Director of Global Sourcing Job Description
This is an example of a Director of Global Sourcing job description for a reference when building your resume. Analyze the qualifications and requirements listed to get an understanding of what you need to include on your resume for what employers would look for in this field.
SUMMARY:
As a Director of Global Sourcing, your primary responsibility is to lead and oversee the strategic sourcing and procurement activities for a company operating on a global scale. You will develop and implement sourcing strategies, manage supplier relationships, and optimize the procurement process to ensure cost-effective acquisition of goods and services. Your role involves collaborating with cross-functional teams, analyzing market trends, and driving operational excellence in global sourcing operations.
Additional strategies for this can be found here.
FUNCTIONAL DUTIES:
- Global Sourcing Strategy: Develop and implement a comprehensive global sourcing strategy aligned with the company’s business objectives. Define sourcing goals, identify potential sourcing opportunities, and evaluate supplier capabilities. Continuously monitor market trends, global trade regulations, and industry best practices to drive sourcing innovation and efficiency.
- Supplier Evaluation and Management: Identify and evaluate potential suppliers based on quality, cost, reliability, and sustainability criteria. Conduct supplier assessments, due diligence, and performance reviews. Establish and maintain strong relationships with suppliers, negotiate contracts, and manage supplier performance to ensure quality, reliability, and continuous improvement.
- Negotiation and Contract Management: Lead contract negotiations with suppliers to secure favorable terms, pricing, and service levels. Collaborate with legal and contract management teams to review, draft, and negotiate supplier contracts and agreements. Ensure compliance with procurement policies, legal requirements, and quality standards.
- Global Supplier Network: Build and maintain a global supplier network to support business needs. Identify potential new suppliers and markets, establish relationships, and assess supplier capabilities. Foster strategic partnerships with key suppliers to enhance collaboration, innovation, and competitive advantage.
- Cost Optimization: Implement cost optimization strategies to drive savings and efficiency in global sourcing operations. Analyze total cost of ownership, conduct price analysis, identify cost-saving opportunities, and negotiate pricing with suppliers. Monitor and report on cost reduction initiatives and key performance indicators (KPIs).
- Supply Chain Risk Management: Identify and assess risks within the global supply chain, including geopolitical risks, trade barriers, supplier disruptions, and currency fluctuations. Develop and implement risk mitigation strategies, contingency plans, and supplier diversification initiatives to minimize supply chain disruptions.
- Supplier Performance and Quality Management: Monitor supplier performance metrics, including delivery times, quality, responsiveness, and sustainability. Conduct regular supplier performance reviews, address performance issues, and drive continuous improvement through supplier development programs. Collaborate with quality assurance teams to ensure adherence to quality standards and specifications.
- Cross-functional Collaboration: Collaborate closely with cross-functional teams, including operations, finance, legal, and product development, to align global sourcing activities with business objectives. Participate in cross-functional meetings, provide expertise on global sourcing matters, and support new product introductions and supply chain initiatives.
- Compliance and Ethical Standards: Ensure compliance with procurement policies, legal requirements, global trade regulations, and ethical standards. Stay updated on international trade laws, import/export regulations, and social responsibility standards to ensure adherence and mitigate any potential compliance risks.
- Leadership and Team Development: Provide strategic direction, mentorship, and leadership to the global sourcing team. Foster a culture of excellence, teamwork, and continuous improvement. Develop talent, facilitate training programs, and empower the team to achieve departmental and organizational goals.
REQUIREMENTS:
- Bachelor’s degree in business administration, supply chain management, or a related field. Master’s degree or relevant certifications (e.g., CSCP, CPSM) are advantageous.
- Proven experience in global sourcing, strategic procurement, or supply chain management, preferably in a global or multinational organization.
- Strong knowledge of global sourcing strategies, supplier evaluation, negotiation techniques, and contract management.
- Proficiency in global trade regulations, import/export compliance, and customs requirements.
- Excellent analytical and problem-solving skills to assess market data, conduct cost analysis, and make data-driven decisions.
- Excellent communication and interpersonal skills to collaborate with cross-functional teams and stakeholders.
- Strong negotiation and influencing skills.
- Familiarity with risk management principles and supply chain resilience strategies.
- Strong leadership and team management abilities.
- Strong computer skills, including proficiency in Microsoft Office and procurement software.
This job description provides a general overview of the responsibilities and qualifications typically associated with the role of a Director of Global Sourcing. Actual job descriptions may vary depending on the organization’s industry, size, and specific requirements.
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