Sourcing Manager

SUMMARY OF POSITION: The Sourcing Manager is responsible for developing and executing sourcing strategies that ensure the company secures the highest-quality materials, components, and services at the most competitive cost. This role conducts supplier research, negotiates agreements, manages supplier performance, and partners closely with Supply Chain, Operations, Engineering, and Quality to support business objectives and long-term growth.ESSENTIAL DUTIES AND RESPONSIBILITIESRegular Functions include:Develops and implements sourcing strategies for assigned categories to support cost, quality, and delivery goals.Identifies, evaluates, and onboards new suppliers that meet technical, financial, and operational requirements.Conducts competitive bids, RFQs, cost analyses, and price-break evaluations.Negotiates pricing, terms, service level agreements (SLAs), and long-term supplier contracts.Monitors supplier performance using defined KPIs (PPV, quality, delivery, cost savings) and leads corrective actions as needed.Establishes strong supplier relationships to ensure reliability, continuity, and innovation.Analyzes total cost of ownership and identifies opportunities for cost savings or value improvements.Leads cost-reduction initiatives in collaboration with Supply Chain, Engineering, and Operations.Evaluates alternative materials, production methods, and logistics strategies that reduce cost without compromising quality.Partners with Engineering and Quality teams understand technical specifications and ensure supplier capability.Works closely with Planning and Operations to align sourcing decisions with inventory, production, and demand requirements.Supports New Product Development (NPD) projects by identifying potential suppliers and estimating material costs.Maintains awareness of market trends, supply risks, geopolitical factors, and capacity issues that could affect supply.Develops contingency plans for key suppliers or product lines.Ensures compliance with company policies, industry regulations, and ethical sourcing standards.Tracks, analyzes, and reports key sourcing metrics to support data-driven decision-making.Maintains accurate supplier records, contracts, pricing, and performance documentation.Drives continuous improvement in sourcing processes and tools.Participates in periodical audits to ensure meeting policies and procedures.Other duties as required.Periodic Functions include:Develop reports as required for assigned projects.Prepares and delivers presentations.Travel will be required (approx. up to 20%).Leadership Responsibilities: Provides leadership and oversight for two Sourcing Specialists within the Supply Chain teams MINIMUM QUALIFICATIONSEducation and/or Experience: Bachelor’s degree in supply chain management5+ years of sourcing, procurement, or supplier management experience, preferably in manufacturing, automotive, diesel engine, or industrial components. Required experience with international suppliers, with a strong preference for sourcing in Asian countries (e.g., China, India).Professional/Technical Training and Skills include:Demonstrates knowledge of reading blueprints Six Sigma / LEAN or other problem-solving tools.Experience with inventory management.Ability to use Microsoft software including excel, PowerPoint, Word, etc. Exposure to PowerBI dashboards is a plusLicenses and Certifications include:Project management skills training as an asset.ASCM OR EQUIVALENT certification an asset.