The Sourcing Manager is responsible for appraising and improving our sourcing activities by analyzing the company’s spending, supplying partnerships and new possibilities. This role requires a deep understanding of procurement, supplier management, logistics, and global sourcing to ensure efficient and cost-effective delivery of distribution items and engineered solutions. The Sourcing Manager will identify and strengthen our supplier partnerships by collaborating closely with cross-functional teams including sales, engineering, operations teams to optimize material availability, minimize risks, and drive operational excellence with our supplier partners.

Key Responsibilities:

• Manage supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
• Develop risk management procedures to mitigate losses in the event of product shortages
• Identify, evaluate and select suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
• Develop and implement procurement strategies to optimize cost savings and operational efficiency.
• Negotiate contracts and terms with suppliers to ensure favorable pricing, payment terms and mutually beneficial agreements.
• Collaborate with internal stakeholders and external customers to understand their requirements and align procurement activities with organizational goals.
• Conduct market research and analysis to stay updated on industry trends, economic factors, supplier capabilities and pricing fluctuations.
• Manage the company’s supply portfolio ensuring transparency of spending
• Generate and implement efficient sourcing and category management strategies
• Analyze and calculate costs of procurement and suggest methods to decrease expenditure
• Invent negotiation strategies and secure profitable deals
• Optimize sourcing procedures to attain maximum efficiency
• Cooperate with stakeholders to guarantee agreement on terms and processes
• Research and anticipate shifts in the negotiating power of suppliers
• Perform cost and scenario analysis, and benchmarking
• Estimate risks and apply risk minimizing techniques
• Discover and partner with trustworthy vendors and suppliers

Knowledge/Skills/Competencies

• Proven work experience as a Sourcing Manager or Procurement Manager
• Familiarity with sourcing and vendor management and relevant software
• Understanding of market dynamics and sound business judgement
• Strong project management and leadership skills
• Ability to negotiate and sustain networking relationships
• Comfortable with figures and in collecting, analyzing and interpreting data
• Solid judgement with ability to make good decisions

Education Requirements

BS degree in supply chain management, logistics or business administration