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Strategic Sourcing Manager

Summary

The Strategic Sourcing Manager will support the Spend Management Director, and will work with personnel in all of the Firm’s offices at various levels throughout the organization. The incumbent will manage and execute sourcing initiatives for specific functional/operational areas. These initiatives may include complex, high value contracts which support the infrastructure of the Firm. Within these areas, the Strategic Sourcing Manager will be involved with performing requests for proposals, requests for information, supplier analysis, financial analysis, contract negotiation, vendor implementations, reporting, and overall project/vendor management. The incumbent should be comfortable recommending courses of action to the Spend Management Director, Director of Finance, and the Chief Financial Officer.

Duties and Responsibilities

  • Strategic sourcing initiatives in the primary category areas of outsourcing, library, IT, and marketing
  • Collaborate with stakeholders and business owners to define and negotiate requirements for each initiative
  • Analyze vendor proposals, including the evaluation of scope and cost of services; identify and recommend cost saving opportunities.
  • Recommend contract structures, negotiate with key vendors, and perform contract reviews; evaluate and recommend pricing and contract terms.
  • Ensure correct suppliers are being used to help reduce risk and cost, while also driving innovative business solutions for our stakeholders.
  • Provide timely communication of project status/timing to stakeholders, team members.
  • Perform ongoing vendor management for several key large contracts, addressing service issues, and changes in scope.
  • Anticipate issues; propose solutions working in coordination with project teams.
  • Highlight opportunities for business process change and engage in the solution formation.
  • Plan schedules and workloads, review work product, train and coach project manager.
  • Collaborate on projects with other departments and various Firm offices including: Accounting, Procurement, IT, Library, Marketing, Facilities and Office Administrators.
  • Work independently to problem solve, applying in-depth analysis, understanding of business objectives and related disciplines.
  • Ability to identify talent, hire, develop, and supervise others and conduct performance reviews
  • Ability to travel – less than 10%.

Salaries vary by location and are based on numerous factors, including, but not limited to, the relevant market, skills, experience, and education of the selected candidate. If an estimated salary range for this role is available, it will be provided in our Target Salary Range section. Our compensation package also includes bonus eligibility and a comprehensive benefits program. Benefits information can be found at Sidley.com/Benefits.

Target Salary Range

$130,000 - $141,000 if Located in Illinois

Qualifications

To perform this job successfully, an individual must be able to perform the Duties and Responsibilities (Duties) above satisfactorily and meet the requirements below. The requirements listed below are representative of the minimum knowledge, skill, and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job. If you need such an accommodation, please email staffrecruiting@sidley.com (current employees should contact Human Resources). 

 

Education and/or Experience: 

Required:

  • Bachelor’s degree required in Business, Finance, or other related fields
  • A minimum of 5 years sourcing experience
  • Demonstrated strong oral, written and presentation communication skills in diverse settings: one-on-one as well as small and large groups.  

Preferred:

  • Experience in Professional Services and IT Sourcing

Other Skills and Abilities:

The following will also be required of the successful candidate:

  • Strong organizational skills
  • Strong attention to detail
  • Good judgment
  • Strong interpersonal communication skills
  • Strong analytical and problem-solving skills
  • Able to work harmoniously and effectively with others
  • Able to preserve confidentiality and exercise discretion
  • Able to work under pressure
  • Able to manage multiple projects with competing deadlines and priorities

Sidley Austin LLP is an Equal Opportunity Employer

Average salary estimate

$135500 / YEARLY (est.)
min
max
$130000K
$141000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Strategic Sourcing Manager, Sidley Austin LLP

Are you ready to take your career to the next level as a Strategic Sourcing Manager at Sidley Austin LLP in Chicago? This exciting role offers the opportunity to collaborate with talented professionals across various offices, managing and executing sourcing initiatives for critical functional areas. You will engage in complex, high-value contracts that form the backbone of our firm’s operations. As part of your responsibilities, you'll be conducting requests for proposals, analyzing supplier offerings, and negotiating contracts to deliver cost-efficient solutions. You'll work closely with the Spend Management Director and other senior leaders, recommending innovative strategies and solutions that align with our business objectives. If you enjoy analyzing data, ensuring compliance, and engaging in vendor management, this position provides ample opportunities for you to shine. With your ability to guide teams in project management, anticipate issues, and propose effective solutions, you will help drive results that positively impact the organization. Our supportive environment encourages you to showcase your talents and work independently while also collaborating with various departments such as IT, Marketing, and Procurement. Join Sidley Austin LLP, where your skills will help reduce risks and costs, paving the way for successful sourcing strategies. We offer a competitive salary, along with a comprehensive benefits program designed to support your professional growth and well-being. Salary range for this role is estimated between $130,000 to $141,000 if located in Illinois. Let's create innovative solutions together!

