This is all potentially useful information for me as I decide how I want to progress forward and what jobs I take. Would you consider it a lesser role? My hope is the sourcing specialist will help give me skills that will make me highly sought after at other companies/industries and open the door to other business role opportunities in the future. In today's increasingly interconnected world, co‐opetition has emerged as a new business practice among many high‐tech firms. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 9734 on r2-app-099f70329096df50e at 2020-12-10 19:51:29.052537+00:00 running efceab8 country code: US. Is this sub getting bombarded with tons of generic supply chain student questions to bury posts … Strategic sourcing Analise de precificação de procedimentos do tx por complexidade Brought to you by: danisal It stops short of the actual purchase of and payment for goods and services. The aim of strategic sourcing is to build longer-term relationships with suppliers that … At SpendEdge, we understand the impact that following a cost-effective strategic sourcing process can have on your business. You also mentioned workload? This all are variables which you can sell to another company when you will be moving. Lets take it one by one.So far I had two positions within SCM and from my perspective if you show potential and willingness there are definitely steps up to take. However, being a term that encompasses a large number of sub-concepts, understanding strategic sourcing might get complex. Finance is there, Marketing is there, Strategy and Operations are there, IT is there, and occasionally you’ll get a CPO, but even with that presence it’s never a level playing field. Are you looking to hire a professional designer, coder, writer and etc.. to help you develop your business? Step 6 - Implement & Integrate Notify the successful suppliers and ensure that they are involved in the implementation process. I had envisioned this would be more possible in sourcing than in my current role, and also lead to more job offers. However, to really develop a pipeline from active sourcing, you should count with a time of 1–3 months (reach out phase, engagement, application, and process). You will be focusing on developing your supplier base/portfolio and consolidating.. Basically preparing strategy for your specific commodity ( this can vary ). My goal originally was to find a new engineering job, one that would be in a nicer city/State as well. It’s a break from only sourcing active candidates for specific open roles, to sourcing continuously for future needs, and targeting both active and passive candidates. Strategic sourcing helps a lot in gaining a competitive edge over the competitors. Strategic sourcing can be customized to meet a customer’s specific needs, but its main goal is to leverage a single, integrated system to enhance profitability. User account menu • How Strategic Sourcing Experts Improve Your Competitive Advantage? Hence, this article attempts to cover what constitutes strategic sourcing, how it differs from tactical sourcing, and its driving forces and processes. I would be cautious when you are changing from engineering to SCM as workload is quite different and even though engineering side can help you during negotiations, they can easily pull you into engineering and feasibility studies which are not your primary focus in strategic sourcing position. Strategic Sourcing is a widely used concept in the supply chain management. Strategic sourcing increases the communication between businesses and their suppliers, ensuring that there are no surprises between the two. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. I would disagree as well. [–]ahighkid 0 points1 point2 points 2 years ago (3 children). Strategic Sourcing does exactly the same by addressing the total cost. The words “proactive” and “strategic” are sometimes used interchangeably in this context, even though they are slightly different, techni… Well you came to the right place. [–]anthill23 4 points5 points6 points 2 years ago (6 children). I have applied for various engineering roles outside my company but have not had much luck. Although Reddit flair is still somewhat clunky and not always clear cut in its use in every community, having an understanding of it can help you to develop a more strategic sourcing plan if you choose get immersed in this fantastic but sometimes complicated platform. Sourcing specialist does supplier qualification. Are you tired of not knowing where to find projects to develop? I then tried to network around my company to see if any other roles that I believe would end up giving me skills,experience, that would be sought out, and will also not keep me in this silo. View Entire Discussion (2 Comments) More posts from the supplychain community. So, the context of my comment is the OP’s intention to use procurement as a means of entry into a traditional business setting, veering away from engineering, which is why I tried to emphasize the lack of appreciation for procurement by nearly all other business units. [–]anthill23 1 point2 points3 points 2 years ago (2 children). This is very much appreciated. For more than 20 years, our driving goal has been to build a company capable of accompanying our … Strategic Sourcing