Sourcing Specialist II

Cynet Systems•Columbus, OH

About The Position

The Sourcing Specialist II independently carries out sourcing activities while considering their impact on the end-to-end supply chain. The role executes sourcing tactics in accordance with category and commodity strategies, participates in strategy formulation, analyzes complex sourcing and purchasing initiatives, and recommends improvement opportunities to senior purchasing and sourcing leadership. It supports purchasing and sourcing management through price benchmarking, vendor management, industry and market analysis, process analysis, and model building. The position may lead sourcing analysts and specialists, lead analysis initiatives, and negotiate select contracts. It also develops effective supplier relationships and remains alert to compliance risks. The position demonstrates project management skills in driving procurement projects. It maintains accurate project records, tracks deadlines and milestones, coordinates project readiness and reviews, and follows up with Procurement, Finance, Engineering, project owners, and the project management office to close approvals and address delays. It supports cost-saving business cases by maintaining tariff-saving templates and verifying assumptions, and prepares management updates on completed projects, savings, status, and future cost-saving opportunities.

Requirements

College, university, or equivalent degree in supply chain management or a related subject.
Project management skills.
Procurement knowledge.
Collaboration and stakeholder experience.
Ability to anticipate and balance the needs of multiple stakeholders.
Business insight, applying knowledge of business and the marketplace to advance organizational goals.
Negotiation skills and use of tools and methods to achieve stakeholder objectives and mutually agreed contract terms.
Ability to apply Source to Pay principles across sourcing decisions, order placement, material or service acquisition, and supplier payment.
Ability to use purchasing systems to support Request For Quote processes and compare suppliers using Total Cost of Ownership and category strategy.
Ability to manage supplier capacity planning, negotiate capacity requirements, assess supplier capability, and understand links between capacity and product quality.
Ability to develop supplier contracts that address commercial and legal requirements, build stakeholder consensus, and obtain legal approval.
Ability to manage supplier contracts, enforce terms and conditions, monitor performance indicators, and manage delivery to requirements.
Ability to manage supplier tooling strategy and owned tooling procedures to support Total Value Performance, accurate piece price, and continuity of supply.
Ability to apply sourcing strategies in new product development and product life cycle management.

Responsibilities

Conduct complex analysis of markets, supply chains, and the supply base, applying findings to purchasing process improvement initiatives.
Identify qualified suppliers and execute sound source selection processes.
Interface regularly with suppliers in the area of responsibility and maintain supplier relationships.
Carry out sourcing activities with consideration for impacts on the end-to-end supply chain.
Execute sourcing tactics of varying complexity in accordance with established category and commodity strategies for cost, quality, and delivery.
Participate in sourcing and commodity strategy formulation.
Analyze complex sourcing and purchasing initiatives and processes to support cost-effective, high-quality goods and services.
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 price benchmarking, vendor management, industry and market analysis, process analysis, and model building.
May lead teams of sourcing analysts and specialists at the business unit or international purchasing organization regional level.
Lead analysis projects or initiatives and coach less experienced analysts and specialists.
Negotiate select contracts.
Develop and maintain effective supplier relationships that benefit both parties.
Maintain accurate procurement project records, including part numbers, savings information, project owners, and approval references.
Track deadlines and milestones, follow up on delayed projects, and help bring them back on schedule.
Coordinate project readiness by tracking engineering resource assignments, required reviews, and open questions.
Follow up with Procurement, Finance, Engineering, project owners, and the project management office to close pending approvals.
Maintain tariff-saving templates and verify assumptions for cost-saving business cases.
Prepare management updates summarizing completed projects, savings, project status, and future cost-saving opportunities.
Understand key purchasing principles for assuring supply and remain alert to compliance risks.