Frequently Asked Questions (FAQs) for Strategic Sourcing Manager Role at Sidley Austin LLP
What are the main responsibilities of a Strategic Sourcing Manager at Sidley Austin LLP?

The Strategic Sourcing Manager at Sidley Austin LLP is responsible for managing sourcing initiatives for critical functional areas, analyzing vendor proposals, conducting requests for proposals, and executing contract negotiations. This role involves collaboration with various stakeholders to identify cost-saving opportunities and ensure compliance with contractual terms.

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What qualifications are needed to apply for the Strategic Sourcing Manager position at Sidley Austin LLP?

To qualify for the Strategic Sourcing Manager position at Sidley Austin LLP, candidates must possess a Bachelor’s degree in Business, Finance, or a related field, along with a minimum of 5 years of sourcing experience. Strong communication skills, attention to detail, and the ability to manage multiple projects are essential for success in this role.

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What makes the Strategic Sourcing Manager role at Sidley Austin LLP unique?

The Strategic Sourcing Manager role at Sidley Austin LLP stands out due to its focus on high-value contracts that support the firm's infrastructure. Additionally, the position offers the opportunity to collaborate with diverse teams across the organization, providing a dynamic work environment that encourages innovative solutions.

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What is the expected salary range for a Strategic Sourcing Manager at Sidley Austin LLP?

The expected salary range for a Strategic Sourcing Manager at Sidley Austin LLP, if located in Illinois, is between $130,000 and $141,000. This competitive salary reflects the candidate's experience, skills, and the market standards for this important role.

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What opportunities for growth does Sidley Austin LLP offer for the Strategic Sourcing Manager?

Sidley Austin LLP provides numerous opportunities for professional development and growth for the Strategic Sourcing Manager role. Employees can participate in training programs, cross-departmental projects, and mentorship initiatives that foster skill enhancement and career progression within the firm.

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Common Interview Questions for Strategic Sourcing Manager
How do you approach contract negotiations as a Strategic Sourcing Manager?

When answering this question, you should emphasize your strategic approach to negotiations, including your preparation, understanding of stakeholder needs, and your ability to advocate for both cost savings and quality service. Discuss how you establish relationships with vendors while securing beneficial terms for the company.

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Can you give an example of a successful sourcing initiative you managed?

Prepare a detailed example that showcases your analytical skills, project management, and collaboration with stakeholders. Discuss the challenges you faced, the strategies you implemented, and the positive outcomes from the sourcing initiative.

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How do you ensure compliance and risk management in sourcing?

Explain your process for evaluating vendors, conducting thorough due diligence, and constantly monitoring contract compliance. Highlight your attention to detail and proactive communication with relevant stakeholders to address potential risks.

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What strategies do you use to analyze vendor proposals?

Focus on the criteria you use for analyzing vendor proposals, such as cost, quality, alignment with business goals, and service delivery timelines. Illustrate your analytical skills and how you utilize data to support decision-making.

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How do you stay informed about market trends relevant to sourcing?

Discuss your methods for staying updated on market trends, such as attending industry conferences, subscribing to relevant publications, and networking with peers. Highlight how this knowledge directly benefits your sourcing strategies.

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Describe how you collaborate with other departments during sourcing initiatives.

Illustrate your collaborative approach by explaining how you engage with different departments, such as IT and Marketing, to understand their needs. Mention how this collaboration ensures that sourcing decisions align with overall business objectives.

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What role does data analysis play in your sourcing strategy?

Highlight your proficiency in data analysis by discussing how you leverage data to inform decision-making, identify trends, and find cost-saving opportunities. Provide examples of how data has led to successful sourcing outcomes.

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How do you handle conflicts with vendors?

Explain your conflict resolution skills and processes, stressing the importance of communication, active listening, and seeking win-win solutions that maintain positive relationships while addressing any issues.

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What metrics do you use to measure the success of sourcing initiatives?

Identify specific metrics that you use, such as cost savings, supplier performance, compliance rates, and contract adherence. Discuss how these metrics inform your future sourcing strategies and initiatives.

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How do you manage competing priorities in a fast-paced sourcing environment?

Demonstrate your time management and organizational skills by sharing strategies you use to prioritize tasks, delegate when necessary, and ensure critical deadlines are met without sacrificing quality.

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TEAM SIZE
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HQ LOCATION
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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 31, 2025

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