is a comprehensive process aimed at obtaining maximum advantage on cost, technology, process and quality, by leveraging the company’s buying power with select suppliers, conducting best price evaluations, sourcing globally and … it’s much more difficult, even if they advance up within procurement. I’m writing in a procurement subreddit, so I don’t expect I’m going to get a bunch of people agreeing with me, but I’ve done strategic sourcing for F500 companies, heavily focused on analytics, and it was not very well respected at any of them and rarely, if ever, does it have a meaningful ‘seat at the table’ with senior leadership. [–]reddituser0207[S] 0 points1 point2 points 2 years ago (1 child). [–]Hardstuff1201 0 points1 point2 points 2 years ago* (0 children). [–]ahighkid 1 point2 points3 points 2 years ago (5 children), [–]anthill23 2 points3 points4 points 2 years ago (4 children). For a majority of companies, the head of procurement is not a force within senior leadership, they’re generally a VP/SVP level, and with that limitation comes the diminished relevance of procurement in general. I had envisioned this would be more possible in sourcing than in my current role, and also lead to more job offers. Please let me know your comments if you are familiar with this position. I work in strategic sourcing in the US, I think the US would be better as it’s 10x larger than Canada. Press question mark to learn the rest of the keyboard shortcuts. [–]EastonMankin1 3 points4 points5 points 2 years ago (0 children), [–]reddituser0207[S] 1 point2 points3 points 2 years ago (0 children). Procurement is not respected by more traditional business units. A dynamic company with a strong entrepreneurial culture KLB Group was born from the observation that a large number of projects were not completely successful due to the lack of a realistic, operational and pragmatic approach. And to help sustain profitability, our team of experts has highlighted some of the key benefits of following a strategic sourcing … I’ve had my Director’s completely steamrolled for the same reasons (at equal or even higher levels than the stakeholder). That said, I’ve been to Canada many times for work, and find Strategic Sourcing to be most prevalent in the Toronto and Montreal regions, a fair amount of Canadian manufacturers who are based out of those regions. Close • Posted by just now. Strategic Sourcing Strategy CIPS has formulated positions on strategic sourcing as this is a key activity for purchasing and supply management professionals. For over a century, companies competed on the basis of the assets they owned. I am not necessarily obsessed with my current engineering role although it can be Interesting at times. In this phase, the main focus lies in data collection and data analysis. No worries. Sourcing is strategic. CEO, CPO, head of purchasing for your region? I meant procurement as an Org. Strategic sourcing can be defined as a collective and organized approach to supply chain management that defines the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. Strategic sourcing and procurement are two approaches to purchasing the components, raw materials, supplies and services a company needs to run its business. Strategic sourcing … I moved from IT to Sourcing and I am very happy. In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic partnership, which is specifically customized to meet the client's … From agencies looking to hire employees, to freelancers looking to find new projects. Not sure if this would illicit more conversation, but just felt I needed to continue to speak my mind. What happened when the entrepreneur sold all the items he owned… Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. However, although this could be a good opportunity, I am a bit hesitant. Organizational excellence. Definition: A systematic and fact‐based approach for optimizing an organization's supply base and improving the overall value proposition. But there are a lot of variables because there are metal buyers.. plastic buyers.. fasteners.. chemicals.. indirect.. etc. I’m relatively young and am developing a procurement career in life sciences / pharma. Finance and SCM is very marketable as both of these are within my industry really needed and companies doesn't work without them. Actively handling your supply chain means teaming up with suppliers and internal stakeholders, critically … Sourcing specialist is not lesser role ( to be honest.. every specialist is specialist in their field and need to have top-notch experience and knowledge which means they are valued ) . Someone with an engineering degree and who actually knows what they are talking about - that could be a great combination. I mean type of workload is different not necessarily bigger ( maybe not correct word used ). (An FYI I make 85K and would at most prefer not to drop under 75K down the road. