Strategic Sourcing Manager Job Description
Strategic sourcing manager
provides thought leadership and guidance to business units in the areas of strategic sourcing, contracting, procurement services and supplier management in assigned sourcing areas/categories.
Strategic Sourcing Manager Duties & Responsibilities
To write an effective strategic sourcing manager job description, begin by listing detailed duties, responsibilities and expectations. We have included strategic sourcing manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Drive vendor efficiencies through improved processes and procedures
SAP reporting and spend analysis exercises
Lead cross-functional teams to develop requirements and strategy to identify suppliers, establish SLA/KPI requirements and resolve any performance issues
Drive increased value through effective negotiations by leveraging information, and establishing clear engagement strategies
Identify and leverage areas of opportunity
Execute supplier agreements in conjunction with EA Legal and internal clients to ensure contracts terms and conditions are in compliance with corporate and purchasing guidelines
Provide on-going competitive analysis of the commodity market, supply base and competitive activity
Perform financial analysis on historical spend to calculate potential and actual savings
Using market analysis and complete data gathering to develop/ support procurement decisions and strategies
Research opportunities and lead projects and initiatives to increase cost efficiency in conjunction with the functional area stakeholder
Strategic Sourcing Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Strategic Sourcing Manager
List any licenses or certifications required by the position: CPM, CPSM, CPIM, APICS, PMP, CSCMP, CIRM, ISM, APP, MBA
Education for Strategic Sourcing Manager
Typically a job would require a certain level of education.
Employers hiring for the strategic sourcing manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Engineering, Business/Administration, MBA, Supply Chain Management, Finance, Education, Management, Computer Science, Administration
Skills for Strategic Sourcing Manager
Desired skills for strategic sourcing manager include:
SAP
Equivalent ERP systems
Leading procurement practices and promote adoption of procurement standards
Sourcing in Financial Services
Product and service needs and industry developments related to assigned spend categories
Procedures
Process and /
Project management
Supplier relationship management
Excel
Desired experience for strategic sourcing manager includes:
Five to nine plus years’ experience in Strategic Sourcing or equivalent role(s) leading large complex supplier negotiations in dynamic and diverse IT environment
Knowledge of contract negotiation process including development of commercial terms and strong ability to partner with internal/external stakeholder and legal teams to drive closure
Ability to present/articulate analytical results and facilitate and influence decision making at Sr
Familiarity with eSourcing tools
Five to seven plus years’ experience in Strategic Sourcing or equivalent role(s) leading large complex supplier negotiations in dynamic and diverse IT environment
Self-management with the ability to assume full responsibility for your performance, striving for both personal & team excellence
Strategic Sourcing Manager Examples
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Strategic Sourcing Manager Job Description
Job Description Example
Our company is growing rapidly and is looking for a strategic sourcing manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for strategic sourcing manager
- Manage the resource loading and team performance
- Managing the contracting process with providers of goods and services
- Executing and managing competitive enterprise-wide contracts and supplier relationships
- Lead the planning and implementation of sourcing projects
- Manage the day-to-day operational aspects of the project and scope
- Constantly monitor and report on progress to all key stakeholders
- Favorable Net Purchase Price Variance "PPV" within Region, Categories, or Site(s) of responsibility as Measured via Spend Data WarehouseSetting and achieving aggressive cost reduction targets year on year for Team
- Direct & Indirect Savings "Completed" as Measured via Project Deck for Region, Category, or Site(s) of Responsibility
- Achievement of PPC Budget within Region or Site(s) of responsibility
- Achievement of Contribution to Net Income target, within Region, Category, or Site(s) of Responsibility
Qualifications for strategic sourcing manager
- Strategic sourcing expertise
- Minimum of 3-5 years of experience in procurement, setting procurement strategies, driving cost savings and improving terms and conditions
- Self-starter with excellent business/financial acumen, proficient working with cross-functional teams, including demonstrated motivation, influence, and the ability to drive change across all levels of the organization and geographical boundaries
- Post-secondary education and/or related working experience
- CPM or SCMP designations (or equivalent) would be an asset, but not required
- Minimum of 5+ years of relevant work experience in infrastructure procurement (focus is hardware, network and software procurement), asset management, telecommunications and software licensing
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Strategic Sourcing Manager Job Description
Job Description Example
Our company is looking to fill the role of strategic sourcing manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for strategic sourcing manager
- Regularly participate in training and education classes/programs
- Prepare and Negotiate Global Contracts with Key Strategic Suppliers
- Complies with legal requirements by adherence to requirements of existing and new regulations and legislation
- Completes work in a timely manner to ensure customer satisfaction and positive results
- Perform spend analysis
- Secure Finance reports and other due diligence information required for evaluating and approving new suppliers
- Assist with the resolution and avoidance of vendor disputes and invoice queries
- Participate in special projects and perform other duties, as required by the team
- Adhoc benchmarking across commodities
- Periodic supplier monitoring, scoring against supplier performance measurements (Agreed KPI’s)
Qualifications for strategic sourcing manager
- Prior strategy consulting, supply chain, procurement, or strategic sourcing experience preferred
- Work collaboratively with a variety of constituents including online service and GFS engineering groups with many constituents from initial qualification to end-of-life
