Purchasing Manager

TAJ Technologies, Inc.

United States

On-site

USD 110,000 - 140,000

Full time

14 days+

Get more replies from employers

Send a job-specific resume in minutes.

Job summary

A leading technology company is seeking a VP Sourcing Commodity Leader to manage sourcing strategies and supplier relationships. The ideal candidate will have substantial experience in sourcing within the Financial Services sector. This role involves developing cost-saving initiatives, executing sourcing strategies with key stakeholders, and ensuring compliance with company policies. Candidates should possess strong leadership skills and the ability to navigate in a fast-paced environment.

Qualifications

Minimum 7+ years of leadership experience in sourcing or related function.
Experience in Financial Services Industry.
Proficiency in Microsoft Office applications.

Responsibilities

Responsible for phases of the sourcing process and meeting business objectives.
Build and maintain relationships with suppliers while negotiating contracts.
Drive cost-saving initiatives through strategic sourcing.

Skills

Negotiation

Cost Management

Supplier Relationship Management

Communication

Facilitation Skills

Analytical Skills

Education

Bachelor’s degree

Tools

Microsoft Office

Coupa

Job description

Get AI-powered advice on this job and more exclusive features.

Direct message the job poster from TAJ Technologies, Inc.

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.

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

Seniority level