Strategic Sourcing Specialist

Reports to: Director of Procurement. Cooperates with: Production and Operations.

Responsibilities

• Strategize, identify, qualify, and develop alternate sources of supply.
• Establish three sources of supply for every part and ensure no single-source supply relationships exist.
• Develop and execute sourcing strategies to deliver documented and quantifiable cost savings through negotiation, alternate sourcing, improved terms, reduced transportation costs, and total cost of ownership improvements.
• Establish benchmarks for material pricing and assist in maintaining item master pricing integrity within the ERP system.
• Collaborate with product development and engineering to source new materials, lead and prepare bid events, and bid summaries.
• Maintain supplier relationships and monitor supplier performance using key performance indicators, scorecards, annual reviews, and supplier corrective actions.
• Develop and maintain supplier contracts, master supply agreements, and master purchasing agreements as needed; manage contract lifecycle, renegotiation, and renewals.
• Analyze purchasing, pricing, and inventory data to identify cost reduction and supply chain efficiency opportunities.
• Participate in continuous improvement, risk mitigation, reverse logistics, and sustainability initiatives.

Qualifications

• Bachelor's degree in business, supply chain management, operations, or a related field or equivalent combination of education and relevant purchasing/procurement experience.
• Five (5) or more years of relevant experience in sourcing, procurement, or supplier management in a manufacturing environment.
• Demonstrated experience achieving cost reductions or cost avoidance.
• Strong working knowledge of ERP systems and MRP-driven purchasing processes.
• Experience collecting, analyzing, and interpreting purchasing and inventory data.
• Ability to travel up to 20% as required for supplier visits.
• Advanced skills in Microsoft Excel, Word, and PowerPoint.
• Ability to read and interpret fabrication drawings and technical specifications.
• Strong organizational skills with the ability to manage multiple priorities in a fast-paced environment.
• Effective written and verbal communication skills and ability to work across cross-functional teams.
• High attention to detail, strong problem-solving skills, and ability to perform under pressure.
• APICS/ASCM, CSCMP, or ISM certification is preferred.
• Experience with SYSPRO ERP preferred.
• Experience purchasing engineered, fabricated, or made-to-order products preferred.

Benefits

• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance