Sourcing Manager

Date: Jul 13, 2024

Location: Jeddah, Western, SA, SAU

Company: Basamh Group

 

Accountabilities 

 

  • Employee duties are not limited only to the below-mentioned Accountabilities; he/she may perform other duties as assigned. 

 

Develop and Execute Sourcing Strategy: 

  • Develop Sourcing strategies for the assigned categories.  

  • Execute Sourcing strategic plans by delivering projects/actions driving strategy. 

 

Identify and Qualify Suppliers: 

Establish and Implement a process of swiftly identifying and qualifying suppliers meeting the Product/Service Specifications, Quality, Financial, Technology, and Risk requirements to support innovations with the targeted GM%.  

 

Establish and Maintain Supplier Relationship & Contracts: 

  • Prepare process/guidelines for creating robust contracts covering supply, cost, and quality risks. 

  • Ensure that contracts are formally executed and are kept updated. 

  • Deploy Suppliers Performance Tracking Score Card based on Aligned KPIs. 

  • Implement a supplier development plan to improve supplier’s performance -cost, quality, lead time. 

  • Deploy system to track the contract/SLA. Ensure the 95% compliance of contracts & SLA’s. 

 

Implement Strategic Sourcing Process 

  • Create competitive advantage through sourcing and continuously improve and re-evaluate the purchasing activities. 

  • Develop and manage suppliers to acquire goods and services in a way that aids in achieving the immediate needs of a business.   

  • Select vendors to supply a product that is routinely purchased including the definition of product requirements, identification of qualified suppliers, negotiation of pricing, service, delivery and payment terms and supplier selection. 

  • Deploy selective strategy to manage suppliers according to volume/risk. 

  • Develop and deploy a global sourcing program to help counter supply/cost risk by using counter season produce as well as low cost sourcing. 

  • Develop & Deploy an effective commodity strategy, i.e. futures/options buying to hedge/minimize the risk of cost upheavals. 

  • Develop/execute e-sourcing strategy utilizing technology/resources to improve sourcing performance. 

 

Leverage Market Knowledge/Intelligence: 

  • Continuously broaden/deepen market knowledge/intelligence to help drive better sourcing opportunities viz cost/quality/risk. 

  • Possess knowledge of different market structures & their implication on purchasing strategy. 

  • Participates in the development of segmenting the purchases by market structure and product type. 

 

Implement Effective Outsourcing Program: 

  • Create/Implement system for Strategic outsourcing analysis to help evaluate make/buy decisions at appropriate frequency. 

  • Transition and sustain outsourced business through effective supplier management/development. 

  • Recommendation of Termination/replace suppliers to mitigate risk and improve performance. 

 

Lead integrated total cost of ownership reduction plan: 

  • Create/implement process to reduce total cost of ownership on the assigned categories by altering to cost effective formula/packaging, consolidation, cost analysis, cost benchmarking etc. 

  • Reduce/Minimize cost upcharges by applying techniques like-Economic Price Adjustments, Establishing Cost Breakdowns, Negotiations and Joint Cost Savings Projects. 

 

Facilitate Cost/Profit Forecasting: 

Implement system to timely provide cost forecast for finished products/other products critical to revenues/bottom line. 

 

Organization Contributions: 

  • Help develop/simplify/automate process/procedures to make the organization more effective. 

  • Participate on Engagement Action planning and deliver the assigned projects/actions/expectations.  

 

Compliance to Purchasing Procedures, Systems, Legal and Internal Control Compliance: 

Executing of Purchasing/Procurement process/policy incorporating local/international Legal and Internal control requirements and delegation of authority.