Strategic Sourcing Managers are the masterminds behind successful procurement strategies. In this blog we have provided some of the best Strategic Sourcing Manager Job Description ideas which may help you.
They are responsible for identifying and sourcing the best suppliers, negotiating contracts, and ensuring that the organization’s purchases align with its business objectives. With a strong understanding of market trends and supplier capabilities, Strategic Sourcing Managers are able to find cost-effective solutions while maintaining the quality of products and services.
In this role, you’ll work cross-functionally with teams such as procurement, finance, and operations to develop and execute procurement strategies. You’ll analyze data and market trends to identify areas for cost savings and continuously monitor supplier performance to ensure the organization is getting the best value for its investments. With a focus on continuous improvement, you’ll play a critical role in driving innovation and making a real impact on the organization’s bottom line.
Duties Of a Strategic Sourcing Manager
The duties, responsibilities, and requirements of a Strategic Sourcing Manager vary depending on the company they work for but generally include:
- Analyzing spending patterns to identify opportunities for cost savings
- Developing and implementing sourcing strategies
- Negotiating contracts with suppliers
- Managing supplier relationships
- Monitoring supplier performance
- Communicating with stakeholders to keep them updated on sourcing activities
- Maintaining knowledge of current industry trends
Education requirements For a Strategic Sourcing Manager
- Typically a bachelor’s degree in business administration or a related field.
- In some cases, a master’s degree may be preferred or required. Additional experience in procurement, supply chain management, or contract negotiation is often helpful.
Strategic Sourcing Manager Job Description
We are a world leader in their industry and are looking for an experienced Strategic Sourcing Manager to manage the supply of goods and services for our company. The role is responsible for supplier relationship management, contract negotiation, cost reduction initiatives, and supplier performance management.
- Develop and implement sourcing strategies that align with business objectives
- Lead negotiations with suppliers and contractors to secure pricing, quality, and delivery terms
- Manage supplier relationships to ensure contractual obligations are met
- Monitor supplier performance and work with internal stakeholders to resolve issues
- Drive cost reduction initiatives through effective sourcing and procurement practices
- Ensure compliance with company policies and government regulations
The Successful Applicant:
- 5+ years of experience in strategic sourcing or procurement within a corporate environment
- Demonstrated ability to negotiate favorable terms with suppliers
- Strong analytical skills with experience developing reports and metrics to track progress against goals
- Excellent communication skills with the ability to build relationships at all levels within an organization
- $85k-$95k + bonus & benefits
Strategic sourcing job description
We are a world-renowned luxury retailer with over 600 stores in more than 50 countries. We are looking for a Strategic Sourcing Manager to join our team and help them further grow their business. As the Strategic Sourcing Manager, you will be responsible for leading and executing sourcing strategies across all categories within our company.
- Lead and execute sourcing strategies across all categories within the company.
- Work closely with internal stakeholders to understand their needs and requirements, and translate them into tangible offerings for suppliers.
- Manage supplier relationships and negotiate contracts that are beneficial to both parties.
- Continuously monitor market trends and look for ways to improve the company’s competitive position.
- Stay up to date on industry best practices and develop innovative solutions that meet or exceed stakeholder expectations.
- Perform cost analysis and financial modeling to support decision making.
- Other duties as assigned by management.
The Successful Applicant:
- Bachelors Degree in Business Administration, Supply Chain Management, or related field required; advanced degree preferred
- Minimum of 5 years of experience in strategic sourcing or procurement required
- Demonstrated ability to lead projects from start to finish
- Strong analytical skills with experience performing cost analysis and financial modeling
- Excellent communication skills with ability to influence at all levels of the organization
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) & Google Apps (Docs, Sheets, Slides)
- Competitive salary + bonus potential
- Full benefits package including medical, dental, vision & 401k matching
- Generous vacation policy + paid holidays [Company Name] is an Equal Opportunity Employer
Strategic purchaser job description
We are a market leading organization in the engineering sector. We supply bespoke products to clients all over the world and operate in a fast moving, challenging and competitive environment. Our company are now recruiting for a Strategic Purchaser to join our team based near Birmingham.
- As the Strategic Purchaser you will be responsible for managing supplier relationships whilst also developing long term strategies in order to improve supplier performance and reduce costs.
- You will have full autonomy of your own projects as well as being an integral part of the wider procurement team, therefore excellent communication skills are essential for this role.
- Other key responsibilities include conducting cost analysis, negotiating with suppliers and maintaining up to date records of purchasing activities.
- In order to be successful in this role it is essential that you have experience working within a purchasing/procurement environment and have knowledge of MRP systems.
The Successful Applicant:
- Experience working within a purchasing/procurement environment
- Excellent communication skills
- Strong negotiation skills
- Ability to work autonomously on own projects
- Salary circa £35,000 per annum + benefits
Strategic procurement manager job description
We are a market leader in the field of data analysis software. As we are utilized by 90% of organizations within their target market, and boast a lot of inbound business. We are looking to hire four strategic procurement managers. This is a remote-based opportunity with a highly competitive salary.
The strategic procurement manager will be responsible for the following:
- Serve as the main point of contact and liaison between clients and the rest of the internal team
- Empower customers to connect their goals and challenges with the solution in monday.com
- Take ownership of new accounts and manage their onboarding
- Lead online webinars, consultations, and one-on-one demos to educate customers on features of our product
- Stay in touch with clients to ensure that they’re realizing the full potential of our software – Build, own, and execute client success and engagement plans
- Represent voice of the customer and influence product development roadmap
- Partner Product team on cross-sell and upsell opportunities
The Successful Applicant will have:
- 3+ years of experience in B2B SaaS customer success or account management working with accounts various sizes Excellent written communication skills
- High energy Positive attitude Ability to take initiative Prior experience in strategy consulting preferred BA or BS degree
- Competitive salary
- 401k + match
- Full benefits package including medical insurance
In conclusion, a Strategic Sourcing Manager plays a crucial role in the procurement process for an organization. They are responsible for identifying and developing new suppliers, negotiating contracts, and managing relationships with existing suppliers to ensure cost-effective and efficient sourcing of goods and services. It’s an exciting and challenging role that requires a combination of strategic thinking, negotiation skills, and an understanding of the industry.
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