Global Sourcing Manager

Global sourcing managers oversee their company's service and materials sourcing teams. They travel frequently both domestically and internationally. They are responsible for establishing and maintaining efficiency within the supply chain structure, as well as compliance with regulatory bodies and best practices standards. These managers set goals and create motivations for their teams, as well as ensure synchronization of action from the start of the supply chain to completion. In order to ensure uninterrupted supplies of materials and services, global sourcing managers should be able to foster close relationships with vendors and partners and be able to communicate their value to the company. They must provide guidance and leadership to their team, as well as disciplinary action when necessary.

Extensive experience with sourcing is generally required for this position. Fluency with at least one language other than English is generally needed as well, with two or more preferred. An understanding of other cultures and excellent interpersonal skills are needed as well. Global sourcing managers generally work full time in an office setting during regular business hours, although alternative and/or additional hours may be required, as this individual's responsibilities extend across multiple time zones.

With 6-9 years of experience as a Global Sourcing Manager in Singapore, your main responsibilities include:

• Oversee and manage the procurement process, ensuring timely and cost-effective sourcing of goods and services. Streamline sourcing activities, identify suitable suppliers, and negotiate favorable contracts.
• Collaborate with cross-functional teams to develop and implement sourcing strategies aligned with organizational goals. Work closely with stakeholders to understand their requirements and provide strategic guidance on sourcing decisions.
• Conduct market research and analysis to identify potential suppliers, evaluate their capabilities, and assess market trends. Stay abreast of industry developments and assess supplier performance to optimize sourcing decisions.
• Ensure compliance with procurement policies, regulations, and ethical standards while managing supplier relationships.

For a Global Sourcing Manager job role, the following qualifications are required:

• Extensive experience in strategic sourcing and procurement, preferably in a global setting. This includes a strong understanding of supplier selection and evaluation, contract negotiation, and risk management.
• Proven track record in achieving cost savings and optimizing the supply chain through effective sourcing strategies. This requires a deep understanding of market trends, supplier capabilities, and the ability to identify opportunities for consolidation and process improvement.
• Excellent project management skills to oversee multiple sourcing initiatives simultaneously, from supplier identification to onboarding. This involves setting goals and timelines, coordinating cross-functional teams, and ensuring successful implementation.
• Strong interpersonal and communication skills to build relationships with internal stakeholders and suppliers.

The role of Global Sourcing Manager is an essential job for companies that aim to source materials and services worldwide. With 6-9 years of experience in Singapore, qualified professionals can consider various other job opportunities to explore. Here are following alternative roles that match their qualifications:

• Supply Chain Manager: A role focused on optimizing supply chain operations, managing logistics, reducing costs, and enhancing delivery performance.
• Category Manager: A position responsible for developing and implementing category strategies to deliver cost savings, driving value, and managing supplier relationships.
• Operations Manager: A role that leads and directs operational activities, such as production, quality assurance, facility management, and logistics.
• Business Development Manager: A position focused on expanding market penetration, identifying and pursuing new business opportunities, building partnerships, and increasing revenue streams.

The Global Sourcing Manager role in Singapore is projected to experience significant growth in the market. Over the past 10 years, there has been a consistent increase in demand for professionals in this field. With the rise of globalization and outsourcing, the need for skilled sourcing managers has become crucial. According to the latest data from Google, the future looks promising for this job role, with a surge in employment opportunities expected. The projected growth of this position indicates a bright future for individuals looking to pursue a career as a Global Sourcing Manager in Singapore.