Strategic Sourcing Job Description
Strategic sourcing
provides management and administrative support for technology tools that support the supplier and contract management processes.
Strategic Sourcing Duties & Responsibilities
To write an effective strategic sourcing job description, begin by listing detailed duties, responsibilities and expectations. We have included strategic sourcing job description templates that you can modify and use.
Sample responsibilities for this position include:
Cost saving project management, negotiation of favorable payment terms, pricing, MOQ, lot sizes, with suppliers as assigned
Lead strategic sourcing initiatives in order to drive process improvements, reduce costs and leverage supplier relationships
Gather job requirements and perform procurement and project management of campaigns or projects with understanding of the client’s objectives
Ensure that visual management tools and metrics are established and maintained
Find innovative solutions to deliver cost efficiencies to create enhanced value
Work in close alignment with Regional Procurement Leaders
Drive supplier quality and service performance, cost savings, and continuous improvement initiatives, supplier innovation and risk management activities
Support the development, planning, and implementation of sourcing strategies within the respective spend area that delivers best value, price, compliance, and efficiencies
Manage suppliers to build trust to resolve issues regarding performance, timelines, product quality, delivery and commitments
Create bid packages and perform bid analysis, reviewing findings and recommendations with Purchasing Management and Project Team for assigned commodities
Strategic Sourcing Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Strategic Sourcing
List any licenses or certifications required by the position: CPM, CPSM, CPIM, APICS, CIRM, PMP, C.P.M, MBA, CMP, CSCP
Education for Strategic Sourcing
Typically a job would require a certain level of education.
Employers hiring for the strategic sourcing job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Engineering, Finance, Business/Administration, MBA, Supply Chain Management, Education, Management, Technical, Economics
Skills for Strategic Sourcing
Desired skills for strategic sourcing include:
SAP
Excel
Strategic sourcing
Supplier Management tools
Initiatives in Kroger that may affect the category performance
Project management
Financial accounting
PowerPoint
Contract law
Tools
Desired experience for strategic sourcing includes:
EProcurement application experience (Coupa, Basware Purchase Management) and eSourcing/eContracting (Emptoris) application experience preferred
Able to deliver results with highest degree of Ethics, Integrity & Passion
Five years sourcing experience in a high technology or dynamic business environment
Ability to work in remote and virtual teams
Action oriented, results focused
Highly motivated self-starter and a motivator of others
Strategic Sourcing Examples
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Strategic Sourcing Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of strategic sourcing. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for strategic sourcing
- Attend supplier diversity fairs and exhibitions
- Support Buyer/Planner and Client Services team to ensure materials or services are acquired to successfully
- Supplier Management – Manage supplier performance according to delivery, quality, pricing and capacity
- Work closely with all the plants under the scope and will review supplier performance with the plants
- Develop and implement cost reduction initiatives working with different internal departments with suppliers
- Perform cost/price analysis of assigned commodities and review with suppliers for cost reduction opportunities
- Directly responsible for the contracting process including RFP preparation, analysis of bids, award recommendations, approval process, contract negotiations, performance metrics and contract management for assigned indirect maintenance, repair and operating supplies (MRO) or service commodities
- Assist all manufacturing locations in implementing new contracts, resolving issues and evaluating opportunities
- Work with suppliers, manufacturing, maintenance, and regional purchasing to develop, promote and implement cost savings initiatives
- Track and report supplier performance, including cost savings and spend
Qualifications for strategic sourcing
- Basic understanding of Six Sigma, ITIL and PMBOK methodologies
- This position covers a pan-Nordic responsibility and can be located in any country in the Nordics and Baltics
- Demonstrated track record of leading the sourcing process, synthesizing the analytics and working with marketing stakeholders across businesses and geographies to drive delivery
- Excellent negotiations skills with the ability to negotiate large volume, high risk deals independently
- At least 5 years of relevant experience in Hardware Sourcing/Procurement
- Working with virtual teams, cross cultures
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Strategic Sourcing Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of strategic sourcing. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for strategic sourcing
- Proficient in sourcing tools
- Manage and approve data in the company electronic procurement catalog or supplier punch-out websites for assigned commodities
- Assist in the development of new suppliers, processes, materials, and services, as appropriate to business/product requirements
- Identify optimal purchasing opportunities through leveraging existing expertise and resources, collaborating with new and existing suppliers
- Refine vendor managed programs and create inventory reduction plans
- Generate spreadsheets, reports, and presentations as required
- Provide a high level of services to all internal and external customers
- Ability to build strong relationships with suppliers in order to influence effectively
- Foster relationships within cross-functional teams (including Privacy, Audit, Legal and Security leaders) to deliver efficient solutions that improve the performance of internal operations and external supplier relationships
