Director – Strategic Sourcing and Procurement

Director – Strategic Sourcing and Procurement

Requirements

• Bachelor’s degree in accounting, finance, business administration or related field.
• Minimum 10 years of relevant experience with at least 5 years in a leadership role.
• Strong expertise in strategic sourcing, managing vendor relationships and vendor risk management.
• Proficient in negotiation strategies and tactics resulting in superior results.
• Excellent organizational, critical thinking and problem-solving skills and strong attention to detail
• Astute at making financially sound decisions
• Strong oral and written communication skills with a highly collaborative communication style and practice
• Bias for continuous improvement with demonstrated experience and successes in change management
• Strong interpersonal skills with demonstrated ability to build cross-functional relationships
• Demonstrated, strong leadership experience (formal or informal). Ability to develop and motivate teams and provide strategic direction for them.
• Proven competence with Microsoft Office (Word, Excel, PowerPoint, and Outlook)

Responsibilities

• Develop and own a comprehensive sourcing and procurement strategy aligned with the company’s business objectives.
• Lead innovation in procurement practices to create competitive advantages and operational efficiencies.
• Set clear performance metrics and benchmarks for procurement operations.
• Align procurement policies and procedures with organizational goals and compliance standards.
• Conduct and monitor market trends and industry developments to identify new opportunities and mitigate risks.
• Develop and lead initiatives to optimize the company’s worldwide sourcing and procurement structure to maximize vendor strategies and spend.
• Provide guidance and support to local and regional teams.
• Establish and maintain strong relationships with key suppliers and vendors.
• Identify, evaluate, and manage supplier relationships to ensure quality, cost-effectiveness, and reliability.
• Negotiate contracts, pricing, and terms to achieve optimal value for the organization. Manage contract renewals or renegotiations effectively.
• Establish and maintain a supplier performance evaluation system to ensure adherence to company standards and policies.
• Oversee procurement, ensuring timely and cost-effective delivery.
• Optimize sourcing processes, leveraging technology and data analytics for improved efficiency and to improve purchasing decisions.
• Manage budgets and ensure procurement activities contribute to overall financial goals.
• Monitor and analyze procurement spending to identify cost-saving opportunities.
• Report on procurement performance and financial impacts to supported senior leadership.
• Build, lead and mentor the sourcing and procurement team, fostering a collaborative and high-performing environment.
• Provide training and development opportunities to build team capabilities and expertise.
• Work closely with internal stakeholders, including finance and operations, to align procurement activities with broader organizational needs.
• Partner with other departments to support new launches and expansion initiatives.
• Work closely with legal and other key business stakeholders to draft and review agreements.
• Accountable leader for sustainable sourcing practices that align with corporate social responsibility goals.
• Maintain compliance with regulatory requirements, ethical standards, and internal policies.

Preferred Qualifications

• Experience with ERP systems preferred.
• Experience with procurement, vendor management, contract management and other related software and tools desired.
• Experience in the technology and/or SaaS industry is helpful but not required.