Assistant Manager – Sourcing Job Description Template
The Assistant Manager – Sourcing plays a critical role in managing the supply chain by developing sourcing strategies, overseeing vendor relationships, and ensuring the timely procurement of quality goods and services. The position demands a combination of analytical prowess and negotiation skills to achieve cost-efficient sourcing without compromising quality.
Responsibilities
- Develop and implement effective sourcing strategies.
- Manage vendor relationships and performance.
- Negotiate contracts and pricing with suppliers.
- Monitor market trends and conditions to identify cost-saving opportunities.
- Coordinate with internal departments to understand sourcing needs.
- Ensure timely procurement of goods and services to meet company needs.
- Analyze procurement data to inform sourcing decisions.
- Maintain accurate records of sourcing activities and vendor negotiations.
Qualifications
- Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
- 3-5 years of experience in sourcing or procurement.
- Strong negotiation and analytical skills.
- Proven ability to manage vendor relationships.
- Excellent communication and interpersonal skills.
- Proficiency in procurement software and ERP systems.
Skills
- Negotiation
- Vendor Management
- Data Analysis
- Market Research
- ERP Systems
- Contract Management
- Microsoft Excel
- Project Management
Frequently Asked Questions
An Assistant Manager – Sourcing is responsible for managing the procurement processes, negotiating with suppliers, and ensuring a steady supply of materials necessary for production. They analyze market trends, prepare cost estimates, and work closely with vendors to find the best products at competitive prices. This role also involves implementing sourcing strategies to optimize supply chain efficiency.
To become an Assistant Manager – Sourcing, one typically needs a bachelor's degree in supply chain management, business administration, or a related field. Experience in purchasing, negotiation, and vendor management is critical. Building a career path often involves starting in entry-level procurement roles and advancing with skills in strategic sourcing and supplier relationship management. Certifications in supply chain management can enhance qualifications.
The average salary for an Assistant Manager – Sourcing can vary based on location, industry, and experience. Generally, it includes a base salary supplemented by bonuses or profit-sharing options. Compensation may include additional benefits such as health care, retirement plans, and paid time off. Salaries also depend on the financial health of the organization and geographical cost of living.
Qualifying for an Assistant Manager – Sourcing position typically requires a bachelor's degree in a relevant area like supply chain management or business. Employers often seek candidates with several years of experience in procurement or sourcing roles. Key qualifications include strong negotiation skills, analytical abilities to interpret market data, and proficiency in procurement software and tools.
An Assistant Manager – Sourcing requires skills in negotiation, supplier relationship management, and strategic sourcing. Responsibilities include overseeing purchasing activities, reviewing and negotiating contracts, and collaborating with cross-functional teams. Strong analytical skills are necessary to assess supplier performance and market trends, ensuring cost-effective procurement solutions. Familiarity with supply chain technologies is also beneficial.