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Loram Maintenance of Way, Inc. · 1 day ago

Strategic Sourcing Manager

Hamel, MN

Full-time

Hybrid

Senior Level, Lead/Staff

8+ years exp

Loram Maintenance of Way, Inc. is seeking a Strategic Sourcing Manager to develop and execute a strategic sourcing function that optimizes supplier negotiations and commodity plans. The role involves leading a team to achieve cost reductions and aligning sourcing strategies with business needs while ensuring compliance with legal and risk guidelines.

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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

Strategic SourcingSupplier NegotiationsCost Reduction StrategiesSupply Chain ManagementContract ManagementLeadership SkillsProactiveChange ManagementERP SystemsMicrosoft ApplicationsSix SigmaLEAN CertificationInterpersonal SkillsProblem SolvingCommunication SkillsPresentation SkillsConflict ResolutionSelf-MotivatedTeam LeadershipRelationship BuildingDecision Making

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