Senior Sourcing Manager

TEKsystems•Saint Petersburg, FL

7d•$65 - $65•Hybrid

About The Position

Under limited supervision, uses extensive knowledge and skills obtained through education and experience, leveraging proven sourcing experience, supply market intelligence, thought leadership, strategic thinking, negotiation and contracting and supplier relationship management skills to develop and implement procurement strategies that minimize Total Cost of Ownership while prioritizing stakeholder service. Ensures business requirements are fulfilled, risks are mitigated, and value is optimized across business units. Extensive contact with senior management is required to provide comprehensive solutions to complex problems or needs.

Requirements

8+ years experience in strategic sourcing, procurement, and vendor management
Full sourcing lifecycle from pre-RFP through post purchase/implementation supplier performance reviews
Contract negotiation and vendor management
Experience working with stakeholders to provide recommendations
B.A in Business, Supply Chain, Engineering, or a related field
Leveraged AI and automation tools to enhance procurement efficiency, reduce cycle times, and drive business value.
Knowledge financial markets, their required products and services, and corresponding regulations.

Nice To Haves

Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) from ISM or similar from Chartered Institute of Purchasing and Supply preferred

Responsibilities

Lead procurement (i.e., sourcing and contracting) of one or more specialized category or service areas (Subscription-Based and Professional Services Agreements are preferred).
Identify, develop, and manage strategic business relationships and gain a comprehensive understanding of business requirements, by working closely with stakeholders and team members to develop strategies/plans and during execution.
Manage governance and control programs with respect to select categories to ensure business supply continuity, protect company assets, and comply with corporate and regulatory policies and contractual compliance.
Maintains appropriate technical and industry knowledge for their category(s) under management.
Leads cross functional teams through gathering requirement, category strategy development, strategic sourcing, and supplier negotiation, contracting and on boarding processes.
Participates in joint meetings with internal business clients to assist in procurement forecasting, demand management, requirements development and identification of possible purchasing channels and sources.
Assists internal business clients with developing and reviewing statements of work, service level agreements, contractual terms, and conditions (inclusive of usage, pricing, delivery, acceptance, payment, warranty, etc.
Leads the development, implementation, and alignment of sourcing strategies and supplier network capabilities for specific commodities, services and initiatives that complement and support key business objectives.
Leads, either individually or with team members, sourcing initiatives ranging from (USD)100K-(USD)1M+ in spend from pre-RFP through post purchase/implementation supplier performance reviews.
Understands and applies advanced or innovation-based sourcing strategies including those that require alternate business structures, new technology and/or process changes.
Builds and maintains profiles/overview of key current and potential suppliers in support of Vendor Management.
Negotiates contractual business requirements and Service Level Agreements (SLAs).
Identify, evaluate, and implement AI and automation solutions that streamline procurement processes, improve efficiency, and support business objectives.
Conducts periodic performance reviews with management of key suppliers and business stakeholders across the firm based on an understanding of the Total Cost of Ownership over the lifecycle of both products and services.
Provides market research and overview for third-party supplier/vendor relationships for managed category(s).
Tracks performance to operating plans, budgets, and forecasts.
Responsible for decisions regarding selection, retention, evaluation, and development of the key and diverse suppliers used to provide the goods and services needed by the firm.
Develops and presents recommendations/memorandums of approval of suppliers and/or purchases to executive management.
Assists in training and mentoring of staff members.