About The Position
The Strategic Sourcing Specialist is responsible for meeting or exceeding goals related to the development of various merchandise solutions, including food service, beverages and specific commodities and their related procurement. Identifies vendors, executes sourcing events, negotiates pricing and contract terms.
Requirements
- Ability to work well individually as well as in a team environment
- Excellent oral and written communication skills
- Excellent customer service skills
- Ability to work with little or no supervision
- Detail oriented and excellent organizational skills
- Excellent analytical, influencing and problem solving skills
- Ability to handle multiple projects simultaneously and independently
- Excellent interpersonal skills
- Self motivated, proven self starter with demonstrated ability to make decisions
- Excellent leadership skills
- Excellent negotiation skills
- Bachelor’s degree in Business, Finance or related field preferred
- Minimum of 5 years of progressive procurement experience
- Proficiency in sourcing methods and tools
- Prior experience in managing commodities
- Technical knowledge related to soft commodities, electricity, resin, logistics and general manufacturing
- Highly skilled in Microsoft Office suite applications
Responsibilities
- Execute comprehensive category plans by key commodities including calendar of sourcing events, competitive analysis, alternative vendors, industry trends and opportunities, innovation and vendor metrics.
- Lead foodservice contract negotiations including the development of negotiation strategies and lead top supplier and RFP processes to manage operating costs, maintain/improve quality and drive business benefits.
- Determine appropriate vendor strategy and highlight tradeoffs between having multiple or single vendors for a product.
- Lead the continuous improvement of sourcing processes including benchmarking and advanced negotiation strategies and techniques.
- Develop and maintain a network of industry contacts to ensure we are optimizing our vendor relationships and perform onsite vendor visits as needed.
- Identify business aggregation opportunities where appropriate.
- Plan, organize and execute procurement program for merchandise and commodity procurement in support of corporate cost effectiveness initiative.
- Ensure that maximum value is obtained on all materials and services purchased.
- Optimize costing models to best position the Company to proactively manage components directly tied to market-based commodities.
- Utilize commodity buy plans and financial derivatives to manage market-traded commodities where applicable.
- Perform financial analysis to quantify cost benefit trade-offs.
- Collaborate with Internal Audit to manage the program and validate results versus reported benefits.
- Coordinate with functional managers, Legal, Quality Assurance, Finance, Risk Management and various outside sources to maintain procurement best practices.
- Establish a clear channel of communication to ensure procurement needs of functional managers are met.
- Establish contractual agreements between the company and external sources of supply.
- Negotiate to obtain agreement on pricing, delivery, cash and other terms.
- Conduct analysis to determine the best supplier or service provider for the defined scope of work.
Benefits
- Employee Stock Ownership Plan (ESOP)
- Tuition Reimbursement
- 401(k) Plan
- Medical/Dental/Prescription Coverage
- Flexible Spending Accounts (Health Care & Dependent Care)
- Employee Assistance & Wellness Programs
- Employee Credit Union
- Paid Time Off
- Employee Resource Groups
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
