Loram Maintenance of Way, Inc. · 9 hours ago
Strategic Sourcing Manager
Hamel, MN
Full-time
Hybrid
Senior Level, Lead/Staff
8+ years expLoram Maintenance of Way, Inc. is a company focused on providing maintenance services for the railroad industry, and they are seeking a Strategic Sourcing Manager. The role involves developing and executing a strategic sourcing function to optimize supplier negotiations and commodity plans, while leading a team to enhance sourcing strategies and processes in support of corporate objectives.
Information TechnologyTransportation
No H1B
Responsibilities
Design and execute an end-to-end roadmap for Strategic Sourcing on direct/indirect spend for major commodities including opportunity analysis, strategy development, evaluation, and SRM for Loram
Lead a team of Sourcing professionals to achieve clear, high attainable standards and goals including year over year cost reductions while ensuring compliance with company legal and risk guidelines
Develop, execute, and maintain strategic sourcing related policies and enforce compliance of policies
Establish mutual KPI goals with functional leaders that align strategic sourcing goals to business needs
Develop, execute, and maintain the annual strategic sourcing plans including preparation of supply and demand profiles, and measurement of department performance against standards and benchmarks
Align Loram practices with best-in-class Strategic Sourcing standards. Lead critical sourcing events and strategic sourcing projects to deliver value to Loram
Identify and achieve year-over-year cost reduction strategies by leveraging market knowledge, industry trends, supplier optimization, predictable pricing, and TCO modeling (price, cost, demand & value)
Influence relevant business functional decisions throughout the company to achieve the highest level of contribution to profit, growth, and competitive advantage utilizing leading Sourcing principles
Execute, leverage, and deploy sourcing levers across all spend categories to create a competitive advantage for Loram and deliver innovative business solutions
Lead all aspects of supplier negotiations with internal business partners to draft and execute contracts that protect the business interests of Loram, while providing the best overall value
Oversee and advise on contract structure, Terms and Conditions, and performance-based contracting with Suppliers
Implement joint process improvement programs with strategic suppliers by assessing the success of current processes and programs; and identifies opportunities for improvement
Influence suppliers' manufacturing processes, technology decisions, and policies in ways that are mutually beneficial and sustainable for both organizations by leveraging the growth of Loram’s spend
Qualification
Required
Bachelor's Degree in business, Supply Chain, Engineering, Finance, Economics, or related field
Minimum 8 years' experience in increasingly broader procurement/sourcing roles
Minimum 7 years' leadership within a Procurement/Sourcing function
Experience developing and leading Strategic Sourcing functional strategies
Demonstrated skill in developing and executing SRM and leading complex negotiations to successful outcomes
Ability to work with all levels in organization including legal counsel to negotiate contract terms and conditions
Strong interpersonal and leadership skills including the ability to influence all levels of internal and external organizations through effective communication, presentation, and persuasive positioning
A proven track record of cost reduction and productivity improvements; ability to motivate and drive change while building solid relationships with internal clients and external Suppliers
Preferred
Masters is a plus
Professional Certification (CPM/CSPM/APICS) is strongly preferred
Highly proficient in all Microsoft applications, including advanced PowerPoint skill (Building high quality decks), general ERP systems (IFS), Six Sigma and or LEAN certified
Confident problem solver with quick decision-making capability and conflict resolution skills, self-motivated, proactive individual who will constantly seek improvement opportunities
Benefits
Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 30 work days annually to work from home!
Company
Loram Maintenance of Way, Inc.
Loram Maintenance of Way, Inc. is a railroad maintenance equipment and services provider.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
B
Bradley Willems
President and CEO
Recent News
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