Strategic Sourcing Manager

U.S. Bancorp
Minneapolis
Workplace: HybridFull timeUSD 105,400 - 124,000 annuallyFunction: Procurement & SourcingExperience: 6+ yearsEducation: high_schoolSkills: ["Negotiation","Risk mitigation","Stakeholder management","Contract management","Ethical decision-making"]

Develop and execute sourcing and vendor management strategies for assigned spend categories and supplier portfolios. Lead strategic and tactical planning, run competitive sourcing events, evaluate suppliers and pricing, and negotiate contracts and business terms with medium to large suppliers. Partner with business stakeholders to define requirements, mitigate risk, optimize supplier relationships, and drive value through effective sourcing and negotiation. Prepare management reporting and recommendations to support sourcing and supplier investment decisions.

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FursaFursa
U.S. Bancorp
U.S. Bancorp
2 days ago

Strategic Sourcing Manager

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Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI
Last checked: 20 hours agoStatus: Live

Job Summary

Develop and execute sourcing and vendor management strategies for assigned spend categories and supplier portfolios. Lead strategic and tactical planning, run competitive sourcing events, evaluate suppliers and pricing, and negotiate contracts and business terms with medium to large suppliers. Partner with business stakeholders to define requirements, mitigate risk, optimize supplier relationships, and drive value through effective sourcing and negotiation. Prepare management reporting and recommendations to support sourcing and supplier investment decisions.
Location: Minneapolis
Workplace: Hybrid
Employment Type: Full time
Job Function: Procurement & Sourcing

Key Responsibilities

  • •Develop and execute sourcing and vendor management strategies for assigned spend categories and supplier portfolios.
  • •Lead strategic and tactical planning for sourcing initiatives, spend management, and vendor selection.
  • •Run competitive sourcing events, evaluate supplier capabilities and commercial proposals, analyze pricing and market data, and negotiate contracts.
  • •Partner with business line stakeholders to define requirements, mitigate risk, and optimize supplier relationships.
  • •Prepare management reporting and recommendations to support sourcing decisions and supplier investment strategies.

Pay and Benefits

Salary: USD 105,400 - 124,000 annually
Perks:Health InsuranceDentalVisionLife Insurance401kPensionPaid LeavePaid HolidayLong-term DisabilityParental LeaveAdoption Assistance

Key Requirements

  • •High school diploma or equivalent.
  • •6+ years of experience designing, developing, and using formal IT vendor contracts with internal or external customers.
  • •Experience with tools, facilities, and techniques for managing and administering data.
  • •Experience managing suppliers to agreed contractual services.
  • •Experience negotiating and executing contracts in alignment with contract procedures and standards.
Experience:6+ years
Education:High School
Skills:NegotiationRisk mitigationStakeholder managementContract managementEthical decision-making

Company Brief

U.S. Bancorp
U.S. Bancorp is the parent company of U.S. Bank, providing consumer, business, and institutional banking services including lending, payments, treasury management, wealth management, and merchant solutions across the United States.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Minneapolis, United States
Founded: 1863
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Glassdoor: 3.8
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