Strategic Sourcing Manager
Location: London
Business Area: Workplace Operations and Supply Chain
Ref # 10050131
Description & Requirements
The Bloomberg Terminal quickly and accurately delivers business and financial information, news and insight around the world to over 315,000 customers worldwide. Our global terminal customers depend on our proprietary high‑quality hardware to be able to access our terminal and make critical business decisions. Bloomberg’s Global Finance team works with all aspects of procurement – from vendor invoice processing and payments to regional treasury, cash funding and indirect tax – to support business partners in enabling critical business decisions. Global Procurement supports both strategic sourcing and operational purchasing of goods and services for the organization.
Our dynamic procurement department is seeking an enthusiastic and ambitious Strategic Sourcing Manager to join its team based in London at our EMEA Headquarters. The successful candidate will assist in developing and executing enhanced sourcing and vendor management strategies that align with Bloomberg’s business objectives and support sourcing and vendor management activities across the HR category. You will be responsible for building and managing relationships with internal stakeholders and vendors who support our varied requirements across the entire EMEA region.
Responsibilities
- Provide expertise in procurement and commercial insights to internal customers and other stakeholders.
- Build strong and lasting relationships with internal stakeholders and key vendors.
- Negotiate and engage with key stakeholders and vendors to facilitate delivery and compliance with Bloomberg’s Procurement Framework.
- Develop, implement and enhance sourcing strategies and manage a robust sourcing pipeline.
- Determine specifications and requirements for products and services through collaboration with stakeholders and the departments’ strategic plans and needs.
- Make sourcing recommendations based on financial analysis, cost structures of categories, vendor alignment with Bloomberg’s goals and strategies, and vendor position in their industry alongside marketplace offerings.
- Understand the internal and external environment for the goods/services required by the business.
- Support change management and adhere to purchasing frameworks and vendor risk management policies.
- Effectively communicate the impact of market changes and potential effects on vendors to stakeholders.
- Persuade and align cross‑functional teams with different goals and complexities.
- Deliver outstanding customer service and support regional sourcing opportunities.
Qualifications
- 5+ years of experience in Strategic Sourcing/Procurement roles, ideally with 3+ years working across the HR category.
- BA/BS degree or equivalent.
- Strong knowledge of RFI/RFQ/RFP and sourcing process.
- Experience in contract negotiation, redlining, and vendor management.
- Excellent communication, interpersonal skills, and attention to detail.
- Strong customer service skills including issue resolution, negotiation, project management, and analytical problem‑solving with a focus on continuous improvement.
- Strong leadership skills with regional and cultural awareness, and proven ability to build trusting relationships across stakeholder groups.
- Ability to analyze internal and external data to drive sourcing insights and decisions.
- Capability to learn new applications relevant to the role.
- Effective interaction in a cross‑functional and fast‑paced environment with various stakeholders.
Preferred Qualifications
- Experience in a fast‑paced, data‑driven environment.
- Demonstrated application of negotiation and strategic sourcing/procurement principles.
- Successful collaboration with diverse stakeholders to achieve international business goals.
- Knowledge of international trade terms.
- Applied knowledge of regulatory/compliance contracting.
- SAP or other ERP systems knowledge.
- Strong MS Office and technical skills.
- CPP / CIPS / CPM preferred.
Equal Opportunity Employer
Bloomberg is an equal opportunity employer and values diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, or any other classification protected by applicable law.
Bloomberg is a disability inclusive employer. Please let us know if you require any reasonable adjustments to be made for the recruitment process.
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