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so an organization can use its consolidated purchasing power to find the best possible values in the marketplace and align its purchasing strategy to business goals.. Strategic sourcing is growing in … and join one of thousands of communities. The boundaries between cooperation and competition becomes vague, and rivals engage in collaborative activities. This answers one of your lasts questions as well and that is yes. Strategic sourcing is in fashion these days, but it also delivers real value to recruiting teams, so it is here to stay. It doesn't hurt to explore your options. Buyer places orders. Would you say with this sourcing experience you feel that you are able to apply to jobs that aren’t specifically sourcing? Thanks for the reply! I will answer all follow up questions if there are any. It is also … What it is What it is NOT Focused on the Total … Is a "Strategic Sourcing Specialist" a good role. I am currently not obsessed with my current engineering role. Sourcing Strategy. Do you think an opportunity in procurement is a good way to climb the corporate ladder or is marketable? I had lots of difficulty proving my value outside of procurement and it took a while to find another job outside the field, and the only reason I was able escape was because of analytics and technical skills in Excel, SQL and R. As far as my own personal experience with this limitation, I’ve had projects derailed because the stakeholder wanted a certain result, despite all evidence pointing another way. Now the sourcing manager and I have developed good relations and he has offered me the role of a strategic sourcing specialist if I am interested. How would you compare this with say marketing,finance, supply chain? Do you see a ceiling as far as your career trajectory goes or have you ran into other sourcing/procurement related problems caused by lack of communication from these other branches of your company? What is Strategic Sourcing? … Microsoft, for example, became the … Our strategic sourcing … Categories of spend are diverse as well and cover raw materials, components, packaging and finished goods on the Direct … unesdoc.unesco.org Cette approche permet à une administration de définir et de regrouper ses besoins pour tous les biens et services, de comprendre le … A good strategic sourcing strategy is to conduct multiple rounds of negotiations to get to a short list. How big your portfolio would be? Also, with strategic sourcing experience, my hope is it would open other corporate roles down the road and climb the ladder, or make moves toward other divisions. The following four steps provide a high level overview of the strategic sourcing process in which strategic/tactical and operational components are deployed. Sounds like opinions might be a bit polarized. Traditional procurement focuses on finding the lowest-cost suppliers. Sorry, this post has been removed by the moderators of r/freelance_forhire. Just based on their gut we go with the expensive supplier, or we avoid new technology because they’re not familiar enough with it, sometimes which drastically reduces my ability to excel or make meaningful changes. AT&T, with its direct control of the American telephone network; Bethlehem Steel, with its large-scale manufacturing plants; and Exxon, with its vast oil reserves, each dominated its respective industry. Will be a tough decision on my part since it’s not necessarily clear cut. That demeanor is prevalent from the top down. I was fortunate to receive a sourcing role offer, envisioning of doing this for ~2 years (or more if I enjoyed it) and then be able to have this new feeling of being marketable to other companies and industries instead of feeling stuck because of my background. Strategic sourcing … use the following search parameters to narrow your results: A sub reddit for all things procurement related. Again not the best of luck sense I’m very specialized. If OP wants to use procurement as his spring board into Ops, Finance, Strategy, Marketing etc. What is spend/turnover of that company? Or just doing sourcing for everything company needs? Moderators remove posts from feeds for a variety of reasons, including keeping communities safe, civil, and true to their purpose. If you stick with procurement, you can do well in that vertical and procurement has been gaining in appreciation over the last decade, but it’s always going to take a back seat to most other organizations. Is this valuable experience that could help me be a good candidate for other business related positions at other companies? It’s a dead end. The process forces business leaders to think about the long-term future. Is it a respected role? Step 4 Select the strategic sourcing process – choosing and using the various tools and methodologies are primary here. Worst came to worse and if sourcing was not a good role I would have considered an MBA or have continued to be patient and keep networking for new opportunities. Some time ago, I’ve published a template to help you out positioning a SG (Sourcing Group) into the Strategic Sourcing’s 4-quadrant Matrix (I call it as well the CSSB matrix as ‘Commodity, Standard, Strategic, Bottleneck), based on the famous Porter’s 5-forces model.This template has the benefit to be easy to understand and to use. Press question mark to learn the rest of the keyboard shortcuts. Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Worst came to worse and if sourcing was not a good … Can it be some other supply chain related job outside your company? © 2020 reddit inc. All rights reserved. It goes beyond setting the initial price by taking into consideration the purchasing power of the market and leveraging several other factors. The documents, processes and tools used can be hugely complex, … The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I have been in this role for the past couple years. It can feel like I am in a silo, and that I am not gaining other valuable skills unless I stayed in my current role (which I do not want to do for long). Posted by 6 days ago. When implemented properly, this process guides the sourcing manager to realize the future objectives of both the parent firm and their partner and adapt the … Get the right Strategic sourcing job with company ratings & salaries. It depends what industry you are as well because name is different.. Really good money if you operate in the right sector. Strategic sourcing enables an agency to define and consolidate their requirements for all goods and services, understand the supply market, and negotiate with suppliers. Strategic sourcing is a continuous, well-planned procedure of proactive actions, where global sourcing takes a leading role in adding value to the organization after satisfying business requirements. [–]ahighkid 1 point2 points3 points 2 years ago (7 children). But if this sourcing specialist was not considered valuable experience, it may be best to stay in my current position. But eventually it evolves around sourcing. How $$ is Coupa, SAP Ariba, or JAGGAER really? For example in my past work I was working and supporting all commodity buyers in Europe ( around 15 people of sourcing specialists if you will ) and currently I am working as SCPM - Supply Chain Program Manager which is still within SCM but it is bit different. The final selection is usually done by the team and signed off as per the approval process. This study develops an analytical model to investigate the dual sourcing … Through networking I learned about strategic sourcing in our purchasing/procurement department. Traditionally, sourcing was considered to be the identification of new or potential suppliers. 4,231 open jobs for Strategic sourcing. But in the 1980s, the basis of competition began to shift from hard assets to intangible capabilities. Don't know where you are located but sourcing position is respected within Europe at least. Marketable? usually doesn’t have a real seat at the table, especially with C-Level executives. We cannot build up the significance of operating in a … The boom in the adoption of strategic sourcing implies that almost everyone has heard of it. I wanted to change this notion of feeling stuck and not as marketable. Will you be specifically focused on some defined commodity? The notion of partnerships is equally ubiquitous and similarly both mis- and over-used. A large number of organizations fail in their procurement activities since they haven’t conducted research meticulously. It comprises of various strategies related to the purchasing of products and optimizing its lifecycle. Rendered by PID 9734 on r2-app-099f70329096df50e at 2020-12-10 19:51:29.052537+00:00 running efceab8 country code: US. I do not agree. Strategic is a term that is often overused. An organization with a modern stategic sourcing department is focused on analyics and driving better purchasing decisions through metrics and not "handshake deals". Mostly because I have a very specific materials science engineering background. Also, with strategic sourcing experience, my hope is it would open other corporate roles down the road and climb the ladder, or make moves toward other divisions. It's given in the name. Search Strategic sourcing jobs. So based on your observations, in what way has this lack of representation held you back? [–]ahighkid 3 points4 points5 points 2 years ago (1 child), Sorry to spam you with questions. [–]the_ion 8 points9 points10 points 2 years ago (0 children). I always had interest in doing something "business" related sooner or later as I believe this will be great opportunity to grow and develop in my company, as well as climbing the corporate ladder. The absence of a strategic sourcing process also hampers the quality of products and negatively impacts the decision-making process. It’s just not well respected in that regard. Get an ad-free experience with special benefits, and directly support Reddit. De très nombreux exemples de phrases traduites contenant "strategic sourcing with" – Dictionnaire français-anglais et moteur de … This is the first step in formulating a procurement strategy. [–][deleted] 0 points1 point2 points 2 years ago (0 children), [–]Hardstuff1201 0 points1 point2 points 2 years ago (2 children). I want to drive another point home and would appreciate any opinions. Is it marketable/sought out after in other industries? First off, thank you all for the responses! [–]anthill23 2 points3 points4 points 2 years ago (0 children). I’ve had a CEO decide my project outcome just based on a personal friendship (extreme example, but illustrates the point). I am currently an Engineer at a large Fortune 100 company. OP with an engineering background could easily get himself into a sourcing role, which requires much more specialized knowledge than standard procurement or procurement operations. etc. What makes the difference? Do you mean that the workload is more? 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