Sourcing Specialist Job Description

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Sourcing Specialist Job Description

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Manufacturing, Transport, and Logistics

Job summary 1

The Sourcing Specialist is responsible for managing sourcing requests, driving opportunities to preferred suppliers, and negotiating cost reductions through alignment with the Company Product Management strategy.

Duties & Responsibilities 1

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Requirements & Skills 1

Job summary 2

Sourcing Specialist is a high-profile, cross-functional position that plays an integral role in enabling production flow and supporting launch manifest and key developmental goals. Working in close coordination with engineering and manufacturing departments, sourcing specialists execute effective creative and smart supply chain strategies to achieve production goals. The functions within the sourcing management include vendor coordination and procurement, delivery management, and dock-to-stock coordination. With integration taking place in-house, sourcing specialists can see their assemblies come to life every day!

Duties & Responsibilities 2

Forecast demand, evaluate capacity and manage supply signals to adjust incoming material
Track high-risk components and supplier delivery performance
Establish and manage mechanical and electrical bills of materials in both prototype and production phases
- Recover material shortages of purchased and fabricated parts by working cross-functionally and using their knowledge base to come up with creative solutions
- Analyze and interpret data to distinguish the signal from the noise
- Communicate clearly and rapidly to influence the decisions of vendors and senior leadership

Requirements & Skills 2

Job summary 3

The Sourcing Specialist will be accountable individually, as a team member, and as a leader of projects and assignments involving goods and services broadly defined as Facilities & Operation Services. The Sourcing Specialist will be expected to lead cross-functional teams to successfully execute strategic sourcing initiatives that meet or exceed operational and financial goals.

Duties & Responsibilities 3

Requirements & Skills 3

Preferred experience supporting various categories under Facilities and Operational Services (FOS), including MRO & General Industrial supplies, Entertainment, and Facility Services.
Prior work experience within Hospitality, Entertainment, Manufacturing, or similar industries
Knowledge of and the ability to understand, interpret and communicate: BLS Indexes, OPEC/FRED economic reports, Dunn & Bradstreet reports, etc.
Ability to build a highly compelling business case
- Demonstrated ability to drive projects to conclusion
- Ability to collaborate on ideation and supplier innovation
- Bachelor’s degree required in Business, Supply Chain, Finance, or another quantitative discipline; or equivalent job experience

Job summary 4

The Sourcing Specialist is a production sourcing role, supporting the Magnetic Resonance business. Lead strategic and operational sourcing initiatives and activities to achieve business priorities while ensuring internal customer satisfaction. In-depth understanding of key business drivers and sourcing best practices.

Duties & Responsibilities 4

Strong communication and project management skills. Communication with direct colleagues and the business about sourcing activities and services. Explains complex information to others in straightforward situations.
Impacts projects, processes, and procedures in own field. The role operates with some autonomy but is focused on the execution of activities/provision of advice within an enabling discipline covered by standard functional practices and procedures. Activities require professional judgment but may require more senior levels of guidance.
Utilizes technical expertise and judgment to solve problems. Leverages sourcing skills and analytic thinking required to solve problems. May use multiple internal sources outside of own team to arrive at decisions.

Requirements & Skills 4

Bachelor's degree from an accredited university or college or a high school diploma with at least 6 years of experience in sourcing/supply chain.
Strong oral and written communication skills.
- Demonstrated ability to analyze and resolve problems.
- Ability to document, plan, market, and execute programs.
- Established project management skills.

Job summary 5

The Sourcing Specialist is responsible for supporting the Sourcing and Contracting Managers and their activities associated with leading the Value Analysis processes for proactively identifying savings opportunities, managing expiring contracts, and addressing new supplies and services requests and process changes.

Duties & Responsibilities 5

Support activities associated with Opportunity Identification and documentation using VAT tools and methodologies (OIW) to analyze and address existing supplies and services, expiring contracts, and new supplies and services requests and process changes; and lead efforts to proactively identify opportunities.
Support managing and maintaining the Opportunity Tracking Report (OTR) to ensure its accuracy for VASC reporting and annual budget preparation.
Conduct certain aspects of Preliminary Analysis to validate assumptions, determine risks, and quantify the potential value of the opportunity. Occasionally, summarize analyses and make recommendations for Pursuit Strategy.
Provide support for opportunity evaluation and vetting to include determining current obligations; establishing baselines (price, utilization, etc.); obtaining current procedures, protocols, satisfaction levels, statistics, etc.; identifying end users/stakeholders; identifying related/comparable products; identifying alternative suppliers, processes, protocols, etc.; conducting market research i.e., websites, GPO, MD Buyline, and price benchmarking; and occasionally preparing Initiative Approval Worksheet (IAW).
- Prepare draft presentations of completed preliminary analysis and pursuit for the Sourcing & Contracting Manager's consideration, and support decision-making processes. If the decision is made to pursue the opportunity, Initial Approval supports the Sourcing & Contracts Managers in documenting the complexity and priority of the initiative.
- Support the Sourcing & Contracting managers in completing tasks associated with Pursuit activities such as improving current pricing, standardizing supplies, consolidating suppliers, improving contractual language and performance standards, improving utilization, processes, reducing inventory, and outcomes.
- Provide support for activities related to developing and issuing an RFP; analyzing RFP responses, benchmarking, trials, and reference checks; developing negotiation strategy and conducting negotiations; and contract development, review, and approval processes to include Legal Counsel review and approval.

