Sourcing Manager

U.S. Bank • Minneapolis, MN

7d

About The Position

The Sourcing Manager assists with the development, execution, and maintenance of procurement strategy for large, enterprise professional services and consulting vendors. This role involves advising internal business partners, vendors, and other strategic staff to ensure efficient procurement methods and contract negotiations. The manager negotiates and reviews large, strategic consulting contracts, evaluates suppliers and proposals, and monitors market trends and internal organization priorities. They interact with senior management on various projects, link procurement strategies to overall business strategy, and coordinate projects across business lines. Additionally, the Sourcing Manager implements process improvements, including the use of technology to drive efficiency, manages relationships with key suppliers to achieve optimal outcomes, and ensures clear definitions of benefits from category projects.

Requirements

• Bachelor's degree in business, finance, supply chain management or logistics, or equivalent work experience
• At least one year of related experience

Nice To Haves

• Experience in creation and/or implementation of a category strategy for enterprise-wide expenditures
• Thorough knowledge of category management in areas such as consulting, temporary labor, business process outsourcing
• Ability to manage relationships with large, strategic vendors
• Well-developed critical thinking and analytical skills
• Ability to work effectively with individuals and senior level executives inside and outside the organization
• Excellent verbal and written communication skills

Responsibilities

• Assists with the development, execution and maintenance of procurement strategy for large, enterprise professional services and consulting vendors.
• Advises internal business partners, vendors and other strategic staff to provide the most efficient and effective procurement methods and contract negotiations.
• Negotiates and reviews large, strategic consulting contracts.
• Evaluates suppliers and proposals to ensure organization and customer needs are met.
• Monitors market trends and internal organization priorities.
• Interacts with senior management on short- and long-term projects.
• Effectively links procurement strategies to overall business strategy and coordinates projects across business lines.
• Implements process improvements, including use of technology to drive efficiency.
• Manages relationships with key suppliers to drive optimal outcomes for the organization.
• Ensures clear definitions of benefits from category projects.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• Incentive and recognition programs
• Equity stock purchase
• Pension

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees