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Strategic Sourcing Manager

4 months ago

Indianapolis, United States JD Finish Line Full time

The Strategic Sourcing Manager develops and implements enterprise-wide sourcing strategies. The Strategic Sourcing Manager will own or share ownership of specific sourcing strategies with the Procurement group. With a high degree of autonomy and independence, the incumbent manages all aspects of commodity and strategic sourcing process from supplier/product evaluation to negotiating contracts and monitoring compliance in a client-aligned manner. The Strategic Sourcing Manager coordinates and manages the ongoing supplier management process. Maintaining an up-to-date understanding of enterprise needs, relevant industries, and best practices for strategic sourcing is crucial.


This individual will effectively exhibit JD Finish Line’s core values of Customer, People, Winning, Community, and Financial Responsibility in everything they do by performing the following main duties:


Category and Sourcing Management

  • Working directly with business owners, establishes strategic direction and sourcing tactics for critical vendors.
  • Lead sourcing efforts ranging in size from tens of thousands of dollars to multi-million dollars.
  • Perform market research on assigned categories and commodities.
  • Identify qualified suppliers for participation in sourcing events.
  • Lead contract negotiations using a variety of techniques, including multi-round competitive bidding, RFx processes.
  • Manage and facilitate cross-functional teams in the pursuit of several corporate procurement categories.
  • Maintain the highest degree of ethical standards and adherence to corporate policies in conducting strategic sourcing projects.
  • Monitor significant developments among suppliers, including financial results, management turnover and product line strategies.
  • Provide coaching and direction to Procurement Specialists and Strategic Sourcing Managers.
  • Provide training and tools to business users and internal customers to support these procurement processes.
  • Provide management and administrative support for technological tools that support the supplier and contract management processes.
  • Network externally to facilitate competitive intelligence, best practices, emerging/potential sources of competitive advantage, market pricing, and more.


Compliance and Demand Management

  • Work with internal customers and business units to formulate short- to long-term sourcing strategies for external suppliers and service providers.
  • Develop effective working relationships with key decision makers, business executives, and subject matter experts.
  • Monitor supplier compliance with established agreements, including monitoring service levels, outages or other unusual events, customer satisfaction levels and supplier responsiveness. Also includes reviewing the processing, accuracy and timeliness of invoices.
  • Monitor corporate compliance with established agreements, including adherence to contracts terms, meeting requirements for self-audit and true-up, and timeliness of invoice payment.
  • Track and report savings for assigned categories.


Strategic Sourcing Analytics

  • Provides direction to, and may directly manage, Procurement Specialist(s)
  • Run queries in financial systems and interpret data and results to make business decisions.
  • Perform complex spend analysis based on all available sources of information/data.
  • Prepare financial models and present results to sourcing teams and internal customers.
  • Independently analyze current spending and suppliers used through the Accounts Payable (AP), Travel & Expenses (T&E), corporate procurement card and other financial systems. This analysis is across the enterprise, including subsidiaries, and all suppliers in use.
  • Review paper and electronic invoices to understand and un-bundle the current pricing of goods and services into component parts, such as purchase prices, discounts, implementation charges, and add-on fees.
  • Analyze spending patterns and all associated costs relative to the total cost of ownership related to the goods and services, including maintenance, operations, payments, staff and communication costs.
  • Understand and develop volume, growth patterns and assumptions necessary for sourcing any individual category.
  • Review and analyze supplier responses at each round, identifying areas for clarification, incomplete information, and specific and total price comparisons.


Continuous Improvement

  • Analyze procurement processes and policies for inefficiencies, gaps, and ineffectiveness.
  • Make recommendations to management regarding opportunities for improvement.
  • Lead, partner, or consult on implementing sanctioned changes.
  • Leverage e-procurement tool opportunities.


Other duties and projects as required.


Required Education and/or Experience

A Bachelor’s degree (B.A.) from a four-year college or university, or equivalent combination of education and experience is required. An MBA is a plus. Additional 5 - 7 years of experience in procurement or affiliated business field. Prior experience managing multiple tasks required. CPSM, CPIM or other relevant certifications is a plus.


Required Computer and/or Technical Skills

Excellent skills in Microsoft Office (Excel, Word, PowerPoint).


Core Competencies:

  • Ability to work independently with minimal oversight
  • Broad understanding of assigned internal customers’ areas of business (e.g. marketing, print, facilities, HR, travel, etc.)
  • Broad understanding of major corporate suppliers.
  • Demonstrated ability to conduct Request for Proposal and Request for Information processes.
  • Demonstrated ability to conduct competitive bidding processes in an unbiased and ethical manner.
  • Ability to read and write contracts and agreements.
  • Project management skills
  • Understanding of principles of accounting including the ability to read and analyze financial statements of suppliers
  • Financial analysis skills, including the ability to prepare complex financial models to analyze alternatives
  • Superior interpersonal, communication, networking and conflict resolution skills
  • Ability to foster teamwork and build collaborative relationships
  • Highly developed analytical and critical thinking skills
  • Calculated risk-taking


Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


  • Sit for more than 6 hours per shift
  • Use hands to finger, handle and feel
  • Reach with hands and arms
  • Talk and/or hear
  • Walk or move from one location to another
  • Periodically may need to climb, balance, stoop, kneel, or crouch
  • Lift and/or move up to 10 pounds regularly and up to 50 pounds occasionally
  • Punctuality and regular attendance consistent with the company’s policies are required for the position.
  • Average work week is 40-45 hours, which can vary depending on business need.
  • The work environment for this position is a moderately noisy office setting.


The company reserves the right to modify this job description with or without notice. Employees may be asked to perform additional duties outside of normal job scope on a temporary basis per company policy.