Global Strategic Sourcing Manager

Job Overview:

As a Strategic Sourcing Manager, you will play a crucial role in managing and executing category strategies that are developed by Global Strategic Sourcing to support Fortrea's strategic imperatives and mission. You will position the Global Procurement Services organization as a trusted strategic partner across the enterprise.

Summary of Responsibilities:

• Support the development, management, and execution of category strategies to support Fortrea's strategic imperatives and mission. This may include taking on direct responsibility for the development of category strategies of less complexity, criticality and or annual spend.
• Partners with functional stakeholders across the enterprise to ensure efficient and effective category strategies, preferred suppliers, and competitive supplier evaluation activities are properly managed.
• Support or lead stakeholder teams on strategic sourcing initiatives, ensuring benefit realization and value creation.
• Support global strategic sourcing team members with the competitive bidding proposal development, supplier and stakeholder facilitation, analysis and recommendations.
• Support global strategic sourcing team members with the supplier onboarding process including ensuring that applicable supplier risk assessments are completed on a timely basis.
• Support or lead supplier pricing and/or contract negotiations for suppliers in designated categories.
• Support resolution of business stakeholders and/or supplier escalation on supplier performance, contract or payment issues.
• Conduct regular contract review meetings with suppliers and key stakeholders to ensure performance meets expectations.
• Cultivate a strong team environment and service culture to deliver timely and quality services.
• Support the end-to-end Source to Contract process for assigned categories, ensuring compliance and regulatory reporting.
• Verify the relevance of sourcing strategies by consulting with business leaders and outside parties or data sources to understand market trends.
• Develop, monitor, and analyze procurement metrics and spend analytics.
• Conduct market research and analysis to identify potential suppliers and negotiate favorable terms.
• Ensure compliance with company policies, industry regulations, and ethical procurement practices.
• Support a robust supplier evaluation framework and identify opportunities for supplier development.
• Deliver savings and value targets across multiple dimensions, including material deflation and cost optimization.

Minimum Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, or Life Sciences
• A deep knowledge of sourcing processes, market trends, benchmarks, and best practices across categories under management
• Strong knowledge of category strategy, management and sourcing, methodologies, and best practices
• Attention to detail and accuracy in analysis
• Ability to make recommendations and commit to completion dates
• Ability to troubleshoot issues of medium complexity
• Microsoft Office365 (Word, Excel, PowerPoint, Outlook, Teams, SharePoint)

Preferred Qualifications:

• Fortrea may consider relevant and equivalent experience in lieu of educational requirements.
• A related advanced degree.
• C.P.M. or APICS Certification.

Experience (Minimum Required):

• 7-10 years of experience in procurement or strategic clinical sourcing roles or allied fields.
• Strong negotiation, communication, and project management skills.
• Ability to work autonomously and operate with significant autonomy.
• Proficiency in procurement software and data analysis tools.
• Proven analytical skills and demonstrated ability to solve complex problems to drive value.
• Strong business and financial acumen and strong strategic and conceptual skills.
• Language Skills Required: English fluent speaking, writing and reading.
• Demonstrated excellent written and verbal communication skills.
• Demonstrated organizational, time management, and multi-tasking skills.
• Working knowledge of data analysis and forecasting tools and ability to develop actionable insights from data.
• Interpersonal skills and ability to build, develop and maintain trusted relationships both internally and externally.

Physical Demands / Work Environment:

• Office-Based (Hybrid), at the discretion of the line manager.
• Requires working with frequent interruptions and changes.
• High degree of global participation within peer groups via Teams and conference call assignments.
• Strong ability to work unsupervised yet still managing priorities of regional and global assignments in a fast-paced, deadline-driven environment.
• Overtime may be required.
• Requires working with frequent interruptions and changes.

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