Director of Procurement and Strategic Sourcing
6 days ago
The Director of PSC Contracts, Budgets, & Strategic Outsourcing is a key leadership role responsible for driving strategic sourcing initiatives, building and maintaining vendor relationships, and optimizing spend to support business objectives.
Key Responsibilities- Strategic Leadership: Partner with upper management to align sourcing team goals with company objectives, develop and implement sustainable and diversified outsourcing strategies, and lead and manage the team.
- Category Management: Develop category strategies, conduct market research, manage vendor evaluation processes, and facilitate vendor presentations and award notifications.
- Vendor Negotiation and Contract Management: Oversee vendor negotiations, manage purchase orders and contract revisions, ensure accurate vendor training, and reconcile vendor finances.
- Vendor and Financial Management: Collaborate with business units to establish vendor governance models, negotiate rate cards and performance-based incentives, and work with Financial Planning & Analysis for financial accruals and reporting.
- Spend Management and Reporting: Develop frameworks for spend analytics and reporting, and ensure the team supports business units throughout vendor lifecycle management.
- Vendor Relationships: Build and maintain relationships with current and prospective vendors, represent the sourcing team in governance meetings, and resolve vendor-related issues.
- Operational and Legal Oversight: Ensure contracts are detailed and accurate, and support the integration of sourcing roles within the Legal Contract Lifecycle Management (CLM) system.
- Education: Bachelor's degree with 13+ years of experience, Master's degree with 11+ years, or Doctoral degree with 8+ years in a relevant field.
- Experience: Extensive experience in outsourcing and strategic sourcing, minimum of 7 years in a supervisory/management role, and proficiency in relevant software and contract management systems.
- Knowledge/Skills: Deep understanding of outsourcing concepts, financial processes, and contract management, strong negotiation and leadership skills, and excellent communication and problem-solving abilities.
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