Sourcing Specialist I

Bot Verification•Columbus, IN

About The Position

The Sourcing Analyst follows purchasing procedures and processes to support the sourcing manager with assigned sourcing activities. The role focuses on change management and analytics, with limited supplier interactions, and benefits from a basic understanding of procurement. The analyst examines markets, supply chains, and the supply base, and applies findings to purchasing-process improvement initiatives. The role also maintains supplier relationships within its area of responsibility and uses key purchasing principles to help assure supply.

Requirements

Associate, college, university, or equivalent degree in supply chain management or a related subject.
Excel experience, including basic formulas and features.
Basic understanding of the procurement process is beneficial.
Ability to apply Source to Pay principles to sourcing decisions, order placement, acquisition of materials or services, and timely supplier payment.
Ability to balance the needs of multiple stakeholders and apply business and marketplace insight.
Ability to use purchasing systems for Request For Quote processes and Total Cost of Ownership supplier comparisons.
Knowledge of supplier contract development, commercial and legal requirements, and negotiation processes.
Knowledge of supplier tooling management, including tooling strategy, Letters of Intent, bailment agreements, and tooling inventory.

Nice To Haves

Basic understanding of the procurement process.

Responsibilities

Support the sourcing manager with assigned sourcing activities.
Carry out sourcing activities independently while considering their impact on the end-to-end supply chain.
Execute sourcing tactics of varying complexity in line with established category or commodity strategies and cost, quality, and delivery objectives.
Prepare and present recommendations for improvement opportunities and alternative courses of action to senior purchasing and sourcing leadership.
Ensure consistent application of sourcing procedures and processes.
Support purchasing and sourcing management with price benchmarking, vendor management, industry and market analysis, process analysis, and model building.
Lead analysis projects and initiatives, providing coaching to less experienced analysts and specialists.
Recognize the importance of compliance and identify situations that may pose risk.
Use purchasing systems to support Request For Quote processes and supplier Total Cost of Ownership comparisons.
Develop supplier contracts and support consensus-building, legal approval, and negotiations.
Manage supplier tooling strategy, including tooling ownership records, inventory, and continuity-of-supply arrangements.