Strategic Sourcing Manager

Colonial Group; Portland (TN); On-site; USD 116,000 - 183,000; Full time

Job summary

Colonial Group is seeking a Strategic Sourcing Manager in the United States to lead category strategies, optimize quality and cost, and mitigate supply risks. You will collaborate cross-functionally with IT, marketing, operations, finance, and purchasing to align sourcing with company goals.

The role requires 3+ years of sourcing experience in a related industry and a Bachelor's degree, with a compensation range of $116k–$183k. Strong negotiation and analytics skills are essential.

Qualifications

• Bachelor’s degree from a 4-year college or university.
• 3+ years of sourcing experience within a similar industry preferred.
• Compensation: $116k - $183k

Responsibilities

• Develop and implement strategic sourcing strategies aligned with the company's overall business objectives.
• Collaborate with IT, e-commerce, marketing, operations, purchasing, finance, and other areas of the business to align sourcing strategies with organizational goals and priorities.
• Cultivate and maintain strong relationships with key suppliers. Evaluate and manage supplier performance to ensure quality, reliability, and consistency of supply.
• Continuously monitor market trends, negotiate terms and pricing agreements, and identify cost-saving opportunities. Implement best practices to reduce procurement costs without compromising quality.
• Develop risk mitigation strategies to mitigate potential disruptions such as geopolitical, economic, or environmental factors.
• Ensure compliance with all relevant regulations and ethical standards. Drive sustainability initiatives, such as responsible sourcing and environmentally friendly practices.
• Oversee the negotiation and management of supplier contracts, including terms and conditions, service level agreements, and performance metrics.
• Utilize data-driven insights to make informed sourcing decisions. Implement analytics tools and KPIs to track and measure sourcing performance.
• Identify opportunities for process optimization and efficiency enhancements within the sourcing function. Implement best practices and drive innovation.

Skills

Strategic sourcing

Supplier relationship management

Negotiation

Analytics

Cross-functional collaboration

Contract management

Risk management

Data-driven decision making

Education

Bachelor’s degree

Job description

Summary:

The Strategic Sourcing Manager will be responsible for developing and executing sourcing strategies for assigned categories/suppliers to optimize quality, delivery, cost, and risk, while maintaining reliable supply of assigned commodities.

Duties:

• Develop and implement strategic sourcing strategies aligned with the company's overall business objectives.
• Collaborate with IT, e-commerce, marketing, operations, purchasing, finance, and other areas of the business to align sourcing strategies with organizational goals and priorities.
• Cultivate and maintain strong relationships with key suppliers. Evaluate and manage supplier performance to ensure quality, reliability, and consistency of supply.
• Continuously monitor market trends, negotiate terms and pricing agreements, and identify cost-saving opportunities. Implement best practices to reduce procurement costs without compromising quality.
• Develop risk mitigation strategies to mitigate potential disruptions such as geopolitical, economic, or environmental factors.
• Ensure compliance with all relevant regulations and ethical standards. Drive sustainability initiatives, such as responsible sourcing and environmentally friendly practices.
• Oversee the negotiation and management of supplier contracts, including terms and conditions, service level agreements, and performance metrics.
• Utilize data-driven insights to make informed sourcing decisions. Implement analytics tools and KPIs to track and measure sourcing performance.
• Identify opportunities for process optimization and efficiency enhancements within the sourcing function. Implement best practices and drive innovation.

Skills/Abilities:

Proven ability to lead teams and identify opportunities for improvement

Highly motivated, innovative, and able to work independently and on cross functional teams.

Excellent communication, leadership, and interpersonal skills

Ability to successfully navigate in a complex business environment and adapt to changing market conditions.

Must possess strong analytical, strategic thinking, problem solving, and sound business judgment skills.

Strong negotiation, contract management, and supplier relationship management skills.

Education and Qualifications:

Bachelor’s degree from a 4-year college or university.

3+ years of sourcing experience within a similar industry preferred.

Compensation: $116k - $183k