Strategic Sourcing Manager IT/Clinical

7 - 11 years

0 Lacs

Posted:4 days ago| Platform: Shine logo

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Work Mode

On-site

Job Type

Full Time

Job Description

As the Manager of Global Sourcing at Fortrea, you will be instrumental in developing, managing, and executing category strategies that align with the strategic imperatives and mission of the company. Your role will involve positioning the Global Procurement Services organization as a trusted strategic partner enterprise-wide. Your responsibilities will include developing, managing, and executing category strategies to support Fortrea's strategic imperatives and mission. You will collaborate with leaders across the organization to ensure efficient and effective category strategies, preferred suppliers, and competitive supplier evaluation. Leading multi-functional stakeholder teams on strategic sourcing initiatives will be crucial to ensure benefit realization and value creation. Regular contract review meetings with suppliers and key stakeholders will also be part of your responsibilities to ensure performance meets expectations. Creating a strong team environment and service culture will be essential to deliver timely and quality services. You will own and manage the end-to-end Source to Contract process for assigned categories, ensuring compliance and regulatory reporting. Consulting with leaders and understanding market trends to verify the relevance of sourcing strategy will be key. Additionally, you will develop, monitor, and analyze procurement metrics and spend analytics, conduct market research and analysis, and negotiate favorable terms with potential suppliers. Ensuring compliance with company policies, industry regulations, and ethical procurement practices will be a priority. Establishing a robust supplier evaluation framework and identifying opportunities for supplier development will also be part of your role. Delivering savings and value targets across multiple dimensions, including material deflation and cost optimization, will be crucial for success in this role. Minimum qualifications for this position include a Bachelor's degree in Business Administration, Supply Chain Management, or a related field. An MBA is preferred. You should have a deep knowledge of sourcing processes, market trends, benchmarks, and best practices across categories under management. Attention to detail, decision-making skills, troubleshooting abilities, and proficiency in Microsoft Office365 are required. You should have 7-10 years of experience in procurement or strategic sourcing roles or allied fields. Strong negotiation, communication, and project management skills are essential, as well as the ability to work autonomously and operate with significant autonomy. Proficiency in procurement software and data analysis tools, proven analytical skills, and demonstrated problem-solving abilities are necessary. Additionally, you should possess deep business and financial acumen, strong strategic and conceptual skills, and excellent written and verbal communication skills, organizational skills, and interpersonal skills. Preferred qualifications may include relevant and equivalent experience in lieu of educational requirements. This role is office-based (hybrid) as requested by the line manager. For more information about EEO & Accommodations requests, please refer to the company's guidelines.,

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Fortrea logo
Fortrea

Pharmaceuticals

Durham

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