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Al Sanchez
Strategic Sourcing Manager
Summary
An accomplished Strategic Sourcing Manager with over 10 years of experience in developing and executing sourcing strategies that drive cost reduction and operational efficiency. A proven track record of negotiating and executing major procurement contracts, establishing vendor management programs, and implementing eSourcing tools. Possesses a deep understanding of market analysis, demand forecasting, and supplier relationship management. Highly skilled in contract negotiation, strategic planning, and cost reduction techniques.
Demonstrated ability to manage a team of sourcing professionals, providing guidance and support to ensure effective procurement practices. Committed to fostering collaboration and driving value for the organization through strategic sourcing initiatives.
Education
Bachelor of Science in Supply Chain Management
March 2017
Skills
- Contract Negotiation
- Supplier Relationship Management
- Strategic Planning
- Cost Reduction
- Market Analysis
- Demand Forecasting
Work Experience
Strategic Sourcing Manager
- Conducted market research and industry analysis to identify potential suppliers and assess their capabilities.
- Managed a team of sourcing professionals, providing guidance and support to ensure effective procurement practices.
- Developed and maintained supplier relationships, fostering collaboration and driving value for the organization.
- Implemented esourcing tools and technologies to streamline procurement processes and improve efficiency.
Strategic Sourcing Manager
- Spearheaded a strategic sourcing initiative that reduced procurement costs by 15%, saving the company over $2 million annually.
- Established a vendor management program that improved supplier performance and reduced lead times by 20%.
- Developed and implemented a sourcing strategy that aligned with the companys longterm business objectives and reduced operational expenses by 10%.
- Negotiated and executed a major procurement contract that resulted in a 12% cost reduction and improved product quality.
Accomplishments
- Negotiated and implemented a new sourcing strategy, resulting in a 15% reduction in procurement costs
- Developed a comprehensive supplier risk management program, reducing supply chain disruptions by 30%
- Established a vendor performance management system, improving supplier reliability by 25%
- Led a crossfunctional team to implement a new contract management system, streamlining processes and reducing cycle time by 20%
- Developed a datadriven approach to demand forecasting, improving inventory management and reducing waste by 18%
Awards
- Partner Excellence Award for Outstanding Supplier Relationship Management
- Industry Recognition for Best Practices in Strategic Sourcing Management
- Recognition for Excellence in Supply Chain Optimization
- Award for Outstanding Commitment to Sustainable Procurement
Certificates
- Certified Professional in Supply Management (CPSM)
- Certified Supply Chain Professional (CSCP)
- Certified Six Sigma Green Belt
- Certified Purchasing Manager (CPM)
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How To Write Resume For Strategic Sourcing Manager
- Highlight your experience in developing and executing sourcing strategies that have resulted in significant cost savings and operational improvements.
- Quantify your accomplishments whenever possible, using specific metrics to demonstrate the impact of your work.
- Showcase your expertise in market research, supplier relationship management, and contract negotiation.
- Emphasize your ability to manage a team and drive collaboration across the organization.
Essential Experience Highlights for a Strong Strategic Sourcing Manager Resume
- Develop and execute sourcing strategies aligned with the company’s long-term business objectives.
- Conduct market research and industry analysis to identify potential suppliers and assess their capabilities.
- Negotiate and execute procurement contracts that optimize cost, quality, and lead times.
- Establish and manage vendor relationships to ensure consistent performance and value delivery.
- Implement eSourcing tools and technologies to streamline procurement processes and improve efficiency.
- Manage a team of sourcing professionals, providing guidance and support to ensure effective procurement practices.
- Monitor and evaluate procurement performance to identify areas for continuous improvement.
Frequently Asked Questions (FAQ’s) For Strategic Sourcing Manager
What is the primary responsibility of a Strategic Sourcing Manager?
The primary responsibility of a Strategic Sourcing Manager is to develop and execute sourcing strategies that drive cost reduction, improve operational efficiency, and align with the company’s long-term business objectives.
What skills are essential for a successful Strategic Sourcing Manager?
Essential skills for a Strategic Sourcing Manager include contract negotiation, supplier relationship management, strategic planning, cost reduction, market analysis, and demand forecasting.
What is the career path for a Strategic Sourcing Manager?
The career path for a Strategic Sourcing Manager typically involves progression to leadership roles such as Director of Procurement or Vice President of Supply Chain.
What are the key challenges faced by Strategic Sourcing Managers?
Key challenges faced by Strategic Sourcing Managers include managing supplier risk, dealing with market volatility, and ensuring compliance with regulations.
What is the average salary for a Strategic Sourcing Manager?
The average salary for a Strategic Sourcing Manager in the United States is around $120,000 per year.
What are the top companies that hire Strategic Sourcing Managers?
Top companies that hire Strategic Sourcing Managers include Accenture, General Electric, and Amazon.
What are the benefits of working as a Strategic Sourcing Manager?
Benefits of working as a Strategic Sourcing Manager include competitive salary, career growth opportunities, and the ability to make a significant impact on the company’s bottom line.