What are the responsibilities and job description for the Strategic Sourcing Manager III position at Mindlance?
This is a temp to hire contract in Los Angeles.
Strategic Sourcing Manager will be responsible for leading complex negotiations and drafting contracts for commodities and services to be purchased by the bank. Interface with executive level management and make recommendations. Proactively identifies and recommends category sourcing options and partners with stakeholders to implement them. Determine and recommend alternate supply strategies to create cost savings and / or supply support solutions. Analyze business plans, spend data, supplier and market data, to determine optimal sourcing strategies across businesses and assigned suppliers and / or commodities. Contributes to the achievement of defined category performance targets and participates in or leads competitive RFPs as necessary. Determine and recommend alternate supply strategies to create cost savings and / or supply support solutions. Train and mentor other Enterprise Procurement team members.
and plans
Minimum 3-5 years Procurement experience required
Minimum 2 years of experience working for a bank, financial services company or indirect Procurement Organization required
Lead Mid to High Level Complex Negotiation / Transactions / Procurement Projects
Knowledgeable of the Strategic Sourcing process, drafting of contracts, financial reviews and procurement practices
Lead negotiations and contract drafting for commodity / service to be purchased by the bank. Work with Legal, compliance, finance, the business and other department to minimize risk and obtain the favorable terms for the bank
Proactively identifies and recommends category sourcing options and partners with stakeholders to implement them
Determine and recommend alternate supply strategies to create cost savings and / or supply support solutions
Analyze business plans, spend data, supplier and market data, to determine optimal sourcing strategies across businesses and assigned suppliers and / or commodities
Contributes to the achievement of defined category performance targets and participates in or leads competitive RFPs as necessary
Determine and recommend alternate supply strategies to create cost savings and / or supply support solutions
Research and stay current on industry practices for product and services within the assigned category(s)
Lead RFx activity
Builds and fosters relationships and effectively partners across varied functions with internal stakeholders, external suppliers, and colleagues to influence change,
Manage assigned projects and communicate with the stakeholders
Ensures compliance with Company policies, procedures, standards, use of Procurement systems in alignment with the stakeholder's objectives
Prepare reports for management as requested
Manages supplier involvement and relationship with the Company
Manages Supplier audit activities
Facilitates activities around supplier audits
Governance of vendor sourcing agreements
Manages / mitigates vendor risk, business continuity and security
Acts as liaison with vendors to ensure organizational needs are met
Prepares and presents strategic sourcing strategies for assigned suppliers and / or commodities to senior management
Develops / maintains market and technical expertise in assigned buy categories
Recognized as subject matter experts (SME) of their commodity(s)
Evaluates existing processes and provide process improvement recommendations in line with best practices and practical experience
Mines spend data to identify cost savings opportunities
Recommends to leadership supplier / vendor strategies for existing suppliers and alternatives
Empowers others to achieve results through motivation, recognition and performance feedback
Participates with management in development of procurement strategies
EEO :
Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of - Minority / Gender / Disability / Religion / LGBTQI / Age / Veterans."
