Job
Description
As a Strategic Sourcing Specialist, you will play a crucial role in contributing to the success of our organization by driving strategic initiatives, optimizing procurement processes, and building strong partnerships with suppliers and internal stakeholders. If you are equipped with the required skills and experience and are enthusiastic about making a meaningful impact, we invite you to apply for this exciting opportunity. Your responsibilities will include identifying and assessing potential suppliers based on various factors such as cost, quality, reliability, and alignment with company objectives. You will be tasked with developing and executing sourcing strategies to enhance supplier selection and mitigate supply chain risks. Monitoring market trends, supplier capabilities, and industry dynamics to identify improvement opportunities will be a key aspect of your role. Drafting, reviewing, and executing contracts and agreements with suppliers while ensuring adherence to legal and regulatory requirements will be essential. Establishing and nurturing strong relationships with key suppliers to drive collaboration and long-term value is another critical responsibility. You will be expected to lead cost reduction efforts through effective negotiation, supplier consolidation, and value engineering. Analyzing pricing trends, market conditions, and cost-saving opportunities to optimize procurement decisions will be part of your regular tasks. Tracking and reporting on cost savings and cost avoidance achieved through procurement activities will be crucial for evaluating performance. Regular supplier audits and evaluations will also be conducted to ensure compliance with contractual agreements and quality standards. Collaboration with internal stakeholders from operations, engineering, product line, finance, and supply chain teams will be necessary to align procurement activities with the organization's business objectives. Providing strategic guidance and recommendations to support decision-making processes related to procurement and supplier management will be a key aspect of your role. To qualify for this position, you should hold a Bachelor's degree in engineering, supply chain management, business administration, or a related field. Professional certification from a US or UK institution would be a plus. Proven experience in strategic sourcing, procurement, or supply chain management, preferably in a manufacturing or distribution environment, is required. Strong negotiation skills, analytical abilities, and proficiency in contract management and supplier relationship management are essential for success in this role. Effective communication and collaboration skills, along with experience in using procurement software or enterprise resource planning (ERP) systems, will be advantageous. Knowledge of relevant regulations and compliance standards governing procurement activities is also expected. If you are ready to take on this challenging and rewarding opportunity in a dynamic environment, we look forward to receiving your application.,
