Strategic Sourcing Director
4 weeks ago
Reporting to the CEO, the Director - Strategic Sourcing oversees the review and creation of procurement strategies to maximize efficiency and minimize costs. This role drives supplier performance, manages supplier development, and conducts supplier reviews to build and foster supplier partnerships.
Key Responsibilities:- Evaluate and source potential new suppliers, leading strategic contract negotiations with key suppliers and clarifying supplier obligations for proper contract execution.
- Proactive foresight and industry insight to plan ahead for supply chain issues and risk mitigation.
- Lead the internal business functions through existing supplier performance evaluations and contract reviews.
- Engage in market research, competitive analysis, and identify industry trends to better understand the supplier landscape and conditions that affect supply chain, product availability, forecasts, and/or material pricing.
- Evaluate, develop, and implement sourcing strategies to provide enhanced supplier choice and new product suppliers for industrialization of parts and configuration of new parts.
- Lead supplier selection process, identification of alternative sources, and backup suppliers, and guide complex and/or large-scale RFPs and contract negotiations.
- Maintain the repository of contracts, communicate contract terms, and track expirations for stakeholders.
- Provide ongoing reporting on the status of any critical relationships or pending challenges that could affect planning and impact the Master Schedule, lead times, and/or rate readiness.
- Collaborate with Quality function to proactively perform audits of suppliers, oversee supplier intervention, and conduct inspections.
- Develop and manage the operating budget for the Sourcing organization.
- Seasoned builder of strong relationships across internal functions and externally with industry and supplier network, encouraging collaboration and partnerships.
- Impactful combination of analytical, financial, and technical acumen, and a commanding presence in order to retain a position of strength when communicating with suppliers to influence outcomes.
- Extensive experience negotiating contracts and SLAs with key suppliers, ensuring clarity of costs, terms of supply and delivery, service, performance, and quality in supplier agreements.
- Effective use of project management, change management, and service level management approaches.
- Experience sourcing parts for the aircraft industry, manufacturing, or production environment.
- Degree in Business, Engineering, and/or a technical field or the equivalent combination of education and experience.
- 10+ years of senior-level responsible for sourcing/vendor management in a related industry, working with multiple business stakeholders within a cross-functional matrix environment.
- Additional education/formal training or specialization in procurement management, supply chain logistics, and/or project management will be advantageous.
- Intermediate or advanced level in all MS Office applications including MS Project, PowerPoint, and Excel.
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