Strategic Sourcing Specialist

Toyota Industries Corporation•Noblesville, IN

6d•Onsite

About The Position

The Strategic Sourcing Specialist will play a key role in the supply chain management process and will be responsible for optimizing savings and procedures by negotiating contracts, purchase agreements, and developing policies across all manufacturing locations. This role involves creating a strategic sourcing plan to mitigate risks and solve issues caused by supply chain disruptions, establishing cost-saving initiatives, and identifying dual sourcing opportunities for current and upcoming projects. The specialist will collaborate with sister companies and Bastian manufacturing locations to leverage combined volume for cost savings and work towards a unified procurement approach across all locations. Additionally, the role focuses on developing and establishing procurement policies to standardize processes and enhance vendor accountability.

Requirements

Experience working in procurement function. Prefer to be in custom, engineered products procurement and project execution procurement vs standard materials / manufacturing process
Strong understanding of procurement and negotiation techniques
Excellent verbal and written communication skills
Strong analytical, negotiation and conflict resolution skills
Able to travel to meet with suppliers as required
Impeccable time- management, attention to detail, and policy compliance skills
Strategic mindset – ability to analyze to drive competitive advantage to Bastian Solutions through procurement
Relationship Building / Partnership Development – both internally and externally
Financial acumen – ability to understand profitability drivers through procurement activities
Must be eligible to work in the USA long term without sponsorship.
Employees must follow all information security policies, protect confidential data, complete required training, and report any suspected security incidents to support our information security controls.

Nice To Haves

Procurement / Supply Chain Management Certifications desired (Examples: CPP, CPPM, CIPP, CIAPP, CPSM, MCIPS)

Responsibilities

Executing and managing competitive business-wide contracts and supplier relationships using combined volume across all business units to obtain better pricing and terms.
Research current purchased parts and find alternatives that are more readily available and cost effective.
Initiate a One Bastian approach in Procurement by setting up policies and procedures that are used at each location. Reestablish accounts with vendors so that we are purchasing through one corporate account.
Work with sister companies to combine similar products volume and work on contracts with key suppliers.
Analyze, collect and summarize data across the organization in order to support the decision-making process on the overall future procurement strategy.
Establish new policies and procedures for the procurement team.
Act as a point of contact between the company and suppliers, maintaining relationships, while continually scouting for additional vendors to support company future growth.
Work closely with the finance & legal department to ensure contract terms are favorable.
Build sound, cost-effective strategies for the purchasing of materials used in the business.
Conduct Quarterly Business Reviews with key suppliers to improve and enhance the quality of products purchased and the timeliness of deliveries to meet demand.
Create Vendor Scorecard templates and implement them to the teams and quality.
Help define risk management procedures to mitigate losses in the event of product shortages (Disaster Recovery and Business Continuity Plan).
Liaises with key company employees to determine their product and service needs.
Implement safety stock and forecasting algorithms within D365.
Support establishment of corporate processes supporting standardization of controlled processes pertaining to procurement to meet JSOX expectations.
Negotiate agreements, contracts, terms and deadlines with vendors, including both tactical (lowest price) and strategic (value vs cost), to support overall company goals and initiatives.
Support the enhancement and improvement of current new vendor qualification process.
Work with IT to establish new reports and processes to enhance procurement functions.
Help support cost savings initiatives with up-and-coming projects/current projects.