Lead Sourcing Specialist
Job Summary
Strategic Sourcing
- Develop and implement sourcing strategies across assigned categories.
- Identify opportunities for cost savings supplier consolidation and process improvements.
- Conduct market analysis and benchmarking to support sourcing decisions.
- Lead RFQ RFP and tender processes.
Supplier Management
- Identify evaluate qualify and onboard suppliers.
- Build and maintain strong supplier relationships.
- Monitor supplier performance quality delivery and service levels.
- Drive supplier development and continuous improvement initiatives.
Contract & Negotiation Management
- Lead commercial negotiations with suppliers.
- Review and negotiate pricing terms and service agreements.
- Ensure contracts align with business requirements and risk management standards.
- Support legal and compliance reviews where necessary.
Stakeholder Engagement
- Partner with internal stakeholders to understand sourcing requirements.
- Provide procurement guidance and market intelligence.
- Collaborate with finance operations engineering and business teams to achieve procurement objectives.
Cost & Risk Management
- Drive cost reduction and value creation initiatives.
- Assess and mitigate supply chain risks.
- Develop contingency plans for critical suppliers and materials.
- Ensure compliance with procurement policies and regulatory requirements.
Reporting & Analytics
- Monitor sourcing KPIs and procurement metrics.
- Prepare management reports and sourcing recommendations.
- Utilize data analytics to support strategic decision-making.
Qualifications
- Bachelors Degree in Supply Chain Management Procurement Business Administration Engineering or related field.
- Professional certifications such as CIPS CPSM Six Sigma or equivalent are an advantage.
- 8 12 years of sourcing procurement or supply chain experience.
- Experience leading sourcing projects and supplier negotiations.
- Strong analytical commercial and stakeholder management skills.
Preferred Skills
- Strategic sourcing and category management.
- Supplier relationship management.
- Contract negotiation and commercial acumen.
- Financial analysis and cost modeling.
- ERP systems experience (SAP Oracle Ariba etc.).
- Advanced Excel and data analysis skills.
- Strong communication and leadership abilities.
Key Success Measures
- Cost savings achieved.
- Supplier performance and service levels.
- Contract compliance.
- Stakeholder satisfaction.
- Risk mitigation effectiveness.
- Procurement process efficiency.
Relocation Assistance Provided: No
Required Experience:
IC
About Company
GE Vernova's Asset Performance Management software can help you increase asset reliability, minimize costs and reduce operational risks. View a demo today.