What are the responsibilities and job description for the Sourcing Manager position at Paramount Die Company?
Overview
We are seeking a dynamic and experienced Sourcing Manager to join our team. The ideal candidate will be responsible for developing and implementing sourcing strategies that align with our business goals. This role requires a strong understanding of supply chain management, contract negotiation, and category management to ensure the procurement of high-quality materials at competitive prices. The Sourcing Manager will play a critical role in enhancing operational efficiency and driving cost savings.
Duties and Responsibilities
- Develop and execute sourcing strategies to drive cost savings and operational efficiency.
- Identify and evaluate potential suppliers, negotiate contracts, and establish long-term partnerships.
- Manage and optimize supplier performance through regular evaluations and feedback.
- Build strong relationships with key vendors to ensure stability and reliability in the supply chain.
- Lead supplier negotiations, including pricing, service levels, and contract terms.
- Resolve supplier performance issues, including material returns, and drive continuous improvement initiatives.
- Mitigate supply chain risks by identifying alternative suppliers and contingency plans.
- Utilize data analytics to enhance decision-making and optimize procurement processes.
- Create and track raw material purchases and notify operations team of delivery risks.
- Analyze and report on purchasing KPI’s.
Qualifications
· Excellent attention to detail.
· Strong negotiation and contract management skills.
· Excellent analytical and problem-solving abilities.
· Ability to understand technical drawings.
· Proficiency in ERP systems.
· Ability to work in a fast-paced, dynamic environment with cross-functional teams.
· Strong communication and collaboration skills.
Education and Experience
· Bachelor’s degree in supply chain management, business administration, finance, engineering, or a related field.
· 5 years of strategic sourcing, procurement, or supply chain management experience.
· Engineering experience preferred.
Job Type: Full-time
Pay: $85.00 - $90.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Day shift
- Monday to Friday
Ability to Commute:
- Abingdon, MD 21009 (Preferred)
Ability to Relocate:
- Abingdon, MD 21009: Relocate before starting work (Preferred)
Work Location: In person
Salary : $85 - $90