Strategic Sourcing Manager
JD Finish Line
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Benefits offered by this job
Job summary
Qualifications
- 4-6 years of experience in procurement or affiliated business field.
- Experience managing multiple tasks is preferred.
- Certifications like CPSM or CPIM are a plus.
Responsibilities
- Develop enterprise-wide sourcing strategies.
- Monitor supplier compliance with established agreements.
- Perform complex spend analysis for decision making.
Skills
Education
Tools
Job description
This position is based onsite five days a week and can be located in either Indianapolis, IN or Birmingham, AL.
The Strategic Sourcing Manager develops and implements enterprise-wide sourcing strategies. They are responsible for identifying, evaluating, and selecting suppliers to source materials, goods, and services for our organization primarily in North America. The Strategic Sourcing Manager will own or share ownership of specific sourcing categories with the Procurement group. With a high degree of autonomy and independence, the incumbent manages all aspects of commodity and strategic sourcing process from supplier/product evaluation to negotiating contracts and monitoring compliance in a client-aligned manner. The Strategic Sourcing Manager coordinates and manages the ongoing supplier management process. Maintaining an up-to-date understanding of enterprise needs, relevant industries, and best practices for strategic sourcing is crucial. This individual is expected to consistently demonstrate and embody JD Finish Line’s core values: Customer, People, Winning, Community, and Financial Responsibility, through the following key responsibilities:
Category and Sourcing Management
- Partner with and influence business owners on procurement strategy and sourcing tactics to ensure best outcome for the business.
- Lead sourcing efforts ranging in size from hundreds of thousands of dollars to multi-million dollars.
- Perform market research on assigned categories and commodities.
- Identify qualified suppliers for participation in sourcing events.
- Lead contract negotiations using a variety of techniques, including multi-round competitive bidding, RFx processes.
- Manage and facilitate cross-functional teams in the pursuit of several corporate procurement categories.
- Maintain the highest degree of ethical standards and adherence to corporate policies in conducting strategic sourcing projects.
- Monitor significant developments among suppliers, including financial results, management turnover and product line strategies.
- Provide coaching and direction to other members of the Procurement Team
- Influence and provide guidance on smaller sourcing efforts led by the business groups.
- Lead category specific strategy, planning and update meetings with business leaders across the organization.
- Create $2+ Million in savings for the business annually.
- Provide management and administrative support for technological tools that support the supplier and contract management processes.
- Network externally to facilitate competitive intelligence, best practices, emerging/potential sources of competitive advantage, market pricing, and more.
- Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Compliance and Demand Management
- Work with internal customers and business units to formulate short- to long-term sourcing strategies for external suppliers and service providers.
- Develop effective working relationships with key decision makers, business executives, and subject matter experts.
- Monitor supplier compliance with established agreements, including monitoring service levels, outages or other unusual events, customer satisfaction levels and supplier responsiveness. Also includes reviewing the processing, accuracy and timeliness of invoices.
- Monitor corporate compliance with established agreements, including adherence to contracts terms, meeting requirements for self-audit and true-up, and timeliness of invoice payment.
- Ensure supported business units follow established processes and procedures related to sourcing and spend governance.
- Partner with business leaders and finance to ensure savings delivered is accurately reported and impacts in year and next year budgets.
Strategic Sourcing Analytics
- Run queries in financial systems and interpret data and results to make business decisions.
- Perform complex spend analysis based on all available sources of information/data.
- Prepare financial models and present results to sourcing teams and internal customers.
- Independently analyze current spending and suppliers used through the Accounts Payable (AP), Travel & Expenses (T&E), corporate procurement card and other financial systems. This analysis is across the enterprise, including subsidiaries, and all suppliers in use.
- Review paper and electronic invoices to understand and un-bundle the current pricing of goods and services into component parts, such as purchase prices, discounts, implementation charges, and add-on fees.
- Analyze spending patterns and all associated costs relative to the total cost of ownership related to the goods and services, including maintenance, operations, payments, staff and communication costs.
- Understand and develop volume, growth patterns and assumptions necessary for sourcing any individual category.
- Review and analyze supplier responses at each round, identifying areas for clarification, incomplete information, and specific and total price comparisons.
- Analyze procurement processes and policies for inefficiencies, gaps, and ineffectiveness.
- Make recommendations to management regarding opportunities for improvement.
- Lead, partner, or consult on implementing sanctioned changes.
- Leverage e-procurement tool opportunities.
- Other duties and projects as required.
Required Education and/or Experience
A Bachelor’s degree (B.A.) from a four-year college or university, 4 - 6 years of experience in procurement or affiliated business field, or equivalent combination of education and experience is preferred. An MBA is a plus. Prior experience managing multiple tasks required. CPSM, CPIM or other relevant certifications is a plus.
Required Computer and/or Technical Skills
Excellent skills in Microsoft Office (Excel, Word, PowerPoint), Google Suite.
Core Competencies:
- Ability to work independently with minimal oversight
- Broad understanding of assigned internal customers’ areas of business (e.g. marketing, print, facilities, HR, travel, etc.)
- Broad understanding of major corporate suppliers.
- Demonstrated ability to conduct Request for Proposal and Request for Information processes.
- Demonstrated ability to conduct competitive bidding processes in an unbiased and ethical manner.
- Ability to read and write contracts and agreements.
- Understanding of principles of accounting including the ability to read and analyze financial statements of suppliers
- Financial analysis skills, including the ability to prepare complex financial models to analyze alternatives
- Superior interpersonal, communication, networking and conflict resolution skills
- Ability to foster teamwork and build collaborative relationships
- Highly developed analytical and critical thinking skills
- Ability to influence and find consensus across decision makers
- Calculated risk-taking
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Sit for more than 6 hours per shift
- Use hands to finger, handle and feel
- Reach with hands and arms
- Talk and/or hear
- Walk or move from one location to another
- Periodically may need to climb, balance, stoop, kneel, or crouch
- Lift and/or move up to 10 pounds regularly and up to 50 pounds occasionally
- Punctuality and regular attendance consistent with the company’s policies are required for the position.
- Average work week is 40-45 hours, which can vary depending on business need.
- The work environment for this position is a moderately noisy office setting.
Travel
The ability to travel approximately 10% of the time on an as-needed basis.
The company reserves the right to modify this job description with or without notice. Employees may be asked to perform additional duties outside of normal job scope on a temporary basis per company policy.
- Seniority levelMid-Senior level
- Employment typeFull-time
- Job functionFinance, Purchasing, and Strategy/Planning
- IndustriesRetail Apparel and Fashion and Retail
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Medical insurance
Vision insurance
401(k)
Paid maternity leave
Paid paternity leave
Tuition assistance
Disability insurance
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