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The Strategic Sourcing Specialist role is responsible to execute strategic sourcing initiatives in a specific category; work with business stakeholders to ensure data accuracy and specification of materials and service being sourced/ procured; provide customer relationship support and track vendor performance; and assess elements of the supply base and help define, execute, and support strategic sourcing and procurement decisions.
What You'll be Doing:
- Assist with the collection, analysis, benchmarking and reporting of category and spend data to build and maintain category spend and pricing databases.
- Develop and issue RFX’s.
- Lead basic and moderately complex sourcing events.
- Review contracts, pricing, purchase orders, and service levels.
- Perform value analysis and total cost of ownership analytical activities.
- Monitor and report savings to Strategic Sourcing Lead.
- Interview stakeholders to develop service specification levels.
- Participate in cross-functional teams that will assess the opportunities and supply markets in order to develop, implement and institutionalize various sourcing strategies.
- Maintain and help build supplier relationships.
- Manage strategic category management processes, procedures, supplier and category segmentation, metrics/KPI development and application, scorecard format, contract management, etc.
- Gathers and reviews data to support category management / strategic sourcing activities (i.e. specifications, statements of work, performance terms, and/or acceptance criteria)
- Manage the sourcing process from analyzing the vendors proposals, communicating between stakeholders and determining a negotiation strategy.
- Develop and execute pricing and contract negotiation strategies; understanding financial impact to all negotiations and assisting Strategic Sourcing Lead with negotiations and contract pricing and terms.
- This job profile is not meant to be all inclusive of the responsibilities of this position; may perform other duties as assigned or require.
What You'll Bring with You (Qualifications):
- Bachelor’s degree preferably in Business or Supply Chain required, or equivalent job experience.
- 1-3 years of experience in sourcing, contract negotiation, competitive price analysis, and purchasing.
- 3+ years of experience in sourcing, contract negotiation, competitive price analysis.
- Retail or Consumer facing industry preferred.
- Superior quantitative and qualitative analytical skills.
- Strong experience with use of analytical methods and tools.
- Ability to function in ambiguous and/or time-sensitive situations.
- Strong listening and interpersonal skills.
- Self-directed, requiring limited guidance and / or structure.
- Good communication and team skills.
- Advance knowledge of Microsoft Excel.
- Experience with SAP/Ariba a plus.
- Aptitude for conducting wide-ranging research.
- Financial acumen preferred.
- Leadership and team building abilities.
- Active curiosity—enjoy gathering and digging deeply into data to identify opportunities and risks.
- Ability to develop communications and presenting to cross functional partners.
- Strong organizational, planning, and time management skill with ability to prioritize multiple/competing projects and assignments.
