Strategic Sourcing Commodity Manager

4 weeks ago

Fort Washington, United States Systems Staffing Group Full time
PURPOSE/SCOPE

Identify and leverage corporate purchasing power within Marketing and Shared Services as well as in other assigned commodities. Partner with internal business units to improve quality of procurements, sourcing penetration and Procurement contribution. Engage customers in a managed selection process. Manage and facilitate contracting and negotiation process to ensure contractual protection. Provide proactive strategic sourcing support to business units to drive cost reduction and operational efficiencies.

PRIMARY RESPONSIBILITIES
  • Develop and manage relationships with internal business units.
  • Drive early engagement, sourcing penetration, customer compliance and "business-partner" relationship status with assigned Business Units.
  • Identify company's opportunities to drive "cost-out" utilizing the 7-step sourcing process.
  • Guide sourcing projects within overall acquisition strategy.
  • Recommend and refine current sourcing strategy practices and protocols.
  • Define sourcing / contracting processes to customers, recommend project approach and secure approvals from Business Units and Executive Leadership as required.
  • Formulate procurement and category-specific strategies, policies, and lead implementations. Drive business unit compliance.
  • Develop product and service specifications according to best practices and in cooperation with Business Units.
  • Develop supplier evaluation and selection criteria, in general, and for assigned spend categories as part of agreed procurement strategy.
  • Monitor category trends and conduct market research as needed.
  • Conduct RFx activities, as necessary.
  • Manage negotiation process with suppliers jointly with Business Units and Legal department.
  • Manage the contract development process.
  • Perform operational review of contract performance for assigned categories.
  • Manage supplier relationships in collaboration with the Business Units and Vendor Management.
  • Define accountabilities and protocols for sourcing related compliance tracking, analysis, reporting, and client participation.
  • Participate in construction and maintenance of contract library (SLAs, pricing, and terms) for spend categories under management.
  • Perform continuous category analysis and management.
  • Overall, manage all aspects of assigned Business Units, Categories and Contracts.
KEY ATTRIBUTES
  • Individual must demonstrate creativity, integrity, and innovation.
  • Individual must be an effective change agent.
  • Individual must consistently demonstrate quality customer focus and leadership.
  • Individual must be a self starter, assertive and team player.
  • Individual must be an effective problem solver.
  • Individual must possess excellent written and oral communication skills.
  • Individual must possess the ability to effectively engage at all levels of the organization.
KNOWLEDGE
  • Must have a strong background and knowledge of expenditure analysis, and Strategic Sourcing processes and practices.
  • Experience in development of "bottoms-up" sourcing savings plans, and for designing sourcing support models that reach the greatest number of potential customers at the lowest cost to the company.
  • Must have a strong understanding and experience in working with a large supply base.
  • Must have broad working knowledge of procurement best-practices and trends.
  • Must have strong knowledge of sourcing products/services for supporting internal and external groups in a services industry.
  • Must have knowledge of contracts and negotiation tactics.
  • Must have an understanding and commitment to the continuous business improvement process.
  • Must understand the Business needs and requirements for assigned procured goods and services.
SKILLS
  • Individual must be capable of working closely with internal customers, cross-functional teams, business units, support partners and suppliers - must be a team leader/player.
  • Individual must be an effective planner and organizer.
  • Individual must have the ability to manage multiple projects and tasks effectively.
  • Individual should have the ability to communicate effectively with customers, business units and suppliers.
  • Individual must have the analytical ability to develop and execute strategic and tactical plans.
  • Individual must possess strong financial skills and knowledge of business law.
JOB REQUIREMENTS
  • Minimum 5-7 years' experience delivering category specific sourcing/buying service, strategic sourcing, supplier/category management and compliance management.
  • Financial Services experience a plus.
  • Professional Procurement Qualification (CIPS/CPM or equivalent preferred).
  • 4 Year College Degree.
  • MBA/JD and appropriate professional affiliations/certifications strongly preferred.
  • eProcurement/eSourcing technology experience, in particular Workday and Conga skills a plus.
  • Leading project teams experience desirable.

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