Sourcing Specialist

About the role

The Sourcing Specialist is responsible for negotiating vendor contracts on behalf of business units, focusing on low-to-medium value and moderately complex sourcing initiatives. This includes negotiating pricing and key contractual terms such as indemnification, limitation of liability, and confidentiality. The role partners closely with business units to understand project needs, support vendor-related initiatives, and assess impacts across the firm.

Responsibilities

• Lead multiple, concurrent sourcing initiatives in a cross-functional team environment that will include strategy, vendor selection, market intelligence, vendor and product viability and contract execution.
• Negotiate commercial and contractual terms with vendor executives and internal Legal partners.
• Guide senior leaders toward optimal purchasing decisions by balancing business requirements and cost.
• Execute on defined objectives aligned to Sourcing Strategies through the development and distribution of RFx's (RFI, RFQ, RFP), vendor communication, development of vendor selection criteria, and collaboration with cross-functional teams including business owners and legal.
• Maintain accurate records and data within the contract management system and other related sourcing tools.
• Use procurement tools and systems to create operational efficiency and visibility across the enterprise.
• Identify and pursue ad hoc opportunities to reduce product/service costs and support the implementation of operational improvement initiatives.
• Demonstrate continuous learning and growth in sourcing skills.

Requirements

• Bachelor's degree required.
• Minimum of 4 years related work experience, preferably involving negotiation and contracts.
• Understanding of Supply Chain management concepts and procedures.
• Understanding of legal and contracting environments.
• Understanding of operating environments of areas such as Finance, HR, Marketing, Information Systems.
• Ability to identify and avoid potential conflict of interest to ensure ethical business standards and practices are followed.
• Ability to communicate cost models, risk, and business concepts at the executive levels throughout the firm and with any given vendor.
• People and project management / organizational development skills required.
• Demonstrated ability to influence without authority and communicate upward and across divisions are required.

Qualifications

• Must live within a commutable distance from our Tempe, AZ and St. Louis, MO home office locations.

Skills

• Systems thinking and analytical skills to identify and implement cost savings, cost avoidance, and risk mitigation opportunities.

Benefits

• Medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness).
• Short- and long-term disability, basic life, and basic AD&D coverage.
• 401(k) retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account.
• Ten paid holidays and 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism.
• Eligibility for bonuses and profit sharing.
• Employee Assistance Program.

Pay

Compensation provided for using, not obtaining, the rating.

Schedule

Candidates that live within a commutable distance from our Tempe, AZ and St. Louis, MO home office locations are expected to work in the office four days per week.