Strategic Sourcing Manager
Company: Loram Maintenance of Way
Location: Hamel
Posted on: March 19, 2023
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Job Description:
Job Title: Strategic Sourcing Manager, Direct
FLSA Status: Exempt
Department: Supply Chain Services
Reports to: Strategic Sourcing Leader
Flex Work Eligible! This position qualifies for the
Flexible Work Policy. Employees receive 50 work days annually to
work remote!
The initial amount of days is prorated for the first year based on
start
date.
GENERAL DESCRIPTION:
The Strategic Sourcing Manager leads and supports development,
implementation, and management of sourcing strategies that optimize
supplier partnerships, drive performance objectives and provide
optimal flexibility, quality, delivery and lowest TCO. They deliver
value and competitive advantage as measured by customer
satisfaction, project execution, value improvement, innovation, and
risk mitigation. They build relationships with suppliers; plan,
execute and finalize sourcing strategies for product and
manufacturing operations; work closely with stakeholders to
identify and execute potential opportunities that drive value. They
drive strategy development, cost management/reduction targets, and
coordinate sourcing activities to support project initiatives. They
work with teams to create an efficient and innovative partnership
across all functions and levels. They are responsible for $50M-$60M
direct spend.
ESSENTIAL FUNCTIONS:
Operational Excellence
Define and execute a sourcing calendar of initiatives for assigned
categories based on business plans with support from stakeholders,
market conditions and terms of outstanding contracts
Establish collaborative relationships with departments to define
requirements for Indirect products and services with a focus on
fundamental needs balanced with innovation and financial
constraints
Understand and track the key input cost drivers and market factors
for assigned commodities, provide countermeasure concepts,
forecast, and maintain costing and should be cost model
Provide category knowledge and market expertise for assigned spend
and continuously learn new technologies, processes, and industry
best practices that delivers value
Supplier Relationship Management
Drive sourcing value by leveraging market knowledge, supplier
optimization, predictable and industry leading pricing plans,
RF(x)and (TCO) cost modeling through transparent SRM
Create and implement SRM programs that include developing
performance measures and scorecards, tracking and reporting against
performance metrics, conducting timely supplier performance
reviews, and taking corrective and recognition action
Establish SRM strategies to deliver against goals and achieve
sustainable supplier relationships
Apply best in class practices and trends to create forward-thinking
category and SRM strategies, including the implementation of
technology/ analytical tools
Sourcing Process
Execute, leverage, and deploy sourcing levers across all direct
spend to create a competitive advantage
Lead all aspects of supplier negotiations with business partners in
drafting and executing contracts that protect the business
interests and provide best value. Oversee and advise on contract
structure, terms and conditions, and performance-based contracting
with suppliers
Seek opportunities for cost containment and/or improvement. Develop
performance metrics, benchmarks and utilize best practice sourcing
within the direct category portfolio
Lead cross-functional team of department owners and other
stakeholders, through the end-to-end sourcing process
(identification through implementation) and coordinate
engagement
BEHAVIORAL COMPETENCIES:
Global Acumen
Organizational Agility
Intellectual Horsepower
Negotiation Skills
Passion for Results
Action Orientated
REQUIRED QUALIFICATIONS:
Education: Bachelor's Degree in Business, Supply Chain, Finance,
Economics, or related field
Experience:
Minimum 8 years direct sourcing experience in multiple direct
categories: Contracts, Negotiations, Supply Chain Management,
Strategic Sourcing, Globalization, Supplier Development, Project
Management, Market Analysis, Facility Management, Marketing,
SG&A spend, etc.
Minimum 4 years' experience in developing, negotiating, and
implementing various contract types
Strong background working cross functionally with multiple
functions that drive business outcomes
Knowledge, Skills and Abilities:
Robust interpersonal skills, including collaboration and
willingness to make changes based on feedback
Demonstrated ability in building and maintain relationships at all
levels of the organization while managing multiple priorities and
meeting deadlines in a fast-paced environment
Strong verbal and written communication skills including the
ability to generate compelling and powerful PowerPoint
presentations
High attention to detail and proven ability to manage multiple,
competing priorities simultaneously
PREFERRED QUALIFICATIONS:
Masters is a plus. Professional Certification (CPM/CSPM/APICS) is
strongly preferred
General understanding of the lean/Six Sigma practices and
processes
Strong analytical and critical thinking skills. Ability to handle
sudden setbacks. Willingness to operate in a dynamic environment.
Ability to make quick decisions with 80% information.
WORKING CONDITIONS:
The physical demands described here are representative of those
that must be met by an employee to successfully perform the
essential functions of the role. Reasonable accommodations may be
made to enable individuals with disabilities to perform the
essential functions.
Office deskwork, requiring sitting, walking, using phone &
computer
May include up to 20% travel domestically and potential for
international travel
Can tolerate variable and sometimes challenging conditions during
visits or inspections of company equipment in a railroad
environment
Loram is proud to be an Equal Opportunity Employer of
Minorities,
Females, Protected Veterans, and Individuals with Disabilities.
#LI-AB1
#LI-HYBRID
Keywords: Loram Maintenance of Way, Minneapolis , Strategic Sourcing Manager, Executive , Hamel, Minnesota
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