About The Role
The Sourcing Manager is responsible for developing and executing optimal commodity & sourcing strategies. Establish & enhance Supplier relationships to drive sourcing & supplier initiatives to meet or exceed product quality, service & deliver sustainable cost reductions, whilst reducing or mitigating risk in the Supply Chain. Responsible for collaborating with internal stakeholders and aligning on optimal sourcing strategies to develop and implement one common Commodity Strategy for the assigned category.
Your Responsibilities Include
- Strong experience & knowledge in precious metals, plastics and resins.
Provide strategic influence while building value-add relationships with engaged 3rd party suppliers and respective internal stakeholders to increase sourcing efficiency.
Promotes and works towards balanced continuous (year-on-year) value improvement for all aspects of quality, service and cost with assigned supply base.
Ensures optimal balance between collaborative engagement and competitive pressure to ensure maximum value is realized.
Negotiates value improvements and manages optimal supplier contracts.
Assists in the Supplier Stratification activities and develops capability roadmaps with Supplier Engineering and Commodity Management as part of the Commodity Strategy.
Manages strategic supplier relationships in line with the Commodity Strategy and understands the strategic differentiators for each supplier.
Interacts with Site Operational Procurement Teams.
Owns annual budget process for assigned suppliers as well as crisis or systematic issue resolution.
Establish early, new supplier involvement to achieve development performance goals, support project timelines, and manage product cost.
Gathers Market Intelligence and trends for the Commodity and Sub-Commodities.
Define, build and plan alignment on Commodity Strategy for assigned commodity.