The Strategic Sourcing Manager is responsible for developing and implementing sourcing strategies in order to obtain the best possible price and terms for goods and services. The manager works closely with internal stakeholders to understand their needs and requirements, and then uses this knowledge to identify potential suppliers, negotiate contracts, and manage supplier relationships. In addition, the Strategic Sourcing Manager is responsible for maintaining up-to-date knowledge of market trends and developments in order to ensure that the company is getting the most competitive prices.

Strategic Sourcing Manager Job Responsibilities

  • Develop and implement strategic sourcing plans
  • Lead and manage sourcing projects
  • Conduct market analysis and research
  • Identify cost savings opportunities
  • Negotiate contracts with suppliers
  • Manage supplier relationships
  • Ensure compliance with procurement policies and procedures

Objectives

  • Develop and implement sourcing strategies that align with business goals
  • Lead the sourcing team in identifying and assessing potential suppliers
  • Conduct supplier risk assessments and manage supplier relationships
  • Develop performance metrics and KPIs for sourcing activities
  • Negotiate contracts with suppliers
  • Manage the RFP/RFQ process from start to finish
  • Ensure compliance with procurement policies and procedures

Strategic Sourcing Manager Job Skills & Qualifications Needed

  • The skills and qualifications needed for the role of Strategic Sourcing Manager include: excellent communication and negotiation skills, strong analytical and problemsolving abilities, experience in sourcing and procurement, knowledge of supply chain management principles, and a bachelor's degree in business or a related field.