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Sourcing Lead

Sourcing LeadThis position is responsible for managing the sourcing processes for multiple complex projects for the selection of standard products/services.The primary functions will be interfacing directly with business areas across the enterprise and at various levels of management. The objectives are to drive efficiency, solve business problems, achieve speed to market, manage risk, ensure compliance, manage demand and limit total cost of ownership as it relates to third party spend for products and services. The position will coordinate activities for sourcing and work with suppliers to obtain product and service pricing, availability and capability assessments based on the collection of business requirements.Other job functions include analyzing opportunity, providing project updates, process management and supplier optimization. Additionally, this position is expected to support supplier diversity objectives and other corporate core values.Responsibilities:• Responsible for managing multiple sourcing projects through cross-functional collaboration and a disciplined approach to project management that enables consistent execution of the sourcing process.• Responsible for supporting the development of supplier/sourcing strategies for handling multiple complex supplier negotiations through cross-functional collaboration with Business/Technology stakeholder areas.• Develop and negotiate commercial terms and strategies.• Utilize e-Procurement systems to facilitate sourcing, contracting and purchasing activities.• Conduct market research and analyze relevant data (benchmarking, spend, contracts) to support execution of supplier/sourcing strategies.Qualifications:• Bachelor's Degree OR 4 years of relevant experience• 5 years of experience in reporting, data analytics, and/or system administration• 5 years of experience in analytical and communication skills• 5 years of experience interacting professionally with senior management• 1 year of experience utilizing Microsoft Office applications• Technology and Enterprise Cybersecurity sourcing experience• Preferred CPM- Certified Purchasing ManagerWork Best Category:Category C - Days in the office will either be designated days or will vary week to week from 2-5 daysHours:8:00am - 5:00pm Monday - FridaySalary:To Be Determined Based on Individual ExperienceAbout ComericaWe know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.Upon offer, Comerica conducts a comprehensive background and fingerprint check.NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
What You Should Know About Sourcing Lead, Comerica

Are you ready to take the lead in sourcing and procurement? As a Sourcing Lead at Comerica, located in the vibrant city of Frisco, TX, you will be at the forefront of managing complex sourcing processes for a variety of projects. In this role, you'll collaborate directly with various business areas, engaging with management at different levels to drive efficiency and compliance while strategically managing third-party spend. Your primary duty will be to gather business requirements, negotiate commercial terms, and conduct detailed market research to support our sourcing strategies. With your exceptional analytical skills, you'll analyze opportunities, provide project updates, and optimize supplier relations. If you have a passion for fostering supplier diversity and are ready to embrace the challenges of the procurement landscape, then this could be the position for you! Take the next step in your career with us at Comerica, where we believe in investing in our employees’ futures through a comprehensive Total Rewards package and a collaborative work environment.

Frequently Asked Questions (FAQs) for Sourcing Lead Role at Comerica
What are the key responsibilities of a Sourcing Lead at Comerica?

As a Sourcing Lead at Comerica, you will manage multiple sourcing projects from inception to completion, ensuring a disciplined approach to project management. This role requires cross-functional collaboration, where you will develop supplier strategies, negotiate terms, utilize e-Procurement systems, and conduct analysis to support sourcing initiatives.

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What qualifications are needed for the Sourcing Lead position at Comerica?

To qualify for the Sourcing Lead position at Comerica, you should possess a Bachelor's Degree or four years of relevant experience. Additionally, you need five years of experience in reporting, data analytics, and analytical communication skills, as well as technology and enterprise cybersecurity sourcing experience.

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How does the Sourcing Lead contribute to supplier diversity objectives at Comerica?

The Sourcing Lead plays a vital role in supporting supplier diversity objectives at Comerica. By managing sourcing projects and working closely with diverse suppliers, you'll help to ensure that sourcing strategies are inclusive and aligned with Comerica's corporate core values.

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What is the work schedule like for a Sourcing Lead at Comerica?

The Sourcing Lead at Comerica typically works standard hours from 8:00 AM to 5:00 PM, Monday through Friday. The position falls into Work Best Category C, meaning designated in-office days may vary from two to five days a week, providing some flexibility in your work environment.

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What benefits does Comerica offer to its Sourcing Leads?

Comerica offers a comprehensive Total Rewards package designed to meet the diverse needs of its employees. This includes competitive cash compensation, health and wellness programs, retirement benefits, generous paid time off, and various other employee support programs to ensure well-being for you and your family.

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Common Interview Questions for Sourcing Lead
What experience do you have with managing sourcing projects?

When discussing your experience managing sourcing projects, make sure to highlight specific projects you've led, detailing your approach to stakeholder collaboration, risk management, and achieving project goals on time and within budget.

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Can you describe your experience in negotiating commercial terms?

In your response, emphasize your negotiation strategies, successes in securing favorable terms for your organization, including examples that demonstrate your ability to find a win-win in negotiations.

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How do you approach vendor selection and management?

When answering this question, describe your criteria for vendor selection, your process for evaluating suppliers, and how you maintain relationships that enhance collaboration and performance over time.

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What tools or systems do you use to facilitate the sourcing process?

Share specific tools or e-Procurement systems you have experience with, explaining how you use these technologies to streamline processes, enhance communication, and drive efficiency in sourcing.

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How do you conduct market research to support sourcing strategies?

Detail your approach to market research, including methods for gathering data, analyzing trends, and how you leverage this information to make informed sourcing decisions that align with organizational goals.

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What analytical skills do you apply to your sourcing projects?

Highlight the analytical skills that are most relevant to the Sourcing Lead role, such as data analysis, financial metrics interpretation, and how your analytical abilities influence sourcing outcomes.

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Can you provide an example of a successful supplier negotiation?

When answering, recall a specific negotiation where you achieved meaningful results. Describe the challenges you faced, strategies employed, and the impact this had on the overall sourcing project.

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How do you manage relationships with senior management during sourcing projects?

Discuss your strategies for effectively communicating with senior management, including your approach to regular updates, addressing concerns, and ensuring alignment with business objectives throughout the sourcing lifecycle.

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What role does compliance play in your sourcing processes?

Explain how you prioritize compliance in sourcing processes, detailing the measures you take to ensure that all sourcing activities meet legal and organizational standards.

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Why do you believe diversity is important in the sourcing process?

Articulate the value of diversity in sourcing, focusing on how diverse suppliers can enhance innovation, reflect customer demographics, and contribute to ethical procurement practices, which aligns with Comerica's corporate values.

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Full-time, hybrid
DATE POSTED
December 15, 2024

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