Sourcing Manager
About the role
If you're looking for a career that will provide a challenging work environment and many opportunities to learn, our company is the place for you. Join our team and become part of a company full of exciting opportunities. We help employees achieve their personal best by offering many opportunities that develop and enhance their skills for career advancement.
Responsibilities
- Negotiates with suppliers to obtain materials and services at the best prices (total cost of ownership) by developing and implementing strategies for cost reduction, supplier consolidation, quality improvements and process efficiencies.
- Assists in effecting more efficient sourcing processes to save costs and maximize profitability using strategic sourcing strategies and extensive knowledge of their commodity industry.
- Plays a crucial role in our daily operations. Completes non-strategic service and material purchase requests by verifying specifications and/or scope of work; determining if an RFI, RFP or RFQ is needed; administers the RFI, RFP or RFQ; negotiates cost-effective agreements with key suppliers based on our core values of procurement safety/quality/cost/delivery/morale.
- Works with suppliers, internal stakeholders and Legal counsel to negotiate contractual terms and conditions reducing risk to the company. Sourcing Manager negotiates favorable terms with the supplier (driven by company standards) until agreement execution. In addition, coordinates contract change requests as needed.
- Collaborates with Supplier Quality and Performance, Strategic Sourcing and Business Partners to develop suppliers, improve effectiveness and drive down costs.
- Supports the framework, metrics, and goals for continuous improvement to achieve process excellence and stay current with industry innovations.
- Works with department Managers, in the development of leading practices for procurement and issue resolution throughout the organization.
- Manages relationships with key internal stakeholders and suppliers in order to procure high quality products and services that are delivered on-time, within scope and within budget.
- Proactively manages contracts to fully executed status (includes spend and end dates). Ensures commercial, legal and contractual compliances in all procurement transactions including company processes, policies and procedures.
Requirements
Knowledge and understanding of the complete procurement cycle, including experience completing Request for Quote (RFQ) and Request for Proposal (RFP) packages.
Knowledge of business law, commercial terms and conditions, and related legal issues.
Negotiations and competitive process.
Ability to provide guidance to develop and evolve sourcing management processes, develop metrics, and engage suppliers on operational, strategic, and financial issues.
Knowledge of procurement processes and escalation mechanisms.
Demonstrate advanced ability to influence stakeholders, deliver customer service, and resolve issues effectively and efficiently.
Ability to analyze drawings, scope or Statements of Work (SOW) to understand key requirements to create, align, and edit sourcing packages and contracts.
Excellent communication, both written and verbal, supplier management, negotiation, and analytical skillsets.
Proven experience creating, analyzing, negotiating and editing Contracts with Company standards and reflective of business partner interests.
Proficiency with MS Office suite including advanced Excel, PowerPoint, Word, PowerBI, Service Now, SAP, and Ariba.
Qualifications
Bachelor's Degree in Business, Engineering, Information Technology, Procurement, Supply Chain Management, or other.
2-4 years of relevant experience required.
Preferred: Certified Purchasing Professional (CPP), Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM).
Additional: Project Management, ITIL, COBIT, ITSM.
Skills
Knowledge and understanding of the complete procurement cycle, including experience completing Request for Quote (RFQ) and Request for Proposal (RFP) packages.
Knowledge of business law, commercial terms and conditions, and related legal issues.
Negotiations and competitive process.
Ability to provide guidance to develop and evolve sourcing management processes, develop metrics, and engage suppliers on operational, strategic, and financial issues.
Knowledge of procurement processes and escalation mechanisms.
Demonstrate advanced ability to influence stakeholders, deliver customer service, and resolve issues effectively and efficiently.
Ability to analyze drawings, scope or Statements of Work (SOW) to understand key requirements to create, align, and edit sourcing packages and contracts.
Excellent communication, both written and verbal, supplier management, negotiation, and analytical skillsets.
Proven experience creating, analyzing, negotiating and editing Contracts with Company standards and reflective of business partner interests.
Proficiency with MS Office suite including advanced Excel, PowerPoint, Word, PowerBI, Service Now, SAP, and Ariba.
Benefits
Medical and Dental (FastTek pays majority of the medical program)
Vision
Personal Time Off (PTO) Program
Long Term Disability (100% paid)
Life Insurance (100% paid)
401(k) with immediate vesting and 3% (of salary) dollar-for-dollar match
Plus, we have a lucrative employee referral program and an employee recognition culture.
FastTek Global was named one of the Top Work Places in Michigan by the Detroit Free Press in 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023!