The Strategic Sourcing Director will lead the sourcing initiatives, driving efficiency and cost-effectiveness in procurement processes. This role involves developing and executing sourcing strategies, managing supplier relationships, and ensuring alignment with the company's overall business objectives. The ideal candidate will possess a deep understanding of market trends, negotiation tactics, and supply chain dynamics.
Key Responsibilities:
- Develop and implement strategic sourcing strategies to optimize procurement processes and achieve cost savings.
- Lead a team of sourcing professionals, providing mentorship and fostering a collaborative and results-driven culture.
- Conduct market analysis to identify trends, opportunities, and potential risks in the supply chain.
- Build and maintain strong relationships with key suppliers, negotiating contracts that align with business objectives.
- Collaborate with cross-functional teams, including finance, operations, and product development, to ensure sourcing strategies support overall company goals.
- Monitor supplier performance and conduct regular assessments to ensure compliance with quality, cost, and delivery standards.
- Prepare and present sourcing strategies, performance metrics, and recommendations to senior leadership.
- Stay informed about industry best practices, emerging technologies, and regulatory changes affecting procurement.
Qualifications:
- Bachelor's degree in Supply Chain Management, Business Administration, or a related field; MBA preferred.
- 8+ years of experience in strategic sourcing or procurement, with a minimum of 3 years in a leadership role.
- Strong negotiation skills and proven track record of achieving cost savings and value-added outcomes.
- Excellent analytical and problem-solving abilities.
- Proficient in procurement software and tools; experience with ERP systems is a plus.
- Exceptional communication and interpersonal skills, with the ability to influence stakeholders at all levels.
- Strong organizational skills with the ability to manage multiple projects and priorities.
