Job Description
A Sourcing Manager directs and oversees the procurement of raw materials, ensuring consistent adherence to quality standards, cost objectives, and delivery schedules. They are instrumental in building and maintaining supplier relationships, negotiating advantageous contracts, and proactively managing supply chain risks to support seamless production. Additionally, their role involves regularly updating budgets, driving savings initiatives, and approaching sourcing decisions with a strategic mindset to align with broader business goals and deliver long-term value.
Strategic Sourcing & Supplier Management
- Develop and implement sourcing strategies aligned with business objectives.
- Identify, evaluate, and select suppliers based on quality, cost, delivery, and service criteria.
- Build and maintain strong relationships with key suppliers to ensure continuous supply and negotiate favorable terms.
- Conduct supplier performance reviews and manage supplier risk assessments.
- Collaborate with cross-functional teams (e.g., procurement, operations, quality, finance) to align sourcing activities with organizational goals.
Procurement & Cost Management
- Lead cost reduction initiatives through effective negotiation and supplier consolidation.
- Monitor market trends, pricing, and supply chain risks to anticipate and mitigate potential disruptions.
- Manage purchase orders, contracts, and procurement documentation, ensuring compliance with company policies.
- Track and report on sourcing KPIs such as cost savings, supplier performance, and procurement cycle times.
Compliance & Continuous Improvement
- Ensure sourcing activities comply with internal policies, ethical standards, and regulatory requirements.
- Drive continuous improvement initiatives in sourcing processes to enhance efficiency and effectiveness.
- Support sustainability and corporate social responsibility goals through responsible sourcing practices.
Team Collaboration & Leadership
- Mentor and support junior sourcing staff and collaborate with other departments to foster a culture of teamwork and innovation.
- Participate in cross-segment projects and contribute to enterprise-wide sourcing initiatives.
Qualifications & Skills
- Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
- 3-5 years of experience in sourcing, procurement, or supply chain management.
- Strong negotiation, analytical, and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in procurement software and Microsoft Office Suite.
- Knowledge of relevant industry standards and regulatory requirements.
- Ability to work under pressure and manage multiple priorities.
- Familiarity with sustainable sourcing and supplier diversity programs.