Sourcing Specialist

We are seeking a skilled and strategic Sourcing Specialist to join our procurement team. You will be responsible for identifying, evaluating, and onboarding suppliers to optimize cost, quality, and reliability of goods/services. The ideal candidate will have strong market analysis skills, negotiation expertise, and a proactive approach to supplier relationship management.

Key Responsibilities:

1. Supplier Identification & Evaluation

   • Conduct market research to identify potential new suppliers and sourcing opportunities.

   • Perform supplier assessments (RFI/RFQ/RFP), including capabilities, financial stability, quality standards, and compliance checks.

   • Organize and lead supplier site visits and audits when necessary.

2. Strategic Sourcing & Negotiation

   • Develop and execute sourcing strategies for assigned categories (direct/indirect materials or services).

   • Lead negotiation of terms, pricing, contracts, and service level agreements to achieve cost savings and mitigate risks.

   • Analyze total cost of ownership and provide data-driven recommendations.

3. Supplier Relationship Management

   • Build and maintain strong, long-term partnerships with key suppliers.

   • Monitor supplier performance against KPIs and drive continuous improvement initiatives.

   • Resolve supplier-related issues regarding delivery, quality, or contractual matters.

4. Cross-functional Collaboration

   • Work closely with internal stakeholders (e.g., R&D, Operations, Quality, Finance) to align sourcing activities with business needs.

   • Support new product development by sourcing and qualifying components or services in a timely manner.

5. Process & Data Management

   • Maintain accurate records of supplier information, contracts, and pricing in the procurement system.

   • Prepare regular reports on sourcing activities, savings achievements, and market trends.