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Strategic Sourcing Manager (IC Role)

Strategic Sourcing Manager (IC Role)

ConfidentialBengaluru / Bangalore, India
8 days ago
Job description

Job Overview

As the Manager of Global Sourcing, you will play a crucial role in developing, managing, and executing category strategies that support Fortrea's strategic imperatives and mission. You will position the Global Procurement Services organization as a trusted strategic partner across the enterprise.

Summary Of Responsibilities

  • Develop, manage, and execute category strategies to support Fortrea's strategic imperatives and mission.
  • Partner with leaders across the enterprise to ensure efficient and effective category strategies, preferred suppliers, and competitive supplier evaluation.
  • Lead multi-functional stakeholder teams on strategic sourcing initiatives, ensuring benefit realization and value creation.
  • Conduct regular contract review meetings with suppliers and key stakeholders to ensure performance meets expectations.
  • Cultivate a strong team environment and service culture to deliver timely and quality services.
  • Own and manage the end-to-end Source to Contract process for assigned categories, ensuring compliance and regulatory reporting.
  • Verify the relevance of sourcing strategy by consulting with leaders and understanding market trends.
  • Develop, monitor, and analyze procurement metrics and spend analytics.
  • Conduct market research and analysis to identify potential suppliers and negotiate favorable terms.
  • Ensure compliance with company policies, industry regulations, and ethical procurement practices.
  • Establish a robust supplier evaluation framework and identify opportunities for supplier development.
  • Deliver savings and value targets across multiple dimensions, including material deflation and cost optimization.

Qualifications (Minimum Required)

  • Bachelor&aposs degree in Business Administration, Supply Chain Management; MBA preferred or a related field.
  • A deep knowledge of sourcing processes, market trends, benchmarks, and best practices across categories under management.
  • In-depth knowledge of category strategy, management and sourcing, methodologies, and best practices.
  • Attention to detail and accuracy in analysis.
  • Ability to make decisions and commit to completion dates.
  • Ability to troubleshoot issues of high complexity.
  • Microsoft Office365 (Word, Excel, PowerPoint, Outlook, Teams, SharePoint)

    • Experience (Minimum Required)

  • Bachelor&aposs degree in Business Administration, Supply Chain Management, or a related field.
  • 7-10 years of experience in procurement or strategic sourcing roles or allied fields.
  • Experience in indirect procurement, supporting business functions such as Finance, Marketing, and HR.
  • Strong negotiation, communication, and project management skills.
  • Ability to work autonomously and operate with significant autonomy.
  • Proficiency in procurement software and data analysis tools
  • Proven analytical skills, and demonstrated ability to solve complex problems to drive value
  • Deep business and financial acumen and strong strategic and conceptual skills
  • Demonstrated excellent written and verbal communication skills
  • Demonstrated organizational, time management, and multi-tasking skills
  • Working knowledge of data analysis and forecasting tools and ability to develop actionable insights from data
  • Interpersonal skills and ability to build, develop and maintain trusted relationships both internally and externally

    • Preferred Qualifications Include

  • Fortrea may consider relevant and equivalent experience in lieu of educational requirements.
  • A related advanced degree.
  • C.P.M. or APICS Certification.

    • Physical Demands / Work Environment

  • Office-Based (Hybrid), at the discretion of the line manager.
  • Requires working with frequent interruptions and changes.
  • High degree of global participation within peer group via Teams and conference call assignments.
  • Strong ability to work unsupervised, yet still managing priorities of regional and global assignments.
  • Overtime may be required.

    • Learn more about our EEO & Accommodations request here.

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    Skills Required

    Data Analysis, Project Management, procurement software , Negotiation

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