At a Glance
- Tasks: Lead vendor management and sourcing strategies for IT and Digital Products at BCG.
- Company: Join Boston Consulting Group, a pioneer in business strategy since 1963, driving transformation globally.
- Benefits: Enjoy a collaborative work culture with opportunities for growth and innovation.
- Why this job: Make a real impact by optimising vendor relationships and driving cost savings in a dynamic environment.
- Qualifications: 7+ years in strategic sourcing or vendor management, ideally in tech; strong negotiation and project management skills required.
- Other info: This is a contract role based in London, offering a chance to work with global teams.
The predicted salary is between 57600 - 84000 £ per year.
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.
To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.
What You'll Do
We are seeking a Senior Sourcing & Vendor Manager who will be responsible for leading category and vendor management capabilities supporting the IT and Digital Products functions at BCG. This new role will sit within our Procurement organization but be fully dedicated to supporting the IT Platform Engineering organization for at least the first 18–24 months. The role will be accountable for driving a long-term category strategy, navigating over 300 vendors and ensuring strong alignment with delivery leadership. This role will work collaboratively with the IT VMO and other functions across the vendor lifecycle. Given the scale of spend and complexity across teams, the role’s breadth will span category management, strategic sourcing, renewals, vendor consolidation, supporting vendor management programs, and proactive commercial management to unlock significant cost savings and operational efficiency.
Role Responsibilities
- In support of IT and Digital Products leadership, captures, centralizes and consolidates resource forecasts, project demand and roadmap plans into vendor requirements, uses expertise in the development of category plans, sourcing plans and sourcing approaches.
- Partners directly with Platform Engineering delivery leadership and broader IT/Digital Product leadership to drive sourcing strategies that improve vendor management governance, strengthen process, improve delivery models, reduce risk, and drive vendor performance.
- Ensures that strategic sourcing and negotiation plans are established including target outcomes, timelines and milestones.
- Ensures execution of sourcing, negotiations and contracting against these plans, either through direct lead responsibility or partnership with other IT Sourcing Managers.
- Partners with teams, facilitates planning, advises on trade-offs, and helps resolve priorities.
- Establish strong relationships with new and existing suppliers across negotiating, contracting and onboarding of new agreements and suppliers.
- Supports the maintenance of relationships between strategic vendors and internal resources, including IT stakeholders and executive leadership.
- Develops strategies for supplier engagement.
- Supports and maintains visibility of the end-to-end category lifecycle within Platform Engineering, from demand shaping to performance management, driving consistency and reducing administrative overhead for delivery teams.
- In collaboration with the IT VMO and IT leadership, identify risks associated with key vendors.
- Responsible for leading budgeting and financial analysis initiatives in collaboration with IT Finance, optimizing vendor investments, and ensuring value realization.
- As required, provide support into the Quarterly Business Reviews with key suppliers.
- Presents vendor insights to IT and business leadership and the IT VMO to help in the shaping vendor management decisions with data-backed narratives.
- Evaluate existing processes and continually formulate/refine guidelines including, sourcing supplier engagement and contracting practices.
- Leads or contributes to cross-functional initiatives that enhance IT capabilities, process effectiveness, or functional alignment, adapting to emerging needs across IT and Digital Products.
What You'll Bring
- 7+ years of experience in strategic sourcing, procurement, or vendor management, ideally in a high-growth, technology-driven environment.
- Seasoned leader with a track record of driving innovation in category and vendor strategy.
- Deep experience with IT supplier ecosystems and a variety of contracting models (staff augmentation, managed services, outsourcing, etc.).
- Experienced negotiator adept at securing favorable terms and fostering mutually beneficial vendor relationships.
- Exceptional communication, stakeholder engagement, and presentation skills; highly proficient in Excel, PowerPoint, and related business tools.
- Strong project management skills to deliver category and vendor management projects on time and on value.
- Highly self-directed and comfortable navigating ambiguity in a fast-paced, team-oriented environment; thrives in a hands-on, execution-focused role.
- Ability to navigate through a global framework, handle conflicting priorities and goals.
- Working knowledge of vendor management platforms and tools helpful.
- Bachelor’s degree from an accredited university preferably in Procurement, Business Administration or related field. MBA/advanced technical degree preferred.
Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
BCG is an E - Verify Employer.
Global Procurement Sourcing & Vendor Senior Manager employer: Boston Consulting Group (BCG)
Contact Detail:
Boston Consulting Group (BCG) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Procurement Sourcing & Vendor Senior Manager
✨Tip Number 1
Network with professionals in the procurement and vendor management field. Attend industry events or webinars where you can meet people from BCG or similar companies. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with BCG's values and recent projects, especially those related to IT and digital products. This knowledge will help you tailor your conversations during interviews and demonstrate your genuine interest in the company.
✨Tip Number 3
Prepare to discuss specific examples of your experience in strategic sourcing and vendor management. Highlight any innovative strategies you've implemented in previous roles that resulted in cost savings or improved vendor relationships.
✨Tip Number 4
Stay updated on the latest trends in procurement and vendor management, particularly in technology-driven environments. Being knowledgeable about current challenges and solutions in the industry will position you as a strong candidate.
We think you need these skills to ace Global Procurement Sourcing & Vendor Senior Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in strategic sourcing, procurement, and vendor management. Use specific examples that demonstrate your leadership skills and ability to drive innovation in category and vendor strategy.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Boston Consulting Group. Discuss how your background aligns with their needs, particularly your experience with IT supplier ecosystems and your negotiation skills.
Highlight Key Achievements: When detailing your work history, focus on key achievements that showcase your project management skills and ability to deliver results. Use metrics where possible to quantify your impact, such as cost savings or efficiency improvements.
Prepare for Potential Questions: Anticipate questions related to vendor management and strategic sourcing during the interview process. Be ready to discuss your approach to building relationships with suppliers and how you handle conflicting priorities in a fast-paced environment.
How to prepare for a job interview at Boston Consulting Group (BCG)
✨Understand the Role
Make sure you have a clear understanding of the responsibilities and expectations for the Global Procurement Sourcing & Vendor Senior Manager role. Familiarise yourself with BCG's approach to procurement and vendor management, especially in IT and Digital Products.
✨Showcase Your Experience
Prepare to discuss your 7+ years of experience in strategic sourcing and vendor management. Highlight specific examples where you've driven innovation or improved vendor relationships, particularly in technology-driven environments.
✨Demonstrate Strong Negotiation Skills
Be ready to provide examples of successful negotiations you've led. Discuss how you secured favourable terms and built mutually beneficial relationships with vendors, as this is crucial for the role.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving and project management skills. Think about how you would handle conflicting priorities or navigate ambiguity in a fast-paced environment, as these are key aspects of the role.