Sourcing Manager
Open PositionLocation: Greer. SC
Reports to: Supply Chain Director
We are seeking a dynamic and strategic Sourcing Manager to join our procurement team. The ideal candidate will be responsible for developing and implementing sourcing strategies that optimize supply chain processes, reduce costs, and drive supplier performance. You will work closely with various departments to ensure that our sourcing decisions align with company goals and industry standards.
Reports to: Supply Chain Director
We are seeking a dynamic and strategic Sourcing Manager to join our procurement team. The ideal candidate will be responsible for developing and implementing sourcing strategies that optimize supply chain processes, reduce costs, and drive supplier performance. You will work closely with various departments to ensure that our sourcing decisions align with company goals and industry standards.
- Develop and implement sourcing strategies aligned with Vericor’s business objectives to optimize the supply chain and enhance overall efficiency.
- Identify and build relationships with suppliers worldwide, fostering long-term partnerships based on mutual trust and benefit.
- Effectively coordinate actions with cross-functional teams, including Engineering, Quality, and Purchasing, to understand their material requirements and develop sourcing plans that meet stakeholder needs.
- Manage the creation and negotiation of Long-Term Agreements (LTA) containing terms and conditions with strategic suppliers that ensure stability in the supply chain support business needs.
- Manage cost reduction and cost target initiatives for the organization.
- Proactively identify cost-saving opportunities and implement strategies to optimize sourcing costs while maintaining product quality and delivery timelines.
- Develop financial models and risk and strategic evaluation criteria to evaluate business case for sourcing decisions.
- Contribute and track results to budgets for both piece cost and up-front nonrecurring costs.
- Track cross-function action items and provide recurring project status updates for on-time sourcing project completion.
- Drive continuous improvement initiatives for the sourcing function, streamline processes, and enhance overall efficiency.
- Manage relationships across all department lines. Professionally communicate and interact with all levels of management both inside and outside of Supply Chain. This will include the Operations, Supply Chain, Accounting, Legal, and Planning departments.
- Increase the overall value to Vericor using financial analysis and total cost of ownership modeling and negotiate to lower the overall manufacturing cost for the organization.
- Translate the strategy into vision and communicate throughout the organization with key external stakeholders to ensure alignment.
- Conduct in-depth market research and stay abreast of industry trends and developments to identify potential suppliers and sourcing opportunities.
- Administer Vericor’s Small Business reporting procedure.
- Stay updated on relevant industry regulations, compliance requirements, and ethical practices to ensure Vericor’s sourcing activities align with legal and corporate guidelines.
- Bachelor’s degree in business administration, supply chain management, engineering, or a related field. A Master’s degree is a plus.
- Proven experience (7+ years) in sourcing, procurement, or supply chain management, preferably within the gas turbine, aerospace, or heavy machinery industry.
- Strong knowledge of gas turbine manufacturing processes, materials, and component specification is preferred.
- Demonstrated success in developing and implementing strategic sourcing plans, achieving cost reductions, and improving supplier performance.
- Excellent negotiation skills and the ability to manage complex supplier relationships.
- Experience with global sourcing and a strong understanding of international business practices.
- Solid understanding of supply chain principles and inventory management.
- Experience in creating and managing Long Term Agreements (LTA) with key suppliers.
- Analytical mindset and proficiency in using data-driven insights to make informed decisions.
- Exceptional communication, interpersonal, and presentation skills.
- High level of adaptability and ability to thrive in a fast-paced, dynamic manufacturing environment.
- Experience with ISO9001 or AS9100 quality systems.
- U.S. work authorized applicants only.