Requirements & Skills 5

Bachelor's degree required or 6 years of relevant experience instead of a degree.
3+ years experience in healthcare supply chain or industry-related supply chain experience. (Related fields may include Business Manager, Legal, Purchasing, Contracting, Accounting, Business Management, Population Health, Project Management, and Business Analytics)

Job summary 6

The Sourcing Specialist will work in a dynamic environment and focus on sourcing and pipelining active and passive candidates for all departments and levels (including non-exempt, exempt, executives, etc.) The Sourcing Specialist will report to the Talent Acquisition Manager and assume various responsibilities with an initial focus on reducing our time-to-fill, decreasing our need to contract external recruiters, and building a network of excellent talent in the multifamily industry.

Duties & Responsibilities 6

Strategically and proactively sources passive candidates to build and maintain a quality talent pipeline for current and future workforce needs.
Understands external market conditions and effectively educates other Talent Acquisition team members on best practices and sourcing techniques and tools.
Leverages effective, creative, economical, and appropriate methods of engaging candidates.
Conducts initial candidate screening as requested by Talent Acquisition Manager.
Reviews resumes and contacts candidates via email, phone, and other communication channels to ascertain fit and interest. Refers candidates to recruiters as appropriate.
Acts as a backup for the Recruiting Coordinator when they are out of the office or over capacity.
- Responds to Associate requests/questions in a professional and timely manner.
- Works alongside the Talent Acquisition team and is willing to receive guidance from Recruiters for position-specific information.
- Works on special projects as assigned and cross trains as necessary.

Requirements & Skills 6

Job summary 7

We have an exciting and challenging opportunity for a Sourcing Specialist! The Sourcing Specialist is part of the Maintenance, Repair, and Operations & Capital Sourcing Team which manages the sourcing needs of Company businesses and Capital Project teams. The Sourcing Specialist will actively engage and support clients in the businesses and functions to ensure that sourcing requirements are known, and that supplier quality and service levels meet expectations. This role also negotiates assigned specific equipment or service purchases for execution as purchase orders.

Duties & Responsibilities 7

Develop knowledge of the supply market and suppliers. Conduct Strategic Sourcing Projects including market analysis and the development of short and mid-term strategies.
Responsible for the negotiation, execution, and implementation of commercial agreements and related work processes by the strategies within the commercial area and/or geography.
Manage Supplier Relationships including the commercial relationship. Monitor supplier performance against key performance indicators.
Engage with Stakeholders to clarify the scope of service, quality, volume, and requirements for contract implementations and renewals.
- Investigate and facilitate Quality, Service, and Product Performance (QSPP).
- Analyze data to identify improvements in vendor and spend coding.
- Utilize available e-Sourcing tools (e.g. Zycus) to the fullest capability, to improve the efficiency and effectiveness of the Purchasing process.

Requirements & Skills 7

Work independently with a high degree of organization.
Effective negotiator and ability to persuade others (internal and external clients) through effective communication skills.
Strong collaboration skills across StP colleagues, Suppliers, and Stakeholders.
Quickly learn and adapt to enhanced work processes.
Strong data analysis skills to effectively identify value opportunities.
Facilitate a network of focal points to manage expectations.
- Exhibition of strong work ethic and responsiveness to earn the respect of business partners.
- Bachelor’s Degree OR at or above a U.S. E6 ranking or Canadian Petty Officer 2nd Class (PO2/Sgt) Military ranking
- A minimum requirement for this US-based position is the ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.

Job summary 8

We are in search of a self-directed Sourcing Specialist to manage the procurement of headwear and accessories for our company.

Duties & Responsibilities 8

Collaborate with the sales team on product development
Work closely with factories to ensure product specs, quality, cost, and timelines meet the customer’s expectation
Negotiate pricing and lead time with factories
Update product specs and artwork accordingly for factories
- Process purchase orders from the sales team and communicate order details accurately with factories
- Coordinate with the logistics team to ensure products ship on time
- Willingness to learn about the products and factory capabilities. Must have a passion for the industry

Requirements & Skills 8

High School Degree or GED (Required)
Bachelor’s Degree (Preferred)
Ability to work well autonomously and within a team environment
Self-motivated with critical attention to detail, deadlines, and reporting
Ability to multi-task and deal with stress in the fast pace fashion industry
- Strong interpersonal and communication skills
- Excellent problem solving and organizational skills
- Proficient computer skills

Job summary 9

We are seeking a Sourcing Specialist to join our team. This position supports the procurement of materials and/or services for new construction projects. These projects may include but are not limited to the following: wind, solar, battery storage, transmission, and distributed generation. This position executes the sourcing process for assigned business areas and implements policies and programs directed toward providing contracted services and materials. Employees in this role develop and execute complex sourcing agreements containing unique terms and conditions.

