Indirect Sourcing Manager

3 days ago

Hyderabad, India Northern Tool + Equipment, India Full time

Northern Tool + Equipment is seeking a talented Sourcing Managerto develop, implement and oversee strategies for various Indirect Materials & Services. Responsible to reduce annual expenditures in Marketing, Outsourced I/T & Legal Services, Retail Store Construction & Fixtures, Company Insurance & Travel, and other categories determined by company management.

Key Responsibilities:

  • Leads indirect strategic sourcing and implementation of assigned categories in close partnership with functional stakeholder groups. Develops strategies for assigned indirect service categories including new I/T, new store construction. marketing, professional services and other categories.
  • Completes an in-depth spend analysis and spend category segmentation to identify opportunities across all assigned indirect categories. Tracks performance for each spend category and drives progress to meet annual operating plan goals. Establishes historical spend baseline by working collaboratively with other departments like Finance, to extract data from various sources to create a master data set.
  • Maintains and disseminates knowledge and awareness of industry issues, trends, and developments for assigned commodity area. Determines market conditions, initiative objectives, and gather requirements.
  • Strategizes optimal sourcing processes based on savings levers and required timeline. Identifies and qualifies suppliers capable of providing materials and services to meet Company requirements, ensuring productivity, continuous improvement, and negotiated lowest total overall cost.
  • Screens, identifies, and selects qualified potential suppliers based on capability, quality control, and cost competitiveness. Ensures competitive pricing on all sourced components through extensive market analysis and benchmarking.
  • Conducts and manages the entire bid process for complex projects. Leads negotiation strategy development and execution for all indirect categories to achieve year-over-year improvement in the overall cost of operations and services.
  • Negotiates pricing and other commercial terms with qualified suppliers. Manages supplier relationships including negotiating contracts and prices, monitoring supplier performance, selecting/analyzing the supply base, and developing and executing the site supplier strategies and commodity plans.
  • Assesses, manages, and mitigates any corporate risk associated with complex sourcing initiatives. Makes business case recommendations for decision(s) based on quantitative and qualitative evaluation factors.
  • Creates, negotiates, implements, and manages long-term complex purchase agreements with critical suppliers covering all applicable areas. Develops and implements industry best practice sourcing and contract negotiations, including the identification of new sources and programs for indirect materials and services.
  • Implements sourcing solutions, performs contract management and supplier reviews, and updates appropriate stakeholders as needed.
  • Builds effective partnership and collaboration relationships with appropriate business teams & stakeholders to ensure project success.

What you will bring to the table ?

  • Bachelors degree or equivalent in sourcing, merchandising or related field
  • 5+ years of relevant experience in strategic sourcing of indirect materials and services
  • Excellent understanding of indirect procurement process in a corporate, retail or manufacturing environment
  • Knowledge of indirect material categories including but not limited to sales & marketing, new store construction, outsourced I/T and legal services, corporate travel, company insurance programs, and utilities cost management
  • Excellent collaboration along with strong verbal and written communication skills
  • Results-oriented and metrics-driven with experience in: sourcing, cost negotiation, contract negotiation, supplier collaboration, development, and compliance
  • Ability to influence without direct authority, at all levels of an organization
  • Ability to identify and pursue multiple initiatives and projects simultaneously and deliver strong results
  • Ability to thrive in a fast-paced, constantly evolving environment with minimal supervision

Demonstrates Northern Tool + Equipments 12 Core Competencies

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