Director – Strategic Sourcing

Director – Strategic Sourcing

Requirements

• Bachelor’s degree in Business, Supply Chain Management, or a related field. Master’s degree preferred. Background in business consulting is a plus.
• 10+ years of experience in strategic sourcing and procurement, with a proven track record in a leadership role in the Sourcing & Procurement subject area.
• Strong understanding of strategic sourcing methodologies, contract negotiations, supplier management, and cost optimization techniques.
• Excellent leadership, communication, and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and executive leadership.
• Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
• Experience with procurement software and tools, as well as advanced Excel skills (COUPA, SCOUT, SAP, Oracle, Ariba, etc.)
• Ability to thrive in a fast-paced, dynamic environment, managing multiple priorities simultaneously.

Responsibilities

• Lead the execution of strategic sourcing strategies to optimize the procurement of goods and services in line with company objectives. This includes identifying opportunities for cost reduction, risk mitigation, and driving efficiency.
• Create proactive sourcing plans by working closely with functional groups to understand their long-term needs and incorporate those insights into your sourcing operational strategy.
• Develop, implement, and oversee key performance indicators (KPIs) for sourcing activities and establishing a robust governance model to drive performance, mitigate risks, and continuously improve sourcing outcomes.
• Identify and implement cost-saving initiatives through strategic sourcing decisions, process improvements, and supplier negotiations. Develop and track KPIs to measure savings and supplier performance.
• Lead contract negotiations, ensuring favorable terms and conditions, including pricing, delivery schedules, and service level agreements (SLAs). Ensure that all contracts comply with company policies and legal requirements.
• Partner with key stakeholders across various departments (e.g., finance, operations, legal, engineering etc.) to align sourcing strategies with organizational needs and goals.
• Lead, mentor, and develop a high-performing sourcing team, fostering a culture of collaboration, continuous improvement, and accountability.
• Build and maintain strong relationships with key suppliers, ensuring they meet performance expectations, quality standards, and contractual agreements. Act as the primary point of contact for critical supplier issues.
• Conduct market research and competitive analysis to identify potential suppliers, assess market trends, and make informed sourcing decisions. Lead supplier selection processes, ensuring alignment with company needs and objectives.
• Proactively assess and manage risks, including Security, quality issues, and supplier delivery related risks. Develop contingency plans and work to ensure business continuity.
• Regularly update senior leadership on sourcing strategy progress, savings, supplier performance, and market trends. Provide clear and actionable insights based on sourcing data.
• Ensure that all sourcing activities adhere to ethical standards, legal requirements, and corporate social responsibility initiatives. Promote sustainability and diversity in the supply chain where applicable.

Preferred Qualifications

• Professional certifications such as CSCP (Certified Supply Chain Professional), CPSM (Certified Professional in Supply Management) or CPIM (Certified in Production and Inventory Management) are a plus.
• Experience in SaaS industry leading a sourcing function.