Duties & Responsibilities 9

Requirements & Skills 9

High School Grad / GED
- Bachelor's or Equivalent Experience
- Experience: 3+ years
- Bachelor's Degree

Job summary 10

We are looking for a Sourcing Specialist.

Duties & Responsibilities 10

Requirements & Skills 10

Bachelor's Degree in a related field from a four-year college or university with 3 - 5 Years of Experience preferred
Sense of professionalism and ability to develop relationships.
Strong attention to detail.
Self-starter, sense of urgency, works well under pressure, ability to take initiative
Demonstrated ability to multi-task, prioritize, and meet timelines on deliverables.
- Proficient in Microsoft Office.
- expert knowledge of LinkedIn Recruiter and LinkedIn Talent Insights.
- Strong communication skills, both written and verbal.

Frequently asked questions

What does a sourcing specialist do?

A Sourcing Specialist is a professional responsible for identifying, evaluating, and selecting suppliers of goods and services for a company. The specific role of a Sourcing Specialist can vary depending on the industry, company, and job requirements, but generally, a Sourcing Specialist is responsible for the following tasks:

Researching Suppliers: A Sourcing Specialist is responsible for researching potential suppliers of goods and services, including identifying new suppliers and evaluating existing suppliers.

Negotiating Contracts: A Sourcing Specialist must be able to negotiate contracts with suppliers, including pricing, delivery terms, and other terms and conditions.

Evaluating Supplier Performance: A Sourcing Specialist must monitor and evaluate the performance of suppliers, including measuring delivery performance, quality, and customer service.

Managing Supplier Relationships: A Sourcing Specialist must manage relationships with suppliers, including communicating with suppliers, resolving disputes, and addressing issues that arise.

Developing Supplier Strategies: A Sourcing Specialist must develop supplier strategies that align with the company's overall goals and objectives, including sourcing strategies, supplier consolidation, and supplier risk management.

Maintaining Data and Records: A Sourcing Specialist must maintain data and records related to supplier performance, supplier contracts, and other supplier-related information.

Ensuring Compliance: A Sourcing Specialist must ensure that all supplier contracts and relationships are compliant with relevant regulations and company policies.

Collaborating with Other Departments: A Sourcing Specialist must collaborate with other departments, including operations, finance, and legal, to ensure that sourcing strategies and supplier relationships align with company goals and objectives.

Overall, a Sourcing Specialist plays a critical role in identifying, evaluating, and selecting suppliers of goods and services for a company. The role requires strong communication, negotiation, and project management skills, as well as the ability to work effectively with other departments and stakeholders.

What skills does a sourcing specialist need?

The skills required for a Sourcing Specialist can vary depending on the industry, company, and job requirements, but generally, the key skills for a Sourcing Specialist include:

Communication: A Sourcing Specialist must have excellent communication skills, both verbal and written, to communicate effectively with suppliers, other departments, and stakeholders.

Negotiation: A Sourcing Specialist must have strong negotiation skills to negotiate pricing, delivery terms, and other terms and conditions with suppliers.

Project Management: A Sourcing Specialist must have strong project management skills to manage multiple sourcing projects simultaneously, meet deadlines, and communicate effectively with other team members and stakeholders.

Analytical Skills: A Sourcing Specialist must have strong analytical skills, including the ability to analyze supplier performance data, financial data, and market trends.

Relationship Management: A Sourcing Specialist must have strong relationship management skills to manage supplier relationships, including communicating with suppliers, resolving disputes, and addressing issues that arise.

Strategic Thinking: A Sourcing Specialist must be able to think strategically and develop sourcing strategies that align with the company's overall goals and objectives.

Problem-Solving: A Sourcing Specialist must have strong problem-solving skills to identify and resolve issues related to supplier performance, contracts, and other supplier-related issues.

Attention to Detail: A Sourcing Specialist must have strong attention to detail to maintain accurate records of supplier performance, contracts, and other supplier-related information.

Compliance: A Sourcing Specialist must have a good understanding of relevant regulations and company policies related to sourcing and supplier relationships.

Teamwork: A Sourcing Specialist must be able to work effectively as part of a team, including collaborating with other departments and stakeholders.

Overall, a Sourcing Specialist must have a combination of communication, negotiation, project management, analytical, and relationship management skills, as well as the ability to work effectively with other teams and stakeholders.

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Frequently asked questions

What does a sourcing specialist do?

What skills does a sourcing specialist need?

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Sourcing Specialist Job Description

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Requirements & Skills 1

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Frequently asked questions

What does a sourcing specialist do?

What skills does a sourcing specialist need?

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