Sourcing Specialist

Description:

• Controls the sourcing and negotiates contracts with suppliers for $15 - 18 million per year in assigned commodities.
• Shares responsibility for $3 - 5 million per month in inventory of assigned commodities.
• May directly supervise purchasing department clerical or support personnel.
• Identifies viable suppliers for assigned commodities.
• Develops new or alternate suppliers for new and current parts and materials.
• Determines supplier qualifications.
• Optimizes the match up of supplier abilities and capacities with [Company] delivery, quality, and cost requirements.
• Negotiates contracts and agreements with suppliers. This includes all pricing issues. Inventory implications to be a major consideration in all negotiations.
• Participate in supplier related cost reduction or quality improvement programs.
• Responsible for quote file and cost system maintenance, including preferred supplier selection.
• Make field trips to suppliers as required to maintain optimum relationships in respect to product or communication issues.
• Maintain tooling and fixture records for those items placed with suppliers.
• Coordinate or monitor sourcing activities for new product introductions.
• Analyze new part number setups for similarity to existing part numbers and potential rework of current inventory to reduce obsolescence costs.
• Maintain an interface with engineering to better coordinate supplier selection in support of new product releases.
• All duties and responsibilities of the position are to be approached with the goal of realizing continuous direct and indirect cost and inventory reductions.

Qualifications:

• Bachelor’s Degree in Business Administration, Industrial Management, or Engineering, plus 3 - 5 years’ experience in Purchasing or Materials Management or 7 - 9 years of related industrial experience.
• Ability to be an effective negotiator.
• Basic understanding of the technology involved in the production or processing of assigned commodities.
• Knowledge of material planning systems, bills of material, and other computer based purchasing and inventory management systems.
• Knowledge of basic cost accounting principals and an understanding of value engineering and applications to cost reduction programs.
• Ability to communicate effectively, both written and verbal.
• Understanding of current market conditions and business climate as related to assigned commodities.