Sourcing Jobs – The Ultimate Guide for 2022
Sourcing Jobs – A Profitable Career in 2022?
Even with the pandemic raging on, a sourcing manager is, and will always be, needed by the company. Well, not just the sourcing manager, but the whole department!
Thanks to the wonders of the Internet and the availability of incredibly fast Internet connections provided in every city and home, even a remote worker may find it easy to search online for “sourcing jobs near me.” But before you suddenly jump in and begin your search, we need to define the many types of sourcing jobs that you’ll encounter.
Below are some of the most common sourcing jobs that you can find:
Perhaps the entry-level position for every sourcing job, the sourcing analyst works closely with the procurement manager and the strategic sourcing manager. He/She is usually in charge of getting in touch with colleagues in finance, legal, IT research and development, and customer success.
The go-to person for initiating and managing procurement projects, the sourcing manager will be working closely with vendors and internal teams to make sure that the procurement process goes smoothly. Other titles for the sourcing manager include sourcing coordinator and sourcing engineer.
Strategic Sourcing Manager
The strategic sourcing manager is in charge of the more important and high-value purchases. Becoming a strategic sourcing manager requires an analytical mind and tactical spending. The sourcing manager is a role that is usually present in bigger companies
Hi there! My name is Marijn Overvest, I'm the founder of Procurement Tactics.
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Sourcing Jobs – How to Get Hired?
I bet your number one question right now is how to get find those procurement jobs and how to get hired too.
Well, that’s very easy; all you have to do is check out our Negotiation Gamechanger Certificate Program, get yourself signed up and we’ll teach you everything that you need to know.
Okay, that sounds incredibly easy, right? That’s just a little joke from us to you, our dear readers.
So how do you find these vacant procurement job positions? And what are the details and qualifications that you need to have to get the job? Well here are five very easy steps to do that:
1. The Internet is your Friend
The first thing you should do is open your browser, get on your keyboard and start typing “best procurement jobs near me.” In a few minutes, you’ll most likely get thousands of search results for new and outgoing hirings for procurement managers and specialists.
For those who are in locations where it is next to impossible to get an Internet connection, then newspapers are your sources for job vacancies.
Another good tip would be to subscribe to websites that help people find and get jobs. Don’t forget to subscribe with your email; you should receive newsletters about the latest employment opportunities every week or month. Take advantage of these and you should get hired in no time at all.
2. Check for Educational Qualifications
The next thing to check is your qualifications. Do you have the necessary skills necessary to do the job efficiently and without issues?
And for you to have those skills, your educational qualifications should also fit the job you’re trying to apply for.
For most entry-level procurement jobs, graduates with business, finance, or economics degrees are almost always welcome to apply. For managerial and executive-level positions, such as the strategic sourcing manager, director of procurement, and CPO positions, you need to have an advanced degree to cut.
Also, an executive-level position requires an applicant to have 20 years of working experience. Thus consider this before applying for the said job.
3. Check your Skillset
While there are many procurement jobs available, it is also understandable that it is not for everyone. To check if you are qualified, your skills will also be assessed.
Below are some of the skills that are necessary to rise from procurement analyst all the way to CPO:
- Contract and Report Analysis
- Experience in technology, such as reporting systems, communication software, and enterprise resource planning systems
- Vendor performing tracking and communication
- Time management
- Attention to detail
- Leadership; the ability to influence your team members
- Compromise and collaboration
- ROI Calculations
- Data Analytics
- Contract Negotiation and Execution
- A strong business judgment and financial impact assessment
- A global perspective and knowledge of interdepartmental dependencies
4. Prepare a Professional Resume
During my time as a procurement manager, I’ve met a lot of potential applicants applying for entry-level procurement jobs. At first, they were completely confident that they’ll get hired. Unfortunately, most of the people I’ve met failed to get the job all because they submitted a poorly made resume.
If you’re going to apply for a serious position like a procurement analyst or manager, then please submit a professionally made resume. Don’t just grab a piece of paper and smack everything great about yourself; make sure that each print corresponds to the right years of experience when it comes to your job.
Also, don’t try to lie in your resume because a company can do a background check on you. If the information is proven wrong, then say goodbye to working in the procurement department.
Also, don’t forget to include a cover letter. A cover letter is a good indication of your negotiation skills. This is where you’ll need to influence the hiring manager to give you a shot, so by all means, make sure that your cover letter is impressive!
5. Dress for the Occasion
We might be going remote right now because of the pandemic but nothing turns off an employer when their potential employee shows up online in a baggy T-shirt and shorts.
Even if the interview is going to be online, you need to dress up the part as well. The procurement manager must appear convincing and professional, thus a sharp suit or business formal attire should do well to make you appear like a true professional. If you need to wear a tie, then do so too!
Sourcing Jobs Salary Rate
At last, we’ve come to the part where everyone is always very excited. This is where we talk about how much do sourcing jobs fare in terms of salary rate.
Despite the economic crunch brought by the COVID 19 pandemic, both procurement and sourcing remain strong industries that bring in the biggest salary rates for last year. This means it’s a very profitable move to start or consider a career in procurement or sourcing.
For the Sourcing Specialists, these guys make a whopping $63,365 per year. The highest salary rate comes at $87,525 per year, with the runner-up coming in closely at $76,368 per year. That is already considered a lot of money for those who are interested in making a career move to sourcing jobs.
What are sourcing jobs?
Sourcing jobs are different types of jobs that have something to do with sourcing.
Are sourcing jobs good for this year?
Yes. Despite the COVID pandemic, the procurement industry remains strong, thus sourcing also remains strong.
How can I get a sourcing job?
You can try your luck applying for sourcing jobs online.
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