Strategic Sourcing Specialist

About the role

This position is responsible for strategic sourcing that contributes to our customer satisfaction and financial growth by developing strategic supplier relationships and obtaining the most competitive material pricing and lead-time on new bids to customers. The Strategic Sourcing Specialist is the point person in all material hand-offs from the bid phase to the purchasing phase.

Responsibilities

• Analyzes spend data/market trends to develop overall strategic sourcing initiatives
• Researches and selects suppliers for strategic sourcing agreements/initiatives
• Analyzes bid responses and supplier information to determine best sources of supply to support customer and business demand
• Works closely with and provides strategic assistance on material bids to our pricing and business development teams
• Develops and maintains approved supplier list
• Covers NPI risk assessment, launch support
• Negotiates strategic sourcing agreements and amendments with reasonable and appropriate terms and conditions
• Develops and implements cost reduction initiatives to ensure favorable PPV
• Meets with supplier representatives, participates in quarterly business reviews with key suppliers
• Performs other tasks as assigned by supervisor

Requirements

• Bachelor’s Degree in Finance, Accounting, Operations/Supply Chain Management or a technical discipline
• Analytical thinker who can draw sound business conclusions from multiple sources of information
• Exceptional Excel skills
• Demonstrated strong organizational and project management skills
• Demonstrated ability to think and act strategically
• Demonstrated problem solving skills
• Demonstrated results through negotiation and supplier management techniques
• Minimum 1-2 years in a strategic role
• Demonstrated Procurement/Sourcing experience, particularly in contract development and management
• Excellent verbal, written communication and negotiation skills
• Presence and ability to effectively communicate with internal and external customers, suppliers and senior management
• Experience building strategic working relationships
• 10% travel

Qualifications

• Minimum 1-2 years in a strategic role
• Demonstrated Procurement/Sourcing experience, particularly in contract development and management
• Excellent verbal, written communication and negotiation skills
• Experience building strategic working relationships
• 10% travel

Skills

• Strong analytical and negotiation skills
• Ability to read and understand technical drawings and systems
• Quarterly lead time updates
• Customer support as required

Benefits

• United States: Full-time work schedule that includes every other Friday off, full benefits package including medical, dental, prescription drug insurance, flexible spending accounts, generous 401(k) match, company-paid and voluntary life insurance plans, paid holidays and paid time off days, reimbursement programs, and paid time off to volunteer
• Canada: Full benefits package including company-paid and voluntary life insurance plans, paid holidays and paid time off days, reimbursement programs, and pension plan

Pay

Compensation is commensurate with experience.

Schedule

Full-time work schedule that includes every other Friday off.