Procurement Career Paths

Job Title: Sourcing Director

Location: [Insert location]

Reports to: [Insert name and title of supervisor]

A sourcing director’s job is to oversee and guide sourcing activities, processes, and procedures. They handle the company’s end-to-end sourcing operations and improve sourcing activities to be more efficient and effective.

Key Responsibilities: 

• Manage the organization’s supply portfolio and finances and ensure transparency in spending.
• Create and implement efficient and effective sourcing strategies and processes.
• Analyze and calculate sourcing costs and find ways to save costs.
• Develop negotiation strategies that can secure the best deals at the lowest costs.
• Find ways to optimize sourcing procedures and practices.
• Cooperate and collaborate with stakeholders to agree on terms and processes.
• Research and anticipate the negotiating powers of suppliers.
• Identify possible sourcing risks and avoid or minimize them.
• Discover and start partnerships with trustworthy vendors and build positive long-lasting relationships with them.
• Determine delivery data like quantity and timing and oversee delivery processes.

KPIs for this role

• Innovation: Encouraging creative and innovative approaches or initiatives to sourcing and procurement processes.
• Contract Management: Efficient negotiation and management of contracts with suppliers and vendors.
• Communication Skills: Effective verbal and written communication.
• Analysis: Using data analysis to make data-driven decisions and further optimize sourcing strategies.
• Vendor Management: Creating and maintaining strong supplier relationships to ensure reliability and product and service quality.
• Compliance: Ensuring compliance to legal and company requirements in the execution of sourcing activities.
• Technical Skills: Has the knowledge or the willingness to learn about sourcing software and tools.
• Project Management: Management of sourcing projects and the efficiency of finishing said projects.
• Purchasing: Acquiring goods and services at the lowest possible cost without sacrificing service and product quality.
• Forecasting: Forecast future sourcing needs and trends to develop strategic sourcing plans.

Key Skills and Qualifications: 

• Bachelor’s or Master’s Degree in supply chain management, logistics, business administration, or other related field.
• Proven work experience as a Sourcing Manager or Procurement Manager of at least 5-10 years.
• Advantageous to have a Certified Professional in Supply Management (CPSM) certification.
• Familiarity with sourcing, vendor management, and relevant software and tools used for sourcing upkeep and efficiency.
• Understanding of market dynamics, market trends, and other data to make sound business judgments.
• Strong project management and leadership skills.
• Ability to negotiate effectively and sustain positive networking relationships.
• Proficient in collecting, analyzing, and interpreting data.
• Has excellent decision-making skills that are driven by data and logic.

• Manage the organization’s supply portfolio and finances and ensure transparency in spending.
• Create and implement efficient and effective sourcing strategies and processes.
• Analyze and calculate sourcing costs and find ways to save costs.
• Develop negotiation strategies that can secure the best deals at the lowest costs.
• Find ways to optimize sourcing procedures and practices.
• Cooperate and collaborate with stakeholders to agree on terms and processes.
• Research and anticipate the negotiating powers of suppliers.
• Identify possible sourcing risks and avoid or minimize them.
• Discover and start partnerships with trustworthy vendors and build positive long-lasting relationships with them.
• Determine delivery data like quantity and timing and oversee delivery processes.

• Supply Chain: Manage the flow of goods from suppliers to warehouses so that they remain efficient and as cost-effective as possible.
• Strategic Sourcing: Develop competitive advantages through implementing efficient sourcing strategies, developing positive supplier alliances, and ensuring effective procurement methods.
• Continuous Improvement: Continuously finding ways to improve sourcing processes and procedures.
• Supplier Performance: Management and evaluation of supplier quality performance while ensuring they meet supply chain requirements.
• Project Management: Management of multiple tasks and projects efficiently, on time, and according to priority and urgency.
• Logistics: The efficient management of goods and services concerning delivery and generally getting from one place to another.
• Contract Management: Negotiation and management of contracts with suppliers and vendors.
• HR: Understanding the human resources aspects of sourcing activities and ensuring that no HR violations are breached.
• Cost Reduction: Developing and implementing strategies to reduce costs in sourcing activities.

• Innovation: Encouraging creative and innovative approaches or initiatives to sourcing and procurement processes.
• Contract Management: Efficient negotiation and management of contracts with suppliers and vendors.
• Communication Skills: Effective verbal and written communication.
• Analysis: Using data analysis to make data-driven decisions and further optimize sourcing strategies.
• Vendor Management: Creating and maintaining strong supplier relationships to ensure reliability and product and service quality.
• Compliance: Ensuring compliance to legal and company requirements in the execution of sourcing activities.
• Technical Skills: Has the knowledge or the willingness to learn about sourcing software and tools.
• Project Management: Management of sourcing projects and the efficiency of finishing said projects.
• Purchasing: Acquiring goods and services at the lowest possible cost without sacrificing service and product quality.
• Forecasting: Forecast future sourcing needs and trends to develop strategic sourcing plans.