Sr. Strategic Sourcing Consultant -labor, consulting, research services and business process

1 month ago

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Sr. Strategic Sourcing Consultant (Investment Operations and Investment Group business areas) (Hybrid, 3 days onsite)

12-month contract (potential extension)

Irvine, CA 92618

Overview:

A Senior Strategic Sourcing Consultant is a highly experienced professional within Sourcing who leads the development and execution of strategic sourcing strategies for complex goods and services. This role focuses on sourcing activities for the Investment Operations and Investment Group business areas within our Organization.
They will actively manage relationships with internal stakeholders with an emphasis on developing positive customer experience, drive end to end completion of source to pay processes, collaborate with internal stakeholder to identify cost-saving opportunities, manage supplier relationships, and negotiate favorable contract terms while ensuring compliance with company policies and best practices.

Responsibilities:

Strategic Sourcing Planning:
Conduct in-depth market research to identify potential suppliers and assess market trends.
Develop comprehensive sourcing strategies for assigned categories, including cost reduction targets, supplier selection criteria, and risk mitigation plans.
Collaborate with internal stakeholders to understand business needs and translate them into clear sourcing requirements.

RFx Management:

Lead the design and execution of Request for Information (RFI), Request for Quotation (RFQ), and Request for Proposal (RFP) processes.

Analyze supplier responses, evaluate proposals based on price, quality, delivery, and other relevant factors.

Supplier Negotiation:

Develops negotiation strategies and leads negotiations of complex contract provisions

Conduct complex contract negotiations with suppliers, ensuring optimal pricing and terms while balancing risk and value.

Develop and manage master agreements, including legal terms and conditions.

Relationship Management:

Build and maintain strong relationships with key internal stakeholders and suppliers. Ability to address supplier performance issues and driving continuous process improvement.

Monitor supplier performance against contractual obligations and KPIs.

Cost Optimization:

Analyze spend data to identify cost-saving opportunities and implement strategic sourcing initiatives.

Utilize cost modeling and total cost of ownership (TCO) analysis to evaluate sourcing options.

Stakeholder Management:

Communicate sourcing strategies and progress to internal stakeholders, including senior management.

Proactively manage expectations and address concerns related to sourcing activities.

Qualifications:

Bachelor’s Degree & 7+ years of advanced strategic sourcing experience with mastery of strategic and tactical procurement principles, practices, and models
Deep understanding of sourcing principles, sourcing methodologies, and contract law.
Analytical Skills:
??????? Proficiency in data analysis, spend analytics, and financial modeling to identify cost savings opportunities.

Negotiation Skills:
o Proven ability to negotiate complex contracts and achieve favorable terms for the organization.

Market Knowledge:
o Extensive knowledge of relevant supplier markets, industry trends, and competitive landscape.

Communication and Relationship Management:

Strong written and verbal communication skills; strong presentation skills to all audience levels, including the ability to effectively conduct complex project/program meetings and influence others o Ability to manage ambiguity and change while working in a highly collaborative and fast-paced environment.

Project Management Skills:

???????Ability to lead and manage complex sourcing projects from initiation to completion.

Ability to manage ambiguity and change while working in a highly collaborative environment.

Ability to manage individual project timelines and drive completion of projects under limited supervision