Strategic Sourcing Specialist

Responsibilities:

• Managed end-to-end sourcing cycle, understand business needs, perform vendor research to identify potential participants to get the contract signed
• Develop and publish RFP in Ariba
• Conduct market research and analysis to identify potential suppliers, evaluate their capabilities, and gather market intelligence to support decision-making
• Lead supplier selection and qualification processes, including issuing RFIs, RFPs, and conducting supplier evaluations and negotiations
• Collaborate with internal stakeholders to understand their requirements and ensure the sourcing strategy meets their needs
• Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements that optimize value while mitigating risks
• Provide administrative support to sourcing teams by preparing project plans, setting up meetings, documenting business requirements,
• Manage project plan for all assigned sourcing requests from requirement gathering to contracting
• Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements (MSA/SOW) that optimize value while mitigating risks
• Liaise with legal, business and supplier to finalize contracts
• Collaborate with cross-functional teams to manage supplier relationships and address any issues or disputes that may arise
• Document and analyze supplier responses to ensure they contains valid and detailed information
• Co-ordination with various stakeholders (business, procurement, suppliers) for setting up meetings, presentations and other sessions
• Liaising with business stakeholders, procurement team and suppliers to ensure timely and successful completion of tasks and activities (related to RFx events, NDA management and contracting)
• Maintaining project plans/ tracker for all requests and sourcing events, including timely reporting to all stakeholders
• Tracking & reporting key operational metrics for in-scope activities

Qualifications:

• Bachelors Degree
• 7-12 Years experience
• Proven experience as a Sourcing Specialist, Procurement Specialist, or similar role
• Strong knowledge of strategic sourcing methodologies, procurement best practices, and supplier management
• Must possess excellent verbal and written communication skills
• Good project management/ business analysis/ process analysis skills
• Working knowledge of SAP Ariba, primarily in Sourcing and Contract workspace
• Strong organizational skills with attention to detail and ability to manage multiple priorities
• Professional certifications such as Certified Professional in Supply Management (CPSM) or Project Management Professional (PMP)® Certification will be a plus

Business hours: US 9-5 EST hours