Sr. Sourcing Manager

Job Description

Job Description

ob Description:

• 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.

• Establishes Strategic Sourcing guidelines governance framework to collaborate with Legal and QA in order to create and maintain Sourcing templates.

• 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.

Requirements

Qualifications for Sourcing Managers ( Oracle & FieldGlass)

• Bachelor’s degree in Procurement and Supply Management, or Business Administration, or in a related discipline AND

• 10+ years of Strategic Sourcing experience

Preferred:

• 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

Licenses / Certifications

Certified Professional in Supply Management (CPSM) certification preferred.