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For Companies At a Glance
- Tasks: Lead sourcing strategies and manage contracts for professional and construction services.
- Company: Join Magnit, a leader in workforce management with over 30 years of experience.
- Benefits: Enjoy competitive pay, growth opportunities, and community involvement support.
- Why this job: Make a real impact in a collaborative environment while transforming major companies globally.
- Qualifications: 5+ years in contract negotiation; degree in Supply Chain or Business preferred.
- Other info: Diversity and inclusion are core values at Magnit; we welcome all backgrounds.
The predicted salary is between 48000 - 72000 £ per year.
Who We Are
Magnit is the evolution of work. Serving hundreds of the world’s most recognizable brands for the past 30+ years, Magnit offers the industry’s first holistic platform for the modern workforce. Magnit’s integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients’ success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organization’s contingent workforce management, talent strategy and broader organization goals. At Magnit, you’ll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.
About the Role
The Sourcing Manager is responsible for implementing sourcing and negotiation strategies to finalize and execute Statements of Work (SOW) for the Professional Services and Construction Services categories. This role involves defining category or SOW-specific strategy plans, leading the sourcing process, and managing a portfolio of procurement and negotiation activities for services contracts
What You Will Do
• SOW Lifecycle Management: Manage SOWs from drafting to finalization, negotiation, and execution.
• Sourcing Strategy: Identify and implement appropriate sourcing strategies based on the opportunity.
• Competitive Sourcing Events: Drive competitive sourcing events and support the vendor selection process.
• Proposal Evaluation: Evaluate and analyze supplier proposals, and negotiate contracts and SOWs.
• Implementation Planning: Drive planning and execution for identified purchasing opportunities within new or existing suppliers and solutions.
• Supplier Knowledge: Maintain knowledge of suppliers within categories for opportunity identification and business case development.
• Stakeholder and Vendor Relationships: Build and maintain relationships with internal stakeholders and external vendors.
• Change Management: Identify change management opportunities and develop recommendations.
• Contract Creation: Work with the contracts department to create agreements/contracts/standing orders with successful vendors, using corporate contract templates or other approved methods.
• Business Contract Analysis: Analyze the details of the client\’s business contracts with its supplier base to ensure equitable terms and proper notification on terms and expectations.
• Contractual Provisions: Assist in the preparation of contractual provisions and the administration of contract proposals.
• Contract Queue Management: Manage the contracts queue, update systems/platforms with notes, maintain version control of documents, and assist clients in preparing and negotiating contract specifications and SOWs.
• Document Examination: Examine, review, distribute, and negotiate NDAs, PSAs, and amendments to contracts.
• Team Contribution: Contribute to team effort by accomplishing related results as needed.
What You Will Need
• Minimum of 5+ years of experience in analyzing, negotiating, and processing contracts, SOWs, and change orders.
• Proven ability to create and execute effective sourcing strategies and plans.
• Experience in drafting and negotiating SOWs.
• Experience in related fields such as Supply Chain.
• BS/BA in related discipline strongly desired (i.e., Supply Chain, Business, etc.).
• Master’s Degree a plus.
Certification in Supply Chain Management (CPM or CPSM) is a plus.
• Understanding and demonstrated use of Vendor Management Systems and e-sourcing (highly desirable). Project Management experience. Experience in the telecommunications industry (desired).
What Magnit will Offer You
At Magnit, you’ll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You’ll work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails! Magnit will offer you a competitive benefits package. Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!
If this role isn’t for you
Stay in touch, we will let you know when we have new positions on the team.
To see a complete list of our open career opportunities please visit https://magnitglobal.com/us/en/company/careers.html
To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.
As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.
Sourcing Procurement Manager employer: Magnit
Contact Detail:
Magnit Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sourcing Procurement Manager
✨Tip Number 1
Familiarize yourself with Magnit's integrated workforce management platform. Understanding how it operates and its key features will help you demonstrate your knowledge during the interview process.
✨Tip Number 2
Highlight your experience in managing SOWs and contracts. Be prepared to discuss specific examples of how you've successfully negotiated terms and built relationships with vendors in your previous roles.
✨Tip Number 3
Research the telecommunications industry and current trends. Being knowledgeable about the market will allow you to speak confidently about potential sourcing strategies and opportunities during your interview.
✨Tip Number 4
Prepare to discuss your approach to change management. Think of instances where you've identified change opportunities and how you implemented solutions, as this aligns with the responsibilities of the role.
We think you need these skills to ace Sourcing Procurement Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Sourcing Procurement Manager position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Highlight Relevant Experience: In your application, emphasize your 5+ years of experience in analyzing, negotiating, and processing contracts and SOWs. Provide specific examples of successful sourcing strategies you have implemented.
Showcase Your Skills: Make sure to highlight your skills in vendor management systems and e-sourcing, as well as any project management experience. Mention any relevant certifications like CPM or CPSM that can set you apart.
Tailor Your Application: Customize your CV and cover letter to reflect the language and values mentioned in the job description. Show your enthusiasm for working in a diverse and innovative environment like Magnit.
How to prepare for a job interview at Magnit
✨Understand the SOW Lifecycle
Make sure you have a solid grasp of the SOW lifecycle management process. Be prepared to discuss your experience in drafting, negotiating, and finalizing SOWs, as this is a key responsibility for the role.
✨Showcase Your Sourcing Strategies
Highlight your ability to create and implement effective sourcing strategies. Bring examples of past experiences where you successfully identified opportunities and executed sourcing plans that led to positive outcomes.
✨Demonstrate Relationship Management Skills
Since building relationships with stakeholders and vendors is crucial, be ready to share specific instances where you effectively managed these relationships. Discuss how you navigated challenges and maintained strong partnerships.
✨Prepare for Contract Negotiation Scenarios
Expect to engage in discussions about contract negotiation. Prepare to walk through your approach to evaluating supplier proposals and negotiating terms, showcasing your analytical skills and attention to detail.
