Sourcing Manager

4 weeks ago

Ridgefield, Connecticut, United States JobRialto Full time
Job Summary:

The Sourcing Manager is responsible for implementing corporate-led category strategies for the fast-paced and complex Marketing & Sales categories within the US organization.

This role involves supplier evaluation, contract negotiation, risk management, and fostering strong relationships with business partners and suppliers.

The Sourcing Manager will leverage market intelligence, optimize sourcing processes, and ensure compliance with corporate sourcing policies while driving value and innovation.

Key Responsibilities:

  • Implement corporate-led category strategies for Marketing & Sales categories within the US organization.
  • Identify and evaluate local suppliers, establish and maintain supplier relationships.
  • Manage sourcing risks by evaluating potential risks and developing mitigation measures.
  • Collaborate with business partners to align sourcing goals and ensure information sharing.
  • Optimize buying channels and leverage market opportunities to maximize value.
  • Utilize sourcing tools, including e-sourcing, reverse-auctions, and parallel negotiations.
  • Negotiate, review, and execute contracts, leveraging Master Services Agreements (MSAs) and Frame Services Agreements (FSAs).
  • Oversee supplier performance management for assigned categories.
  • Incorporate supplier diversity into sourcing strategies.
  • Lead regional sourcing projects and provide coaching on sourcing policies and procedures.
  • Conduct supplier reviews through Business Review Meetings and Key Performance Indicators (KPIs) to address potential issues early on.

Required Qualifications:

  • 10+ years of sourcing experience, with knowledge of the pharmaceutical industry.
  • Proficiency in demand management, market and supply analysis, negotiation, total cost of ownership, savings, and net present value (NPV) analysis.
  • Strong project management skills, with the ability to influence and drive teams to consensus.
  • Experience in sourcing for Marketing & Sales, Creative Services, Data Analytics, Market Access, and Public Relations.
  • Knowledge of contract management, supplier relationship management, risk evaluation, and change management.
  • Compliance mindset and customer-centric communication skills.
  • Demonstrated ability to develop strategies with internal and external resources, meeting department goals within budget and timelines.

Preferred Qualifications:

  • Experience with evidence generation, artificial intelligence (AI), and machine learning in sourcing.
  • Bachelor's Degree from an accredited institution, in areas such as Science, Pharmacy, Business Administration, or related fields.

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