Senior Sourcing Manager
4 weeks ago
About the Role
HCLTech is seeking a highly skilled Senior Sourcing Manager to join our team. As a key member of our procurement team, you will be responsible for developing and implementing sourcing strategies to meet the company's procurement objectives.
Key Responsibilities
- Develop and implement sourcing strategies to meet the company's procurement objectives, ensuring timely services while maintaining quality standards.
- Identify potential suppliers and conduct thorough evaluations to assess their capabilities, reliability, and quality standards.
- Negotiate contracts, terms, and conditions with suppliers to secure favorable pricing, payment terms, and service level agreements.
- Monitor and evaluate supplier performance, ensuring compliance with ethical standards, legal regulations, and industry best practices.
- Collaborate closely with internal departments to understand their sourcing needs, specifications, and requirements.
- Conduct market research to identify emerging trends, new suppliers, and cost-saving opportunities.
- Lead supplier audits and risk evaluations to ensure compliance with ethical standards, legal regulations, and industry best practices.
- Regularly review and analyze sourcing data and metrics to identify areas for improvement and implement corrective actions.
Requirements and Skills
- Strong negotiation and contract management skills with a proven track record of successful contract negotiations.
- Familiarity with sourcing and vendor management principles and practices.
- Comfortable with figures and data analysis with the ability to collect, analyze, and interpret data to inform sourcing decisions.
- Prior experience in the banking or financial industry is an added advantage.
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