Summary:
The Strategic Sourcing Manager will be responsible for developing and executing sourcing strategies for assigned categories/suppliers to optimize quality, delivery, cost, and risk, while maintaining reliable supply of assigned commodities.
Duties:
- Develop and implement strategic sourcing strategies aligned with the company's overall business objectives.
- Collaborate with IT, e-commerce, marketing, operations, purchasing, finance, and other areas of the business to align sourcing strategies with organizational goals and priorities.
- Cultivate and maintain strong relationships with key suppliers. Evaluate and manage supplier performance to ensure quality, reliability, and consistency of supply.
- Continuously monitor market trends, negotiate terms and pricing agreements, and identify cost-saving opportunities. Implement best practices to reduce procurement costs without compromising quality.
- Develop risk mitigation strategies to mitigate potential disruptions such as geopolitical, economic, or environmental factors.
- Ensure compliance with all relevant regulations and ethical standards. Drive sustainability initiatives, such as responsible sourcing and environmentally friendly practices.
- Oversee the negotiation and management of supplier contracts, including terms and conditions, service level agreements, and performance metrics.
- Utilize data-driven insights to make informed sourcing decisions. Implement analytics tools and KPIs to track and measure sourcing performance.
- Identify opportunities for process optimization and efficiency enhancements within the sourcing function. Implement best practices and drive innovation.
Skills/Abilities:
Proven ability to lead teams and identify opportunities for improvement
Highly motivated, innovative, and able to work independently and on cross functional teams.
Excellent communication, leadership, and interpersonal skills
Ability to successfully navigate in a complex business environment and adapt to changing market conditions.
Must possess strong analytical, strategic thinking, problem solving, and sound business judgment skills.
Strong negotiation, contract management, and supplier relationship management skills.
Education and Qualifications:
Bachelor’s degree from a 4-year college or university.
3+ years of sourcing experience within a similar industry preferred.
Compensation: $116k - $183k
Skills Required
- Bachelor's degree from a four-year college or university
- 3+ years of sourcing experience within a similar industry
- Strong negotiation, contract management, and supplier relationship management skills
- Strong analytical, strategic thinking, problem-solving, and business judgment skills
- Excellent communication, leadership, and interpersonal skills
- Ability to lead teams and identify improvement opportunities
- Ability to work independently and cross-functionally in a complex business environment
What We Do
Arrowhead Engineered Products (AEP) is a leading supplier of non-discretionary, mission-critical, aftermarket replacement parts for a wide variety of motorized vehicles. AEP is based in Blaine, Minnesota, just outside of the Twin Cities. AEP’s comprehensive offering of more than 100,000 non-discretionary SKUs includes starters, clutches, driveline components, alternators / generators, suspension parts, gasket kits, and other components. The company serves more than 10,000 customers across a number of different end markets, including powersports, agricultural & industrial, outdoor power equipment, marine, and automotive & heavy duty.
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