Sourcing and Costing Specialist

Foresight Technologies Inc•Tempe, AZ

13h•Hybrid

About The Position

The Sourcing and Costing Specialist is responsible for identifying and evaluating suppliers, obtaining competitive pricing, analyzing costs, and supporting procurement activities to ensure materials and services are sourced efficiently and cost-effectively. This role works closely with Engineering, Production, Quality, and Operations teams to support new and existing projects while maintaining supplier relationships and ensuring timely delivery of materials.

Requirements

3+ years of sourcing, procurement, purchasing, or cost analysis experience in a manufacturing environment.
Strong understanding of supplier management and cost analysis.
Proficient in Microsoft Excel and ERP/MRP systems.
Excellent negotiation, analytical, and communication skills.
Strong attention to detail and organizational abilities.

Nice To Haves

Associate's or Bachelor's degree in Supply Chain Management, Business, Manufacturing, or a related field preferred.
Experience reviewing technical drawings, bills of materials (BOMs), and manufacturing processes is preferred.

Responsibilities

Source materials, components, and services from qualified suppliers.
Request and evaluate supplier quotations for cost, quality, and lead time.
Prepare and maintain cost estimates and pricing analyses for products and projects.
Negotiate pricing, terms, and delivery schedules with suppliers.
Develop and maintain strong supplier relationships.
Analyze market trends, material costs, and supply chain risks.
Support new product introductions by sourcing materials and obtaining quotes.
Collaborate with Engineering and Production teams to identify cost-saving opportunities.
Maintain accurate supplier, pricing, and sourcing records.
Assist with supplier qualification and performance evaluations.
Monitor supplier performance regarding quality, delivery, and responsiveness.
Ensure compliance with company policies and procurement procedures.
Support continuous improvement initiatives related to sourcing and cost reduction.