders of the Strategy & Finance Division
- Demonstrated ability to apply and translate business expertise to breakthrough thinking that significantly impacts the clients long-term strategic position
Qualifications for sourcing lead
- Procurement or Sourcing experience in Aerospace industry is desirable
- Experience in working in large, complex multi-national firms is desirable
- Experience in leading participating in cross-functional teams
- Ability to deal with all levels of personnel, both internally and externally
- Proven experience at advanced level with Microsoft Office (Excel, PowerPoint, and Word.)
- Graduate degree or an equivalent combination of training and experience
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Sourcing Lead Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of sourcing lead. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for sourcing lead
- Negotiate and manage vendor contracts and relationships
- Implement policies and metrics to ensure savings goals are realized
- Work with technical buyers, engineers and management to identify new product needs
- Identify new sources in order to meet business requirements
- Serve as the primary interface between company components and suppliers on strategic/critical quality, engineering and procurement matters
- Develop and implement long- and short-range sourcing strategies for very complex and high-risk items
- Developing and executing regional or global commodity and sourcing strategies and practices for technology divisions
- Creating and developing strong working relationships with key internal and external partners up to Executive levels to achieve strategic objectives of the company
- Working with and leading cross-functional teams to execute sourcing initiatives from start to finish, including the competitive bidding process and contract negotiations
- Driving innovation related to strategic sourcing and supplier relations
Qualifications for sourcing lead
- MBA/advanced technical degree highly desired
- Minimum of eight years related work experience required
- Exceptional client relationship, communication and negotiation skills
- Exceptional conceptual thinking, analytical and project management skills
- Excellent leadership, organizational savvy and interpersonal skills
- Strong track record of delivering exceptional business results
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Sourcing Lead Job Description
Job Description Example
Our company is hiring for a sourcing lead. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for sourcing lead
- Engage in vendor sourcing, pre-qualification, setup and tracking of supplier list
- Assessment of the supply market, maintains reliable sources of supply and backup sources
- Source, order, coordinate and follow-up with all matters related to the acquiring of items required from the Original Item Manufacturers or distribution channels
- Develops strategic partnerships with preferred suppliers to ensure business objectives are met
- Negotiate cost reduction opportunities available by employing techniques of price/cost analysis, negotiations and strategic sourcing
- Ability to drive sourcing savings through programs including fixed pricelist, consolidation of orders, consignment and VMI type programs
- Assessment of organization current spend and work with account manager to drive conversion of products
- Ensure timely response to customer’s request for supplies & services
- Monitor, follow up and review purchase requisitions with customer for approval
- Support and work closely with customer/sales personnel/other departments to ensure timely and accurate closure of procurement cycle
Qualifications for sourcing lead
- Demonstrated ability to learn highly complex and technical concepts quickly
- Change Mgmt
- English, German and French
- Bachelor's Degree in Chemistry, Biology, Bio-Chemistry, Chemical Engineering, Manufacturing, or Procurement
- 7 or more years relevant procurement experience at a Fortune 500 organization
- Experience with negotiating Managed Services contracts, Cloud services, and SaaS deals
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Sourcing Lead Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of sourcing lead. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for sourcing lead
- Advice appropriate stocking plan to the Supply Chain team on initial stocking and subsequent stock levels to maintain service level to customer
- Implementation of new supply structure and KPIs
- Weekly updates to management on all sourcing activities and delivery schedules
- Track results and generate appropriate weekly and monthly and quarterly reports to the reporting manager/customers and continuously monitor progress of KPIs
- Other ad hoc duties assigned by department manager
- Understand Business Environment, Workforce Planning outcomes and regional current and future capability requirements any specific talent challenge to be addressed
- Develop a strong pipeline of global, diverse leaders within the Talent Acquisition team and across Global Services, HR
- Drive accountability for operational excellence of assigned program
- Engage the business leadership team to develop and execute fulfilment processes that deliver enhanced productivity
- Provide weekly metrics to demonstrate and drive individual and team performance
Qualifications for sourcing lead
- Deadline oriented with demonstrated ability to deliver high quality results under pressure and manage competing priorities
- Experience building and executing commodity strategies across multiple commodities and categories
- Understanding of the current regulatory requirements and their application across the supply chain spectrum
- High-level understanding and application of financial and management accounting principles within purchasing
- Demonstrable experience managing suppliers with complex relationships across many areas of a large organization a plus
- Experience working with AIA agreements a plus
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Sourcing Lead Job Description
Job Description Example
Our company is searching for experienced candidates for the position of sourcing lead. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for sourcing lead
- Understand and drive Lean initiatives internally and with suppliers
- Maintain, enhance and drive improvement of supplier OTD metrics
- Integrate team to execute on timely RMA resolution
- Closely monitor supplier performance to plan and work with suppliers to manage any required recovery plans/actions
- Conduct capacity audits, track and escalate any red flags that impede supplier performance
- Provide advance warnings on perceived supplier delivery issues that could impact business goals and work collaboratively across the business to resolve/mitigate risk
- Support Toll Gate reviews in line with assigned program
- Ensure strategic alignment with Commodity Leaders in Make v Buy decisions and proposed LCC transitions
- Laisse with Data Quality teams and other Data Governance functions to catalog issues and data quality items that will need remediation
- Communicate and engage with various corporate responsibility stakeholders (customers, employees, suppliers, consumers, activists, non-governmental organizations, ) related to inquiries and requests for information
Qualifications for sourcing lead
- Ability and willingness to travel domestic & internationally 20% of the time
- Commodity specific experience (PCBA, Wire Harnesses, Machining, Sheet Metal, OEM)
- Identify with the Modality Directors opportunities for expanded supplier relationships
- Establish in agreement with Modality Directors operating mechanisms for supplier management
- The Sourcing Technology Leader should have expertise in Electrical design and testing
- S/he should be able to analyze the systems and assess the impact of design changes/component changes and suggest suitable testing plan for verification and validation of the part