Strategic Sourcing Manager: Key Skills, Qualifications and Career Path
Learn about the key skills, qualifications, and career path for a Strategic Sourcing Manager
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Practice Now »What is a Strategic Sourcing Manager?
A Strategic Sourcing Manager is in charge of finding the best possible goods or services at the most affordable price for their organisation. Their role includes building relationships with suppliers, negotiating contracts, and making sure the purchasing process is efficient and cost-effective.
Skills
- Strong negotiation and contract management skills
- Excellent analytical and problem-solving abilities
- Proficiency in strategic planning and forecasting
- Effective communication and interpersonal skills
- Knowledge of supply chain management principles
- Ability to build and maintain relationships with suppliers and stakeholders
- Proficient in data analysis and financial management
- Strong leadership and team management skills
- Familiarity with procurement regulations and compliance
- Ability to adapt to changing market conditions and industry trends
Qualifications & Education
- A levels/H grades
- BTEC/SQA award
- S/NVQs at level 3 or above
- Degree or equivalent qualification
- Off-the-job training
- On-the-job training
- Professional qualifications
- Chartered status achievement
Career Path
Frequently Asked Questions
To become a sourcing manager, you typically need proven work experience as a sourcing manager or procurement manager. It is also important to have familiarity with sourcing and vendor management, as well as relevant software. Additionally, having an understanding of market dynamics and sound business judgement is crucial. Strong project management and leadership skills are also important for this role.
No, a strategic sourcing manager is not the same as a procurement manager. While procurement involves day-to-day transactions and issuing purchase orders, strategic sourcing encompasses a broader range of activities, including supplier development.
The career path for a strategic sourcing manager typically involves starting in a procurement role such as a category manager, procurement manager, sourcing specialist, or supply chain manager. After gaining at least three years of experience in these roles, individuals can then move into the strategic sourcing manager position.
Identify your strengths and weakness in a realistic Strategic Sourcing Manager mock interview, under 10 minutes
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