Procurement Career Paths

Job Title: Global Sourcing Manager

Location: [Insert location]

Reports to: [Insert name and title of supervisor]

A global sourcing manager is responsible for procurement processes and procedures globally. They are responsible for managing the sourcing of goods and services and reducing costs among other things.

Key Responsibilities: 

• Consistently evaluate global procurement strategies and plans to meet economic conditions.
• Maintain a working knowledge of global software, IT Professional Services, and industry best practices.
• Develop cost-out savings programs yearly and implement business strategies that keep the company growing and add to its financial advantages.
• Find ways to optimize sourcing and procurement.
• Find and make partnerships with global suppliers that qualify for company and legal requirements while being market-competitive.
• Monitors and ensures the efficient and effective operation of international procurement processes and procedures.
• Identify and take up cost-saving opportunities.
• Add input and support global strategic sourcing activities.
• Ensure that vendor selection complies with strategic agreements.
• Manage P2P workflow process related to PR/PO cycle time.

KPIs for this role

• Number of Suppliers: Track the dependency level on various suppliers and diversify sourcing options whenever necessary.
• Compliance Rate: Verifies if suppliers meet legal and company requirements.
• Supplier Quality Rating: Rating of supplier quality based on their efficiency and compliance with contract requirements.
• Supplier Availability: The supplier’s ability to meet demand, their availability in communication, and their overall presence when it comes to company needs.
• Supplier Defect Rate: Rate of defects or any substandard products from suppliers.
• Purchase Order Cycle Time: Average time taken from requisition to delivery.
• Emergency Purchase Ratio: Number of emergency purchases.
• Purchases in Budget and Time: Not going beyond budget and being on time throughout procurement processes.
• Cost of Purchase Order: Average cost of a purchase order.
• Procurement Cost Reduction: Cost-saving decisions and practices that reduce the overall cost of procurement practices and procedures.

Key Skills and Qualifications: 

• Bachelor’s Degree in a related field.
• A minimum of 4-8 years of procurement experience.
• Working knowledge of contracts and procurement legal requirements in various locations.
• Prior supervisory experience is needed.
• Strong communication/interpersonal skills with the ability to work effectively with different persons and/or groups.
• A wide range of knowledge when it comes to procurement processes and procedures.
  
• Proficient in MS Office.

• Consistently evaluate global procurement strategies and plans to meet economic conditions.
• Maintain a working knowledge of global software, IT Professional Services, and industry best practices.
• Develop cost-out savings programs yearly and implement business strategies that keep the company growing and add to its financial advantages.
• Find ways to optimize sourcing and procurement.
• Find and make partnerships with global suppliers that qualify for company and legal requirements while being market-competitive.
• Monitors and ensures the efficient and effective operation of international procurement processes and procedures.
• Identify and take up cost-saving opportunities.
• Add input and support global strategic sourcing activities.
• Ensure that vendor selection complies with strategic agreements.
• Manage P2P workflow process related to PR/PO cycle time.

• Strategic Thinking: Ability to create and implement global procurement strategies that align with business goals.
• Negotiation Skills: Securing advantageous and cost-efficient terms with suppliers.
• Supplier Relationship Management: Management and maintenance of supplier relationships.
• Global Sourcing Knowledge: Up-to-date knowledge and understanding of global sourcing practices and market dynamics.
• Contract Management: Proficiency in contract negotiation, drafting, and management.
• Cost Management: Identify cost-saving opportunities, and implement cost-effective procurement strategies, and other ways to keep costs down while keeping quality up to par with company standards.
• Risk Management: Assessing and identifying risks in global procurement processes and avoiding or minimizing them.
• Cross-Cultural Communication: Effective communication skills to work with various and diverse persons and teams.
• Supply Chain Management: Working knowledge of supply chain principles and logistics for the maintenance of supply chain processes and activities.
• Data Analysis: Excellent data analysis for the making of informed procurement decisions.
• Leadership: Ability to lead and manage a global procurement team to achieve organizational goals.

• Number of Suppliers: Track the dependency level on various suppliers and diversify sourcing options whenever necessary.
• Compliance Rate: Verifies if suppliers meet legal and company requirements.
• Supplier Quality Rating: Rating of supplier quality based on their efficiency and compliance with contract requirements.
• Supplier Availability: The supplier’s ability to meet demand, their availability in communication, and their overall presence when it comes to company needs.
• Supplier Defect Rate: Rate of defects or any substandard products from suppliers.
• Purchase Order Cycle Time: Average time taken from requisition to delivery.
• Emergency Purchase Ratio: Number of emergency purchases.
• Purchases in Budget and Time: Not going beyond budget and being on time throughout procurement processes.
• Cost of Purchase Order: Average cost of a purchase order.
• Procurement Cost Reduction: Cost-saving decisions and practices that reduce the overall cost of procurement practices and procedures.