- Communicate progress proactively and timely to many levels of the business hierarchy (engineers, finance, executive management)
- Minimum of 5-7 years strategic sourcing experience in relevant field including real estate, facilities management or construction
- Minimum of 2-5 years’ experience in Supplier Performance Management
- Develop, implement and maintain a supplier diversity program in accordance with client and company requirements
3
Strategic Sourcing Manager Job Description
Job Description Example
Our company is looking for a strategic sourcing manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for strategic sourcing manager
- Work with the Quality organization to drive and improve the Supplier Quality process that further reduces internal and external quality PPMs and product failures to ensure the highest level of quality performance
- Negotiate, draft and uphold master contracts for suppliers and contract manufacturers, including general terms and conditions, OTD expectation, pricing, lead-times and cash flow/ payment conditions
- Detemine ROI opportunities through the negotiation process contract and amendment creation based on business needs
- Assist in the creation of Request for Information (RFI) and Request for Proposal (RFP) questionnaires their review upon receipt
- Develop and execute documented sourcing strategies and establish/maintain effective supplier management relationships for assigned commodities
- Drive process improvements and efficiencies in the sourcing process via e-commerce, supplier consolidation
- Analyze factors/issues associated with category
- Develop, implement and execute tactical and strategic category plans internally and with suppliers (where applicable)
- Identify and lead sourcing activities delivering commercial & practical solutions and quantifiable savings
- Critically manage incumbent supply relationships supporting year on year cost savings including P&L savings, transparent TCO and cost avoidance savings, performance compliance, innovation and simplification
Qualifications for strategic sourcing manager
- 7+ years work experience in strategic sourcing, procurement, catagory management or related field
- Previous experience sourcing for Technology and or Marketing
- Significant experience in corporate procurement/strategic sourcing department supporting an indirect category with contract negotiation and supplier management experience or equivalent industry expertise that includes global scope
- Proven high level technical competence in all core Strategic Sourcing disciplines
- Experience across categories of prof services, technology and marketing
- Significant experience working directly with senior leadership, and effective management of difficult stakeholders in a global setting
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Strategic Sourcing Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of strategic sourcing manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for strategic sourcing manager
- Partner with internal stakeholders, Procurement team members, Product and Sales teams
- Conduct data analytics, including operational activity, and market research
- Negotiate, draft, administer and manage a broad range of contracts
- Ensure strong supplier governance, performance and relationship
- Lead sourcing activities – RFI, RFP, RFQ
- Mentor and support the professional development of other procurement team members
- Facilitate and lead cross-functional teams with key stakeholders to develop effective cost reduction and risk mitigation strategies implementation plans while maintaining and improving internal client satisfaction
- Deliver total cost of ownership reductions, year-over-year productivity improvements while maintaining or improving product quality and supplier service levels
- Facility Maintenance Experience
- Ability to perform analytics and utilize data to create and execute a sourcing plan ensuring the account can meet all glide-path goals
Qualifications for strategic sourcing manager
- Minimum five (5) to seven (7) years of experience working in strategic sourcing in a manufacturing and/or industrial environment
- Ability to have interpersonal and political savvy to drive project teams
- Deal comfortably with senior managers by understanding how they think and work
- Fluency in English (read, write and speak)
- Lead the development of category strategies within the Business Services spend category (including but not limited to Medical Services, Financial and Insurance Services, Travel Services, Consulting, Real Estate)
- Assists with meeting defined savings and cost reduction targets within the category
5
Strategic Sourcing Manager Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of strategic sourcing manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for strategic sourcing manager
- Support special and continuous improvement projects, as identified or requested
- Execute purchase orders, supplier pay term approvals, and other reporting tasks within P2P system
- Support performance dashboarding for team
- Lead procurement cross-functional teams by coordinating all business activities to achieve purchase decisions, which deliver the highest quality, reliability, and value to meet COUNTRY Financial requirements through the development of strong business relationships and strategic alliances
- Conducts market research, creates estimates and forecasts, and identifies cost reduction strategies
- Ensure all contract vendors (e.g., security, interior cleaning, maintenance, fire protection systems, and storage) are providing cost effective value added services
- Negotiates with suppliers and vendors for contracts for timely supplies at fair prices and in compliance with regulations
- Identifies and manages sourcing initiatives to ensure cost savings benefits are realized at the P & L level
- Utilizes process improvement methodologies to drive additional efficiencies as part of the sourcing process
- Performs analysis of spend data & identifies areas of opportunity
Qualifications for strategic sourcing manager
- 7+ years work experience in strategic sourcing, procurement, category management, consulting or related field
- Five (5) to seven (7) years procurement experience including strategic sourcing and supplier management
- Good understanding of concepts and services provided by specialty service area
- Understanding of the sourcing process and the importance of buy in
- Ability to effectively lead small teams and manage change within the organization
- Experience with delivery models for Greenfield and Brownfield Power, P3 opportunities in a matrix organization