OVERVIEW

The Sourcing Specialist is responsible for identifying and acquiring goods and services that align with the company's needs. This role entails performing market research, assessing suppliers, negotiating contracts, and managing supplier relations to secure the best value for the company. The Sourcing Specialist collaborates with internal teams to understand their requirements and ensure procurement efforts align with the company's strategic objectives.

RESPONSIBILITIES:

Market Research:

• Conduct comprehensive market research to identify potential suppliers and evaluate market conditions.
• Analyse market trends and conditions to understand supply and demand dynamics.

Supplier Evaluation:

• Assess and select suppliers based on factors such as quality, cost, and reliability.
• Perform supplier audits and assessments to verify compliance with company standards.

Contract Negotiation:

• Negotiate contracts and agreements with suppliers to secure optimal terms.
• Ensure all contracts adhere to legal and regulatory standards.

Procurement Process Management:

• Oversee the procurement process from requisition to purchase order.
• Ensure timely and accurate processing of purchase orders and delivery of goods and services.

Supplier Relationship Management:

• Establish and nurture strong relationships with key suppliers.
• Monitor supplier performance and resolve any issues or concerns.
• Develop strategies to enhance supplier collaboration and performance.

Cost Management:

• Identify opportunities to reduce procurement costs and implement cost-saving initiatives.
• Analyse spending data to pinpoint areas for improvement and optimization.

Stakeholder Collaboration:

• Collaborate closely with internal stakeholders to understand their procurement needs and specifications.
• Offer guidance and support to stakeholders on procurement best practices.
• Facilitate cross-functional teamwork to drive procurement initiatives.

Compliance and Risk Management:

• Ensure adherence to company policies, procedures, and regulatory requirements.
• Identify and address risks related to procurement activities.
• Maintain accurate records and documentation for audit purposes.

Continuous Improvement:

• Stay current with industry trends and procurement best practices.
• Implement process improvements to increase efficiency and effectiveness.
• Participate in special projects and initiatives as needed.

REQUIREMENTS:

• Bachelor's degree in Supply Chain Management, Business Administration, or a related field.
• Minimum of 3 years of experience in procurement or sourcing.

SKILLS:

• Strong negotiation and contract management capabilities.
• Excellent analytical and problem-solving skills.
• Proficiency with procurement software and tools.
• Strong communication and interpersonal skills.
• Ability to work independently and in a team setting.
• Knowledge of relevant regulations and compliance standards.