Necessary skills for Sourcing Manager: skills and requirements

General requirements of a Sourcing Manager

- At least 5 years of experience in procurement and sourcing
- Proven track record of successful negotiations with suppliers
- Comprehensive understanding of the supply chain and logistics
- Excellent analytical, organizational and problem-solving skills
- Excellent communication and interpersonal skills

Skills and Behaviours for a Sourcing Manager

Cost control
Budgeting Cost Control Cost of goods sold Cost reduction Standard Costs Variance analysis
E-Procurement
E-Sourcing E-auctions
Knowledge of business environment
Business Knowledge Feasibility Studies Gap Analysis Market trends
Procurement & Purchasing
Procurement Purchasing Strategic Sourcing Subcontracting Supplier Negotiation Supply Management bidding
Project management
Gantt Charts Project Coordination Project Estimation Project Planning Project cost management Stakeholder Management
Communicating information
Active Listening Asking the right questions Influencing and persuading others Synthesizing information
Developing others
Coaching others to succeed Enhancing individual and professional development Sharing knowledge, skills and expertise to others
Negotiation
Closing deals Leading win-win discussions
Relationship Building
Growing network and relationships Nurturing long term relationships

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