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Become A Senior Sourcing Manager

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Working As A Senior Sourcing Manager

  • Resolving Conflicts and Negotiating with Others
  • Communicating with Persons Outside Organization
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Getting Information
  • Deal with People

  • Mostly Sitting

  • $130,450

    Average Salary

What Does A Senior Sourcing Manager Do At Microsoft Corporation

* Develop and execute a market leading sourcing category and supply base strategy in the Advanced Optics space via full market knowledge, supplier selection, predictable and industry leading pricing plan, and total cost of ownership modeling.
* Initiate, negotiate for, and maintain high performing, long-term relationships with world class suppliers
* Secure components and/or services that will provide competitive advantage in both technology and cost for Microsoft
* Deliver accurate cost and budget projections
* Collaborate with cross functional teams to continuously improve manufacturing efficiency, yield and performances via repeatable processes, and elimination of process waste
* Develop supplier capabilities and drive roadmap visibility across Microsoft hardware businesses
* Work and partner collaboratively with a diverse set of team members, from product incubation to end-of-life to deliver high quality products
* Design a robust supply chain to ensure consistent component supply

What Does A Senior Sourcing Manager Do At Direct Supply

* Own supply chain for most strategic and complex suppliers, including: cost, quality, fulfillment, contract negotiation and execution, channel conflict, and lifecycle management.
* Develop and leverage relationships up to and including the supplier’s Senior Management level and above.
* Expertly negotiate highly competitive programs for Direct Supply, including costs and incentives (rebates, co-op, samples, etc.).
* Ensure business continuity and service fulfillment excellence with largest and most strategic suppliers (inventory, risk mitigation and/or contingency plans, etc.)
* Own most complex escalations and LSO negotiations.
* Serve as day-to-day escalation for team members as needed (e.g., Large Sales Opportunities Strategy/support, Performance Review List, metrics, customer service and sales support, etc.)
* Leverage industry and category-specific knowledge to collaboratively build out business strategies and ensure suppliers meet the immediate and future needs of the business
* Leverage Supply Chain best practices and/or tools (e.g., forecasting, importing, distribution, cost modeling, logistics, value stream mapping, total cost of ownership).
* Serve as Subject Matter Expert in 2+ areas and facilitate the development, transfer and adoption of best practices across the supply chain function
* Serve as Subject Matter Expert in older adults, Senior Living & Care, and the Lines of Business (e.g., regulations, requirements, industry trends) and demonstrate exceptional reverse marketing skills.
* Proactively identify and implement process improvement strategies across Lines of Business and function.
* Develop supply chain strategies and lead cross-functional project teams and/or programs to support business initiatives and objectives.
* Work closely with internal stakeholders to develop a strategic supply chain plan for categories and major programs; identify the need for and locate key strategic partners to grow the business.
* Provide day-to-day guidance on workload and escalations for team members as needed.
* Build and transform individual and department capabilities

