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Title
Text copied to clipboard!Sourcing Manager
Description
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We are looking for a highly skilled and experienced Sourcing Manager to join our dynamic team. The ideal candidate will be responsible for overseeing the sourcing and procurement of goods and services, ensuring that the company secures the best possible deals while maintaining high standards of quality and compliance. The Sourcing Manager will work closely with various departments to understand their needs and develop strategies to meet those needs efficiently and cost-effectively. This role requires a deep understanding of market trends, supplier capabilities, and negotiation tactics. The successful candidate will have excellent analytical skills, a keen eye for detail, and the ability to build strong relationships with suppliers and internal stakeholders. Key responsibilities include developing and implementing sourcing strategies, managing supplier relationships, conducting market research, and ensuring compliance with company policies and industry regulations. The Sourcing Manager will also be responsible for monitoring and reporting on key performance indicators, identifying opportunities for cost savings, and driving continuous improvement in the sourcing process. This is a critical role that requires a proactive and strategic thinker who can navigate complex supply chains and deliver results in a fast-paced environment.
Responsibilities
Text copied to clipboard!- Develop and implement sourcing strategies to meet company objectives.
- Manage supplier relationships and negotiate contracts.
- Conduct market research to identify potential suppliers and market trends.
- Ensure compliance with company policies and industry regulations.
- Monitor and report on key performance indicators.
- Identify opportunities for cost savings and process improvements.
- Collaborate with various departments to understand their sourcing needs.
- Develop and maintain a supplier database.
- Evaluate supplier performance and conduct regular reviews.
- Manage the procurement process from start to finish.
- Ensure timely delivery of goods and services.
- Resolve any issues or disputes with suppliers.
- Prepare and present reports to senior management.
- Stay updated on industry trends and best practices.
- Develop and implement risk management strategies.
Requirements
Text copied to clipboard!- Bachelor's degree in Business Administration, Supply Chain Management, or related field.
- Minimum of 5 years of experience in sourcing or procurement.
- Strong negotiation and contract management skills.
- Excellent analytical and problem-solving abilities.
- Proven ability to manage supplier relationships.
- Strong understanding of market trends and supplier capabilities.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Proficiency in Microsoft Office Suite and procurement software.
- Strong organizational and time management skills.
- Ability to handle multiple projects simultaneously.
- Attention to detail and accuracy.
- Knowledge of industry regulations and compliance requirements.
- Experience in developing and implementing sourcing strategies.
- Strong financial acumen and budget management skills.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with developing and implementing sourcing strategies?
- How do you manage supplier relationships and ensure compliance with contracts?
- Can you provide an example of a successful negotiation you conducted?
- How do you stay updated on market trends and supplier capabilities?
- What strategies do you use to identify cost-saving opportunities?
- How do you handle disputes or issues with suppliers?
- Can you describe a time when you had to manage multiple sourcing projects simultaneously?
- How do you ensure compliance with industry regulations and company policies?
- What tools or software do you use for procurement and sourcing?
- How do you evaluate supplier performance and conduct reviews?
