Strategic Sourcing Manager

2 days ago

Wayne, Pennsylvania, United States Lincoln Financial Full time
About the Role

We are seeking a highly skilled Strategic Sourcing Manager to join our Procurement Team in a remote environment. As a key member of our team, you will be responsible for developing and executing procurement sourcing strategies for Professional Services categories, including Consulting, Contract Labor, HR, and Finance.

Key Responsibilities
  • Lead cross-functional teams in the development and implementation of strategic sourcing strategies and demand management opportunities for assigned categories of expenditure.
  • Establish and meet / exceed savings and benefit delivery targets for assigned categories over an extended time frame and ensure such targets are enabled via agreed sourcing strategies and support business unit / LFG-wide cost management objectives.
  • Build and continuously improve relationships with key suppliers and work with internal stakeholders and other parties around the establishment of an effective, fit for purpose supplier relationship management program.
  • Regularly conduct sophisticated analysis on both the marketplace and suppliers within assigned categories of spend and leverage this information with internal clientele in developing sourcing strategies that will maximize total value.
  • Lead the negotiation of tactical and strategic supplier agreements and work collaboratively with LFG Legal counsel and other internal stakeholders to provide optimal value and risk mitigation to LFG.
  • Manage supplier contracts for assigned spend categories throughout the agreement's lifecycle ensuring proactive management of agreement expirations, amendments / addendums, etc. aligned to category strategies.
Requirements
  • Bachelor's Degree in Business or related field plus minimum of five (5) years' strategic sourcing experience, to include demonstrated track record in driving supplier rationalization and cost-out programs in a cross functional environment.
  • Demonstrated use of eSourcing, spend analytics, contract management and procure to pay systems and processes and their application in developing and implementing strategic sourcing strategies.
About Lincoln Financial Group

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates.

Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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