Necessary skills for Strategic Sourcing Manager: skills and requirements
General requirements of a Strategic Sourcing Manager
• Bachelor's degree in Business, Supply Chain, or a related field
• 5+ years of professional experience in strategic sourcing or related field
• Proven track record of successfully executing sourcing strategies and initiatives
• Knowledge and understanding of supplier procurement processes and pricing structures
• Ability to develop and maintain strong relationships with key stakeholders, vendors, and suppliers
Skills and Behaviours for a Strategic 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