What Does A Senior Sourcing Manager Do At Citi

* Business Stakeholder Engagement, Collaboration & Sourcing Leadership:
* A sourcing & end to end supply chain subject matter expert, bringing valuable market insights to supported business units.
* Analyze business processes and determine opportunities achieved through influencing supply [and demand] of services
* Influence decisions around sourcing strategy, supplier selection and leads the negotiation and contracting process for product acquisition.
* Identify and drive cost reductions, supplier consolidation, service delivery improvements, process efficiencies, risk mitigation and standardization across Citigroup businesses.
* Establish reputation within the sourcing organization and business units as expert.
* Develop and grow relationship with business unit stakeholders promoting and expanding Procurement's influence within software.
* Contribute to all administrative requirements including approved supplier program, supplier diversity, contract management system, procure-to-pay system, software related metrics and reporting.
* Deliver all required management reporting, both repeated and ad hoc as required to provide quality information in a timely manner, including maintaining up to date and accurate systems records.
* This position interacts with all levels of management, including senior management, at both Citigroup and at suppliers.
* Actively partner with the appropriate internal organizations (Citigroup Architecture & Technical Engineering, Citi Technology Infrastructure, ICG business and functional partners) to ensure that all software entering into Citi is correctly licensed and accounted for (End to end life cycle management)
* Sourcing Category Management:
* Report on category trends and best practices driving best-in-class purchasing practices, including the application of world class category management, preferred systems, tools and techniques.
* Lead cross-functional teams comprised of country Procurement managers and stakeholders from multiple business units in the development and execution of software sourcing strategies, Requests for Proposal, supplier selection, negotiation and contracting processes.
* Lead regional and Global Sourcing initiatives.
* Analyze supplier proposals, structure and negotiate supply agreements and manage supplier relations and performance.
* Participate in the development, implementation and monitoring of purchasing policies and procedures.
* Ensure full compliance with purchasing policies, procedures and standards, ethical practices, and adherence to relevant laws and regulations.
* Work in conjunction with the SAM (Software Asset Management Team) to ensure that robust procurement processes are in place to track all purchase orders and authorization for any software purchase
* Support supplier diversity and sustainability initiatives.
* Ensure consistent documentation accuracy and archival of the supplier selection and negotiation processes.
* In conjunction with Global Analytics, measure CTI and CTO Sourcing KPI’s and appropriately monitor and assess performance and report achievements or deficiencies (including action plan) to Global Sourcing Leadership and key business stakeholders;
* Ensure the timely, efficient and accurate processing of all sourcing transactions;
* Keep current with all sourcing best practices, methods and technologies.
* Leverage market intelligence and industry best practices to drive continuous improvement across CTI and CTO Sourcing.
* Drive Citigroup Approved Supplier utilization, adoption and optimization.
* Reduce noncompliant/leakage spend

What Does A Senior Sourcing Manager Do At MUFG Union Bank

* Sourcing Execution
* Design, implementation and execution of bank-wide Strategic Sourcing and Procurement projects for the Technology Transformation and Strategic Partnerships category ranging from $50 to $200 million in annual spend.
* Responsible for strategic sourcing execution of assigned category related spend across the Bank.
* Understand business partner's objectives and business drivers and closely collaborate with business partners while leading the development and delivery of spend category strategies.
* Provide full and accurate category “market intelligence” by leading and performing in-depth analysis, understanding market drivers, cost structures and advantages on a category level.
* Responsible for strategic project delivery (value, savings); in addition to measuring and tracking performance relating to spend and budgetary impact.
* Strategic Sourcing integration with Business Owners
* Effectively influence stakeholders and business owners, facilitating the Strategic Sourcing process and compliance with Bank policy and practices.
* Ensure Strategic Sourcing efforts support business objectives and direction.
* Establish key internal and external relationships enabling multi-year planning and category strategies, supporting sustainable spend management.
* Lead cross-functional teams in the execution of sourcing initiatives end-to-end.
* This position requires specialized knowledge and experience in work involving advising business line management how best to leverage supplier sourcing to minimize cost, with overall continuous improvement.
* Requires 8 years of Strategic Sourcing and supplier relations experience in Technology Strategic Sourcing with expertise across multiple IT categories
* Bachelor's degree in IT/Engineering, Business Administration/Finance, or equivalent business experience; MBA or JD preferred
* Experience in using E
* Sourcing tools and sourcing events
* Ability to drive performance improvement across a team; strong teamwork and collaboration skills
* Excellent technology sourcing and category management skills
* Excellent analytical skills with a continuous improvement mind-set
* Excellent technical Source-to
* Pay, negotiations and project management skills
* Excellent business / financial acumen; understanding cost structures and drivers
* Ability to prioritize and multi-task
* Excellent written, graphical and oral communication skills with internal clients, external partners and team members; strong influencing and relationship skills; polished interpersonal skills
* Ability to work independently in a dynamic, ambiguous and newly forming organization
* The above statements are intended to describe the general nature and level of work being performed.
* They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
* We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business.
* We do not discriminate in employment decisions on the basis of any protected category

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How To Become A Senior Sourcing Manager

Purchasing managers need a bachelor’s degree and work experience as a buyer or purchasing agent.

