Strategic Sourcing Manager Indirect

Arrowhead Engineered Products, Inc.; Portland (TN); On-site; USD 116,000 - 183,000; Full time

Job summary

Arrowhead Engineered Products, Inc. is seeking a Strategic Sourcing Manager to develop and execute sourcing strategies for assigned categories and suppliers to optimize quality, delivery, cost, and risk while maintaining reliable supply of critical commodities.

You will collaborate with IT, e-commerce, marketing, operations, purchasing, finance and other areas to align sourcing priorities with business goals, cultivate strong supplier relationships, and monitor performance to ensure quality and

Qualifications

• Bachelor's degree required; 3+ years in strategic sourcing preferred.
• Experience in supplier selection, renegotiation, and contract management.
• Strong analytical and negotiation abilities.
• Ability to work across IT, finance, operations, and other teams.

Responsibilities

• Develop and implement strategic sourcing strategies aligned with business objectives.
• Collaborate with IT, e-commerce, marketing, operations, purchasing, finance and others to align sourcing priorities.
• Cultivate and maintain relationships with key suppliers and evaluate performance.
• Monitor market trends, negotiate terms, and identify cost-saving opportunities.
• Develop risk mitigation strategies to address disruptions.
• Ensure compliance with regulations and drive sustainability initiatives.
• Oversee negotiations and management of supplier contracts including SLAs and KPIs.
• Utilize data-driven insights and analytics to track sourcing performance.
• Identify opportunities for process optimization and efficiency improvements within sourcing.

Skills

Leadership

Strategic thinking

Negotiation

Supplier relationship management

Contract management

Data-driven decision making

Analytical skills

Cross-functional collaboration

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