Sourcing Specialist - St. Louis, MO

Hubbell Incorporated•Maryland Heights, MO

About The Position

Our Sourcing Specialists play a crucial role in the supply chain management process, focusing on identifying, evaluating, and selecting suppliers and materials needed for manufacturing or production. They ensure that the components or raw materials meet the company's quality, cost, and delivery requirements while fostering strong relationships with suppliers. #LI-CH1A Day In The LifeSupplier Identification and Evaluation: Research and identify potential suppliers globally and locally based on technical requirements and company needs. Evaluate suppliers' capabilities, capacities, and financial stability to ensure they can meet the company's quality and delivery standards. Conduct supplier audits and assessments to verify compliance with industry standards and company policies. Supplier Relationship Management: Build and maintain strong relationships with key suppliers to ensure long-term partnerships. Negotiate contracts, terms, and pricing agreements with suppliers to secure the best possible terms for the company. Manage supplier performance through regular reviews and assessments, addressing any issues related to quality, delivery, or service. Cost Management: Work closely with the procurement team to identify cost-saving opportunities while maintaining quality standards. Analyze cost structures and market trends to achieve competitive pricing from suppliers. Implement value engineering and cost reduction initiatives without compromising product quality or performance. Technical Collaboration: Collaborate with engineering and production teams to understand technical specifications and ensure that suppliers can meet these requirements. Provide technical support and guidance to suppliers to improve their processes and product offerings. Participate in design reviews and provide input on material selection and sourcing strategies. Risk Management: Identify potential risks in the supply chain, such as single-source dependencies, and develop strategies to mitigate these risks. Ensure a diversified and resilient supplier base to avoid supply disruptions. Compliance and Quality Assurance: Ensure that all sourced materials and components comply with industry standards, regulatory requirements, and company policies. Work with the quality assurance team to resolve any issues related to supplier quality or non-conformance. Maintain accurate and up-to-date records of supplier certifications, audits, and performance metrics. Continuous Improvement: Drive continuous improvement initiatives within the supply chain, focusing on efficiency, cost reduction, and quality enhancement. Stay updated on industry trends, new technologies, and best practices in sourcing and procurement. Lead or participate in cross-functional teams to implement new sourcing strategies and projects.

Requirements

BS degree in Supply Chain Management, Engineering, or technical field
3+ years of experience in a materials role involving sourcing activities for a manufacturing operation
Strong ERP systems experience
Ability to read and interpret engineering prints and drawings
Solid understanding of manufacturing processes and materials
Familiarity with Quality systems, processes, and requirements
Demonstrated negotiation experience
Strong analytical and interpersonal skills

Nice To Haves

SAP
Understanding of or experience working with interpersonal logistics
Understanding of commodity markets
PMP or other project management certification

Responsibilities

Research and identify potential suppliers globally and locally based on technical requirements and company needs.
Evaluate suppliers' capabilities, capacities, and financial stability to ensure they can meet the company's quality and delivery standards.
Conduct supplier audits and assessments to verify compliance with industry standards and company policies.
Build and maintain strong relationships with key suppliers to ensure long-term partnerships.
Negotiate contracts, terms, and pricing agreements with suppliers to secure the best possible terms for the company.
Manage supplier performance through regular reviews and assessments, addressing any issues related to quality, delivery, or service.
Work closely with the procurement team to identify cost-saving opportunities while maintaining quality standards.
Analyze cost structures and market trends to achieve competitive pricing from suppliers.
Implement value engineering and cost reduction initiatives without compromising product quality or performance.
Collaborate with engineering and production teams to understand technical specifications and ensure that suppliers can meet these requirements.
Provide technical support and guidance to suppliers to improve their processes and product offerings.
Participate in design reviews and provide input on material selection and sourcing strategies.
Identify potential risks in the supply chain, such as single-source dependencies, and develop strategies to mitigate these risks.
Ensure a diversified and resilient supplier base to avoid supply disruptions.
Ensure that all sourced materials and components comply with industry standards, regulatory requirements, and company policies.
Work with the quality assurance team to resolve any issues related to supplier quality or non-conformance.
Maintain accurate and up-to-date records of supplier certifications, audits, and performance metrics.
Drive continuous improvement initiatives within the supply chain, focusing on efficiency, cost reduction, and quality enhancement.
Stay updated on industry trends, new technologies, and best practices in sourcing and procurement.
Lead or participate in cross-functional teams to implement new sourcing strategies and projects.