Education

Purchasing managers usually have at least a bachelor’s degree and some work experience in procurement. A master’s degree may be required for advancement to some top-level purchasing manager jobs.

Work Experience in a Related Occupation

Purchasing managers typically must have at least 5 years of experience as a buyer or purchasing agent. At the top levels, purchasing manager duties may overlap with other management functions, such as production, planning, logistics, and marketing.

Licenses, Certifications, and Registrations

There are several certifications available for purchasing managers and others employed in a procurement-related field. Although some employers require certification, many do not.

Most of the certifications involve oral or written exams and have education and work experience requirements.

The Institute for Supply Management offers the Certified Professional in Supply Management (CPSM) credential, which covers a wide scope of purchasing professional duties. To receive the CPSM credential, candidates must pass three exams and possess at least 3 years of relevant work experience for those with a bachelor’s degree or 5 years of relevant work experience for those without a bachelor’s degree.

The American Purchasing Society offers the Certified Purchasing Professional (CPP) and the Certified Professional Purchasing Manager (CPPM) credentials. Certification is valid for 5 years. Candidates must earn a certain number of professional development “points” to renew their certification. Candidates initially become eligible, and can renew their certification, through a combination of purchasing-related experience, education, and professional contributions (such as articles published or speeches delivered).

APICS, founded as the American Production and Inventory Control Society, offers the Certified Supply Chain Professional (CSCP) credential. Applicants must have 3 years of related business experience or a bachelor’s degree in order to be eligible for the CSCP credential, which is valid for 5 years. Candidates must also earn a certain number of professional development points to renew their certification.

The Next Level Purchasing Association offers the Senior Professional in Supply Management (SPSM) certification. Although there are no education or work experience requirements, applicants must complete six online courses and pass an SPSM exam. Certification is valid for 4 years. Candidates must complete 32 continuing education hours in procurement-related topics to recertify for an additional 4-year period.

The Universal Public Procurement Certification Council (UPPCC) offers two certifications for workers in federal, state, and local government. The Certified Professional Public Buyer (CPPB) credential requires applicants to have earned at least an associate’s degree, to have at least 3 years of public procurement experience, and to complete relevant training courses. The Certified Public Purchasing Officer (CPPO) requires applicants to have earned a bachelor’s degree, to have at least 5 years of public procurement experience, and to complete additional training courses.

Those with the CPPB or the CPPO designation must renew their certification every 5 years by completing continuing education courses or attending procurement-related conferences or events.

The National Institute of Government Purchasing’s (NIGP’s) Institute for Public Procurement offers preparation courses for the UPPCC certification exams.

Advancement

An experienced and qualified purchasing manager may advance to become the chief procurement officer for a business or organization.

Important Qualities

Analytical skills. When evaluating suppliers, purchasing managers must analyze their options and choose a supplier with the best combination of price, quality, delivery, service, or other criteria. 

Decisionmaking skills. Purchasing managers must have the ability to make informed and timely decisions, choosing products that they think will sell. 

Math skills. Purchasing managers must possess basic math skills. They must be able to compare prices from different suppliers to ensure that their organization is getting the best deal. 

Negotiating skills. Purchasing managers often must negotiate the terms of a contract with a supplier. Interpersonal skills and self-confidence, in addition to knowledge of the product, can help lead to successful negotiation.

