Strategic Sourcing Specialist

About This Role

This Strategic Sourcing Specialist will work in a fast-paced multi-site manufacturing environment to drive material cost improvements and execute sourcing projects. The role involves global supplier development, negotiation, and commodity management to optimize quality, lead-time, and price for a precision technology company.

Responsibilities

• Drive material cost improvements through purchase price reductions and material cost out activities through re-design
• Execute sourcing funnel process with several commodities
• Locate and develop suppliers globally and engage suppliers in projects to improve quality, lead-time, and price/terms
• Drive regular improvement in Purchase Price Variance (PPV) through RFQs, auctions, and negotiations with suppliers
• Be responsible and accountable for the strategic direction and daily management of specific purchased commodities
• Execute the vendor consolidation process of identifying and developing strategically important suppliers
• Work closely with Supply Chain/Materials personnel to implement and receive benefits of best practices
• Support the negotiation strategies with suppliers ensuring inventory optimization is included in supplier contracts and agreements
• Work with cross functional team supporting Value Analysis Value Engineering Events to identify cost-out opportunities in support of building the cost out funnel
• Create and execute Commodity strategies to better align with supply chain; negotiate payment and working capital terms with suppliers that align to business terms
• Negotiate MSA’s with Grow/Maintain/Preferred suppliers
• Understand commodity trends utilizing pro-purchaser or Commodity Price Index
• Negotiate MOQ/POQ/LT’s with suppliers as it aligns to the business standards

Requirements

• BS/BA in Engineering or Business
• Specific background with international sourcing
• Demonstrated ability to reduce material cost through material substitutions, material reductions, etc.
• Lean manufacturing experience including kanban planning, establishing reorder quantities, inventory optimization, and a strong process mind set
• Proficient in Word, Excel, PowerPoint
• Experience performing queries in ERP systems (Business Objects), along with data gathering, manipulation, and analysis expertise

Qualifications

• BS/BA Engineering or Business
• 3-6 years progressive experience in planning, purchasing and inventory control within a low-volume high mix manufacturing environment

Nice to Have

• 3-6 years progressive experience in planning, purchasing and inventory control within a low-volume high mix manufacturing environment
• CPIM (APICS) Certification

Skills

* Required skills

Certifications