Strategic Sourcing Specialist

Job Description

Job Description

This position is responsible for strategic sourcing that contributes to our customer satisfaction and financial growth by developing strategic supplier relationships and obtaining the most competitive material pricing and lead-time on new bids to customers. The Strategic Sourcing Specialist is the point person in all material hand-offs from the bid phase to the purchasing phase. This position requires strong analytical and negotiation skills to realize cost savings in bids and to effectively develop strategic sourcing agreements with vendors.

Essential Duties and Responsibilities

• Analyzes spend data/market trends to develop overall strategic sourcing initiatives
• Research and select suppliers for strategic sourcing agreements/initiatives
• Analyzes bid responses and supplier information to determine best sources of supply to support customer and business demand
• Work closely with and provide strategic assistance on material bids to our pricing and business development teams
• Develop and maintain approved supplier list
• Coordinate NPI risk assessment, launch support
• Negotiate strategic sourcing agreements and amendments with reasonable and appropriate terms and conditions
• Develop and implement cost reduction initiatives to ensure favorable PPV
• Ability to read and understand technical drawings and systems
• Quarterly lead time updates
• Customer support as required
• Meet with supplier representatives, participate in quarterly business reviews with key suppliers
• Perform other tasks as assigned by supervisor

Job Requirements

• Bachelor’s Degree in Finance, Accounting, Operations/Supply Chain Management or a technical discipline
• Analytical thinker who can draw sound business conclusions from multiple sources of information
• Exceptional Excel skills
• Demonstrated strong organizational and project management skills
• Demonstrated ability to think and act strategically
• Demonstrated problem solving skills
• Demonstrated results through negotiation and supplier management techniques
• Minimum 1-2 years in a strategic role
• Demonstrated Procurement/Sourcing experience, particularly in contract development and management
• Excellent verbal, written communication and negotiation skills
• Presence and ability to effectively communicate with internal and external customers, suppliers and senior management
• Experience building strategic working relationships
• 10% travel