Strategic Sourcing Specialist
The following description is not intended as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Management retains the discretion of adding or changing the duties of the position at any time.
JOB DESCRIPTION
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Develop procurement policies
Establish, analyze and optimize the business’s procurement strategy ensuring alignment with business goals.
- Lead collaboration with stakeholders and internal teams
Partner with stakeholders, executive leaders and department heads to understand business needs. Then, establish requirements, scope and criteria for procurement projects.
- Manage vendor selection
Lead initial market research and vendor profiles to aid supplier selection. Create, issue and manage RFPs in a digital RFP management system. Manage proposal evaluation and final vendor selection.
- Build ongoing vendor relationships
Use vendor management best practices throughout the negotiation, contracting, onboarding, and renewal. Conduct regular vendor performance evaluations and supplier risk assessments.
- Analyze procurement data
Collect and interpret procurement data including cost analysis reporting, benchmarking spending data, and return on investment.
- Optimize procurement processes
Perform regular reviews of established procurement processes to ensure continuous improvement, by refining policies, due diligence questionnaires and RFP templates.
COMPETENCIES
- Contracting and negotiation
- Risk management
- Strategic sourcing software experience
- Business ethics and transparency
- Forecasting and planning
- Category management
- Project management
- Data analysis
- ROI evaluations
- Relationship and Conflict Management
- Adaptability
- Strategic Thinking and Creative Problem Solving
- Relationship and conflict management
WORK ENVIRONMENT
This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and a calculator, ten key by touch.
PHYSICAL REQUIREMENTS
This position can be a sedentary role; however, some filing is required. While performing the duties of this job, the employee is frequently required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk; or hear.
The employee is required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and the ability to adjust focus.
SUPERVISORY RESPONSIBILITY
None
TRAVEL
No travel is expected for this position.
REQUIRED EDUCATION AND EXPERIENCE
Bachelor's degree in relevant fields
Minimum three years' experience in sourcing or procurement