We are seeking a Sourcing Manager to join our team. The ideal candidate will contribute to the Operational Sourcing team by developing and implementing initiatives for tail spend. This involves initiative ideation, business case development, strategy planning, and executing sourcing methodologies, negotiations, and contracting to achieve optimal results in assigned spending areas.
About the Role:
In this opportunity as Sourcing Manager
Contribute within Operational Sourcing team towards the development of initiatives under Tail spend and implement initiatives in assigned areas of spend through the process of initiative ideation, qualification / business case development, developing strategies/plans for execution of sourcing methodology, negotiations and contracting to achieve the best possible outcomes.
Apply sourcing practices and manage low value / low risk tail spend supplier negotiations to ensure full benefits are realized and sustained.
Create / Develop and manage eRFx / quick bidding events, driving the use of digital tools to support compliance to established protocols for effective management of Tail spend.
Support the contracting process from drafting to execution by negotiating contracts through applying best in class practices and following the organization’s contracting guidelines.
Continuously manage priorities effectively, focusing on efficient work results. Manage a project against a plan and objectives to ensure commitments are met by monitoring, assessing, and resolving variances in budget, timing or quality of work.
Act as a point of contact within Operational Sourcing to address queries from vendors and internal stakeholders on the Procure to Pay processes.
Uphold applicable Source to Pay policies, Legal policies, Ethics / Compliance code and any other internal or external policies / regulations / laws that influence the Procurement process.
Develop customer relationship and add value through working with cross functional teams, maintain alignment with the business objectives.
Support Sourcing function activities related to Supplier Diversity and Corporate Responsibility Lead / Manage vendor rationalization Initiatives
Lead / Manage Sourcing projects and deliver savings.
Identify, co-develop and contribute ideas and initiatives to overall objectives of Operational Sourcing in optimizing the Tail spend
Create, renegotiate, renew, and discontinue supplier agreements or contracts as appropriate to reduce cost and minimize risk
Recommend, support, lead and monitor supplier rationalization initiatives to deliver business objectives and achieve sustainable cost savings
Create and Manage RFx events complying with the larger Operational Sourcing team’s objective to drive more competition in the procurement process
Sourcing performance internal metrics and data collection processes will be followed, actively monitored, and viewed as credible and accurate
About You:
You’re a fit for the role of Sourcing Manager if your background includes:
A minimum of 7+ years of experience in operational sourcing is required.
The role requires the candidate to work in flexible time shift.
Sound understanding of Spend Analytics, including the process of classification of spend and analytics of spend across different dimensions.
Sound understanding in contract drafting, red lining, contract negotiation and execution,
Solid understanding of the eSourcing process having hands-on experience in building and managing eSourcing events in Source to Pay tools (preferably Ariba).
Ability to understand the cost / market drivers in a category to help build strategies to optimize cost for a category, in line with the business priorities and based on a scenario-based analysis.
Sound experience in managing the tail spend, identifying the apt levers to optimize the spend (tactical buying, quick bidding, specifications review etc.)
Strong analytical & contract negotiation skills, with the ability to drive detailed contractual discussions internally and externally.
Excellent communication and good stakeholder partnering skills, with emphasis on building relationships throughout the organization.
Solid understanding of the Procure to Pay practices, processes and tools and an understanding of different buying channels and required analytics to monitor compliance.
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What's in it For You?
You will join our inclusive culture of world-class talent, where we are committed to your personal and professional growth through:
Hybrid Work Model: We’ve adopted a flexible hybrid working environment (2-3 days a week in the office depending on the role) for our office-based roles while delivering a seamless experience that is digitally and physically connected
Wellbeing: Comprehensive benefit plans; flexible and supportive benefits for work-life balance: flexible vacation, two company-wide Mental Health Days Off; work from another location for up to a total of 8 weeks in a year, 4 of those weeks can be out of the country and the remaining in the country, Headspace app subscription; retirement, savings, tuition reimbursement, and employee incentive programs; resources for mental, physical, and financial wellbeing.
Culture: Globally recognized and award-winning reputation for equality, diversity and inclusion, flexibility, work-life balance, and more.
Learning & Development: LinkedIn Learning access; internal Talent Marketplace with opportunities to work on projects cross-company; Ten Thousand Coffees Thomson Reuters café networking.
Social Impact: Ten employee-driven Business Resource Groups; two paid volunteer days annually; Environmental, Social and Governance (ESG) initiatives for local and global impact.
Purpose Driven Work: We have a superpower that we’ve never talked about with as much pride as we should – we are one of the only companies on the planet that helps its customers pursue justice, truth and transparency. Together, with the professionals and institutions we serve, we help uphold the rule of law, turn the wheels of commerce, catch bad actors, report the facts, and provide trusted, unbiased information to people all over the world.
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We are powered by the talents of 26,000 employees across more than 70 countries, where everyone has a chance to contribute and grow professionally in flexible work environments that celebrate diversity and inclusion. At a time when objectivity, accuracy, fairness and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward.
Accessibility
As a global business, we rely on diversity of culture and thought to deliver on our goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.
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