Global Strategic Sourcing Manager
A leader in the Luxury Home Appliances space is seeking a Global Strategic Sourcing Manager with expertise in full lifecycle contract management, pricing strategies, and relevant commodity experience (metals, glass, mechanical components, and/or finished goods). The Global Procurement individual will be a key driver in their impactful transformation phase, offering exciting growth potential and the ability to build out their team.
Global Sourcing Manager - Key Responsibilities:
- Lead the strategic sourcing team to develop and implement sourcing strategies that align with organizational goals.
- Scope and manage cost-reduction projects, including assessing resources, savings potential, risks, and implementation plans.
- Oversee project management, guiding cross-functional teams through the execution of global sourcing strategies.
- Negotiate, draft, and manage contracts with suppliers to ensure favorable terms, compliance, and risk mitigation.
- Ensure contracts align with company policies and regulatory requirements, while driving cost savings and value creation.
- Develop and maintain long-term supplier agreements, including performance metrics, renewal terms, and risk-sharing mechanisms.
- Collaborate with legal and compliance teams to address contract-related issues and ensure appropriate legal language.
- Implement effective contract tracking and management systems to monitor compliance and key contract milestones.
- Deliver formal presentations and communicate project progress and results to senior leadership.
- Develop and maintain supply chain policies, ensuring adherence to ethical standards and internal controls.
- Implement supply tracking mechanisms and cost metrics for proactive supply chain management.
- Identify and mitigate risks within sourcing projects to minimize exposure and ensure success.
- Drive the execution of global sourcing initiatives and manage supplier relationships to enhance value creation
Procurement Manager - Key Requirements:
- Bachelor’s degree in Business, Operations, SCM, Engineering, or a related field; MBA preferred.
- Minimum 7+ years of experience in sourcing and supply chain management, particularly with direct materials such as metals, hardware, fasteners, or glass.
- Proven track record in leading cost-reduction projects and managing complex supply chain initiatives.
- Experience in global sourcing, pricing strategies, supplier evaluation, and scenario analysis.
- Strong contract negotiation, drafting, and management skills, with knowledge of contract laws and terminology.
- Experience in contract management, including the development of long-term supplier agreements and compliance monitoring.
- Six Sigma or LEAN manufacturing experience is a plus.
- Proven track record in leading cost-reduction projects and managing complex supply chain initiatives.
- Strong proficiency in MRP/ERP systems and sourcing tools, with advanced analytical and financial modeling skills.