Sr. Sourcing Manager

StradIT•Dallas, TX

About The Position

This role involves reviewing processes and user feedback to identify opportunities for improvement and adaptation of leading practices. The Sr. Sourcing Manager will drive overall program oversight of savings initiatives, including tracking, validation, and reporting of savings. They will execute strategic initiatives and drive operational excellence through process and technology implementation. Analyzing industry trends and procurement technologies to identify opportunities is key. The role also includes accurate procurement budgeting, controlling, and reporting, as well as setting unified process guidelines. Supporting business growth, revenue goals, and transformation objectives through effective Sourcing & Procurement relationships is essential. The position requires utilizing expert industry knowledge and advanced business models for strategy development and structuring internal business relationships. Directing the development and implementation of processes for successful relationship management with business partners and leading a high-performing team are also core responsibilities. Providing expert knowledge for strategic decision-making and informing category leads on business strategy is crucial. The role leads and manages the Source-to-Contract (S2C) process, oversees contract category and supplier management, and manages Statements of Work (SOW) in SAP Fieldglass and Oracle Procurement. Developing negotiation strategies, establishing a governance framework for Strategic Sourcing guidelines in collaboration with Legal and QA, and developing goals for cost management, supplier management (including diversity), and process improvements are key functions. Enabling savings and cost avoidance targets through synergy and economies of scale is a primary objective. The role demands in-depth technical capabilities in third-party management, including sourcing, contract management, procurement, vendor management, spend management, and accounts payable, with the ability to quickly learn new processes and offerings. Providing mentoring, motivating diverse teams, fostering an innovative and inclusive environment, driving high-quality work within expected timeframes and budget, monitoring progress, managing risk, and building client relationships are also expected.

Requirements

Bachelor’s degree in Procurement and Supply Management, or Business Administration, or in a related discipline
10+ years of Strategic Sourcing experience

Nice To Haves

Concentration in Professional Services, including HR, Legal, etc.
Experience working in E-Sourcing tool, Oracle iProcurement.
Experience of working with Vendor Managed Systems (VMS) e.g. (Fieldglass etc.) Oracle
Certified Professional in Supply Management (CPSM) certification preferred.

Responsibilities

Reviews processes and end users’ feedback in order to identify opportunities to adapt leading practices and/or more efficient/effective processes.
Drives overall program oversight of savings initiatives including tracking of savings opportunities, validation of savings achieved, and regular reporting of results to date.
Executes strategic initiatives, and as necessary drive ongoing operational excellence improvement projects across the organization (including process and technology implementation).
Analyzes industry trends and evolving procurement technologies to proactively identify opportunities to adapt leading practices.
Owns the accurate procurement budgeting, controlling and reporting on respective categories, as well as setting up unified process guideline across all related categories.
Supports business’ growth strategy, revenue goals savings, and business transformation objectives through effective Sourcing & Procurement relationships.
Utilizes expert industry knowledge and advanced business models in development of strategies and structuring internal business relationships.
Directs the development and implementation of processes required to ensure successful relationship management with our business partners.
Leads and directs a high performing and motivated professional staff responsible for interfacing with functional/business unit management and Sourcing & Procurement functions.
Provides expert knowledge to support strategic decision-making and inform category leads on business strategy that may impact services strategy.
Provides DTCC with an in-depth overview of strategic sourcing.
Leads and manages the S2C process for DTCC.
Oversees contract category and supplier management.
Manages SOW in SAP Fieldglass and Oracle Procurement.
Develops a negotiation strategy that delivers against business objectives and achieves sustainable relationships with suppliers.
Establishes Strategic Sourcing guidelines governance framework to collaborate with Legal and QA in order to create and maintain Sourcing templates.
Develops goals for cost management, supplier management including supplier diversity, and process improvements.
Enables savings and cost avoidance targets through driving opportunities for synergy and economies of scale.
Demonstrate in-depth technical capabilities and professional knowledge in areas related to third-party management, meaning sourcing, contract management, procurement, vendor management, spend management and accounts payable. Demonstrate ability to quickly learn new processes and uncover new offering that may assist current customer base.
Provide mentoring and motivate diverse client engagement teams by delivering constructive on-the-job coaching to team members, while fostering an innovative and inclusive team-oriented work environment.
Drive high-quality work within expected timeframes and on budget. Monitor progress, manage risk and ensure clients are kept informed about progress and expected outcomes.
Build relationships with client personnel and deliver quality client services. Strive to assist our clients uncover additional areas of opportunity and manage the business development process.