Strategic Sourcing Manager

Job Title: Manager, Strategic Sourcing

FLSA Status: Exempt

Department: Supply Chain Services

Reports to: Director of Supply Chain

GENERAL DESCRIPTION / PURPOSE:

The Strategic Sourcing Manager will develop and execute a best-in-class strategic sourcing function to leverage market knowledge, drive effective supplier negotiations and optimization, while developing predictable and industry leading commodity plans, to advance total cost of ownership (TCO) cost modeling while reducing supplier risks. This role will be a hands-on leader with a team that will be able to independently develop sourcing strategy and conduct sourcing initiatives for a variety of direct and indirect categories for a heavy manufacturing and service organization. Additional focus on optimization of internal sourcing processes, workflows and interfaces to reduce time of delivery and costs in support of corporate objectives. This dynamic leader will be expected to deliver value and competitive advantage to the business as measured by customer satisfaction, project execution, value improvement, innovation, and other areas such as risk mitigation, where applicable.

ESSENTIAL JOB FUNCTIONS: Leadership & Talent Development of Strategic Sourcing Function

• Design and execute an end-to-end roadmap for Strategic Sourcing on direct/indirect spend for major commodities including opportunity analysis, strategy development, evaluation, and SRM for Loram.
• Lead a team of Sourcing professionals to achieve clear, high attainable standards and goals including year over year cost reductions while ensuring compliance with company legal and risk guidelines.
• Develop, execute, and maintain strategic sourcing related policies and enforce compliance of policies.
• Establish mutual KPI goals with functional leaders that align strategic sourcing goals to business needs.

Operational Excellence

• Develop, execute, and maintain the annual strategic sourcing plans including preparation of supply and demand profiles, and measurement of department performance against standards and benchmarks.
• Align Loram practices with best-in-class Strategic Sourcing standards. Lead critical sourcing events and strategic sourcing projects to deliver value to Loram.
• Identify and achieve year-over-year cost reduction strategies by leveraging market knowledge, industry trends, supplier optimization, predictable pricing, and TCO modeling (price, cost, demand & value).
• Influence relevant business functional decisions throughout the company to achieve the highest level of contribution to profit, growth, and competitive advantage utilizing leading Sourcing principles.

Sourcing Process

• Execute, leverage, and deploy sourcing levers across all spend categories to create a competitive advantage for Loram and deliver innovative business solutions.
• Lead all aspects of supplier negotiations with internal business partners to draft and execute contracts that protect the business interests of Loram, while providing the best overall value.
• Oversee and advise on contract structure, Terms and Conditions, and performance-based contracting with Suppliers.
• Implement joint process improvement programs with strategic suppliers by assessing the success of current processes and programs; and identifies opportunities for improvement.
• Influence suppliers' manufacturing processes, technology decisions, and policies in ways that are mutually beneficial and sustainable for both organizations by leveraging the growth of Loram’s spend.

REQUIRED QUALIFICATIONS:

Education: Bachelor’s Degree in business, Supply Chain, Engineering, Finance, Economics, or related field.

Experience:

• Minimum 8 years’ experience in increasingly broader procurement/sourcing roles.
• Minimum 7 years’ leadership within a Procurement/Sourcing function.
• Experience developing and leading Strategic Sourcing functional strategies.

Knowledge, Skills and Abilities:

• Demonstrated skill in developing and executing SRM and leading complex negotiations to successful outcomes.
• Ability to work with all levels in organization including legal counsel to negotiate contract terms and conditions.
• Strong interpersonal and leadership skills including the ability to influence all levels of internal and external organizations through effective communication, presentation, and persuasive positioning.
• A proven track record of cost reduction and productivity improvements; ability to motivate and drive change while building solid relationships with internal clients and external Suppliers.

PREFERRED QUALIFICATIONS:

• Masters is a plus. Professional Certification (CPM/CSPM/APICS) is strongly preferred.
• Highly proficient in all Microsoft applications, including advanced PowerPoint skill (Building high quality decks), general ERP systems (IFS), Six Sigma and or LEAN certified.
• Confident problem solver with quick decision-making capability and conflict resolution skills, self-motivated, proactive individual who will constantly seek improvement opportunities.

WORKING CONDITIONS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Office deskwork, requiring sitting, walking, using phone & computer.
• May include up to 20%-30% travel domestically and potential for international travel.
• Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment.

Equal Opportunity Employer:

Loram is an Equal Opportunity Employer committed to fostering an inclusive, diverse, and respectful workplace. We make all employment decisions based on qualifications, merit, and business need, without regard to race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, national origin, veteran status, or any other characteristic protected by applicable laws in the countries where we operate, including the Equality Act 2010 in the UK, relevant U.S. federal, state, and local laws, Brazil’s anti-discrimination provisions under the Consolidation of Labor Laws (CLT) and Federal Constitution, India’s Equal Remuneration Act and Rights of Persons with Disabilities Act, Australia’s Fair Work Act 2009 and applicable state and territory legislation, and Canada’s human rights protections under the Canadian Human Rights Act and applicable provincial or territorial laws.

Benefits:

Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.

Compensation:

Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.