Overview:
The Sourcing Specialist plays a crucial role in identifying developing and managing supplier relationships to ensure the timely and costeffective procurement of goods and services. They are responsible for executing strategic sourcing initiatives and developing procurement strategies to optimize supply chain efficiency.
Key Responsibilities:
- Participate in the development and implementation of sourcing strategies
- Evaluate and select suppliers based on their ability to meet company objectives
- Negotiate contracts and pricing with suppliers to achieve cost savings
- Conduct market research and analysis to identify potential suppliers and market trends
- Develop and maintain supplier relationships and performance metrics
- Collaborate with crossfunctional teams to identify sourcing needs and opportunities
- Manage the procurement process from requisition to purchase order issuance
- Monitor and report on supplier performance and compliance
- Ensure compliance with company policies and legal requirements
- Identify and implement continuous improvement initiatives within the sourcing process
Required Qualifications:
- Bachelors degree in supply chain management business or related field
- 3 years of experience in strategic sourcing or procurement
- Demonstrated knowledge of procurement best practices and sourcing techniques
- Strong negotiation and contract management skills
- Proficiency in supplier relationship management and performance metrics
- Ability to analyze and interpret market data and trends
- Excellent communication and interpersonal skills
- Proficient in using procurement and supply chain management software
- Ability to work collaboratively in crossfunctional teams
- Understanding of legal and regulatory requirements in procurement
negotiation,supplier management,cost analysis,market research