F

FMC

Develops pesticides and sustainable agricultural solutions

Sourcing Manager

Full-Time
No salary listed
Senior, Expert
Bachelor's, Master's, MBA
Philadelphia, PA, USA
Hybrid
Operations & LogisticsProcurement & Sourcing

About the job

Requirements
  • A bachelor's degree in Business, Supply Chain, Finance, Real Estate, Facilities Management, Engineering, or a related discipline is required.
  • At least 8 years of experience in category management, strategic sourcing, procurement, corporate real estate, facilities management, fleet, travel, or related indirect spend categories is required.
  • Demonstrated success negotiating complex commercial agreements is required.
  • Experience managing strategic supplier relationships and large-scale sourcing initiatives is required.
  • Strong financial, analytical, and project management capabilities are required.
  • Excellent executive communication and stakeholder management skills are required.
Responsibilities
  • Develop and execute global category and sourcing strategies across Real Estate, Facilities, Fleet, Travel, and Workplace Services.
  • Develop and implement global fleet category strategies, operating models, and governance frameworks.
  • Standardize and optimize fleet programs across regions while balancing local business requirements.
  • Assess and transform existing fleet operating models, establish global policies and standards, improve governance, and increase visibility into fleet spend, utilization, and performance.
  • Manage supplier relationships with fleet management companies, vehicle manufacturers, leasing providers, fuel management providers, maintenance providers, telematics and fleet technology companies, and sustainability initiatives.
  • Improve fleet utilization, reduce lifecycle costs, enhance driver safety, and support sustainability objectives.
  • Modernize fleet programs through technology adoption, data analytics, electrification initiatives, supplier innovation, and continuous improvement.
  • Develop sourcing strategies and supplier management frameworks for global Real Estate and Facilities operations.
  • Manage supplier relationships with commercial real estate brokers, lease administration providers, property management firms, integrated facilities management providers, building maintenance and engineering service providers, janitorial and workplace services providers, security service providers, and furniture and workplace solutions suppliers.
  • Support lease transactions, renewals, portfolio optimization, workplace strategy initiatives, facility operations, and capital projects.
  • Lead sourcing initiatives and contract negotiations for lease-related services, facilities management, maintenance programs, workplace services, and construction activities.
  • Optimize occupancy costs, improve supplier performance, enhance workplace services, drive sustainability initiatives, and support global site operations through data-driven decision-making and continuous improvement programs.
  • Lead procurement strategies and supplier partnerships for global corporate travel programs.
  • Manage relationships with travel management companies, airline providers, hotel providers, ground transportation partners, car rental agencies, travel technology platforms, and expense management providers.
  • Develop and implement global travel policies, preferred supplier programs, and governance frameworks.
  • Evaluate travel program performance through supplier scorecards, spend analysis, traveler feedback, and industry benchmarking.
  • Develop and execute category strategies and multi-year sourcing roadmaps aligned with Procurement and business objectives.
  • Lead end-to-end strategic sourcing initiatives, including market assessments, request for information/request for proposal/request for quotation development, supplier evaluations, negotiations, and contract execution.
  • Develop business cases and financial analyses to identify savings, cost avoidance, and value creation opportunities.
  • Manage category spend through forecasting, benchmarking, performance reporting, and budget oversight.
  • Negotiate commercial agreements, pricing structures, and service level agreements.
  • Monitor supplier performance through key performance indicators, governance processes, and periodic business reviews.
  • Partner with Finance, Legal, Risk Management, and business stakeholders to ensure contract compliance, mitigate supplier risk, and achieve annual savings and value delivery targets.
Desired Qualifications
  • An MBA or advanced degree is preferred.
  • Global procurement and category management experience is preferred.
  • Experience supporting large corporate real estate portfolios and multi-site operations is preferred.
  • Proficiency with procurement platforms such as SAP Ariba, CoStar, or similar procurement and real estate management platforms is preferred.
  • CPSM, CIPS, IFMA, CoreNet, or an equivalent professional certification is preferred.

About the company

FMC develops and supplies crop protection products, including herbicides, insecticides, and fungicides, plus formulations and technologies that help protect crops from pests and diseases. Its products work by using chemical active ingredients and tailored formulations that control pests while aiming to minimize environmental impact; the company emphasizes science-driven solutions to improve efficacy and safety in farming. Compared with competitors, FMC leverages a long history (over a century) and a clear focus on sustainable technologies that protect both crops and the environment, with ongoing discovery of new actives and innovative formulations. The company’s goal is to help feed the world’s growing population by delivering effective crop protection that is better for the planet.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Hong Kong

Founded

1883

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Simplify's Take

What believers are saying

  • Q2 2026 adjusted EBITDA hit $153 million, above FMC's guidance high end.
  • FMC expects $1 billion of asset-sale and financing proceeds to reduce debt by year-end.
  • Management says turnaround benefits and new products should drive growth starting in 2027.

What critics are saying

  • Q2 2026 revenue fell 17% to $867 million, signaling weak demand.
  • FMC posted a $186.6 million Q2 net loss and $226.6 million restructuring charges.
  • Debt remains $4.4 billion, forcing covenant relief and asset sales to avoid refinancing stress.

What makes FMC unique

  • FMC's R&D pipeline targets lepidopteran pests through RNA-based biomolecules with AgroSpheres.
  • Rimisoxafen reached first global EPA submission on July 8, 2026.
  • FMC keeps Stine Research Center as its global R&D headquarters after Tessenderlo's investment.

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Benefits

Professional Development Budget

Family Planning Benefits

Mental Health Support

Company News

PR Newswire
Sep 23rd, 2026
Tessenderlo Group completes $403M minority stake investment in FMC Corporation

Tessenderlo Group has completed a minority equity investment in FMC Corporation, purchasing approximately 30.3 million shares at $13.30 per share for around $403 million. The Belgian industrial group now owns roughly 20% of the US agricultural sciences company's outstanding common stock. The transaction, first announced on 30 June 2026, received all necessary regulatory approvals. As part of the deal, Tessenderlo Group has the right to nominate one independent director to FMC's board and has put forward its chief executive officer, Luc Tack. Tessenderlo Group is subject to customary standstill restrictions and a three-year lock-up period on its shares. FMC develops crop protection solutions including biologicals and precision agriculture technologies. Tessenderlo Group, which operates in over 100 countries, recorded consolidated revenue of €2.8 billion in 2025.

Yahoo Finance
Jul 29th, 2026
FMC Corporation Q2 2026: $153M adjusted EBITDA beats guidance despite 17% revenue decline

FMC Corporation reported second quarter 2026 revenue of $867 million, down 17% year-over-year, with adjusted EBITDA of $153 million exceeding guidance. Excluding India, revenue fell 20% to $841 million, with organic revenue declining 22%. The company posted a GAAP net loss of $187 million, or $1.49 per diluted share. Adjusted earnings per share reached $0.26, down 62% from the prior year. Cash from operations rose significantly to $363 million, up $297 million year-over-year. FMC lowered its full-year outlook due to challenging macroeconomic conditions. The company now expects revenue excluding India of $3.50 billion to $3.70 billion and adjusted EBITDA between $620 million and $680 million. Free cash flow guidance increased to $75 million to $225 million, including a $200 million upfront licensing payment for rimisoxafen.

AInvest Fintech Inc.
Jul 1st, 2026
Tessenderlo to invest $400M for 20% stake in FMC at $13.30 per share

Tessenderlo Group has agreed to invest $400 million in FMC Corporation for a 20% stake at $13.30 per share, valuing the agricultural sciences company at approximately $2 billion. The transaction concludes FMC's strategic review initiated in February 2026 and supports its $1 billion debt reduction target. The Belgian industrial group described the investment as part of its strategy to acquire cornerstone minority stakes in high-quality agricultural companies. FMC said the agreement aligns with its operational plans, including advancing its R&D pipeline and commercialising new innovations. The deal follows recent FMC initiatives including a $1.2 billion bond offering, the $252 million sale of its India business, and a $200 million prepayment from Corteva. The transaction requires regulatory approvals and customary closing conditions.

MarketScreener
Jul 1st, 2026
FMC secures $400M from Tessenderlo Group to hit $1B debt paydown target

FMC Corporation, a global agricultural sciences company, has reached a definitive agreement with Belgian industrial group Tessenderlo Group for a $400 million minority equity investment at $13.30 per share. Upon completion, Tessenderlo Group will own approximately 20% of FMC's outstanding shares. The transaction concludes FMC's strategic options review announced in February 2026. FMC will use the proceeds to pay down debt, reaching its approximately $1 billion debt paydown target. Recent actions include raising $1.2 billion in secured bonds, selling its India commercial business for $252 million, and securing a $200 million prepayment from a Corteva agreement. The deal is subject to regulatory approvals. BofA Securities and Goldman Sachs advised FMC, whilst Stibbe and Sullivan & Cromwell advised Tessenderlo Group.

Simply Wall St
May 21st, 2026
FMC raises $750M in secured notes to ease leverage as dividend slashed 86%

FMC Corporation has raised $750 million through senior secured notes due 2031, issued under Regulation S and Rule 144A with guarantees. The fixed-income offering aims to strengthen the company's financial position and provide flexibility for operations, debt management and potential growth initiatives. The financing comes alongside a sharp dividend cut announced in April 2026, from $0.58 to $0.08 per share, signalling management's focus on cash preservation and balance sheet repair. FMC faces elevated leverage and weak interest coverage, making debt management the key near-term catalyst. Whilst the bond issue may ease short-term liquidity pressure, the company's investment narrative still depends on restoring profitability and cash generation in its crop protection business. Some analysts project FMC could reach $4.5 billion in revenue and $429 million in earnings.