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Choice Hotels International · 5 hours ago

Senior Strategic Sourcing Manager

North Bethesda, MD

Full-time

Hybrid

Senior Level

$130K/yr - $150K/yr

7+ years exp

Choice Hotels International, one of the world’s largest lodging franchisors, is seeking a Senior Strategic Sourcing Manager for their Strategic Sourcing Team. This role involves developing and implementing sourcing strategies, managing supplier relationships, and optimizing procurement processes to drive cost savings and compliance with purchasing policies.

HospitalityHotelTravel

No H1B

Responsibilities

Develop and implement strategic sourcing strategies within the Choice corporate functional teams with a focus on increasing productivity, identifying cost savings opportunities, and optimizing company-wide spend

Create and improve efficiencies within the business unit generating buying power and identifying reduction in costs

Act as the subject matter advisor for assigned categories collaborating with business owners, management, and other subject matter experts to develop category strategies

Draft, review, and negotiate contract agreements, including MSA commercial terms, SOWs, Order Forms, etc., ensuring compliance with company policies and legal requirements

Conduct detailed spend analysis to identify cost-saving opportunities and support budgeting and planning processes

Develop and implement collaborative category management plans, providing senior management with visibility on risks, total cost of ownership, key operational achievements, and measurable deliverables

Ensure suppliers contracts contain provisions which enables them to be managed effectively through performance monitoring against key performance indicators (KPIs), service level agreements (SLAs), benchmarking, contract management, and negotiations

Develop and execute comprehensive vendor negotiation strategies, incorporating business requirements, approved budgets, current spend data, and overall negotiation approach

Conduct financial analyses throughout the negotiation process, comparing initial and final proposals to validate cost savings achieved

Lead sourcing and supplier management initiatives, including RFx processes, competitive bid and proposal evaluations, contract drafting and negotiations, risk assessments and mitigation planning, and ongoing supplier relationship and performance management

Collaborate closely with the Legal and Risk Teams to ensure compliance with contractual standards, risk mitigation practices, and corporate policies

Optimize internal processes, workflows, and interfaces to improve category-specific measures of productivity, efficiency, and effectiveness (e.g., savings, process cycle time, leveraging spend)

Provide indirect leadership and mentorship to junior team members fostering a culture of continuous improvement and professional development

Qualification

Strategic sourcingContract negotiationSpend analysisVendor managementProcurement softwareAnalytical skillsCommunication skillsLeadershipInterpersonal skills

Required

Bachelor's degree in Business Administration, Supply Chain Management, or a related field

Minimum 7-10 years of experience in strategic sourcing, procurement, or supply chain management, with a proven track record of success in a senior role

Strong negotiation, contract management, and analytical skills

Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal stakeholders and external suppliers

Proficiency in procurement software and tools, as well as Microsoft Office Suite (i.e., PowerPoint, Word, Excel)

Ability to work independently and as part of a team, managing multiple priorities in a fast-paced environment