Sourcing Manager

Identify and evaluate potential suppliers.Establish and maintain strong relationships with suppliers.Conduct performance reviews and manage supplier contracts.Develop and implement sourcing strategies aligned with business goals.Analyze market trends and conditions to identify opportunities for cost savings and improved efficiency.Collaborate with stakeholders to understand their requirements and ensure the sourcing strategy supports organizational objectives.Negotiate terms and conditions with suppliers to secure favorable agreements.Ensure compliance with contractual terms and resolve any disputes that arise.Oversee the end-to-end procurement process, including requisitioning, order placement, and delivery.Ensure timely and cost-effective procurement of materials and services.Monitor inventory levels and coordinate with logistics to manage supply chain efficiency.Develop cost-saving initiatives and track procurement expenditures.Implement cost reduction programs and monitor their effectiveness.Identify potential risks in the supply chain and develop mitigation strategies.Ensure compliance with regulatory requirements and company policies.Analyze procurement data to make informed decisions and provide insights to management.Prepare regular reports on sourcing activities, supplier performance, and cost savings.Required Skills and QualificationsBachelor's degree in supply chain management, business administration, or a related field. A master's degree or relevant certification (e.G., CPSM, CIPS) is a plus.Proven experience in sourcing, procurement, or supply chain management, typically 5-7 years.SkillsStrong negotiation and communication skills.Analytical and problem-solving abilities.Proficiency in procurement software and ERP systems.Excellent organizational and project management skills.Ability to work collaboratively with cross-functional teams.Attention to detail and accuracy.Ability to work under pressure and manage multiple priorities.Strong ethical standards and a commitment to integrity.Strategic thinking and a proactive approach to problem-solving.#J-18808-Ljbffr