Sourcing Manager, Sr.

11 - 15 years experience  •  Financial Services

Salary depends on experience
Posted on 08/03/17
Columbus, GA
11 - 15 years experience
Financial Services
Salary depends on experience
Posted on 08/03/17

Job Summary:
Responsible for leading sourcing events. Manages the overall sourcing, procurement and category assigned and provides direct leadership in completing the sourcing process with internal stakeholders. Works with suppliers, vendors and internal stakeholders to carry out sourcing, amendment or change related programs to achieve the line of business requirements, strategic sourcing benefits, savings or improvements. Manages assigned categories or line of business relationships and provides periodic reviews of sourcing activities, spend reports, savings reports and industry related analysis.

Job Duties and Responsibilities:
■ Leads development and execution of vendor negotiations as part of the sourcing process.

■ Creates commodity-specific sourcing strategies to optimize supplier base and total cost of ownership. Identifies potential cost savings, spend reduction, supplier consolidation, and standardization opportunities. Institutes and promotes cost reduction projects.

■ Refines current sourcing strategy & negotiation approach and recommends or implements improvements.

■ Leads cross-functional teams in supplier & vendor reviews and selection activities including qualitative and quantitative analysis, selection criteria, RFI and RFP development, solicitation and analysis.

■ Evaluates price trends, new products and processes. Maintains industry trends and market awareness. Researches and develops sources of supply for assigned categories. Conducts spend analysis, needs assessment and business case development.

■ Develops supplier evaluation and selection criteria for each spend category as part of the overall sourcing strategy. Identifies opportunities for the inclusion of small business, women-owned and minority-owned suppliers.

■ Implements contract management and administration practices and communication routines with stakeholders.

■ Manages the sourcing due diligence process for assigned sourcing events and the associated on-boarding processes.

■ Oversees the purchasing of services and supplies in designated categories to ensure appropriate purchasing policies are followed. Authorizes purchase orders; addresses and resolves escalated issues.

■ Implements and supports enforcement of buying and contracting processes throughout the Synovus organization.

■ Develops new product/service specifications in cooperation with internal stakeholders. Works with business unit subject matter experts to gather and assess business requirements.

■ Supports the business stakeholders with establishing metrics for monitoring and reporting on supplier performance as part of sourcing engagements or contractual amendments. Evaluates incumbent suppliers, applying established evaluation and selection criteria. Performs operational review of contract performance categories in scope. Develops and reviews performance data with suppliers: partners with suppliers to implement continuous cost and quality improvements.

■ Acts as a mentor to fellow department team members. Assists Management with special projects and may lead projects as necessary.

■ Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.

■ Performs other related duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Synovus is an Equal Opportunity Employer supporting diversity in the workplace. M/F/D/V/AA

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