Regional Sourcing Manager

Position Overview

The Regional Sourcing Manager is responsible for leading and managing sourcing activities within a specific region or geographical area. This role involves developing and executing sourcing strategies, identifying, and evaluating suppliers, negotiating contracts, and ensuring the timely delivery of goods and services. The Regional Sourcing Manager collaborates with cross-functional teams and stakeholders to align sourcing activities with business objectives, drive cost savings, improve supplier performance, and mitigate risks. The Regional Sourcing Manager will also be responsible for mentoring and managing sourcing professionals, building team capabilities, and ensuring alignment across international business units.

Primary Duties & Responsibilities

• Sourcing Strategy:

  Develop and implement a regional sourcing strategy aligned with business objectives, market trends, and supply chain requirements. Identify opportunities for supplier consolidation, cost savings, and process improvements within the region.

• Supplier Evaluation and Selection:

  Identify and evaluate suppliers based on their capabilities, quality standards, financial stability, and compliance with relevant regulations. Conduct supplier assessments, negotiate contracts, and establish strong relationships with regional suppliers.

• Contract Negotiation:

  Lead contract negotiations with suppliers to ensure favorable pricing, terms, and conditions. Collaborate with legal and procurement teams to develop contractual agreements that protect the organization's interests and foster strong partnerships.

• Cost Optimization:

  Analyze spend data, market trends, and supply chain dynamics to identify cost-saving opportunities within the region. Drive initiatives to negotiate competitive pricing, optimize supplier terms, and streamline procurement processes.

• Supplier Performance Management:

  Establish key performance indicators (KPIs) and metrics to measure supplier performance. Conduct regular performance reviews, address issues, and drive improvement initiatives to ensure high-quality goods and services from regional suppliers.

• Supply Chain Collaboration:

  Collaborate with cross-functional teams, including procurement, logistics, operations, and finance, to align sourcing activities with supply chain objectives. Provide insights and recommendations to enhance supply chain efficiency, reduce lead times, and optimize regional operations.

• Risk Management:

  Identify and mitigate sourcing and supply chain risks within the region. Develop contingency plans, alternative sourcing strategies, and business continuity plans to minimize disruptions and ensure continuity of supply.

• Market Intelligence:

  Stay updated with market trends, industry developments, and emerging technologies related to sourcing within the region. Conduct market research, supplier assessments, and benchmarking to identify new suppliers, evaluate their capabilities, and leverage market opportunities.

• Stakeholder Engagement:

  Collaborate closely with internal stakeholders to understand their requirements, provide sourcing expertise, and ensure alignment with business needs. Foster effective communication and strong relationships with regional stakeholders.

• People Development and Management

  : Lead and develop regional sourcing team, fostering a culture of collaboration, accountability, and continuous improvement across global environments.

Qualifications

Education:

• Essential:

  Bachelor's or Master's degree in Business, Supply Chain Management, engineering

Experience

• Essential:

  Proven experience in strategic sourcing, procurement, or supply chain management, with a focus on a specific region or geographical area.

Desirable:

Essential:

• Strong knowledge of sourcing principles, supplier evaluation, negotiation, and cost optimization strategies.
• Excellent analytical and negotiation skills, with the ability to analyze data, develop sourcing strategies, and negotiate contracts.
• Solid understanding of supply chain dynamics, market trends, and regional regulations.
• Strong project management skills, with the ability to manage multiple sourcing projects simultaneously and meet deadlines.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and build relationships with suppliers and stakeholders.
• Familiarity with sourcing tools, technology platforms, and supply chain management systems.
• Strong business acumen and strategic thinking, with the ability to align sourcing activities with business objectives.
• Results-oriented mindset with a focus on driving cost savings, supplier performance, and risk mitigation.
• Ability to adapt to a dynamic and changing business environment and work well under pressure.
• Strong knowledge of indirect sourcing strategies, supplier management, and contract negotiation.
• Knowledge of relevant laws, regulations, and compliance requirements related to sourcing, such as data privacy and intellectual property.
• Familiarity with sourcing tools and technologies, such as e-sourcing platforms, spend analytics software, and supplier

Desirable:

• Technical skill set in Mechanical engineering, electronic, chemistry