Strategic Sourcing Manager

ESSENTIAL JOB FUNCTIONS

• Develop and lead sourcing, category, and procurement strategies for direct materials in mechanical areas, focusing on cost reduction, on-time delivery, quality improvement, supplier performance, and consolidation to support manufacturing and field operations.
• Analyze total spend, pricing structures, commercial terms, and market trends for raw materials, finished products, and assemblies, with an understanding of global supply chain dynamics.
• Create strategic roadmaps, identifying and developing new suppliers for cost savings and new product development.
• Review BOMs, technical drawings, and engineering specifications to drive strategic sourcing decisions and ensure manufacturing readiness.
• Implement risk mitigation strategies to address supply chain constraints.
• Manage Purchase Price Variance (PPV) to minimize P&L impact while ensuring material availability for manufacturing.
• Monitor supplier performance, implementing corrective actions and recovery plans with Supplier Quality Engineering.
• Lead Supplier Relationship Management (SRM) activities, overseeing savings initiatives and long-term cost reduction pipelines.
• Collaborate with internal teams, including Engineering, Product Management, Project Management, Field Operators, and Finance.
• Conduct RFQs/RFPs/RFIs, negotiations, and supplier evaluations for mechanical category procurement.
• Develop strategies for End-of-Life (EOL) products and legacy parts to maintain operations and revenue.
• Implement performance management metrics, KPIs, and dashboards to track supplier performance.
• Provide technical direction on product strategy throughout development and manufacturing lifecycles.
• Negotiate and execute strategic agreements (NDA/JDA/MSA) with legal counsel, ensuring alignment with cost, lead-time, capacity, and IP protection objectives.

Education & Experience:

• Bachelor's degree in Engineering, Supply Chain Management, or Business Administration (Master s/MBA preferred).
• Preferred certifications: Supply Chain Management, Purchasing, Six Sigma Green/Black Belt, or PMP.
• Expertise in purchasing policies, procedures, and P2P digital platforms.
• Proficiency in Microsoft Office (PowerPoint, Excel, Word, Visio), SAP, Oracle, and/or Ariba.
• Deep knowledge of strategic sourcing, procurement strategies, and direct spend in mechanical domains.
• 10 years of strategic sourcing, procurement, and category management experience.
• Strong background in mechanical component demand-supply cycles and supplier partnerships in dynamic environments.
• Skilled in Total Cost of Ownership (TCO) analysis for data-driven supplier and component selection.
• Proven ability to negotiate complex contracts with key suppliers and internal stakeholders.
• Experience with ERP systems, Spend Data Analytics & Reporting, eSourcing, and contract management.
• Track record of developing cost reduction strategies through should-costing, process improvements, and innovation.
• Strong leadership and collaboration skills to build relationships with internal and external stakeholders.
• Excellent communication skills, capable of presenting complex data to senior executives.
• Strategic thinker with the ability to shape the organization s future procurement strategy.
• Business acumen to understand challenges from leadership perspectives.
• Agile and strategic leader with the ability to influence decisions using data and facts.
• High integrity, dependability, and a results-driven mindset.
• Experience in OEM, elevator, aerospace, oil & gas, or similar industries.
• Willingness to travel 10% for business needs, training, or urgent supply chain matters.