Sourcing Manager

About the Company

Motion recruitment has partnered with a ecommerce retail client and seeking a sourcing manager for a full time hire.

About the Role

The Strategic Sourcing Manager will be responsible for sourcing/procurement related activities and processes associated with the acquisition of products and services for the IT and Digital business functions.

This includes requirements gathering, creating, and issuing Request for Proposal (RFP), proposal evaluation, contract negotiations, contract drafting and administration with the goal to improve spend and quality performance. This role supports Senior Managers or Directors and ensures compliance with policies and processes.

You will partner with business stakeholders and suppliers to execute procurement/sourcing activities while building collaborative relationships to deliver improved cost and service levels. The ideal candidate must have demonstrated experience in Category Management, Strategic Sourcing, Supplier & Contract Management.

Responsibilities

• Executes sourcing processes which include data/spend analysis, strategic planning and market research, scoping, bidding, contract negotiations and execution, compliance, and supplier management activities for assigned categories.
• Build and maintain collaborative relationships with cross functional stakeholders to develop and execute sourcing processes that support business goals.
• Build and execute various RFx/sourcing events, performing bid analysis and providing feedback to stakeholders and collaborate on negotiation strategies.
• Manage suppliers/contractors based on specifications and contractual requirements to ensure effective execution, implementation and prompt resolution of any issues that may arise.
• Negotiate contracts and contract renewals with suppliers to source/procure products or services needed for categories to optimize spend, reduce risk, achieve favorable terms and drive towards optimized total-cost-of-ownership.
• Support onboarding of new suppliers and product setups, ensuring compliance and efficient integration through supplier and new item set-up processes. Troubleshoot and resolve operational and supply chain challenges to ensure timely product availability, consistency, and performance.
• As needed support forecasting and demand planning with suppliers and stakeholders to support day to day business as needed.
• Identify/interview potential suppliers and evaluate supplier capabilities to determine if supplier is qualified to produce and/or supply products or services. Perform market research in applicable areas.
• Ability to support legal in key contract negotiations such as pricing, performance measures, and breach of contract remedies and termination options.
• Participate in cross-functional discussions with stakeholders. Provide clear and concise progress updates.
• Demonstrate ability to build and analyze financial models to evaluate proposal scenarios and present recommendations in a clear and concise format.

Qualifications

• EDUCATION: Bachelor’s degree (or equivalent experience) strongly preferred.
• YEARS OF RELEVANT WORK EXPERIENCE: 5+ years.
• YEARS OF MANAGEMENT EXPERIENCE: 2+ years.

Required Skills

• Strong organizational skills, understanding of legal aspects, negotiating skills, purchasing terminology, cost analysis, and legal compliance regulations.
• Experience and background in Informatics and Cloud technologies, with hands-on experience negotiating SaaS, PaaS, and IaaS contracts. Solid understanding of a wide array of IT contract forms including SaaS, Cloud, Software licensing, Software maintenance, MNDA, SaaS, End User License, Subscription, Cloud Services, Managed Services, Support Agreements, MSA, DPA & SOW's.
• A clear understanding or drive to learn software, hardware & services procurement procedures. (i.e., renewal strategies, volume discounts, prorating, co-terming licenses, rate cards, MSP versus contingent.)
• Proficient with MS Office suite – including MS Excel, Outlook, and PowerPoint.
• Verbal and written communication skills that can clearly communicate with various internal stakeholders, team members and suppliers.

Preferred Skills

• MBA or equivalent background is preferred.

Pay range and compensation package