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Senior Sourcing Manager jobs

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Real Senior Sourcing Manager Salaries

Job Title Company Location Start Date Salary
SR. Sourcing Manager A.T. Kearney, Inc. New York, NY Mar 09, 2016 $177,500
SR. Sourcing Manager A.T. Kearney, Inc. Chicago, IL Mar 09, 2016 $177,500
SR. Sourcing Manager A.T. Kearney, Inc. Boston, MA Mar 09, 2016 $177,500
SR. Sourcing Manager A.T. Kearney, Inc. Atlanta, GA Mar 09, 2016 $177,500
Senior Sourcing Manager A.T. Kearney, Inc. Southfield, MI Sep 02, 2015 $172,500
Senior Sourcing Manager A.T. Kearney, Inc. San Francisco, CA Sep 02, 2015 $172,500
Senior Sourcing Manager A.T. Kearney, Inc. Chicago, IL Sep 02, 2015 $172,500
Senior Sourcing Manager A.T. Kearney, Inc. Houston, TX Sep 02, 2015 $172,500
Senior Sourcing Manager Box, Inc. Redwood City, CA Jun 13, 2016 $170,685
Senior Sourcing Manager Microsoft Corporation Redmond, WA Aug 07, 2016 $169,200
Senior Sourcing Manager, Vendor Management Wal-Mart Associates, Inc. San Bruno, CA Oct 13, 2015 $165,420
Senior Technology Sourcing Manager T-Mobile USA, Inc. Bellevue, WA Oct 01, 2016 $140,000
Senior Sourcing Manager A.T. Kearney, Inc. Chicago, IL Sep 09, 2010 $138,000
Senior Sourcing Manager A.T. Kearney, Inc. Southfield, MI Sep 09, 2010 $138,000
Senior Sourcing Manager A.T. Kearney, Inc. Vienna, VA Sep 09, 2010 $138,000
Senior Sourcing Manager Microsoft Corporation Redmond, WA Jul 23, 2012 $131,200
Senior Sourcing Manager Microsoft Corporation Bellevue, WA May 02, 2011 $127,200
Senior Sourcing Manager, Cooling & Gas Systems Whirlpool Corporation Benton Harbor, MI Jun 27, 2016 $126,000
Senior Sourcing Manager, Technology Microsoft Corporation Redmond, WA Apr 19, 2014 $121,727
Senior Category Sourcing Manager Winn-Dixie Stores, Inc. Jacksonville, FL Apr 07, 2010 $112,000
Senior Sourcing Manager Amazon Corporate LLC Seattle, WA Dec 10, 2015 $110,000 -
$145,000
Senior Category Sourcing Manager Winn-Dixie Stores, Inc. Jacksonville, FL Apr 12, 2010 $100,000
Senior Sourcing Manager Cummins Inc. Columbus, IN Jun 12, 2015 $97,178 -
$109,800
Senior Sourcing Manager, ITS Commodities Praxair Inc. Tonawanda, NY Sep 26, 2012 $92,000
Senior Sourcing Manager, ITS Commodities Praxair, Inc. Tonawanda, NY Oct 01, 2011 $92,000
Senior Sourcing Manager Cummins Inc. Columbus, IN Mar 07, 2015 $91,600 -
$112,800

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Top Skills for A Senior Sourcing Manager

SupplyChainStrategyNewProductDevelopmentCategoryGlobalCommodityRFPCostReductionFinancialProceduresHardwareBusinessUnitsSupplierRelationshipsRawMaterialsContractNegotiationsProfessionalServicesDirectReportsContractManagementTotalCostRFQFacility

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Top Senior Sourcing Manager Skills

  1. Supply Chain
  2. Strategy
  3. New Product Development
You can check out examples of real life uses of top skills on resumes here:
  • Visited overseas factories to negotiate cost savings, improve supply chain process, and ensure new product specifications are met.
  • Refine current sourcing strategy and recommend suggestions for improvement.
  • Organized sourcing team ensuring success of new product development programs and increasing new product speed to market.
  • Develop supplier evaluation and selection criteria, in general, and for each spend category as part of agreed procurement strategy.
  • Developed and implemented Global Commodity Council Structure across a very fragmented/matrixed organization (Pharmaceutical Supplier).

Top Senior Sourcing Manager Employers

Senior Sourcing Manager Videos

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