Sourcing Specialist

Responsibilities:

• Evaluating sourcing procedures and presenting improvement strategies to senior management for approval.
• Analyzing and calculating procurement costs and developing cost reduction strategies.
• Driving purchasing decisions based on cost and scenario analysis, as well as market trends.
• Negotiating contracts with key suppliers, including costs and terms of supply, service, and quality.
• Collaborating with the procurement department to identify and pursue new supplier opportunities.
• Conducting market research, as well as creating cost estimates and forecasts.
• Hiring, training, and managing procurement department employees.
• Estimating risks and applying risk minimizing techniques, as well as negotiating contracts that comply with industry regulations.
• Maintaining strategic sourcing relationships and developing strong partnerships.