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Title
Text copied to clipboard!Sourcing Manager
Description
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We are looking for a Sourcing Manager to join our team and play a crucial role in managing and overseeing our company's sourcing operations and procurement activities. The ideal candidate will be responsible for developing sourcing strategies, managing supplier relationships, negotiating contracts, and ensuring the cost-effective acquisition of high-quality materials and services. This role requires a strategic thinker with a keen eye for identifying opportunities for cost savings and efficiency improvements. The Sourcing Manager will work closely with various departments, including production, operations, and finance, to forecast needs and secure the best deals. The successful candidate will have a proven track record of success in sourcing and procurement within a fast-paced and dynamic environment. They will possess strong analytical skills, excellent negotiation capabilities, and a deep understanding of global supply chain dynamics. This role is pivotal in ensuring that our company maintains a competitive edge by leveraging innovative sourcing strategies and optimizing supplier performance.
Responsibilities
Text copied to clipboard!- Develop and implement effective sourcing strategies.
- Manage the company's supplier portfolio to ensure transparency and risk management.
- Negotiate contracts and improve terms and conditions with suppliers.
- Conduct market research to identify new suppliers and products.
- Ensure compliance with both internal procurement policies and external regulations.
- Collaborate with other departments to forecast demand and ensure timely procurement of materials.
- Monitor and evaluate supplier performance to ensure contractual compliance and resolve any issues.
- Drive cost reduction initiatives while maintaining quality and service standards.
- Lead the sourcing team, providing guidance and support to achieve departmental goals.
- Stay abreast of industry trends and advancements in procurement and supply chain management.
- Implement sustainable sourcing practices.
- Manage the procurement budget and report on cost savings.
- Coordinate with logistics to ensure the timely delivery of materials.
- Develop and maintain strong relationships with key suppliers.
- Lead cross-functional teams to evaluate and select suppliers based on project requirements.
- Conduct risk management for supply contracts and agreements.
- Handle the sourcing of both direct and indirect materials.
- Utilize software and procurement tools to streamline procurement processes.
- Prepare and present reports on sourcing strategies and results to senior management.
Requirements
Text copied to clipboard!- Bachelor's degree in Business, Supply Chain Management, or related field.
- Minimum of 5 years of experience in sourcing or procurement within a manufacturing environment.
- Strong negotiation and contract management skills.
- Excellent analytical and strategic thinking abilities.
- Proven track record of achieving cost savings and efficiency improvements.
- Experience with supplier management and performance metrics.
- Knowledge of global supply chain and sourcing strategies.
- Strong leadership and team management skills.
- Proficiency in procurement software and tools.
- Excellent communication and interpersonal skills.
- Ability to work in a fast-paced and dynamic environment.
- Understanding of quality standards and certifications relevant to the industry.
- Experience in project management and cross-functional collaboration.
- Knowledge of sustainable and ethical sourcing practices.
- Ability to travel as required for supplier visits and negotiations.
- Familiarity with legal and regulatory requirements in procurement.
- Strong problem-solving skills and attention to detail.
- Certification in supply chain management or procurement is preferred.
Potential interview questions
Text copied to clipboard!- Can you describe a successful sourcing strategy you developed and implemented?
- How do you approach supplier negotiations to ensure the best terms and conditions?
- What methods do you use to evaluate supplier performance?
- Can you give an example of how you achieved significant cost savings in a previous role?
- How do you stay informed about industry trends and advancements in procurement?
- Describe a challenging situation with a supplier and how you resolved it.
- What experience do you have with sustainable sourcing practices?
- How do you manage risk in the supply chain?
- Can you discuss your experience with procurement software and tools?
- What strategies do you use to manage and lead a sourcing team effectively?