Strategic Sourcing Manager

Sourcing Manager

U.S. Bank is seeking a Sourcing Manager with vendor management and contractual negotiation experience to contribute toward the success of our vendor expense initiatives. Responsibilities include the support of processes and practices necessary to source and manage suppliers to produce quality products / services and manage risk. Performs tactical planning for sourcing initiatives and spend management for a portfolio of spend. Project work includes recommendations relating to vendor choice, negotiation strategy, business requirements definition focusing on vendor negotiations with an array of vendors. Regularly interacts with business line subject matter experts providing recommendations and incorporating original thought and credible challenge. Support Business Lines with their vendor negotiations with existing or new smaller vendor relationships. Periodic work focused on identifying and assisting in the deliverance of cost savings, pricing negotiations, consolidation opportunities, demand management, etc. Additional responsibilities : Negotiates to optimize client's budget and other financial responsibilities; Performs sourcing and planning; Reviews business standards for vendor performance; Coordinates activities related to anticipating, negotiating, and executing the managed contracts; Assists with contractual negotiation activities to ensure quality and compliance with contract procedures and standards; Collaborates with business line clients to establish plans, standards, and procedures that will add value to strategic vendor relationships and mitigates any risks to the company.

Basic Qualifications - Bachelor's degree in business, finance, supply chain management or logistics, or equivalent work experience - At least one year of related experience Preferred Skills / Experience - Experience in creation and / or implementation of a category strategy for enterprise-wide expenditures - Thorough knowledge of category management in areas such as consulting, temporary labor, business process outsourcing - Ability to manage relationships with large, strategic vendors - Well-developed critical thinking and analytical skills - Ability to work effectively with individuals and senior level executives inside and outside the organization - Excellent verbal and written communication skills