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Strategic Sourcing Manager
2 months ago
Company Overview:
Stellar Industries, Inc. is seeking a dedicated professional to oversee its Procurement division. This role will entail guiding the strategic vision of the Procurement department while managing the activities of the Procurement team.
Key Responsibilities:
- Lead and manage the efforts of personnel involved in the acquisition of materials, equipment, machinery, and supplies.
- Ensure close collaboration with Design and Manufacturing Engineering to facilitate timely sourcing of products and services.
- Gather and evaluate quotations, negotiating pricing and terms with vendors.
- Engage with current and potential suppliers to assess their supply capabilities.
- Analyze data and assess outcomes to identify optimal solutions and resolve issues.
- Generate and present metrics related to market trends, pricing, supplier delivery performance, and quality assurance.
- Communicate material/component forecasts to suppliers effectively.
- Conduct visits to current and prospective suppliers' facilities to qualify them as viable sources.
- Drive supplier development initiatives.
- Contribute to projects and ongoing improvement efforts.
- Recruit and train staff while overseeing their professional development.
- Implement cost-saving strategies to achieve annual financial targets.
- Formulate operational strategies, plans, or procedures.
- Complete special projects, assignments, and additional responsibilities as required.
Supervisory Role:
This position includes direct supervisory responsibilities.
Work Environment:
This role is situated in a professional office setting. The position regularly utilizes standard office equipment and also operates within manufacturing facilities, adhering to safety protocols.
Education and Experience Requirements:
- A Bachelor's Degree in Supply Chain Management or a related business field is preferred.
- A minimum of 5 years of relevant experience is preferred.
Required Qualifications:
- Proficient in computer applications, including Microsoft Office Suite and ERP systems.
- Familiarity with strategic sourcing methodologies and practices.
- Exceptional verbal and written communication skills; ability to engage effectively with all organizational levels.
- Strong project management and analytical problem-solving abilities.
- Knowledge of industry standards, costs, and terms.
- Self-motivated with the capability to work independently under pressure and adapt to changing production or customer needs.
- Demonstrated ability to make logical, responsible, and timely decisions.
Desired Attributes:
- Results-Oriented – Ability to think strategically to achieve business goals.
- Proactive – Ability to anticipate company needs and outcomes, developing contingency plans as part of risk management.
- Strong Negotiation Skills – Capable of negotiating pricing and terms to align with company objectives.
- Collaborative – Recognizes that supply chain success is a collective effort; treats colleagues with respect and professionalism.
- Detail-Oriented – Must be organized and attentive to details across multiple responsibilities.
- Flexible – Open to change and capable of making necessary adjustments in response to unexpected challenges.
- Accountable – Willing to take responsibility for outcomes and learn from experiences.
- Interpersonal Skills – Ability to build rapport with a diverse range of individuals, including co-workers, supervisors, suppliers, and clients.
Additional Considerations:
- Participation in company-sponsored continuing education may be required (including APICS certification and/or Six Sigma).
- Local travel during business hours is expected, with occasional out-of-area and overnight travel possible.