Lincoln Electric Holdings Inc

Sourcing Specialist

Lincoln Electric Holdings Inc$81K — $102K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Supply Chain Management, Business, Engineering, Finance, Operations, or related field
  • 3+ years of experience in strategic sourcing, category management, procurement, or supply chain
  • Success in developing and executing category strategies and supplier management programs
  • Familiarity with ERP systems like SAP, Oracle, and analytics tools such as Power BI
  • Strong analytical, project management, and communication skills

Responsibilities

  • Develop and execute category and supplier strategies that support long-term business goals
  • Collaborate with cross-functional teams to identify and implement cost-saving initiatives
  • Assist in evaluating, qualifying, and onboarding new suppliers
  • Support supplier selection, commercial negotiations, and contract management
  • Monitor market conditions and provide insights for sourcing decisions
  • Maintain supplier relationships and track performance metrics
  • Coordinate sourcing events like RFIs, RFPs, and RFQs

Benefits

  • Opportunity for professional growth within a dynamic team environment
  • Engagement with cross-functional departments for holistic project impact
  • Involvement in cost-saving and value-enhancing initiatives
  • Access to company-wide resources for ongoing development and training
  • Exposure to strategic procurement strategies and supply chain management
Full Job Description


Location: Euclid - 22800
Employment Status: Salary Full-Time
Function: Supply Management/Purchasing
Pay Range: $81,992.00- $102,490.00
Target Bonus: 10.0%
Req ID: 29992

Purpose

The Strategic Sourcing Specialist supports the development and execution of sourcing and category management strategies for assigned direct material categories to ensure supply continuity, cost competitiveness, supplier performance, and operational excellence. Working closely with Engineering, Operations, Quality, Finance, and Supply Chain teams, this role contributes to the identification and implementation of cost savings, value improvement, and supply chain optimization opportunities that align with business objectives.

This position is responsible for supporting supplier sourcing and qualification activities, managing sourcing events, monitoring market conditions, analyzing spend and supplier performance data, and assisting with new product development initiatives. Through effective cross-functional collaboration and supplier engagement, the Strategic Sourcing Specialist helps maintain a competitive and reliable supply base while supporting risk mitigation, continuous improvement, and strategic procurement objectives.

As a member of the Direct Sourcing organization, this role contributes to the success of the procurement function by driving disciplined execution, fostering strong supplier relationships, and supporting initiatives that enhance business performance, operational efficiency, and long-term value creation.

Key Responsibilities

  • Develop and execute comprehensive category and supplier strategies that align with long-term business objectives and drive sustainable value.
  • Collaborate with cross-functional teams, including Engineering, Operations, Quality, and Finance, to identify and implement cost-saving and value improvement opportunities
  • Assist in identifying, evaluating, qualifying, and onboarding new suppliers to ensure a competitive and reliable supply base.
  • Support supplier selection activities, commercial negotiations, and contract administration to achieve cost, quality, delivery, and service objectives.
  • Monitor market conditions, commodity trends, and supplier developments, providing insights to support sourcing decisions and risk mitigation efforts.
  • Maintain supplier relationships and support performance management activities, including tracking key metrics and coordinating improvement actions.
  • Utilize spend data, market research, and performance metrics to identify sourcing opportunities and support category management initiatives.
  • Assist with new product development (NPD) and product lifecycle activities by coordinating supplier engagement and sourcing support.
  • Coordinate sourcing events, including RFIs, RFPs, RFQs, and competitive bid processes, under the guidance of sourcing leadership.
  • Support initiatives focused on supply continuity, supplier diversification, sustainability, and operational efficiency.
  • Ensure sourcing activities comply with company policies, procedures, contractual requirements, and regulatory standards.
  • Prepare reports, presentations, and analyses to support sourcing decisions, supplier reviews, and business planning activities.
  • Participate in continuous improvement projects and other duties or special assignments as required.


Knowledge and Experience

Required Qualifications:
  • Bachelor's degree in Supply Chain Management, Business, Engineering, Finance, Operations, or a related field
  • 3+ years of progressive experience in strategic sourcing, category management, procurement, or supply chain
  • Proven success developing and executing category strategies, supplier management programs, cost reduction initiatives, and commercial negotiations.
  • Proficiency with ERP systems and analytics tools to include systems such as SAP, Oracle, Ariba, and Power BI.
  • Strong analytical, project management, communication, and stakeholder influence skills with the ability to manage multiple priorities.


Preferred Qualifications:
  • MBA and/or professional certifications (CPSM, CPM, CSCP)
  • Experience within a manufacturing environment.
  • Willingness to travel up to 15%, including overnight travel.

About Lincoln Electric Holdings Inc

Lincoln Electric is a global manufacturer and the market leader of the highest quality welding, cutting and joining products. The company has a strong focus on research and development, and has been responsible for many of the innovations that have revolutionized the welding industry. Lincoln Electric has a strong commitment to sustainability and has been recognized for its efforts in this area. The company has a presence in over 160 countries and has a reputation for providing excellent customer service.
Learn more about Lincoln Electric Holdings Inc
Size
11,000 employees
Market Cap
$8.3 billion
Industry
Net Income
$206.1 million
Founded
1895
5 Year Trend
+7.3%
Revenue
$2.6 billion
NASDAQ

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