Senior Strategic Sourcing Consultant

Senior Strategic Sourcing Consultant

Irvine, CA (Hybrid)

16-Month Contract

Job ID 25-09448

Solugenix is assisting a client, a prestigious and large investment management company, in their search for a Senior Strategic Sourcing Consultant. This is a 16-month contract opportunity based out of Irvine, CA (Hybrid).

A Senior Strategic Sourcing Consultant is a highly experienced professional within Sourcing who leads the development and execution of strategic sourcing strategies for complex goods and services. This role focuses on sourcing activities for Global Business Services business areas (Site Services, HR, Finance, Legal, Risk, Communications, and PMO) within the client. They collaborate with internal stakeholders to identify cost-saving opportunities, manage supplier relationships, and negotiate favorable contract terms while ensuring compliance with company policies and best practices.

Qualifications:

Education:

Bachelor's degree, preferably in a business, supply chain or economics.

Sourcing Expertise:

• 7 years of advanced strategic sourcing experience with mastery of strategic and tactical procurement principles, practices, and models.
• Deep understanding of sourcing principles, sourcing methodologies, and contract law.

Analytical Skills:

• Proficiency in data analysis, spend analytics, and financial modeling to identify cost savings opportunities.

Negotiation Skills:

• Proven ability to negotiate complex contracts and achieve favorable terms for the organization.

Market Knowledge:

• Extensive knowledge of relevant supplier markets, industry trends, and competitive landscape.

Communication Skills:

• Excellent written and verbal communication to effectively interact with stakeholders at all levels.

Project Management Skills:

• Ability to lead and manage complex sourcing projects from initiation to completion.
• Ability to manage individual project timelines and drive completion of projects under limited supervision.

Responsibilities:

Strategic Sourcing Planning:

• Conduct in-depth market research to identify potential suppliers and assess market trends.
• Develop comprehensive sourcing strategies for assigned categories, including cost reduction targets, supplier selection criteria, and risk mitigation plans.
• Collaborate with internal stakeholders to understand business needs and translate them into clear sourcing requirements.

RFx Management:

• Lead the design and execution of Request for Information (RFI), Request for Quotation (RFQ), and Request for Proposal (RFP) processes.
• Analyze supplier responses, and evaluate proposals based on price, quality, delivery, and other relevant factors.

Supplier Negotiation:

• Develop negotiation strategies and lead negotiations of complex contract provisions.
• Conduct complex contract negotiations with suppliers, ensuring optimal pricing and terms while balancing risk and value.
• Develop and manage master agreements, including legal terms and conditions.

Vendor Relationship Management:

• Build and maintain strong relationships with key suppliers, addressing performance issues and driving continuous improvement.
• Monitor supplier performance against contractual obligations and KPIs.

Cost Optimization:

• Analyze spending data to identify cost-saving opportunities and implement strategic sourcing initiatives.
• Utilize cost modeling and total cost of ownership (TCO) analysis to evaluate sourcing options.

Stakeholder Management:

• Communicate sourcing strategies and progress to internal stakeholders, including senior management.
• Proactively manage expectations and address concerns related to sourcing activities.

Pay Range for CA, CO, IL, NJ, NY, WA, and DC: $96.55/hour to $96.55/hour. Starting rate of pay offered may vary depending on factors including but not limited to, position offered, location, education, training, and/or experience.

Solugenix will consider qualified applicants with a criminal history pursuant to the California Fair Chance Act and Ordinance. Applicants do not need to disclose their criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if we are concerned about conviction that is directly related to the job, applicants will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report.

About The Client

Our client is an American financial services company. It ranks among the world's oldest and largest investment management organizations. They have offices globally.

About Solugenix

Solugenix is a leader in IT services, delivering cutting-edge technology solutions, exceptional talent, and managed services to global enterprises. With extensive expertise in highly regulated and complex industries, we are a trusted partner for integrating advanced technologies with streamlined processes. Our solutions drive growth, foster innovation, and ensure compliance—providing clients with reliability and a strong competitive edge.

Recognized as a 2024 Top Workplace, Solugenix is proud of its inclusive culture and unwavering commitment to excellence. Our recent expansion, with new offices in the Dominican Republic, Jakarta, and the Philippines, underscores our growing global presence and ability to offer world-class technology solutions. Partnering with Solugenix means more than just business—it means having a dedicated our financial client focused on your success in today's fast-evolving digital world.