Strategic Sourcing Specialist

Strategic Sourcing SpecialistAt Rite-Hite, your work makes an impact. As the global leader in loading dock and door equipment, we design and deliver solutions that keep our customers safe, secure, and productive. Here, you'll find innovation, stability, and the chance to grow your career as part of a team that's always looking ahead.Working cross-functionally, the Strategic Sourcing Specialist is responsible for several diverse actions within the organization, with principal focus on sourcing, supplier management, and supplier development, maintaining an agile and aggressive supply base while procuring high quality goods at a fair and competitive price.This role also manages the execution of sourcing strategies that produce tangible value through the implementation of new product development and value analysis value engineering processes and projects that yield a reduced total cost of material acquisition, revenue and gross margin improvement, supply base alignment, enhanced product quality, and overall reduction of risk.Essential Responsibilities:Identify and deliver material cost productivity to the cost of goods sold leveraging continuous improvement methodologies including Total Cost of Ownership (TCO) improvements through VA/VE, should-cost modeling, price negotiation and design-to-cost initiatives.Manage supplier expectations and performance, driving corrective action and improvements as prescribed using data analyticsDevelop, negotiate, and execute agreements with suppliers that provides best in class servicesLead New Product Innovation projects from sourcing side by leveraging preferred supplier programsIdentify new suppliers to support life cycle product strategy for new, existing, or end of life productsUtilize Supplier Relationship software to support improved supplier executionDevelop comprehensive RFx processes, analysis and reporting of benchmarking information including potential risks and financial, capacity, quality, and compliance issues associated with suppliers.Optimize the supply chain of goods and services from our suppliers to our customers by focusing on market driven responsiveness and aid in material management escalationsInternal Stakeholders: Collaborate effectively with key stakeholders (engineering, operations, quality, etc.) to understand sourcing requirements, ensure supplier qualification, and maintain high quality standards.Cross-functional Teams: Partner with business unit Procurement and Engineering teams to facilitate smooth supplier transitions.Supplier Selection: Conduct thorough RFx processes to select and negotiate contracts with optimal terms and conditions.Education and/or Experience:Bachelor's Degree in Engineering, Supply Chain, Business or Operations or related field OR equivalent work experience3 years' experience in Strategic Sourcing or related work environmentKnowledge of supplier contracts, product conformity, quality toolbox and problem-solving methodologiesProficiency in data analysis and relevant procurement tools.Proven ability to assess, negotiate, and manage suppliers effectively.Strong collaboration, facilitation, and conflict resolution skills in a matrixed environment.Excellent verbal and written communication skills.Preferred Qualifications:Experience with Business Intelligence (BI) software such as Power BI, Tableau, etc.Experience with ERP and Supplier Relationship software packages e.g. Oracle, JDE, etc.Familiarity with Continuous Improvement and Six Sigma concepts & methodologiesStrong business acumen, including demonstrated knowledge of the four main financial statementsStrong negotiation skillsAdvanced proficiency in Microsoft Office Suite, especially Excel.Spanish language skills are a plus.Ideal if You Are:A strategic thinker with strong analytical and problem-solving skills.Results-oriented and thrive in achieving ambitious goals.An effective communicator and collaborator with excellent interpersonal skills.Proactive, self-motivated, and capable of working independently and in teams.Passionate about continuous improvement and innovation.Ability to interpret data and database application knowledge.Knowledgeable of purchasing techniques including strategic supplier concepts.Knowledgeable of supply solutions that optimize business investment costs.This role offers a challenging and rewarding opportunity to contribute to the success of a global leader in the manufacture, sale, and service of equipment for loading docks, industrial doors, safety barriers, and industrial fans.What We Offer:Health & Well-being: Comprehensive medical, dental, and vision coverage, plus life and disability insurance. A robust well-being program with an opportunity to receive an extra day off and more.Financial Security: A strong retirement savings program with 401(k), company match, and profit sharing.Time for You: Paid holidays, vacation time, and personal/sick days each year.Join us and build a career where you're supported – at work and beyond.Rite-Hite is proud to be an Equal Opportunity Employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected characteristic under federal, state, or local law. In accordance with VEVRAA, we are committed to providing equal employment opportunities for protected veterans. We are also committed to maintaining a drug-free workplace for the safety of our employees and customers.