How do you transition between supplier sourcing roles?

Procurement can only deliver the expected value when it involves efficient, well-designed processes and everyone in the organization is working toward the same goals. However, too many organizations overlook the importance of maintaining good supplier relationships. When suppliers consistently don’t get paid on time, perform poorly, or neglect compliance requirements, for example, your overall productivity diminishes and you run the risk of serious business disruptions

Exactly As a Sourcing Manager I can share my experience.when supplier payments are untimely that affect fulfillment,rto, and ageing of stocks . Everything depends upon good supplier relationship So we have to maintain the dynamics of Procurement cycle. Thanks

Supplier sourcing isn’t just about finding the right providers; it's about evolving in a dynamic market landscape. When considering a role transition, think beyond just skills – think adaptability. The best sourcing professionals not only have a toolkit of competencies but also an agile mindset. The market is ever-changing, and what works today may be obsolete tomorrow. Engage with industry trends, foster diverse supplier relationships, and embrace technology. Continuous learning isn't just an asset; it's a necessity. As you pivot to a new role, remember: It's not about fitting a mold, but shaping it. Dive in with an open mind and the readiness to adapt.

Identify the competencies and experiences that are transferable between roles, such as negotiation, relationship management, understanding of supply chain dynamics, and risk assessment. Recognize areas where you might need further development or training. Consider the specific requirements of the new role, and align your existing skills with those needs. Engaging with mentors, participating in targeted training, or gaining certifications in the new area can facilitate the transition. A careful evaluation of your skills allows for a strategic and smooth transition between different sourcing roles.

When I first started out in supplier sourcing, I landed a job that seemed pretty standard. I was all set to use the usual methods I was familiar with. But on my first day, I found out this company was really into sustainability, way more than any place I'd worked before. It was a curveball, to be honest. At first, I felt a bit lost. But instead of backing away, I dove deep into learning about green sourcing practices. After a bit of time, not only did I get good at my role, but I also became passionate about eco-friendly ways of doing things. It was a reminder that sometimes a new job isn’t just a change of desk; it can change your whole perspective. Be open to those unexpected turns.

An additional point to consider having been a supplier is that you have an advantage being on both sides of the table. Often companies and especially projects are reluctant to add the cost of sourcing. It is helpful to point out that you can save them more than what you cost bringing your supplier background.