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Strategic Sourcing Director
2 months ago
About the Role:
The Director of Strategic Sourcing will lead and optimize sourcing, procurement, and vendor management strategies to deliver efficient sourcing programs for the CRJ Program. This role includes negotiating and executing long-term sourcing strategies, managing supplier relationships, and ensuring cost-effective procurement of goods and services.
Key Responsibilities:
- Strategy Development:
- Develop and implement comprehensive sourcing and procurement strategies to align with business objectives and market conditions.
- Supplier Management:
- Identify, evaluate, and manage supplier relationships to ensure favorable terms and compliance with contractual obligations.
- Cost and Risk Management:
- Analyze market trends and conditions to identify cost-saving opportunities and implement strategies to reduce procurement costs.
- Cross-Functional Collaboration:
- Collaborate with other departments to align sourcing strategies and lead cross-functional teams to achieve sourcing and procurement objectives.
- Data Analysis and Reporting:
- Utilize data analytics to inform sourcing decisions and develop metrics and reports to track sourcing performance.
- Team Leadership:
- Lead and mentor a team of sourcing and procurement professionals to foster a culture of continuous improvement and innovation.
- Problem Solving and Creativity:
- Develop new strategic sourcing strategies based on the CRJ Program life cycle and provide guidance on resolving complex contractual and relationship issues with suppliers.
- Decision Making:
- Make high-impact decisions on P&L and cash related to the CRJ Program, exercising high standards of judgment in balancing risk management with supplier focus.
- Work and Partner Relations:
- Interface directly with senior management within Mitsubishi Heavy Industries and external suppliers to foster strong work and interpersonal relationships.
Qualifications:
- Education:
- Minimum university degree in Business, Engineering, Law, or a related field, with an MBA, Law, or Engineering secondary degree or designation preferred.
- Experience:
- 7-10 years of experience in strategic sourcing, procurement, or supply chain management, with at least 3-5 years in a leadership role, and 5-7 years' experience in Procurement or a similar role at the managerial level in Aerospace or a related field.
- Skills:
- Strong negotiation and contract management skills, excellent analytical and problem-solving abilities, proficiency in sourcing and procurement software and tools, strong interpersonal and communication skills, ability to work collaboratively with cross-functional teams, knowledge of industry regulations and standards, and in-depth knowledge of Mitsubishi Heavy Industries functions and strong business acumen.
- Key Competencies:
- Strategic Thinking: Develop and implement long-term sourcing strategies.
- Leadership: Motivate and manage a team effectively.
- Analytical Skills: Analyze data to drive decisions.
- Negotiation Skills: Negotiate favorable terms with suppliers.
