Sourcing Manager

Job Posting:

Since 1953, Ferguson has been a source of quality supplies for a variety of industries. Together We Build Better infrastructure, better homes and better businesses. We exist to make our customers’ complex projects simple, successful, and sustainable. Ferguson, a Fortune 500 company, is proud to provide best-in-class products, service and capabilities across the following industries:
Commercial/Mechanical, Facilities Supply, Fire and Fabrication, HVAC, Industrial, Residential Trade, Residential Building and Remodel, Waterworks and Residential Digital Commerce. Ferguson has approximately 36,000 associates across 1,700 locations. Ferguson is a community of proud associates who operate with the shared purpose of building something meaningful. You will build a career that you are proud of, at a company you can believe in.

We have an exciting opportunity as a Sourcing Manager  this role, you will deliver enterprise value by leading strategic sourcing initiatives and implementing effective negotiation strategies that reduce cost and risk while improving supplier performance and driving innovation. You will serve as a trusted partner to business and corporate stakeholders, supporting a wide range of operational functions and enabling scalable, sustainable business outcomes.

Location:

This role is approved to be either Remote within the United States or Hybrid for associates in Newport News, VA, in accordance with company policy.

• Lead and implement sourcing methodology and initiatives, including developing sourcing plans, obtaining business alignment, negotiating and implementing contracts, and generating savings.
• Proactively engage and collaborate with partners to understand sourcing opportunities, develop requirements, evaluate and conduct competitive RFx events, select suppliers, negotiate, and contract.
• Consistently conduct ongoing market research and collaborate with cross-functional teams to understand demand, supplier capabilities, industry trends, and emerging solutions within assigned categories.
• Lead and direct sourcing activities to enhance value through continuous improvement of services and solutions while leveraging enterprise spend.
• Coordinate activities across business operations and corporate functions to effectively interact with partners at all levels of the organization.
• Negotiate sophisticated agreements primarily for professional services and consulting engagements, including MSAs, PSAs, SOWs, and select technology-enabled solutions.
• Analyze historical spend, contract, and market data to identify trends, risks, and optimization opportunities.
• Stay informed of technology, process, and service innovations relevant to business operations and apply appropriate solutions to improve outcomes.
• Draft, negotiate, and complete contracts in close collaboration with the business, Legal, IT Security, Vendor Management, and other relevant business partners.
• Select vendors and service providers that meet business needs through comparative market analysis, strategic planning support, pricing development, and issue resolution.
• Maintain awareness of current market trends, supplier capabilities, and changes across traditional and emerging indirect spend solutions.
• Handle and optimize supplier performance, including contract compliance, continuous improvement, innovation, and total cost of ownership reduction.
• Lead cross-functional teams through a structured sourcing and project management process to achieve business operations and enterprise objectives.
• Identify new business requirements and opportunities for cost savings, including process efficiencies and operational improvements.
• Monitor, measure, and audit contract and supplier performance throughout the lifecycle.

• Bachelor’s or Associate degree in Business, Finance, Supply Management, Project Management, or related field preferred.
• Minimum of 3 years of experience leading supplier negotiations and handling contracts within indirect spend or business operations categories.
• Experience in procurement, strategic sourcing, process improvement, or related business functions.
• Professional certifications such as CPSM, PMP, or…