What are the responsibilities and job description for the Sourcing Manager position at Nolan Power Group?
The Sourcing Manager is responsible for appraising and improving our sourcing activities by analyzing the company’s spending, supplying partnerships and new possibilities. This role requires a deep understanding of procurement, supplier management, logistics, and global sourcing to ensure efficient and cost-effective delivery of distribution items and engineered solutions. The Sourcing Manager will identify and strengthen our supplier partnerships by collaborating closely with cross-functional teams including sales, engineering, operations teams to optimize material availability, minimize risks, and drive operational excellence with our supplier partners.
- Manage supplier relationships, including ongoing performance evaluation, issue resolution and fostering long-term partnerships.
- Develop risk management procedures to mitigate losses in the event of product shortages
- Identify, evaluate and select suppliers based on quality, reliability, cost-effectiveness and adherence to ethical and sustainability standards.
- Develop and implement procurement strategies to optimize cost savings and operational efficiency.
- Negotiate contracts and terms with suppliers to ensure favorable pricing, payment terms and mutually beneficial agreements.
- Collaborate with internal stakeholders and external customers to understand their requirements and align procurement activities with organizational goals.
- Conduct market research and analysis to stay updated on industry trends, economic factors, supplier capabilities and pricing fluctuations.
- Manage the company’s supply portfolio ensuring transparency of spending
- Generate and implement efficient sourcing and category management strategies
- Analyze and calculate costs of procurement and suggest methods to decrease expenditure
- Invent negotiation strategies and secure profitable deals
- Optimize sourcing procedures to attain maximum efficiency
- Cooperate with stakeholders to guarantee agreement on terms and processes
- Research and anticipate shifts in the negotiating power of suppliers
- Perform cost and scenario analysis, and benchmarking
- Estimate risks and apply risk minimizing techniques
- Discover and partner with trustworthy vendors and suppliers
- ONLY QUALIFIED CANDIDATES WILL BE CONTACTED FOR FURTHER CONSIDERATION
- NO RELOCATION ASSISTANCE PROVIDED / OFFERED
- Exponential Power does not accept unsolicited assistance from search firms for employment opportunities. Please do not call or email. All resumes submitted by search firms to any employee or other representative at Exponential via email, the internet or in any form and/or method without a valid written search agreement in place and approved by HR will result in no fee being paid in the event the candidate is hired by Exponential Power.
- Proven work experience as a Sourcing Manager or Procurement Manager
- Familiarity with sourcing and vendor management and relevant software
- Understanding of market dynamics and sound business judgement
- Strong project management and leadership skills
- Ability to negotiate and sustain networking relationships
- Comfortable with figures and in collecting, analyzing and interpreting data
- Solid judgement with ability to make good decisions
- BS degree in supply chain management, logistics or business administration
Skills and Ability:
The ideal candidate will possess the following attributes and traits:
- Highly organized and efficient
- High level of initiative and drive to achieve personal and departmental goals
- Excellent verbal and written communication skills with working knowledge of Microsoft Office suite
- Self –directed with strong interpersonal and leadership skills
- Analytical with strong excel, math, critical thinking, and problem-solving skills
- Collaborative, customer-focused, and team oriented
- Strong understanding of purchasing, inventory, material flow, and lean concepts
Reasonable Accommodation:
The Company will work with employees, and the recommendation(s) of the treating health care provider, to accommodate individuals with disabilities in the performance of the essential requirements of the job.
Interface:
This position will have regular contact with all aspects of the company from senior management, office, production, warehouse, and branch and service personnel.
Environmental & Physical Demands:
The Purchasing management position requires indoor/production area work with limited exposure to excessive noise, dust, or temperature changes. The physical demands of this job requires the employee to sit for long periods of time and perform other desk and office related activities.
Travel:
Travel is negligible.