Sourcing Specialist

Key Responsibilities:

• Conduct market research to identify potential suppliers, vendors, and partners.
• Evaluate and source products/services based on business requirements and specifications.
• Negotiate terms and pricing with suppliers, ensuring competitive and favorable conditions.
• Develop and maintain strong relationships with suppliers to ensure the continuity of supply and service.
• Assess supplier performance, resolve issues, and implement improvement strategies.
• Manage supplier contracts and agreements, ensuring compliance with organizational standards.
• Collaborate with internal stakeholders (procurement, logistics, production) to understand supply needs.
• Monitor industry trends to identify new sourcing opportunities and cost-saving initiatives.
• Review bids and proposals, ensuring they meet organizational standards and requirements.
• Maintain accurate records of sourcing activities, contracts, and supplier communications.
• Support the organization in achieving its sourcing objectives, including cost reduction and quality improvement.