Lincoln Electric Holdings Inc

Strategic Sourcing Manager, Corporate Services

Lincoln Electric Holdings Inc • $111K — $138K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Procurement, Supply Chain, Business, or Engineering; higher education preferred
  • 5-8 years of experience in sourcing or procurement
  • Expertise in strategic sourcing methodology and category strategy development
  • Proven experience with RFx processes and contract negotiations
  • Strong cross-functional collaboration skills with operations and finance teams
  • Data-driven decision-making abilities using spend analysis
  • Familiarity with ERP and eSourcing platforms (SAP Ariba, Jaggaer, Oracle, Zycus)

Responsibilities

  • Develop and execute enterprise-wide sourcing strategies aligned with corporate goals
  • Drive strategic sourcing initiatives for cost savings and improved vendor performance
  • Act as a trusted advisor to senior leaders, influencing decisions and promoting collaboration
  • Lead a team of sourcing specialists to support daily sourcing activities
  • Facilitate vendor decisions through competitive bids and contract management
  • Ensure compliance with legal and risk management requirements for contracts
  • Champion digital sourcing tools to enhance efficiency and transparency

Benefits

  • Collaborative corporate culture encouraging innovation
  • Opportunities for professional development and certification
  • Robust vendor performance monitoring systems
  • Support for digital transformation initiatives
  • Involvement in high-impact strategic projects
Full Job Description


Location: Euclid - 22801
Employment Status: Salary Full-Time
Function: Supply Management/Purchasing
Pay Range: $111,115.00 - $138,894.00
Target Bonus: 15.0%
Req ID: 30177

Role Summary

The Strategic Sourcing Manager is responsible for development of sourcing strategies, supplier management, and savings initiatives within the Corporate Services category for Marketing, Finance, Legal, and Environmental Health and Safety (including execution of IT strategic sourcing strategy for these categories). This includes supplier relationship management, alignment with business strategy/goals, and leading/participating in project initiatives that drive change.

Key Responsibilities

Strategic Leadership & Planning

  • Develop and lead the execution of the enterprise-wide sourcing strategy, ensuring alignment with corporate objectives, digital transformation goals, and operational priorities.
  • Identify and drive strategic sourcing initiatives that deliver cost savings, innovation, and improved vendor performance.


Team & Stakeholder Management
  • Serve as a trusted advisor to senior functional area and business leaders, influencing decisions and fostering cross-functional collaboration.
  • Work with a team of sourcing specialists, who will support day-to-day sourcing/procurement activities and execution of the sourcing strategy.


Vendor Decisioning & Contract Oversight
  • Facilitate strategic vendor decisions, including competitive bids, negotiations, and contract lifecycle management.
  • Ensure compliance with legal, regulatory, and risk management requirements across all assigned contracts.


Process Optimization & Innovation
  • Champion the use of digital sourcing tools (eRFx, eAuction, spend analytics) and best practices to enhance sourcing efficiency and transparency.
  • Continuously assess and improve sourcing processes, policies, and governance frameworks.


Vendor Risk & Performance Management
  • Assist with the implementation of robust vendor risk assessment and mitigation strategies.
  • Oversee strategic vendor relationships and performance monitoring.
  • Participate in the tracking of global KPIs for sourcing effectiveness, vendor performance, and cost/value delivery. Develop and track additional KPIs, as needed.


Experience and Core Skills

  • Bachelor's degree (Procurement, Supply Chain, Business, Engineering field), Associate's Degree, or High School Diploma.
  • 5-8 years in sourcing or procurement, including ownership of mid-size spend categories.
  • Strategic sourcing methodology, and category strategy development.
  • Proven experience running RFx's and contract negotiations.
  • Cross-functional collaboration with operations, legal, finance, etc..
  • Data-driven decision making using spend analysis.
  • ERP and eSourcing platform expertise (SAP Ariba, Jaggaer, Oracle, Zycus).
  • Communication, Collaboration, and Coordination with internal stakeholders.


Preferred Attributes

  • Change agent who is Comfortable navigating ambiguity and driving change in a dynamic environment
  • Certification in Supply Management (CPSM from ISM, APICS)
  • Category knowledge/experience
  • Demonstrated success in cost savings, supplier consolidation, and innovative outcomes


Key Performance Indicators (KPIs)

  • Category-Level Cost Savings and Value Delivered
  • % Spend with Preferred Suppliers and Contract Compliance
  • Execution of Supplier Consolidation Roadmaps
  • Supplier On-Time Delivery and Quality Scorecard Adherence
  • Lead-Time Targets by Category (tracked quarterly)

About Lincoln Electric Holdings Inc

Lincoln Electric is a global manufacturer and the market leader of the highest quality welding, cutting and joining products. The company has a strong focus on research and development, and has been responsible for many of the innovations that have revolutionized the welding industry. Lincoln Electric has a strong commitment to sustainability and has been recognized for its efforts in this area. The company has a presence in over 160 countries and has a reputation for providing excellent customer service.
Learn more about Lincoln Electric Holdings Inc
Size
11,000 employees
Market Cap
$8.3 billion
Industry
Net Income
$206.1 million
Founded
1895
5 Year Trend
+7.3%
Revenue
$2.6 billion
NASDAQ

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