Procurement Sourcing Manager

Sourcing Manager

FTI Consulting, Inc. is looking for a mission-focused, detail-oriented, and process-minded individual to support the company's global procurement function, who will report to the Senior Director of Global Procurement. The Sourcing Manager is a global procurement professional responsible for leading the sourcing process for goods and services within a company, utilizing data analysis to identify cost-saving opportunities, negotiating favorable contracts with suppliers, managing supplier relationships, and collaborating with cross-functional teams to optimize procurement strategies, all while ensuring compliance with company policies.

A successful Sourcing Manager will bring extensive experience in sourcing, market research, contract negotiation, and data analysis, often acting as a subject matter expert within a specific category area.

Responsibilities:

• Driving end-to-end strategic sourcing for global IT including hardware, software and services spend.
• Conduct in-depth market research to identify potential suppliers, assess their capabilities, and evaluate pricing structures to find the best value for the company.
• Develop and execute sourcing strategies for assigned categories, including identifying cost reduction opportunities, negotiating contract terms, and managing supplier performance.
• Lead the Request for Proposal (RFP) and Request for Quotation (RFQ) process, including developing specifications, evaluating supplier proposals, and selecting the most suitable vendor.
• Negotiate complex contracts in coordination with legal, risk & compliance, and IT resources, ensuring favorable terms regarding price, quality, delivery, and service level agreements (SLAs).
• Build and maintain strong relationships with key suppliers, addressing concerns, monitoring performance, and identifying opportunities for further collaboration.
• Analyze procurement data to identify trends, cost savings opportunities, and areas for improvement, generating detailed reports for stakeholders.
• Proactively identify and implement cost-saving initiatives through supplier consolidation, contract renegotiation, and value engineering.
• Work closely with internal teams (e.g., IT, finance, legal) to align procurement strategies with overall business objectives.
• Ensure adherence to company procurement policies, legal requirements, and ethical sourcing practices.
• Manage any provide oversight of Sourcing Analysts, ensuring high level performance and growth.

We are committed to investing and supporting you in your professional development and we have developed a range of programs focused on fostering leadership, growth and development opportunities. We aim to promote continuous learning and individual skills development through on-the-job learning, self-guided professional development courses and certifications. You'll be assigned a dedicated coach to mentor, guide and support you through regular coaching sessions and serve as an advocate for your professional growth.

Basic Qualifications:

• Bachelor's degree in business, supply chain management, or a related field.
• 5+ years of experience in procurement with an emphasis on Sourcing
• Ability to travel to FTI office(s) as needed.
• Applicants must be currently authorized to work in the United States on a full-time basis; this position will not sponsor applicants for work visas.

Preferred Qualifications:

• Proven track record of leading a sourcing process or team.
• Expertise in data analysis and reporting using procurement tools and software
• Strong negotiation skills and ability to build relationships with suppliers
• Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams
• Understanding of market dynamics and industry trends within relevant procurement categories
• Proficiency in contract drafting and management
• Ability to manage multiple projects and prioritize tasks effectively

FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.

Compensation Minimum Pay: $80,000

Maximum Pay: $163,000 Compensation Disclosure:
The compensation range reflects potential base salary for the role. Actual compensation is determined based on a wide array of relevant factors including market considerations, business needs, and an individual's location, skills, level of experience, and qualifications.