Strategic Sourcing Manager Job Description

Strategic Sourcing Manager Job Description

August 25th, 2020

Strategic sourcing managers analyze and direct procurement expenditure. They source strategic supply partners, develop sourcing policies, and create cost estimates and forecasts. They also negotiate fair and cost-effective supply contracts.

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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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