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Strategic Sourcing Manager Job Description Template

We are seeking a resourceful strategic sourcing manager to develop and implement improved strategic sourcing policies. You will be creating cost estimates and forecasts, negotiating cost-effective contracts with key suppliers, and overseeing our sourcing team.

To ensure success as a strategic sourcing manager, you should demonstrate sound knowledge of negotiation strategies and extensive experience in a similar role. An accomplished strategic sourcing manager will be someone whose expertise translates into higher profit margins and a competitive advantage.

Strategic Sourcing Manager Responsibilities:

  • Evaluating sourcing procedures and presenting improvement strategies to senior management for approval.
  • Analyzing and calculating procurement costs and developing cost reduction strategies.
  • Driving purchasing decisions based on cost and scenario analysis, as well as market trends.
  • Negotiating contracts with key suppliers, including costs and terms of supply, service, and quality.
  • Collaborating with the procurement department to identify and pursue new supplier opportunities.
  • Conducting market research, as well as creating cost estimates and forecasts.
  • Hiring, training, and managing procurement department employees.
  • Estimating risks and applying risk minimizing techniques, as well as negotiating contracts that comply with industry regulations.
  • Maintaining strategic sourcing relationships and developing strong partnerships.

Strategic Sourcing Manager Requirements:

  • Bachelor's degree in business, economics, finance, logistics, or in a related field.
  • A Master's degree in business or specialization in advanced procurement management will be advantageous.
  • At least four years' procurement experience in a related industry.
  • Proficiency in sourcing software, such Fraxion Spend Management and Promena e-Sourcing.
  • Superb leadership and communication skills.
  • Advanced ability to collaborate and negotiate.
  • Excellent organizational and time management skills.
  • Exceptional analytical and strategic thinking abilities.
  • Willingness to travel to develop, promote, and maintain strategic sourcing relationships.

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