Strategic Sourcing Manager

Strategic Sourcing Manager

Requirements

• 5+ years in strategic sourcing and vendor management
• Proven experience and knowledge in strategic sourcing, procurement, risk management and contract negotiation
• Experience building and managing a strategic sourcing/vendor management program
• Excellent interpersonal skills and communication skills in order to influence and guide decisions across multiple cross functional teams
• Proven project management skills with analytical and problem solving abilities to identify business drivers and develop and implement strategies.

Responsibilities

• Support and refine Marqeta’s strategic sourcing and vendor management vision, processes, and tools.
• Provide strategic guidance and support in procurement/strategic sourcing activities, including contract negotiation, administration, amendment and cancellation, and coordinating activities with the legal, compliance, security, and finance teams, as appropriate.
• Establish and monitor performance metrics relating to the strategic sourcing/procurement program and vendor performance, address any areas of concern, and promptly escalate critical issues to senior management.
• Continuously identify and drive opportunities to optimize strategic sourcing and vendor management processes without compromising quality, risk management, or service levels.
• Conduct savings analyses and modeling to prioritize procurement savings opportunities, build recommendations, and track savings achieved as a result of strategic sourcing initiatives.
• Identify and assess potential risks associated with vendor relationships and implement risk mitigation strategies and contingency plans.
• Serve as a point of contact for vendor communications, negotiations, and conflict resolution. Coordinate with internal teams to provide support and guidance on vendor-related matters and oversee the resolution of any issues.
• Lead and manage RFP processes with key business owners from start to finish, identifying and vetting potential vendor partners, performing market research and benchmarking, and managing bidding.
• Coordinate stakeholder engagement and reinforce a sense of purpose in relation to strategic sourcing/vendor management initiatives.
• Maintain strong working relationships with internal and external stakeholders to ensure cost, quality, and delivery targets are met.
• Support the monitoring of vendor compliance with industry regulations and company policies.
• Support the company’s sustainability and business continuity through active sourcing of suitable vendors.

Preferred Qualifications

No preferred qualifications provided.