Strategic Sourcing Manager

Polar Technology; West Oxfordshire; On-site; GBP 50,000 - 75,000; Full time

Job summary

A leading company in advanced technologies is seeking a Strategic Sourcing Manager. This critical role involves developing improved strategic sourcing policies to support cost reduction initiatives. The successful candidate will manage supplier negotiations, conduct market research, and drive sourcing strategies for profitability and competitive advantage.

Qualifications

• At least five years' procurement experience in Motorsport, Aerospace Defence or medical sectors.
• Skills in MS Office applications and presentation skills at senior levels.

Responsibilities

• Evaluating sourcing procedures and presenting improvement strategies.
• Negotiating contracts with key suppliers including costs and terms.
• Driving purchasing decisions based on cost and scenario analysis.

Skills

Negotiation

Analytical Skills

Leadership

Strategic Thinking

Communication

Organizational Skills

Education

Bachelor's degree in business, economics, finance, logistics, or related field

Master's degree in business or specialization in advanced procurement management

Tools

ERP/MRP systems (e.g., SAP)

Job description

We are seeking a resourceful strategic sourcing manager to develop and implement improved strategic sourcing policies to assist with cost reduction activity. You will be negotiating cost-effective contracts with key suppliers and supporting the sourcing team as necessary.

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 review and approval.
• Analysing 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.
• Supporting extended Supply Chain team as required to resolve urgent issues.
• 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.
• Skills in MS Office applications including presentation skills at a senior level.
• A Master's degree in business or specialization in advanced procurement management will be advantageous.
• At least five years' procurement experience in a related industry ideally Motorsport, Aerospace Defence or medical.
• Proficiency in use of ERP/MRP systems such as SAP.
• Superb leadership and communication skills.
• Advanced ability to collaborate and negotiate.
• Excellent organisational and time management skills.
• Exceptional analytical and strategic thinking abilities.
• Willingness to travel to develop, promote, and maintain strategic sourcing relationships.