Sourcing Executive
1 week ago
Job Description: Sourcing Executive/Manager Market Research and Strategy
Overview: As a Sourcing Manager at our chemical distribution firm, you'll lead global sourcing efforts for principles, ensuring efficient operations and strategic supplier engagement. Your role involves identifying new suppliers, conducting market analysis, and driving initiatives to support organizational growth.
Key Responsibilities:
- Global Principle Sourcing:
Drive global sourcing initiatives for chemical products. Identify potential suppliers, assess capabilities, and ensure alignment with company standards and requirements. - New Supplier Development:
Proactively scout and evaluate new suppliers based on quality, pricing, lead times, compliance, and long-term partnership potential. - Market Intelligence:
Conduct in-depth market research to understand current and future trends, raw material pricing, and global supply-demand dynamics. - Supplier Relationship Management:
Build and maintain strong, collaborative relationships with key suppliers to ensure consistency, innovation, and supply chain agility. - Contract Negotiation:
Negotiate favorable commercial terms, ensuring optimal pricing, delivery timelines, and service agreements. - Risk Mitigation:
Identify potential supply chain risks and develop strategies to minimize disruptions and ensure business continuity. - Cross-functional Collaboration:
Work closely with business development, technical, sales, and logistics teams to ensure sourcing strategies are aligned with business goals and customer expectations. - Procurement Data Analysis:
Analyze procurement and spend data to drive informed decisions, identify savings opportunities, and improve sourcing strategies.
Policy Development:
Design and implement robust sourcing and vendor selection policies, including geographic and demographic criteria to ensure optimal supply partner
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