We are looking for a Sourcing Specialist. The Sourcing Specialist will be responsible for identifying and procuring goods and services that meet the companys requirements. This role involves conducting market research evaluating suppliers negotiating contracts and managing supplier relationships to ensure the best value for the company. The Sourcing Specialist will work closely with internal stakeholders to understand their needs and ensure that procurement activities align with the companys strategic goals.
DUTIES
Market Research:
- Conduct thorough market research to identify potential suppliers and assess market conditions.
- Analyze market trends and conditions to understand the impact on supply and demand.
Supplier Evaluation:
- Evaluate and select suppliers based on quality cost and reliability.
- Conduct supplier audits and assessments to ensure compliance with company standards.
Contract Negotiation:
- Negotiate contracts and agreements with suppliers to secure the best terms and conditions.
- Ensure that all contracts comply with legal and regulatory requirements.
Procurement Process Management:
- Manage the endtoend procurement process from requisition to purchase order.
- Ensure timely and accurate processing of purchase orders and delivery of goods and services.
Supplier Relationship Management:
Cost Management:
- Identify costsaving opportunities and implement initiatives to reduce procurement costs.
- Analyze spend data to identify areas for improvement and optimization.
Stakeholder Collaboration:
- Work closely with internal stakeholders to understand their procurement needs and requirements.
- Provide guidance and support to stakeholders on procurement best practices.
- Facilitate crossfunctional collaboration to drive procurement initiatives.
Compliance and Risk Management:
- Ensure compliance with company policies procedures and regulatory requirements.
- Identify and mitigate risks associated with procurement activities.
- Maintain accurate records and documentation for audit purposes.
Continuous Improvement:
Requirements
- Bachelors degree in Supply Chain Management Business Administration or a related field.
- Minimum of 3 years of experience in procurement or sourcing.
Required Experience:
Unclear Seniority