Sourcing Specialist

IDEX Corporation•Linthicum, MD

1d•$67,400 - $101,000•Onsite

About The Position

We are seeking a motivated and detailed oriented Sourcing Specialist that will work with commodity managers to run sourcing activities for a multitude of commodities. The ideal candidate will develop and execute short and long-term sourcing initiatives that reduce supply chain complexity and achieve a minimum of 3% YOY material productivity. They will help identify, evaluate, suppliers to ensure the best value, quality, and service for our organization. Responsible for onboarding new suppliers and/or transitioning parts to more strategic suppliers.

Requirements

Excellent project management skills and Project Management tools and MS Office Suite.
Proficiency in Microsoft Excel, with a demonstrated ability to work well with spreadsheets
Excellent reasoning and analytical skills, ability to anticipate and define complex problems, collect data, establish facts, distinguish trends, and draw valid conclusions
Ability to multi-task and manage several projects in different stages.
Strong ability to interface effectively with suppliers and internal cross-functional counterparts while maintaining a customer satisfaction orientation.
Excellent organizational and time management skills with strong attention to detail.
Ability to work both independently and as part of a larger team.
Bachelor’s degree or equivalent in Supply Chain Management or related field.
3+ years relevant supply chain/operations experience
Proficient with strategic sourcing methodologies, supplier negotiation, and contract management
Experience managing multiple sourcing projects to completion

Nice To Haves

Relevant certifications (e.g., CPSM, CSM, or equivalent) are an advantage.
Experience in manufacturing purchasing is preferred.

Responsibilities

Plan, execute and manage multiple sourcing projects at one time, determined by various commodity strategies driving quality, delivery and material cost savings
Track and report project progress, risk and performance metrics.
Manage New Product Development projects from quote to production.
Research potential suppliers, analyze market trends and spend data to identify sourcing project opportunities.
Provide recommendations for supplier selection, develop negotiations strategies , stocking agreements and contract finalization.
Manage RFQ/RFP process and supplier/part transition process
Lead the end-to-end supplier qualification process for new vendors, from request for quote to first purchase order which includes the supplier onboarding process.
Utilize 80/20 mindset to establish and execute VA/VE projects to reduce part complexity
Manage 20’s suppliers and develop strategies for supply base reduction
Manage and develop strategic sourcing strategies for Indirect (non-production) suppliers
Work collaboratively with supplier to address and resolve performance issues to mitigate project risk
Develop and execute contingency plans for supplier disruptions
Act as liaison between supplier and internal teams, ensuring effective communication and issue resolution.
Maintain and monitor “key” performance metrics
Perform other functions as necessary to support the global sourcing department.