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MUFG · 2 days ago

Strategic Sourcing, Vice President

Tempe, AZ

Full-time

Hybrid

Senior Level, Lead/Staff

$126K/yr - $148K/yr

10+ years exp

Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups, striving to make a difference for every client and community. The Strategic Sourcing, Vice President is responsible for developing and executing comprehensive sourcing strategies to drive efficiency and value across the organization while building strong relationships with stakeholders and suppliers.

Financial Services

Responsibilities

Develop a comprehensive strategic sourcing strategy for various lines of business in alignment with defined business objectives and overall corporate objectives

Lead the end-to-end sourcing process and facilitate analysis and collaboration of a cross-functional team, leveraging market/industry insights to make strategic recommendations

Develop negotiation strategy and lead negotiations to maximize total value and minimize risk

Achieve cost savings and customer satisfaction targets

RFx/Contract management

Lead and execute on commodity/category/supplier strategy to deliver maximum value

Understand business partner’s objectives and business drivers and integrate into the commodity/category/supplier strategy with input from key stakeholders

Build and maintain value-measured relationships with key stakeholders to drive sustained results while ensuring strategies remain in alignment with business goals

Conduct regular business reviews with key suppliers to ensure compliance with contract deliverables

Provide full and accurate category 'market intelligence' by leading and performing in-depth analysis, understanding market drivers, and cost structures across the category level

Maintain industry and market awareness trends through research and networking

Create commodity or supplier specific sourcing strategies to optimize the supply base, diversity spending and total cost of ownership

Qualification

Strategic sourcing strategyStakeholder relationship managementNegotiation strategyMarket researchBudget managementAnalytical skillsTeam buildingContinuous improvementLeadership skills

Required

Bachelor's Degree and typically 10 plus years of relevant experience

Strong leadership, management, planning, organizational, analytical, and continuous improvement skills

Management and supervisory skills including team building, influencing, motivating, developing, and managing onsite and offsite staff

Provide oversight, coaching and mentoring to other sourcing managers within the organization

Interaction with Executive Committee members of the company

Experience influencing cross-functional leaders in a large organization, some of whom may have different priorities and goals

Proven ability to produce results that impact a broad portfolio of spend or change across the organization

Ownership of delegated authority from sourcing leadership team for decision making and/or strategic planning

Experience managing a budget, workload, headcount, and team

Strong business acumen, ability to provide strategic vision, tactical planning, sound judgment, prudent recommendations, balance risks, solve complex issues, overcome obstacles and challenging circumstances, results oriented, negotiate win-win, and produce positive decisions and outcomes