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Title
Text copied to clipboard!Sourcing Specialist
Description
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We are looking for a Sourcing Specialist to join our dynamic procurement team. In this role, you will be responsible for developing and executing sourcing strategies to secure the best products and services at the most competitive prices. You will work closely with suppliers to negotiate contracts, improve supply chain efficiency, and ensure the timely delivery of products and services. A successful candidate will have a keen eye for identifying market trends, excellent negotiation skills, and the ability to work collaboratively across departments to meet the company's procurement needs. Your goal will be to build and maintain strong relationships with key suppliers while optimizing costs and ensuring quality standards are met. This position requires a strategic thinker with a proactive approach to problem-solving and a deep understanding of global supply chains. You will play a crucial role in supporting the company's operational objectives by ensuring a stable and cost-effective supply of necessary materials and services.
Responsibilities
Text copied to clipboard!- Develop and implement effective sourcing strategies.
- Identify potential suppliers and conduct market research to ensure best value and quality.
- Negotiate contracts and terms with suppliers.
- Manage supplier relationships and evaluate performance to ensure compliance with contractual obligations.
- Collaborate with internal stakeholders to understand their procurement needs.
- Monitor market trends and supplier performance to adjust sourcing strategies as needed.
- Ensure timely delivery of products and services.
- Manage the procurement process from the initial requisition to the final purchase.
- Conduct risk management for supply contracts and agreements.
- Implement cost-saving measures and negotiate discounts.
- Maintain detailed records of procurement activity.
- Resolve issues and disputes with suppliers.
- Assess and optimize the supply chain to improve efficiency.
- Stay informed about industry standards and compliance requirements.
- Collaborate with the legal department to ensure contracts are in compliance with laws and regulations.
- Participate in trade shows and networking events to identify new suppliers.
- Conduct supplier audits to ensure adherence to quality standards.
- Prepare and present reports on sourcing activities and outcomes.
Requirements
Text copied to clipboard!- Bachelor's degree in business, supply chain management, or a related field.
- Proven experience as a Sourcing Specialist or in a similar role.
- Strong negotiation and communication skills.
- Excellent analytical and problem-solving abilities.
- Knowledge of market research, data analysis, and procurement best practices.
- Experience with supplier management and contract negotiation.
- Ability to work independently and as part of a team.
- Proficiency in procurement software and Microsoft Office Suite.
- Strong organizational and time management skills.
- Attention to detail and ability to manage multiple projects simultaneously.
- Understanding of supply chain risks and how to mitigate them.
- Familiarity with industry standards and quality controls.
- Ability to travel as required.
- Experience in project management.
- Knowledge of international trade and shipping regulations.
- Certification in supply chain management or procurement is a plus.
Potential interview questions
Text copied to clipboard!- Can you describe a time when you successfully negotiated a contract with a difficult supplier?
- How do you stay informed about market trends and supplier performance?
- What strategies do you use to manage risk in the supply chain?
- Can you give an example of a cost-saving initiative you implemented in a previous role?
- How do you handle disputes with suppliers?
- What is your approach to evaluating and selecting new suppliers?
- How do you ensure the quality of products and services from suppliers?
- Can you describe your experience with procurement software?
- How do you prioritize tasks in a fast-paced procurement environment?
- What do you think are the biggest challenges facing sourcing specialists today?