- Leads, motivates and develops his team which may include global and cross-functional partners
Qualifications for strategic sourcing
- Proven ability to build client and vendor relationships
- Ability to grow into Sourcing Manager Role
- Understanding of Procure to Pay process required
- Tactical and strategic abilities necessary to successfully complete daily Procurement, Sourcing and Contract duties
- 3-5 years Strategic Experience
- Ideal candidate has a degree in Purchasing & Supply Chain Management with knowledge of the retail banking industry and/or 3-5 years’ experience in Facilities Management (terminology, metrics, technology)
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Strategic Sourcing Job Description
Job Description Example
Our innovative and growing company is hiring for a strategic sourcing. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for strategic sourcing
- Manages routine to moderately complex sourcing projects while supporting more experienced positions and / or management on strategic sourcing projects of greater complexity
- Lead the implementation of new strategic sourcing initiatives to ensure benefits are fully realized
- Influences supplier strategy and executes the supplier portfolio
- Coordinates vendor negotiations with vendors
- High degree of understanding of assigned commodities (materials, services, ) on appropriate suppliers and their offerings based on the requirements at the sites, maintaining organized records of commodities/product lines/GMOs, agreements, supplier selection and their ongoing performance, and their stakeholders at each site
- Develop and implement robust analysis and reporting
- Receive, organize, and deliver data/contracts to requesting team members
- Create spreadsheets, presentations, and documents for category councils
- Perform initial reviews of contracts and document observations
- Special projects as assigned by the Sr
Qualifications for strategic sourcing
- A Bachelor’s degree or professional designation in procurement and supply chain is preferred
- Self-motivated strategic thinker with excellent communication and leadership skills
- Proven track record of delivering savings and cost avoidance
- Experienced in contract drafting
- Strong business acumen, analytical and organizational skills with a high degree of attention to detail
- Team player and able to work independently while prioritizing his/her own work and resources
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Strategic Sourcing Job Description
Job Description Example
Our company is searching for experienced candidates for the position of strategic sourcing. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for strategic sourcing
- Develop & execute Annual & Strategic Plan with supporting strategies
- Right & Fast development & deployment of strategies and resources to align with business Growth & New Product Introductions
- Manage Category & Commodity teams and Strategies to align business needs
- Ensure Relationship development & management with key Supplier Leaderships
- Recruit, Train, Develop/Coach and Retain a Global Team of Top Sourcing Professionals
- Manage & improve sourcing processes & performance through an effective management operating system
- Manage Organizational Effectiveness through efficiency improvement & functional transformation
- Support integrations of Mergers & Acquisitions and Repositioning
- Conduct spend analysis, opportunity assessment, and sourcing activity prioritization to support category managers and business partners
- Execute trend analysis
Qualifications for strategic sourcing
- Bachelor’s degree in Chemistry, Procurement, Engineering, Metallurgy, or applicable
- 7+ years of procurement / category management experience
- 3+ years’ experience of global sourcing for a global multinational manufacturing company and leading Global Value Sourcing (China preferred) projects, “Cradle to Grave”
- MBA in Chemistry, Procurement, Engineering, Metallurgy, or applicable
- Procurement / category management experience within Chemical/Plastic/Resign
- Experience with continuous process improvement and change management
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Strategic Sourcing Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of strategic sourcing. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for strategic sourcing
- Develop and maintain commodity-specific marketplace knowledge
- Lead end-to-end sourcing events as needed
- Prepare and solicit competitive bids, quotation, and proposals with pertinent specifications, terms, and conditions
- Manage select suppliers to ensure compliance with corporate commercial terms and brand requirements including on-time delivery, pricing, systemic quality issues, cost competitiveness
- Drive dedicated efforts to identify and implement significant cost reduction opportunities through data driven analysis, sourcing events, supplier rationalization and consolidation, bulk buy initiatives, payment term negotiation, and other supplier negotiation/resourcing initiatives
- Investigate/audit select suppliers to determine business opportunity strategies (supply base consolidation, leveraging)
- Assist Corporate Commodity Manager to coordinate data gathering and project implementation activities at business unit level
- Develop execution plans to implement key strategies as identified and defined by corporate commodity management
- Assist Materials Management with price change negotiations with the supply base including engineering revisions, price increase requests, volume changes
- Responsible for new supplier identification and supplier development activities consistent with corporate commodity strategies
Qualifications for strategic sourcing
- Candidates must have experience gathering requirements, working with business owners and stakeholders
- Experience with outsourcing / call center services
- Working with 3rd party vendors and negotiating contracts
- Strong focus on Business Process Outsourcing
- Looking for someone who can bring thought leadership to the organization
- Lead the development of category strategies within the required spend categories (including but not limited to Human Resources, Marketing, Real Estate, ..)