Sourcing Specialist

Goodmorning com•Edmonton, AB

About The Position

As a GoodMorning Sourcing Specialist, you will be responsible for identifying, evaluating, and securing vendors to meet the company's procurement needs, with a primary focus on sourcing new products and a working knowledge of indirect spend categories such as services, facilities, logistics, marketing, IT, and retail-related spend. This role involves researching market trends, negotiating contracts, maintaining supplier relationships, and ensuring that the materials or services sourced align with the company's quality, cost, manufacturing, regulatory, marketing, and delivery requirements. GoodMorning Sourcing Specialists work closely with colleagues in cross-functional teams to ensure the timely and cost-effective acquisition of goods and services, with growing ownership for supplier performance, contract outcomes, and risk mitigation, while maximizing value. Strong analytical, negotiation, and communication skills are essential in this role, along with an unwavering commitment to honesty, integrity, and strong moral and ethical principles in all sourcing activities.

Requirements

A Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field is required.
At least 3 years of experience in procurement or sourcing, with a specific focus on sourcing new products.
Proven track record in developing and executing sourcing tactics that have led to the introduction of high-quality, consumer products.
Understanding of procurement and sourcing regulations, product quality standards applicable in North America, and awareness of the global regulatory landscape affecting sourcing activities.
Experience in drafting, negotiating, and managing vendor agreements, ensuring compliance with contractual obligations and performance metrics.
Unwavering commitment to honesty, integrity, and strong moral and ethical principles in all procurement activities.
Strong negotiation skills, with experience in negotiating with suppliers to secure beneficial terms and ensure product quality and compliance.
Strong communication and interpersonal skills, capable of effectively engaging with suppliers and collaborating internally with cross-functional teams.
Strong attention to detail in reviewing contracts and procurement documentation.
Organizational and project management skills, with the ability to manage multiple sourcing projects simultaneously.
Ability to exercise discretion in handling confidential negotiations and sensitive information.
Financial analysis skills, including cost modeling and total cost of ownership (TCO) analysis, to identify cost-saving opportunities.
Ability to conduct comprehensive evaluations of potential suppliers, considering quality, cost, reliability, and capacity, as well as sustainability and ethical practices.
Capability to identify, assess, and mitigate risks associated with sourcing activities, ensuring business continuity.
Proficiency in data analysis tools and techniques to support strategic decision-making.
A collaborative and innovative mindset, with a focus on continuous improvement and staying abreast of industry trends and best practices in sourcing.
Ability to evaluate and negotiate service-based and indirect or retail-related contracts, balancing commercial, operational, and risk considerations.
Ability to adapt to changing market conditions and organizational needs in the procurement process.
Skilled in using Google Workspace applications (e.g., Google Sheets, Google Docs, Google Slides) for collaboration, documentation, and reporting.

Nice To Haves

A Master's degree in a relevant area is advantageous.
Working knowledge of indirect spend categories (services, facilities, logistics, marketing, IT) is an asset.
Strong asset: experience or solid understanding of the retail market, including retail lease structures and rental contract negotiation for physical store locations.
Proficiency in procurement software platforms (e.g., SAP Ariba, Oracle Procurement Cloud, Coupa) to manage sourcing cycles efficiently.
Experience in leading or contributing to change management initiatives within sourcing or procurement to adopt new processes, technologies, or strategies.

Responsibilities

Collaborate with internal teams, such as Brand, Consumer Products, Finance, Operations, and Quality, to understand and meet sourcing needs.
Identify suppliers or service providers based on quality, cost, regulatory, and delivery performance.
Prepare and issue RFx documents, ensuring clarity in specifications and requirements.
Evaluate and select suppliers by conducting thorough due diligence, assessing reliability, production capabilities, and adherence to quality and ethical sourcing standards.
Negotiate pricing, terms, and contracts with suppliers to optimize value and minimize risk.
Support sourcing activities across indirect spend categories (e.g., services, facilities, logistics, marketing, IT) in alignment with operational, financial, and retail business needs.
Monitor and evaluate supplier performance against key performance indicators (KPIs) and contractual obligations, and maintain strong, long-term relationships to ensure consistent supply.
Conduct regular performance reviews with suppliers to discuss achievements, challenges, and areas for improvement.
Implement corrective actions as needed to address performance issues.
Assess potential risks in the supply chain and develop mitigation strategies to minimize disruptions.
Analyze the competitive landscape to make sure GoodMorning's products maintain a market advantage.
Conduct market research and stay informed on industry trends, pricing fluctuations, and new sourcing opportunities, to ensure GoodMorning continuously offers products that its customers love.
Develop, implement, and continuously improve sourcing strategies to achieve company goals and reduce costs.
Ensure compliance with company policies, ethical sourcing standards, and regulatory requirements.
Track and report on key sourcing metrics and supplier performance data to identify improvement areas.
Support sourcing and negotiation activities related to retail operations, including service providers and retail store-related contracts, as needed.