Strategic Sourcing Manager - Technology

Strategic Sourcing Manager - Technology at Ztek Consulting Strategic Sourcing Manager - Technology at Ztek Consulting in Fairview, New Jersey Posted in 1 day ago.

Type:

full-time

Job Description:

Duties:

Strategic Sourcing- Technology Client is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. Client offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading is® ETFs.

Strategic Advisory:

Serve as a strategic advisor to all levels of management on all matters related to sourcing and procurement, offering insights and recommendations to optimize the vendor portfolio and achieve corporate transformation objectives. Build and deliver executive-ready presentations using advanced analytics (Power BI, SQL, Tableau) to support sourcing decisions and business cases. Contribute to enterprise-wide cost optimization programs by identifying and accelerating high-impact sourcing initiatives.

Sourcing Strategy Development:

Conduct rigorous external spend analysis to uncover opportunities for cost optimization. Design and execute comprehensive sourcing strategies to reduce cost, improve delivery resilience, and streamline vendor portfolios through competitive bidding, proofs-of-concepts, demand management, supplier consolidation, and process reengineering efforts that align with the company's overall business goals, ensuring cost-effectiveness, and quality.

Cross-Functional Collaboration:

Work closely with internal stakeholders to align sourcing strategies with enterprise cost targets and transformation goals. Build and manage cross-functional cost optimization programs to drive accountability and transparency in sourcing decisions.

Supplier Relationship Management:

Build and maintain strong relationships with key suppliers, negotiating and drafting favorable terms into contracts, ensuring the highest standards of quality and service.

Market Analysis:

Conduct thorough market research and analysis to identify trends, risks, and opportunities within the supply chain, and prepare PowerPoint decks to support informed sourcing decision-making.

Risk Management:

Identify potential risks within the supply chain and develop mitigation plans to ensure business continuity and minimize disruptions.

Cost Management:

Implement cost-saving initiatives and strategies to reduce overall expenses without compromising on quality or performance.

People Management:

Recruit, coach, mentor, and indirectly manage junior staff as necessary.

Experience required:

• 10+ years of experience in strategic sourcing or supply chain strategy in a complex, global environment-ideally within financial services, tech, or consulting, with a proven track record of success in a technology-related strategic sourcing advisory role.
• Experience working on enterprise-level software and hardware purchase agreements with the likes of Anthropic, OpenAI, Microsoft, AWS, Google, Adobe, IBM, and Snowflake among others.
• Experience working in or partnering with a Financial Planning and Analytics function or other budget-setting and spend tracking function. Exceptional program and stakeholder management skills with a strong bias for execution.
• Strong command of procurement analytics and ability to translate data into actionable insights and persuasive narratives.
• Expertise with cat

Skills:

egory planning, competitive bidding techniques (RFI, RFP, RFQ), creation of business cases, vendor selection, vendor risk due diligence, operations management, and vendor dispute/escalation management.

• Financial modelling skills to build multiple negotiation scenarios, total cost of ownership models, consumption models, and demand forecasts based on spend analytics and other data sources.
• Depth in drafting, redlining, and negotiating global contracts, including experience drafting service level agreements (SLAs).

This includes a solid understanding of contract law, including demonstrated ability to understand, interpret and articulate key legal terms in agreements.

Competencies:

• Highly strategic thinker with a proactive approach to challenges and opportunities, possessing superior analytical skills, including the ability to translate analyses into negotiation strategies and results
• Strong leadership and interpersonal skills, with the ability to work effectively in a team-oriented environment, eliciting support for key initiatives from senior management and other key stakeholders, by building and delivering clear, well-structured presentations
• Detail-oriented and organized, with a commitment to excellence and continuous improvement.
• Adaptable and resilient, with the ability to thrive in a fast-paced and dynamic business environment and with the willingness to adapt working hours to meet business needs and deadlines, understanding that most of the client supplier portfolio is comprised of firms based in the United States.
• Proficient MS Office skills, including experience using CoPilot and other AI software products.

Education:

• Bachelor's Degree, with preferences for Accounting, Finance, Computer Science, Engineering, Economics, Data Science, Operations Research, Technology or Supply Chain Management, or Entrepreneurship.
• Advanced degrees in Business, the Sciences, Engineering, Law, or related areas.