Strategic Sourcing Manager

Role Overview:

The company is looking for a Strategic Sourcing Manager to join our Operations team and lead the process of finding the ideal products and partners to drive our growth. The Strategic Sourcing Manager will build and maintain relationships with suppliers, evaluate manufacturing partners against a performance scorecard, and negotiate costs and other key business terms. Responsibilities include:

• Ensure the ideal fit between product and supplier to manufacture a premium product that delivers on consumer needs as well as business results.
• Lead negotiations with new and existing suppliers to negotiate product COGS and other key terms.
• Prepare RFQs, manage the quoting process, collect, consolidate and analyze quotations, build potential scenarios, and make an informed recommendation that aligns with company objectives.
• Plan and schedule pre-award meetings and coordinate evaluation process with relevant internal departments.
• Manage product transition between suppliers on targeted supply base optimization initiatives.
• Support SRM in maintaining supplier scorecard, monitor supplier performance against target KPIs, providing feedback to help maintain supplier performance database.
• Identify, manage, and develop sources that offer the company the edge needed to succeed in terms of price, quality and safety.
• Enhance relationships with key business partners to help ensure on-time delivery, quality standards are being met, and identify opportunities to improve pricing and terms.
• Support Supplier Agreement negotiation & inputs, driving for favorable terms.
• Execute on company’s strategic business objectives regarding supplier base optimization.
• Maintain COGs in all systems, targeting negative PPV through product/supplier optimization or negotiation.
• 10-20% travel required to visit potential new and existing suppliers.

Qualifications & Skills:

• Bachelor’s degree in supply chain, engineering, manufacturing or business.
• At least 3 years of experience managing and sourcing global suppliers with proven success in locating and developing suppliers with world-class capabilities.
• Experience as lead negotiator with proven performance.
• Strong project management experience and demonstrated ability to lead multiple cross-functional projects concurrently to completion.
• Strong in all Microsoft Office solutions, especially Microsoft Excel.
• Knowledge of global sourcing platforms and resources.
• Very strong negotiating skills.
• Experience dealing with suppliers in Asia, Europe, Latin America, and the United States.
• Understanding of and experience in working with commodities (raw materials, plastics, resins).
• Demonstrated ability to understand and breakdown COGs, with a high degree of accuracy.
• Knowledge of different manufacturing techniques and working knowledge of materials, components and formulations.
• Basic knowledge of Lean manufacturing best practices.
• Experience handling requests for information, quotations, proposals and bidding processes, as well as social compliance, quality and capabilities audits.
• The disposition to prioritize, organize and manage multiple projects simultaneously with high attention to detail and quality.
• A sense of urgency to quickly, decisively, and efficiently resolve business issues.
• The ability to build strong and trusting cross-functional relationships.
• Excellent communication skills.
• CAD experience a plus.