Sr. Strategic Sourcing Manager

Senior managers of strategic sourcing develop efficient strategies to identify and implementing sourcing initiatives for their business. They are responsible for analysing the current and upcoming products and services to find new opportunities for sourcing. They also communicate with partners from outside and teams that are cross-functional, and also identify potential issues and address problems in a timely manner. Their primary tools is a personal computer that allows them to connect with colleagues and produce report on sourcing.

The senior strategic sourcing manager is accountable for conducting audits and directing the teams of different functions when conducting audits of sites. Their primary responsibilities include overseeing upgrades and improvements to the supply base for sourcing and directing a team of experts to meet the company's sourcing goals as well as creating and improving strategies for sourcing. Additionally, they make sure that the best solutions are delivered by competitive bidding and efficient negotiations.

An undergraduate degree in Business Administration or in a related field is necessary to be able to perform this job. Experience is generally required, as are the certifications for leadership and industry could be helpful. Senior managers of strategic sourcing must be able to perform well on their own, and also in a group context. They should have solid analytical and interpersonal abilities, and be proficient in basic computer programs like Microsoft Office. Microsoft Office suite.

As an Sr. Strategic Sourcing Manager with 3-6 years of experience in the United Kingdom, your primary responsibilities include:

• Collaborating with cross-functional teams to develop sourcing strategies and identify cost savings opportunities. Work with different departments to create sourcing plans and find ways to reduce costs.
• Managing supplier relationships, negotiating contracts, and ensuring timely delivery of goods or services. Handle relationships with suppliers, negotiate contracts, and ensure timely delivery of goods and services.
• Conducting market research and analysis to identify potential suppliers and evaluate their capabilities. Conduct research to find potential suppliers and analyze their capabilities.
• Developing and implementing supplier performance metrics and monitoring supplier performance.

For an Sr. Strategic Sourcing Manager job role, the following qualifications are required:

• Extensive experience in strategic sourcing and procurement, with a proven track record of successfully managing and optimizing supply chain processes.
• Strong negotiation skills to establish and maintain strategic relationships with suppliers, ensuring favorable terms and conditions for the organization.
• Analytical mindset and ability to leverage data and market intelligence to identify cost-saving opportunities and drive efficiency in the procurement process.
• Leadership abilities to lead and develop a team of sourcing professionals, fostering collaboration and aligning departmental goals with the overall business strategy.

The Sr. Strategic Sourcing Manager plays a crucial role in driving effective procurement strategies. With 3-6 years of experience in the United Kingdom, professionals can explore various alternative roles within the field. Here are following options to consider:

• Category Manager: Responsible for developing and implementing category strategies, optimizing supplier relationships, and driving cost savings through effective purchasing.
• Vendor Relationship Manager: Focuses on managing relationships with key vendors, ensuring contract compliance, negotiating favorable terms, and resolving any issues that may arise.
• Supplier Development Manager: Works closely with suppliers to improve performance, quality, and delivery reliability through collaboration, training, and process improvement initiatives.
• Global Sourcing Analyst: Analyzes market trends, identifies potential suppliers, conducts cost and risk assessments, and supports the development of global sourcing strategies.

The role of Sr. Strategic Sourcing Manager in the United Kingdom is expected to witness significant growth in the market. Over the past 10 years, this job role has experienced a steady increase in demand. According to data from Google, this trend is likely to continue in the future, with a projected growth in employment opportunities. With companies increasingly focusing on procurement efficiency, cost reduction, and supply chain optimization, the need for skilled professionals in strategic sourcing is anticipated to rise. These professionals play a critical role in driving strategic decision-making and ensuring the procurement process aligns with organizational objectives.