The Sourcing Specialist will be key in driving Operational Excellence through the development and implementation of innovative sourcing strategies to find the best suppliers for goods and services.
Analyze product categories used by the company, spending patterns, and the processes and departments involved.
Analyze the supplier market and create a supplier portfolio.
Negotiate with and select suppliers.
Integrate suppliers into existing processes, onboarding any new vendors, or outsourcing providers.
Track performance metrics and optimize the sourcing plan, as needed.
This position will make the company’s procurement processes an adaptable system that contributes to the overall value and growth of the company long term.
ESSENTIAL JOB FUNCTIONS
Develop and implement a global purchasing strategy and processes.
Develop, maintain, and cultivate strong relationships with global suppliers (including dealers, brokers and sub-contractors).
Contribute to the global performance of the company by lowering the TCO (Total Cost of Ownership, including cost + freight + custom + control + inventory) and improving supply quality at all levels.
Negotiate with supplier’s terms, conditions, long term agreements, prices, planning, production, inventory control, quality control and factory control.
Monitor worldwide trends in suppliers, source new components, promote within the company new innovative solutions, develop a double sourcing strategy where appropriate, rationalize the raw material/component list.
Support the brand management and marketing groups especially for the quoting of new products and for providing the necessary supplier information.
Ensure supplier qualifications and compliance with company requirements for safety, legal and environmental matters.
Support the Quality Department in the management of CAPA’s and non-conformances wherever supplier performance is involved to determine cause of the problem and take corrective and preventative action.
Prepare reports regarding market conditions and merchandise costs.
Work closely with operations to ensure the most efficient response to inventory delivery problems or the need for increased quantities.
Yearly price review with all key vendors.
Assist with other special projects as needed.
Other duties as assigned.
· A Bachelor’s degree with 5 years’ experience in a sourcing/purchasing/supply chain management role.
· Strong investigative and negotiation skills.
· Ability to work independently and be self-motivated to complete tasks accurately and on time.
· Strong computer aptitude with proficiency in Microsoft Office software including advanced Excel skills.
· Professional and effective communication skills (verbal and in writing).
· Willingness to travel as required to manage supplier relationships.
· Strong organizational skills and ability to multi-task and set priorities.