Strategic Procurement Specialist
1 week ago
Procurement and Sourcing Role
The Procurement and Sourcing Specialist plays a vital role in the procurement and sourcing activities of the organization. This position involves developing and executing strategic sourcing initiatives to optimize costs, enhance supplier relationships, and align with overall business objectives. A deep understanding of market trends, strong negotiation skills, and effective collaboration with cross-functional teams are key requirements for this role.
Key Responsibilities:- Develop and implement strategic commodity plans in alignment with organizational goals and objectives.
- Conduct market analysis to identify potential suppliers and assess market trends, ensuring a competitive edge in the industry.
- Maintain strong relationships with key suppliers for a reliable and efficient supply chain.
- Lead negotiations with suppliers for favorable terms and pricing, resulting in cost savings and improved profitability.
- Manage contracts to ensure legal and business compliance, minimizing risks and ensuring seamless operations.
- Ensure compliance with laws, regulations, and company policies, maintaining a high level of integrity and ethics.
- Bachelor's degree in Business, Supply Chain Management, or related field, with a strong foundation in procurement and sourcing principles.
- Relevant certifications such as CSCP or CPSM are highly valued, demonstrating expertise and commitment to the field.
- Proven experience in strategic sourcing, procurement, and supplier relationship management, with a track record of success and achievement.
- Strong negotiation skills and cost-saving capabilities, with the ability to drive results and improve profitability.
- Knowledge of industry trends and best practices in the supply chain, staying up-to-date with the latest developments and innovations.
- Experience with ERPs like Infor or Baan, with a strong understanding of procurement and sourcing software and systems.
- Experience in manufacturing settings, with a deep understanding of the complexities and challenges of the industry.
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