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Sourcing Manager

2 months ago

Sharjah, Sharjah, United Arab Emirates Marsh And Mclennan Full time
Key Responsibilities:
  • Evaluating and Improving Sourcing Processes: Conduct thorough assessments of current sourcing procedures and develop strategic recommendations for improvement, presenting findings and proposed solutions to senior management for approval.
  • Cost Analysis and Reduction: Analyze and calculate procurement costs, identifying opportunities for cost reduction and developing targeted strategies to achieve savings.
  • Purchasing Decision-Making: Drive informed purchasing decisions based on thorough cost and scenario analysis, as well as market trend research.
  • Contract Negotiation: Negotiate contracts with key suppliers, ensuring favorable terms and conditions, including costs, service levels, and quality standards.
  • Supplier Relationship Management: Collaborate with the procurement department to identify and pursue new supplier opportunities, fostering strong partnerships and strategic relationships.
  • Market Research and Forecasting: Conduct market research and create detailed cost estimates and forecasts to inform procurement decisions.
  • Team Leadership: Hire, train, and manage procurement department employees, ensuring they have the skills and expertise needed to succeed in their roles.
  • Risk Management: Identify and mitigate risks associated with procurement, ensuring compliance with industry regulations and developing contracts that minimize exposure.