Procurement Career Paths

Job Title: Senior Sourcing Manager

Location: [Insert location]

Reports to: [Insert name and title of supervisor]

A senior sourcing manager is responsible for leading the sourcing department and all sourcing activities. They work with others and try to understand their needs and develop sourcing strategies that align with the company’s goals and objectives.

Key Responsibilities: 

• Understand brand objectives and initiatives to source for suppliers that align with company branding.
• Guiding sourcing teams towards sourcing goals and objectives.
• Acting as a role model within the organization to set an example for employees on how to be a sourcing professional.
• Responsible for selecting, training, developing, and managing the performance of sourcing employees and sourcing processes.
• Monitor sourcing processes to ensure timeliness, service, and product quality.
• Coordinating with company stakeholders to ensure the quality of data used for making informed sourcing decisions.
• Coordinate with Supplier Risk Management leaders to identify and avoid or minimize sourcing risks.
• Being a functional administrative leader to the sourcing department and coordinating on making feasible and efficient sourcing strategies with them.
• Developing employee excellence through coaching and development, performance management and evaluations, and recruitment and training of quality personnel.

KPIs for this role

• Supplier Defect Rate: The percentage of products received from vendors that don’t meet quality standards.
• Vendor Rejection Rate: The rate at which vendors are rejected due to subpar quality or other issues.
• Number of Suppliers: Diversity and amount of suppliers for the sourcing needs of the organization.
• Supplier Ratings: Evaluating supplier quality based on performance and compliance with organizational and legal requirements.
• Compliance Rate: The compliance of both parties to legal and company requirements.
• Supplier Availability: The availability of goods and services from suppliers.
• Cost Savings: The reduction in costs through sourcing activities and efficient sourcing processes.
• On-Time Delivery: Percentage of deliveries made on time.
• Spend Analysis: Analysis of spending patterns and trends to optimize sourcing strategies and find cost-saving opportunities.

Key Skills and Qualifications: 

• Bachelor’s Degree in a relevant field.
• 4-8 years of experience in sourcing, procurement, supply chain management, or other related field.
• Strong verbal and written communication skills.
• Management and maintenance of supplier relationships and contracts.
• Strategic sourcing expertise.
• Knowledge of supply chain management and procurement.
• Project management capabilities and leadership skills.

• Understand brand objectives and initiatives to source for suppliers that align with company branding.
• Guiding sourcing teams towards sourcing goals and objectives.
• Acting as a role model within the organization to set an example for employees on how to be a sourcing professional.
• Responsible for selecting, training, developing, and managing the performance of sourcing employees and sourcing processes.
• Monitor sourcing processes to ensure timeliness, service, and product quality.
• Coordinating with company stakeholders to ensure the quality of data used for making informed sourcing decisions.
• Coordinate with Supplier Risk Management leaders to identify and avoid or minimize sourcing risks.
• Being a functional administrative leader to the sourcing department and coordinating on making feasible and efficient sourcing strategies with them.
• Developing employee excellence through coaching and development, performance management and evaluations, and recruitment and training of quality personnel.

• Strategic Sourcing: Analysis of the supply market and using data available to develop strategic sourcing plans and implement them.
• Project Management: Management of multiple sourcing projects and executing them with efficiency from start to finish.
• Category Strategies: Developing and maintaining category strategies and cooperating and coordinating with category managers.
• Supplier Performance: Monitoring and managing supplier performance and enacting quality control activities to ensure supplier quality performance.
• Supplier Relationships: Building and maintaining strong and positive relationships with suppliers.
• Supplier Management: Overseeing global outsourcing, supplier management, contracting, and project management activities.
• Global Sourcing: Procuring goods and services from international markets for company sourcing needs.
• Cost Reduction: Developing and implementing strategies to reduce sourcing costs.
• Strong Analytical Skills: Utilizing data analysis to make informed and data-driven decisions and to streamline sourcing activities.

• Supplier Defect Rate: The percentage of products received from vendors that don’t meet quality standards.
• Vendor Rejection Rate: The rate at which vendors are rejected due to subpar quality or other issues.
• Number of Suppliers: Diversity and amount of suppliers for the sourcing needs of the organization.
• Supplier Ratings: Evaluating supplier quality based on performance and compliance with organizational and legal requirements.
• Compliance Rate: The compliance of both parties to legal and company requirements.
• Supplier Availability: The availability of goods and services from suppliers.
• Cost Savings: The reduction in costs through sourcing activities and efficient sourcing processes.
• On-Time Delivery: Percentage of deliveries made on time.
• Spend Analysis: Analysis of spending patterns and trends to optimize sourcing strategies and find cost-saving opportunities.