Strategic Sourcing Manager
About The Position
The Strategic Sourcing Manager is a foundational role at GMI Solutions, overseeing procurement strategies for existing business and partnering with new business development. This role emphasizes supplier management, cost savings, negotiation of supplier agreements, and inventory management. Collaborating with sales, engineering, quality, manufacturing, and finance groups, the manager will be responsible for price negotiation, optimizing costs and efficiency, ensuring favorable terms, and managing inventory agreements for on-time delivery and quality output. Reporting to the VP of Business Operations, this position requires leveraging procurement expertise and supplier management to meet commercial agreements with the external supply base and ensure the purchasing team achieves procurement objectives. The role demands a proactive, strategic mindset, solid business acumen, and excellent communication skills to convey customer needs to suppliers. The ideal candidate will have a strong background in cost savings/price negotiation, supplier management, procurement best practices, and a proven track record in negotiations and inventory management, with a long-term vision for the purchasing team. This challenging role offers an opportunity to significantly impact organizational growth and success through collaboration and innovation. It involves leading a team of purchasing professionals while also managing a personal category of parts. The individual will analyze current supply chain and procurement strategies, develop improvement plans for supplier management and cost advantages, and lead the team to execute objectives and meet Key Performance Indicators. Collaboration with various internal groups is crucial for sharing strategies and continuous improvement initiatives. Occasional travel for supplier visits may be required. Strong leadership, interpersonal skills, problem-solving ability, quick decision-making, clear communication, and effective time management are essential.
Requirements
- Bachelor’s degree in Supply Chain Management, Business Administration or related field
- Minimum of 7 years of experience in sourcing, procurement or supply chain with focus on leading teams
- Strong communication skills for effective interactions with suppliers, co-workers, and customers
- Excellent multitasking ability with a positive and proactive attitude for program success
- Highly adaptable to changing requirements and proactive in problem-solving
- Demonstrates leadership, supply chain management skills, and exceptional organizational capabilities
- Proficient in MS Office, especially Excel
- Able to work closely with cross-functional teams
- Excellent oral and written communication skills for professional interactions
- Willingness to provide assistance to other projects and departments as needed, utilizing strong supply chain skills
- Open to learning and developing new competencies for personal and organizational growth
- Experience in leading a team of professionals
- Occasional willingness to travel domestically and internationally, as required
Nice To Haves
- Additional certifications in the area of expertise are preferred
Responsibilities
- Overseeing our organization’s procurement strategies for existing business, in addition to partnering with new business development when needed, with heavy emphasis on supplier management, cost savings, negotiation of supplier agreements and inventory management
- Price negotiation, optimizing costs and efficiency, ensuring favorable terms are met, working on inventory agreements along with on-time delivery and quality output
- Leveraging procurement expertise and supplier management to ensure all commercial agreements are met with the external supply base and ensuring that the purchasing team is meeting all procurement objectives
- Leadership of a team of purchasing professionals, along with owning and managing their own category of parts
- Understanding the current GMI supply chain and procuring strategies, developing a plan for improvement on supplier management and cost advantages
- Leading a team of purchasing professionals to execute all objectives and continue to meet the Key Performance Indicators
- Collaborating and sharing procurement and inventory strategies, along with continuous improvement initiatives with the sales, engineering, quality, manufacturing and finance groups
- Strategic planning of the procurement strategies that align with GMI Solutions business objectives
- Supplier management which includes evaluating and ensuring quality and timely deliveries
- Monitoring and owning inventory management levels and supplier agreements
- Leading and mentoring the purchasing team, providing guidance and ensuring KPIs are being met
- Cost savings identification and execution
- Building and maintaining strong relationships with suppliers
- Leading freight supplier management with cost review and reduction
- Lead, define, and implement continuous improvement activities for the Procurement team
- Utilize data analytics for decision-making and process optimization
- Support new business needs when required
- Contribute and support Key Performance Indicators for Procurement
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
1-10 employees
