VP, Strategic Sourcing

Schumacher Electric•Fort Worth, TX

About The Position

The VP, Strategic Sourcing, is responsible for overseeing the sourcing strategy on a global scale. This position involves leading a team of sourcing professionals, developing sourcing strategies, and establishing supplier relationships to optimize costs, quality, delivery and supply chain efficiency. The VP, Strategic Sourcing, plays a critical role in driving global sourcing initiatives, mitigating supply chain risks, and ensuring compliance with sourcing policies and regulations.

Requirements

Strong understanding of global supply chain dynamics, international trade, and sourcing strategies.
Demonstrated success in negotiating and establishing supplier contracts to optimize costs and quality.
Experience leading and developing high-performing sourcing teams.
Familiarity with sourcing tools and technologies for supplier evaluation and data analysis.
Strategic thinker with the ability to align sourcing efforts with business objectives.
Excellent communication and interpersonal skills for effective collaboration with stakeholders.
Strong analytical and problem-solving abilities to identify opportunities for cost optimization and risk mitigation.
Knowledge of industry regulations, sustainability, and social responsibility practices in sourcing.
Proven ability to drive continuous improvement in sourcing processes and supplier performance.
Strong project management and organizational skills to manage multiple sourcing initiatives.
Ability to work in a fast-paced and dynamic global environment.
Proficiency in using sourcing and procurement software and tools.
Solid understanding of component sourcing.
Willingness to travel domestically and internationally as needed.
Bilingual: English & Spanish/English & Mandarin
Education: bachelor’s degree in business, supply chain management, procurement, or a related field. A master’s degree preferred.
Experience: 10+ years’ proven experience in global sourcing and procurement, including 7+ years in a senior leadership role.
Internal applicants: 6+ months successful demonstration of current position responsibilities, approval from current manager, and a relevant combination of education, continuing education, and experience.
Candidates who do not meet the specified educational or experience requirements but possess equivalent qualifications and relevant experience may be considered for this position. The company will assess candidates on a case-by-case basis to determine their suitability for the role based on their overall qualifications, skills, and demonstrated capabilities. The decision to consider education and experience equivalencies will be at the sole discretion of the hiring team and will comply with applicable laws and regulations.

Nice To Haves

A master’s degree preferred.

Responsibilities

Lead and manage the global sourcing team, including hiring, training, mentoring, and evaluating staff.
Provide regular reports and updates on sourcing performance and key metrics to senior management.
Identify, evaluate, and select global suppliers based on cost, quality, delivery, capacity, reliability, and compliance.
Collaborate with cross-functional teams, including finance, operations, and quality, to align sourcing strategies with business needs and support new product development.
Focus near-term effort on resolving sourcing issues that are impeding customer deliveries.
Analyze global market and economic trends to support sourcing decisions and evaluate supply chain risks including geopolitical, economic, and environmental factors.
Implement sourcing best practices, processes, and tools to drive efficiency and effectiveness.
Evaluate supplier performance and conduct periodic supplier audits to ensure compliance with standards.
Lead supplier relationship management to strengthen partnerships and drive long-term value.
Drive sustainability and social responsibility initiatives in the sourcing and supply chain.
Collaborate with legal teams to ensure compliance and standardization with sourcing contracts and international trade regulations to optimize cost and mitigate risks.
Work with finance to develop and manage sourcing budgets, cost models, and cost reduction initiatives.
Foster a culture consistent with Schumacher’s purpose, core values and strategic anchors.
Regular attendance is an essential function of the job.
Other duties as assigned.