Strategic Sourcing Manager (IC Role)
Fortrea
Date: 2 weeks ago
City: Bengaluru, Karnataka
Contract type: Full time
Job Overview
As the Manager of Global Sourcing, you will play a crucial role in developing, managing, and executing category strategies that support Fortrea’s strategic imperatives and mission. You will position the Global Procurement Services organization as a trusted strategic partner across the enterprise.
Summary Of Responsibilities
As the Manager of Global Sourcing, you will play a crucial role in developing, managing, and executing category strategies that support Fortrea’s strategic imperatives and mission. You will position the Global Procurement Services organization as a trusted strategic partner across the enterprise.
Summary Of Responsibilities
- Develop, manage, and execute category strategies to support Fortrea’s strategic imperatives and mission.
- Partner with leaders across the enterprise to ensure efficient and effective category strategies, preferred suppliers, and competitive supplier evaluation.
- Lead multi-functional stakeholder teams on strategic sourcing initiatives, ensuring benefit realization and value creation.
- Conduct regular contract review meetings with suppliers and key stakeholders to ensure performance meets expectations.
- Cultivate a strong team environment and service culture to deliver timely and quality services.
- Own and manage the end-to-end Source to Contract process for assigned categories, ensuring compliance and regulatory reporting.
- Verify the relevance of sourcing strategy by consulting with leaders and understanding market trends.
- Develop, monitor, and analyze procurement metrics and spend analytics.
- Conduct market research and analysis to identify potential suppliers and negotiate favorable terms.
- Ensure compliance with company policies, industry regulations, and ethical procurement practices.
- Establish a robust supplier evaluation framework and identify opportunities for supplier development.
- Deliver savings and value targets across multiple dimensions, including material deflation and cost optimization.
- Bachelor's degree in Business Administration, Supply Chain Management; MBA preferred or a related field.
- A deep knowledge of sourcing processes, market trends, benchmarks, and best practices across categories under management.
- In-depth knowledge of category strategy, management and sourcing, methodologies, and best practices.
- Attention to detail and accuracy in analysis.
- Ability to make decisions and commit to completion dates.
- Ability to troubleshoot issues of high complexity.
- Microsoft Office365 (Word, Excel, PowerPoint, Outlook, Teams, SharePoint)
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- 7-10 years of experience in procurement or strategic sourcing roles or allied fields.
- Experience in indirect procurement, supporting business functions such as Finance, Marketing, and HR.
- Strong negotiation, communication, and project management skills.
- Ability to work autonomously and operate with significant autonomy.
- Proficiency in procurement software and data analysis tools
- Proven analytical skills, and demonstrated ability to solve complex problems to drive value
- Deep business and financial acumen and strong strategic and conceptual skills
- Demonstrated excellent written and verbal communication skills
- Demonstrated organizational, time management, and multi-tasking skills
- Working knowledge of data analysis and forecasting tools and ability to develop actionable insights from data
- Interpersonal skills and ability to build, develop and maintain trusted relationships both internally and externally
- Fortrea may consider relevant and equivalent experience in lieu of educational requirements.
- A related advanced degree.
- C.P.M. or APICS Certification.
- Office-Based (Hybrid), at the discretion of the line manager.
- Requires working with frequent interruptions and changes.
- High degree of global participation within peer group via Teams and conference call assignments.
- Strong ability to work unsupervised, yet still managing priorities of regional and global assignments.
- Overtime may be required.
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