Supplier Acquisition Manager Job Description Template
As a Supplier Acquisition Manager, you will play a pivotal role in expanding our supplier base. You will identify potential suppliers, negotiate terms, and ensure they meet our quality and compliance standards. Your goal is to enhance our product offerings and ensure a steady supply chain.
Responsibilities
- Identify and research potential suppliers.
- Negotiate contracts and terms with suppliers.
- Build and maintain strong relationships with suppliers.
- Coordinate with internal teams to assess supplier performance.
- Ensure suppliers meet quality and compliance standards.
- Monitor market trends to identify new supplier opportunities.
- Report on supplier acquisition status and performance metrics.
Qualifications
- Bachelor's degree in Business, Supply Chain Management, or related field.
- 3+ years of experience in supplier management or procurement.
- Proven negotiation and contract management skills.
- Strong analytical and problem-solving abilities.
- Excellent communication and interpersonal skills.
- Ability to work independently and within a team.
- Experience with supply chain management software.
Skills
- Negotiation
- Contract Management
- Supplier Relationship Management
- Market Research
- Supply Chain Management
- Communication
- Analytical Thinking
- Problem-Solving
- ERP Systems
- Excel
Frequently Asked Questions
A Supplier Acquisition Manager is responsible for identifying, evaluating, and onboarding new suppliers to meet a company's needs. They ensure that suppliers align with company standards and negotiate terms to secure favorable contracts. This role involves market research, relationship building, and performance analysis to maintain a reliable supply chain.
Becoming a Supplier Acquisition Manager typically requires a bachelor's degree in business, supply chain management, or a related field. Experience in procurement or supply chain operations is crucial. Developing strong negotiation and communication skills, along with a deep understanding of industry trends, can help in advancing to this role.
The average salary for a Supplier Acquisition Manager varies based on location, experience, and industry. Generally, it ranges within a competitive bracket, reflecting the strategic importance of supplier acquisition and management. Salary packages may also include performance bonuses and additional benefits.
Qualifications for a Supplier Acquisition Manager typically include a degree in business, supply chain management, or a similar discipline. Professional certifications such as CPSM or CSCP can enhance prospects. Experience in supplier management, procurement, and strategic sourcing is also critical for this role.
A successful Supplier Acquisition Manager requires strong analytical skills to assess potential suppliers, negotiation abilities to finalize contracts, and interpersonal skills to foster relationships. They are responsible for supplier performance evaluation, risk assessment, and ensuring alignment with company goals. Effective communication and strategic planning are essential to drive successful supplier partnerships.