Purchasing Manager

ZipRecruiter; Minneapolis (MN); Remote; USD 80,000 - 120,000; Full time

Job summary

A leading company is looking for a Purchasing Manager III to oversee the sourcing process and foster supplier relationships. The role involves developing sourcing strategies, managing supplier contracts, and driving cost savings while ensuring compliance with company policies. Ideal candidates will have at least 7 years of experience in sourcing and a Bachelor's degree, alongside strong negotiation and leadership skills. This is a remote role requiring exceptional communication abilities and the ability to thrive in a dynamic environment.

Qualifications

• Minimum 7+ years of progressive leadership experience in sourcing or related function.
• Experience in the Financial Services Industry required.
• Strong communication skills and ability to manage multiple priorities.

Responsibilities

• Develop comprehensive sourcing strategy aligned with business objectives.
• Build and maintain strategic relationships with key suppliers.
• Drive cost-saving initiatives through strategic sourcing and negotiation.

Skills

Negotiation

Cost Management

Leadership

Communication

Analytical Skills

Education

Bachelor’s degree

Tools

Microsoft Office

Coupa

Job description

Job DescriptionJob Description

Title: Purchasing Manager III – SYFJP00000967

Duration: 3 months

Location: remote US - EST work hours

Job Description:

Role Summary/Purpose:
The VP Sourcing Commodity Leader will be responsible for all phases of the sourcing process and require skills necessary to identify cost saving opportunities, assure contractual and supplier compliance, create competitive environments, creatively negotiate and ensure seamless availability of products and services. Role will partner with business stakeholders in leading the development of the sourcing strategy and meeting business objectives. Role will also be responsible for developing strong cross functional and supplier relationships, executing the sourcing process utilizing Coupa tool and develop a cadence of clear communication to both business stakeholders and suppliers.

Essential Responsibilities:
§Partner with key stakeholders to develop comprehensive sourcing strategy aligned with the company's overall business objectives.
§Continuously assess and adjust the strategy to respond to market dynamics and industry trends.
§Supplier Relationship: Build and maintain strategic relationships with key suppliers. Negotiate and manage supplier contracts, pricing, renewals and performance to ensure the highest quality and cost-effective solutions.
§Cost Management: Drive cost-saving initiatives through strategic sourcing, negotiation, and process optimization. Identify opportunities for cost reduction and efficiency improvements.
• Lead category sourcing with autonomy and accountability over buy and cost reduction targets.
• Provide leadership to business stakeholders with strong process responsibility to ensure our policies and process are followed to meet business timelines and objectives.
• Execute on cost reduction targets, supplier consolidation and utilization and partner with the assigned function to drive sourcing strategies across the functions and Synchrony.
• Ensure sourcing process integrity and maintain compliance to company policies.
• Develop comprehensive partnership with Legal and business owners to negotiate and draft agreements with appropriate business protections.
• Conduct RFPs, RFQs, supplier research and identification, benchmarking, qualification and competitive analysis of required products and services.
• Ability to travel up to 25%.
• Perform other duties and/or special projects as assigned.

Qualifications/Requirements:
• Bachelor’s degree with a minimum 7+ years of progressive leadership experience in sourcing or related function and demonstration of strong leadership, execution, and significant business and bottom-line contributions
• Experience working in the Financial Services Industry
• Proficiency in Microsoft Office applications, including Word, Excel, and PowerPoint

Desired Characteristics:
• Proven strong facilitation skills and experience delivering presentations
• Outstanding oral and written communication skills at all levels of the organization
• High enthusiasm and desire to work in fast paced, ever changing environment
• Proven track record working work independently and effectively managing multiple priorities
• Demonstrated experience managing complex initiatives across multiple teams/platforms
• Strong commercial skills and ability to interact with suppliers
• Demonstrated project management skills
• Proven quantitative and analytical skill set