Sourcing Manager

Job Description

Education/Experience required: Bachelor's degree in Business Administration, Supply Chain Management, Technical (Electrical, Electronic, Mechanical etc.) or a related field. A Master's degree is preferred. Minimum of 10 years of experience in procurement, with a focus on direct purchasing. Strong negotiation, communication, and interpersonal skills. Proven track record of achieving cost savings and improving supplier performance. Knowledge of procurement software and tools. Ability to work in a fast-paced, dynamic environment. Task and Responsibility: Strategic Sourcing: Develop and implement sourcing strategies for direct materials and services to achieve cost savings and improve supplier performance. Supplier Management: Identify, evaluate, and manage relationships with suppliers to ensure quality, reliability, and cost-effectiveness. Conduct regular supplier performance reviews and negotiate contracts. Cost Management: Monitor and control procurement budgets, identify cost reduction opportunities, and implement cost-saving initiatives. Compliance: Ensure all procurement activities comply with company policies, ethical standards, and regulatory requirements. Stakeholder Collaboration: Work closely with internal stakeholders, including finance, operations, and legal, to align procurement strategies with business objectives. Market Analysis: Conduct market research and analysis to stay informed about industry trends, supplier capabilities, and competitive pricing. Risk Management: Identify and mitigate risks associated with the procurement of indirect materials and services. Continuous Improvement: Drive continuous improvement initiatives within the procurement function to enhance efficiency and effectiveness.