Strategic Sourcing Manager Responsibilities:

• Evaluating sourcing procedures and presenting improvement strategies to senior management for approval.
• Analyzing and calculating procurement costs and developing cost reduction strategies.
• Driving purchasing decisions based on cost and scenario analysis, as well as market trends.
• Negotiating contracts with key suppliers, including costs and terms of supply, service, and quality.
• Collaborating with the procurement department to identify and pursue new supplier opportunities.
• Conducting market research, as well as creating cost estimates and forecasts.
• Hiring, training, and managing procurement department employees.
• Estimating risks and applying risk minimizing techniques, as well as negotiating contracts that comply with industry regulations.
• Maintaining strategic sourcing relationships and developing strong partnerships.

Strategic Sourcing Manager Requirements:

• Bachelor's degree in business, economics, finance, logistics, or in a related field.
• A Master's degree in business or specialization in advanced procurement management will be advantageous.
• At least four years' procurement experience in a related industry.
• Proficiency in sourcing software, such Fraxion Spend Management and Promena e-Sourcing.
• Superb leadership and communication skills.
• Advanced ability to collaborate and negotiate.
• Excellent organizational and time management skills.
• Exceptional analytical and strategic thinking abilities.
• Willingness to travel to develop, promote, and maintain strategic sourcing relationships.