Strategic Sourcing Manager

A Strategic Sourcing Manager drives long-term value by aligning procurement with business goals, focusing on cost reduction, risk mitigation, and supplier relationship management. Key roles include analyzing spending patterns, negotiating high-level contracts, optimizing the supply chain for efficiency, ensuring compliance, and managing strategic sourcing to improve profitability and sustainability.

Key Responsibilities and Roles:

• Strategic Sourcing & Supplier Management: Identify and evaluate new suppliers, develop long-term partnerships, and conduct supplier performance evaluations (KPIs) to ensure quality, cost, and reliability.
• Contract Negotiation & Cost Reduction: Oversee complex contract negotiations for better prices, terms, and service levels. Implement cost-reduction programs, such as bulk purchasing and supplier consolidation, to reduce expenditure.
• Spend Analysis & Market Intelligence: Analyze purchasing data to find efficiency opportunities and monitor market trends to mitigate supply chain risks.
• Process Optimization & Compliance: Develop and implement purchasing policies, ensuring compliance with company standards and local regulations.
• Cross-Functional Leadership: Collaborate with finance, logistics, and operations teams to align procurement with production needs and company goals.
• Inventory Strategy: Oversee inventory levels to ensure optimal stock while reducing waste and ensuring timely delivery.

Essential Skills for the Role:

• Analytical Thinking: Evaluating market trends, costs, and performance data.
• Negotiation Skills: Ability to secure favorable contracts.
• Strategic Planning: Aligning procurement with long-term company objectives.
• Supply Chain Knowledge: Understanding of end-to-end logistics.