Strategic Sourcing Manager - Tempe
18 hours ago
Job description
Role:
Strategic Sourcing Manager
Client:
MUFG Union Bank
Location:
Tempe, AZ OR Tampa, FL
Duration: 6+ month Contract
Job Summary:
The Strategic Sourcing Manager is responsible for several key areas focused on
(1) the development and execution of comprehensive sourcing and category strategies and
(2) the successful execution of those strategies to drive greater efficiency, value, and quality across the organization.
In support of this work, this position is also responsible for building sustained value-based relationships with stakeholders and suppliers, providing subject matter expertise, strategic guidance, and leadership in contract negotiations to achieve defined business objectives.
Develop, instill, and demonstrate sustained performance through effective performance management/reporting, compliance, issue/escalation management, and continuous improvement routines, which are critical for success in this role.
The primary objective of this position is to efficiently save the Bank money while maintaining an acceptable level of risk and sustaining value-based interdepartmental relationships.
Strategic Sourcing Strategy Development & Execution:
Develop a comprehensive strategic sourcing strategy for various lines of business in alignment with defined business objectives and overall corporate objectives
Lead the end-to-end sourcing process and facilitate analysis and collaboration of a cross-functional team, leveraging market/industry insights to make strategic recommendations.
Develop negotiation strategy and lead negotiations to maximize total value and minimize risk.Achieve cost savings and customer satisfaction targets
RFx/Contract management
Lead and execute on commodity/category/supplier strategy to deliver maximum value.
Understand business partner's objectives and business drivers, and integrate into the commodity/category/supplier strategy with input from key stakeholders.
Stakeholder / Supplier Relationship Management & Integration:
Build and maintain value-measured relationships with key stakeholders to drive sustained results while ensuring strategies remain in alignment with business goals
Conduct regular business reviews with key suppliers to ensure compliance with contract deliverables
Market Research & Analysis
Provide full and accurate category "market intelligence" by leading and performing in-depth analysis, understanding market drivers, and cost structures across the category .
levelMaintain industry and market awareness trends through research and networking.
Create commodity or supplier-specific sourcing strategies to optimize the supply base, diversity spending, and total cost of ownership.
Education, Licensure, Year of Experience (and type of work experience):
Bachelor's Degree and typically 10 plus years of relevant experience
MBA or advanced degree in a related discipline preferred
Strong leadership, management, planning, organizational, analytical, and continuous improvement skills
Management and supervisory skills, including team building, influencing, motivating, developing, and managing onsite and offsite staff
Provide oversight, coaching, and mentoring to other sourcing managers within the organization.
Interaction with the Executive Committee members of the company
Experience influencing cross-functional leaders in a large organization, some of whom may have different priorities and goals
Proven ability to produce results that impact a broad portfolio of spend or change across the organization
Ownership of delegated authority from the sourcing leadership team for decision-making and/or strategic planning
Experience managing a budget, workload, headcount, and team
Strong business acumen, ability to provide strategic vision, tactical planning, sound judgment, prudent recommendations, balance risks, solve complex issues, overcome obstacles and challenging circumstances, results-oriented, negotiate win-win, and produce positive decisions and outcomes
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