Global Sourcing Manager

Global sourcing managers manage their companies' service and material sourcing teams. They frequently travel both domestically as well as internationally. They are accountable for establishing and maintaining the efficiency of the structure of supply chains, and also for ensuring conformity with regulatory bodies and best practices guidelines. They set targets and establish motivations for their teams, and also ensure that they are synchronized starting at the beginning in the process until the end of the supply chain. To ensure continuous supply of services and materials Global sourcing managers must be able to establish close relations with partners and vendors and be able to convey their worth to the business. They should give direction and guidance to their employees and take discipline when needed.

Experience with the sourcing process is usually required for this job. At minimum one other language than English is usually required in addition and two or more languages are preferred. A knowledge of other cultures and a high level of interpersonal communication are also required. Global sourcing managers typically are employed full-time in a workplace setting during normal business hours, however, alternative hours and/or extended hours could be needed, since their responsibilities span across several time zones.

As a Global Sourcing Manager with 6-9 years of experience in India, the following are your main responsibilities:

• Identifying and evaluating potential suppliers based on cost, quality, delivery, and environmental factors.
• Negotiating prices, contracts, and payment terms with suppliers while ensuring compliance with company policies and regulations.
• Analyzing and mitigating risks associated with the supply chain, such as geopolitical, financial, and environmental risks.
• Collaborating with stakeholders such as procurement teams, engineering, and operations to ensure the sourcing strategy aligns with the company's goals and objectives.

Major educational qualifications required for Global Sourcing Manager are:

• A bachelor's degree in business, finance, economics logistics, an area related to it.
• A master's degree in business or a specialization on advanced management of procurement is beneficial.
• Experience in procurement in a similar industry.
• Expertise in sourcing software like Fraxion and Promena e-Sourcing.
• Management as well Promena e-Sourcing.
• Excellent leadership and communication skills.
• Expertise in collaboration and negotiate.
• Excellent time and organizational abilities.
• Outstanding analytical and strategic capabilities.
• Ability to travel to establish and promote strategic relationships with sourcing.

As a Global Sourcing Manager in India with 6-9 years of experience, there are several alternative roles that you could pursue. Here are four options to consider:

• Procurement Manager: Utilize your expertise in sourcing to lead procurement efforts and build robust supplier relationships.
• Operations Manager: Oversee the day-to-day operations of a business, using your sourcing background to optimize efficiencies and reduce costs.
• Supply Chain Manager: Manage the flow of goods and services, using your sourcing experience to ensure continuity of supply and strategic sourcing decisions.
• Strategic Sourcing Manager: Focus specifically on identifying strategic sourcing opportunities, negotiating contracts, and driving cost savings for a business.

The role of Global Sourcing Manager in India is expected to experience significant growth in the market due to the country's emerging economy. According to a 10-year analysis of this job role, there will be a continuous increase in the demand for skilled professionals to manage global sourcing operations. With India projected to become the world's fifth-largest economy by 2025, the role of Global Sourcing Manager will become increasingly vital in facilitating global trade and supply chain management. It is estimated that the job opportunities in this field will witness an upsurge of 7% in the next five years, leading to an estimated 24,000 employment opportunities in the country.