What are the responsibilities and job description for the Sourcing Manager position at The Bolton Group?
JOB SUMMARY
The Sourcing/Procurement Manager will lead the procurement function to support manufacturing operations. This role focuses on developing and executing strategic sourcing initiatives, supplier relationship management, and procurement process optimization to ensure cost-effective, high-quality, and timely acquisition of goods and services. The Sourcing/Procurement Manager works closely with cross-functional teams including Supply Chain, Sales, Manufacturing, Quality, R&D, and Finance to drive procurement strategies that align with business objectives, regulatory requirements, and supply continuity.
WHAT YOU'LL DO:
- Develop and execute strategic sourcing strategies for direct and indirect materials, equipment, and services in line with company objectives
- Identify, evaluate, and qualify suppliers to ensure quality, reliability, compliance, and cost-effectiveness
- Establish and maintain strong supplier relationships, including negotiation of contracts, terms, and agreements
- Conduct supplier performance reviews and implement corrective actions or improvement plans as needed
- Manage supplier relationships to ensure timely availability of materials and services for manufacturing and operations.
- Implement best practices for procurement processes ensuring efficiency and compliance
- Drive significant cost savings
- Negotiate favorable payment terms with suppliers to support working capital goals
- Lead risk management initiatives, including identification of supply chain risks and mitigation strategies
- Monitor procurement budgets, expenditures, and savings opportunities
- Analyze market trends, cost drivers, and total cost of ownership to inform strategic decisions
- Support capital project procurement planning and budgeting
- Ensure procurement activities comply with cGMP, FDA, EMA, and other regulatory standards as applicable
- Maintain proper documentation for supplier qualification, audits, and inspections
- Support internal and external audits, providing procurement records and supplier compliance documentation
- Lead, mentor, and develop procurement staff to build a high-performing team.
- Promote a culture of continuous improvement, collaboration, and accountability.
WHO YOU ARE:
- Bachelor’s degree in Supply Chain, Business, Operations, or related field preferred.
- 5 years of experience in sourcing, purchasing, or supply chain management within manufacturing (small or mid-size company experience a plus).
- Strong negotiation skills with a proven track record of cost savings and supplier improvements.
- Ability to thrive in an evolving, fast-paced environment with competing priorities.
- Experience creating or improving sourcing processes, systems, and vendor management frameworks.
- Excellent analytical skills with the ability to interpret data, review contracts, and make strategic recommendations.
- Strong communication and cross-functional collaboration skills