Strategic Sourcing Manager

Career Guide
The Strategic Sourcing Manager is responsible for overseeing and managing the company's procurement strategy to ensure cost-effective purchasing of all goods and services. This role involves developing sourcing strategies, negotiating with suppliers, and managing supplier relationships to enhance the supply chain process.

Key Responsibilities

  • Develop and implement strategic sourcing strategies.
  • Negotiate contracts and terms with suppliers.
  • Manage supplier relationships and performance.
  • Identify and mitigate risks in the supply chain.
  • Collaborate with internal stakeholders to understand procurement needs.

Top Skills for Success

Negotiation
Supply Chain Management
Analytical Thinking
Contract Management
Stakeholder Management

Career Progression

Can Lead To
Supply Chain Director
Procurement Director
Transition Opportunities
Operations Manager
Logistics Manager

Common Skill Gaps

Often Missing Skills
Advanced Data AnalysisTechnology Integration
Development SuggestionsPursue certifications in supply chain management and take courses in data analytics to enhance skills.

Salary & Demand

Median Salary Range
Entry Level$70,000 - $85,000
Mid Level$85,000 - $100,000
Senior Level$100,000 - $130,000
Growth Trend
The demand for Strategic Sourcing Managers is growing as companies continue to prioritize cost savings and efficiency in supply chain management.

Companies Hiring

Major Employers
AmazonWalmartProcter & Gamble
Industry Sectors
RetailManufacturingTechnology

Recommended Next Steps

1
Gain experience in procurement or supply chain roles.
2
Pursue a certification such as Certified Professional in Supply Management (CPSM).

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