Strategic Sourcing Manager
2 weeks ago
Job Summary
Hatch Asia is seeking a highly skilled Strategic Sourcing Manager to join our team. As a key member of our procurement team, you will be responsible for formulating a comprehensive multi-year sourcing strategy, identifying strategic sourcing prospects, and leading sourcing initiatives to secure goods and services at the most economical cost.
The Challenges
- Develop and implement a comprehensive sourcing strategy, complete with estimated costs and potential savings derived from identified opportunities, expected demand, and contract renewal timelines.
- Identify and evaluate strategic sourcing prospects aimed at achieving cost savings and enhancing margins, and effectively communicate and educate key stakeholders on the strategic sourcing methodology and process.
- Lead sourcing initiatives to secure goods and services at the most economical cost, aligning with Hatch Asia's standards for quality, performance, service, and availability, and strive to meet or exceed established performance goals for savings, margin improvement, and customer satisfaction.
- Oversee sourcing deals and contracts, ensuring that the commercial and cost-saving advantages are realized at the P&L level, and foster crucial supplier relationships, monitoring and evaluating performance in alignment with contract terms, service level agreements, and key performance indicators.
- Ensure accurate product categorization and item classification in the ERP system, regularly reviewing and updating as necessary, and uphold a commitment to achieving world-class customer service.
- Develop and implement strategic sourcing policies and procedures, crafting plans to address existing gaps and ensuring adherence to compliance standards.
- Foster an environment that promotes and rewards teamwork and collaboration, both internally and externally.
What It Takes
- Bachelor's degree in Supply Chain or related discipline.
- Experience in strategic sourcing of indirect products within aerospace, manufacturing, or high-tech industry.
- Strong business acumen and experience managing complex supply chains and cost models.
- Ability to think strategically and communicate effectively with all levels of management.
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