Strategic Sourcing Manager

Lead the development of comprehensive sourcing strategies to meet organizational goals.Analyze and evaluate potential suppliers based on cost, quality, reliability, and service.Ensure sourcing decisions align with long-term strategic objectives.Establish and maintain strong relationships with key suppliers, fostering collaboration and partnership.Negotiate contracts, pricing, and terms with suppliers to ensure favorable outcomes for the company.Manage supplier performance through regular reviews and assessments.Conduct market research to stay updated on trends, innovations, and cost-saving opportunities in the industry.Identify new suppliers and evaluate alternatives to improve procurement efficiency.Identify and implement cost-reduction opportunities in the sourcing process.Collaborate with internal teams (finance, operations, etc.) to drive savings while maintaining product/service quality.Monitor sourcing and procurement processes to identify inefficiencies and optimize workflows.Lead negotiations and manage contracts to ensure compliance with organizational requirements.Collaborate with legal and finance teams to ensure that contracts are in line with the company’s policies and regulations.Work closely with internal stakeholders (e.g., product development, marketing, and finance) to align sourcing strategies with company needs.Provide guidance and support to team members and other departments in sourcing-related matters.Identify and mitigate potential risks associated with sourcing, such as supply chain disruptions, quality issues, and market volatility.Ensure that the sourcing process complies with relevant regulations, company policies, and sustainability goals.Ensure that suppliers meet environmental, social, and governance (ESG) standards.Develop sustainable sourcing strategies that align with the company’s sustainability initiatives.Other duties as assigned.