Strategic Sourcing Specialist

As a Strategic Sourcing Specialist, you will play a key role in driving strategic initiatives, optimizing procurement processes, and building strong partnerships with suppliers and internal stakeholders to contribute to our organization's success. If you have the required skills and experience and are motivated to make a significant impact, we invite you to apply for this exciting opportunity. Your responsibilities will include identifying and evaluating potential suppliers based on various factors such as cost, quality, reliability, and alignment with company objectives. You will develop and implement sourcing strategies to enhance supplier selection and manage supply chain risks effectively. Monitoring market trends, supplier capabilities, and industry dynamics will be crucial in identifying opportunities for improvement. Drafting, reviewing, and executing contracts and agreements with suppliers while ensuring compliance with legal and regulatory requirements will be part of your role. You will establish and nurture strong relationships with key suppliers to promote collaboration and create long-term value. Driving cost reduction initiatives through negotiation, supplier consolidation, and value engineering will be essential. Analyzing pricing trends and market conditions to identify cost-saving opportunities and optimize procurement decisions will be a key focus area. You will track and report on cost savings and cost avoidance achieved through procurement activities. Monitoring supplier performance against key performance indicators (KPIs) like quality, delivery, and service levels and implementing performance improvement initiatives will be vital. Collaborating closely with internal stakeholders from various departments like operations, engineering, product line, finance, and supply chain teams to align procurement activities with business objectives will be necessary. Providing strategic guidance and recommendations to support decision-making processes related to procurement and supplier management will be a crucial aspect of your role. Requirements for this role include a Bachelor's degree in engineering, supply chain management, business administration, or related field. Proven experience in strategic sourcing, procurement, or supply chain management, preferably in a manufacturing or distribution environment, is preferred. Strong negotiation skills, analytical abilities, proficiency in contract management, and effective communication with internal stakeholders are essential. Experience with procurement software or ERP systems is desirable, along with knowledge of relevant regulations and compliance standards governing procurement activities. In summary, as a Strategic Sourcing Specialist, you will be a key player in driving strategic initiatives, optimizing procurement processes, and fostering strong partnerships with suppliers and internal stakeholders to contribute to the organization's success.,