Senior Sourcing Manager Job Description
This role involves managing and optimizing sourcing strategies for external suppliers, as well as playing a pivotal role in category management, negotiation of supplier agreements, risk mitigation, and value creation for the business.
Responsibilities:
* Develop and manage relationships with external suppliers to ensure alignment with company goals and compliance standards.
* Evaluate supplier performance through KPIs, audits, and regular reviews to ensure high-quality delivery and continuous improvement.
* Define and implement strategic sourcing initiatives to drive cost savings and enhance supplier efficiency.
* Monitor market trends, risks, and opportunities to ensure a resilient and competitive supply chain.
* Lead negotiations on pricing, contracts, and terms with suppliers to achieve optimal cost structures.
* Ensure supplier agreements are compliant with regulatory standards and aligned with business requirements.
* Collaborate with internal teams (R&D, Quality, Regulatory Affairs, and Operations) to align sourcing decisions with product requirements and project timelines.
* Work closely with legal teams to ensure contracts comply with global regulatory frameworks.
Key Requirements:
* 5+ years of sourcing or procurement experience in the pharmaceutical or life sciences industry.
* Proven track record in managing external suppliers, negotiating contracts, and optimizing sourcing strategies.
* Familiarity with pharmaceutical raw materials, APIs, and excipients sourcing.
* Analytical mindset with the ability to identify opportunities for cost savings and process improvement.