Strategic Sourcing Specialist

Responsible for developing and implementing strategic sourcing policies, creating cost estimates and forecasts, and negotiating cost-effective contracts with key suppliers.

Responsibilities

• Participate and recommend new supply sources where vendors and suppliers are no longer competitive.
• Assist in the development of Category Plans for specific commodities.
• Support suppliers’ capabilities to improve the quality, delivery, and reduce the cost of assigned commodity.
• Gather, evaluate, and negotiate quotes from suppliers for goods and services.
• Execute RFPs and RFQs.
• Identify, evaluate, and capitalize on opportunities to reduce sourcing costs by analyzing categorical spend.
• Coordinate with all business units to ensure strategic sourcing initiatives are aligned with other business goals.
• Work with business units to monitor inventory needs and communicate forecasts.
• Monitor vendor performance by tracking SLA/KPIs.
• Negotiate with suppliers to resolve problems, expedite deliveries, address quality issues, and modify purchase orders as required.
• Facilitate communication and contracts between suppliers, sourcing team, and business units (labs, security, legal, IT) while centralizing policies, procedures, and maintaining contractual records.
• Implement vendor selection program to ensure the best vendors are secured, and standards are established to assess performance of approved vendors.
• Onboard, monitor, and review vendors.
• Maintain records, reporting, and renewals for contract management.
• Analyze contract risk and ensure business goals are being met.
• Monitor performance of contracts.
• Stay on top of industry and competitive trends, leverage customer insights, and execute at both a tactical and strategic level.
• Maintain purchase order information integrity in the ERP system (prices, quantity, accounting codes, terms, delivery date, etc.) and quotation files.
• Prepare, enter, confirm, and expedite in-house requisitions and vendor purchase orders.
• Drive continuous, provable improvements and efficiencies based on data.
• Audit regularly to ensure standard operating procedures are being followed.
• Identify industry trends and develop innovative marketing and merchandising initiatives to support growth.
• Maintain and protect the confidentiality of all company, subsidiary, legal entity, and client information.
• Comply with all applicable federal, state, and local safety and health regulations.
• Perform other duties as assigned.

Qualifications

• High School Diploma or equivalent.
• 3 years of purchasing experience in a related business field or inventory environment.
• Some knowledge of accounting, finance, manufacturing, or general business.
• Negotiating skills required.

Skills

• Ability to influence internal/external stakeholders with effective communication and business analysis skills.
• Ability to present and articulate analytical results and facilitate decision making.
• Self-starter who is willing to work independently and is goal-focused.
• Proficient in Word and Excel.
• Experience with an ERP System.
• Excellent verbal and written communication skills, including professional phone etiquette.
• Understanding of purchasing and/or accounting systems.
• Ability to multi-task.
• Knowledge of Change Management and Contract Life Cycle Management.
• Previous diversified business experience.
• Ability to interact and communicate appropriately with employees, clients, and management.

Physical Requirements

• Sitting for extended lengths of time.
• Close vision requirements due to computer work.
• Repetitive use of hands, fingers, wrists, and elbows for operating a computer and telephone.
• Lifting up to 25 pounds.

Equipment

• PC and communications equipment.
• ERP System.

Pay

$52,500 - $100,000

Benefits

• Medical, Dental, Vision.
• Life/AD&D.
• Supplemental Life/AD&D.
• Section 125 FSA Plan.
• 401(k).
• Short and Long-Term Disability.
• Paid Time Off.
• Holidays.
• Tuition Reimbursement.