Job Description:The Strategic Sourcing Specialist is responsible for optimizing a company's procurement by analyzing spending, researching markets, negotiating contracts, and managing supplier relationships to achieve best value, quality, and risk mitigation, using data analytics and technology to create efficient, cost-effective supply chains aligned with business goals.
Key Responsibilities:- Conduct in-depth analysis of spend, market trends, and supplier landscapes to identify opportunities.
- Identify, assess, select, and build strong relationships with suppliers, monitoring their performance.
- Lead contract negotiations, manage RFPs/RFQs, and ensure favorable terms and compliance.
- Implement strategies to reduce costs and improve quality, driving maximum value for the business.
- Develop and implement improvements for sourcing, logistics, and inventory processes.
- Work closely with internal departments to understand needs and align sourcing strategies.
- Utilize data analytics, ERP systems, and potentially AI tools for informed decision-making. NetSuite knowledge would be a plus.
- Other job duties and assigned.
Minimum Requirements:- Bachelor's degree in Supply Chain, Business, Finance, or related quantitative field.
- 10+ Years proven experience in procurement, sourcing, or related roles.
- Strong ability to analyze data, interpret market info, and make data-driven decisions.
- Excellent negotiation, presentation, and interpersonal skills.
- Proficiency in Excel, ERP systems, and potentially sourcing/spend management software.
- Problem-solving, planning, detail-orientation, and multitasking
Physical Requirements: - Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at times.
- May require up to 10% travel
