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.