Strategic Sourcing Manager
1 month ago
HiFyve has a client in Kansas City, MO that is hiring for a Strategic Sourcing Manager.
Salary: $120k-$130k + bonus
Full Benefits Package
Relocation Assistance Available for the right candidate
The strategic sourcing manager will manage strategic sourcing of essential materials and/or supply relationships, ensuring consistent procurement standards and activities. Collaborate with various stakeholders to understand business goals and lead them through more prominent, more complex, higher financial impact, and/or large strategic sourcing initiatives. Support the formation and execution of complex or specialized category strategies. Focus on optimizing value stream through development and execution of near-term and multiyear campaignsand prioritization of initiatives.
Responsibilities:
- Develop and execute strategic sourcing strategies focusing on spend efficiency (cost savings), portfolio/material optimization, process and tools definition, and innovation.
- Work effectively across business units and lead large and/or complex projects and teams. Support team and cross-train on complex strategy development; adapt quickly to changing business priorities.
- Define cost-savings targets through analysis and identification of addressable spend and understanding of business goals.
- Deliver against defined savings targets and develop a robust pipeline of viable projects for the future.
- Develop, monitor, manage, and report on KPIs for agreed-upon categories and/or supply relationships.
- Manage material inventories, build supply plans, and utilize demand-based mass balances to drive purchasing recommendations.
- Develop relationships with suppliers to partner on strategy development and drive productivity, innovation, and continuous improvement.
- Manage supply base to ensure supply continuity, service, and quality.
- Manage procurement ERP footprint, ensuring an accurate portrayal of current supply state; this includes maintaining requirements, verifying POs are loading correctly, managing requirements by contract, and monitoring purchasing activity against contractual details for opportunities and issues (e.g., date, spend, and volume thresholds).
- Lead sourcing events and strategies; compile spend data and conduct category research. Create templates for RFPs and collaborate on implementation plans with the procurement team.
- Draft bid records and waivers for sourcing events as defined by procurement policy.
- Monitor purchasing activity against contractual details for opportunities and issues (e.g., contract expiration, thresholds (both spend and volume), non-compliant spending).
- Review and manage invoice issues, shipping errors, replacement of materials not meeting company specifications, and cancellation of orders, keeping stakeholders abreast of status throughout the process.
- Collaborate with stakeholders to identify, document, and resolve sourcing issues (e.g., quality claims, late shipments, blocked invoices, incorrect invoices), escalating to management when predefined conditions are met.
- Monitor variance reports and lead resolution.
- Build strong stakeholder relationships, ensuring service orientation and effective capacity analyses and contingency planning.
- Interpret business challenges and recommend best practices relying on specialized procurement and/or industry knowledge to optimize category opportunities.
Requirements:
- Undergraduate degree in business, finance, supply chain management, or related curriculum (or equivalent combination of experience and education).
- 6+years of progressive procurement, purchasing, sourcing, or related experience, preferably supporting a multi-plant, matrixed organization.
- Knowledge of contract administration.
- Extensive knowledge of procurement, supply chain, and general business principles.
- Extensive knowledge of market and data analysis, supplier risk management and supplier performance, sourcing category strategy development, negotiation strategy, and contract development.
- Knowledge of project management tools and techniques.
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