Strategic Sourcing Manager

About the role

The Strategic Sourcing Manager will be responsible for developing and executing sourcing strategies for assigned categories/suppliers to optimize quality, delivery, cost, and risk, while maintaining reliable supply of assigned commodities.

Responsibilities

• Develop and implement strategic sourcing strategies aligned with the company's overall business objectives.
• Collaborate with IT, e-commerce, marketing, operations, purchasing, finance, and other areas of the business to align sourcing strategies with organizational goals and priorities.
• Cultivate and maintain strong relationships with key suppliers.
• Evaluate and manage supplier performance to ensure quality, reliability, and consistency of supply.
• Continuously monitor market trends, negotiate terms and pricing agreements, and identify cost-saving opportunities.
• Implement best practices to reduce procurement costs without compromising quality.
• Develop risk mitigation strategies to mitigate potential disruptions such as geopolitical, economic, or environmental factors.
• Ensure compliance with all relevant regulations and ethical standards.
• Drive sustainability initiatives, such as responsible sourcing and environmentally friendly practices.
• Oversee the negotiation and management of supplier contracts, including terms and conditions, service level agreements, and performance metrics.
• Utilize data-driven insights to make informed sourcing decisions.
• Implement analytics tools and KPIs to track and measure sourcing performance.
• Identify opportunities for process optimization and efficiency enhancements within the sourcing function.
• Implement best practices and drive innovation.

Skills

• Proven ability to lead teams and identify opportunities for improvement
• Highly motivated, innovative, and able to work independently and on cross functional teams.
• Excellent communication, leadership, and interpersonal skills
• Ability to successfully navigate in a complex business environment and adapt to changing market conditions.
• Must possess strong analytical, strategic thinking, problem solving, and sound business judgment skills.
• Strong negotiation, contract management, and supplier relationship management skills.

Qualifications

• Bachelor’s degree from a 4-year college or university.
• 3+ years of sourcing experience within a similar industry preferred.

Pay

$116k - $183k