Strategic Sourcing Specialist
4 weeks ago
The Strategic Sourcing Engineer role is responsible for developing and implementing sourcing strategies to control product cost and lead times, while minimizing site inventory. A key area of focus is establishing beneficial supplier agreements through collaboration and negotiation with suppliers, leading contracts, and tracking performance metrics to ensure expected results and take appropriate action when necessary.
Key Responsibilities- Build and maintain a good relationship with key suppliers and lead regular metric-based supplier business reviews to ensure alignment with business goals.
- Develop Supplier Agreements and lead negotiations (T&Cs, pricing, etc.) for both direct and indirect items.
- Collaborate with Supplier Quality to align on required supplier qualification activities, including first articles and supplier audits for both new and existing suppliers.
- Drive data collection, metric development, and analysis to measure supply chain efficiency.
- Identify, in collaboration with relevant stakeholders, activities/projects that would drive supplier cost reduction and net material inflation improvement, improve supplier timely delivery, support supplier quality improvements, inventory turn improvements, and reduce supply chain risks.
- Ensure that all transactions under own responsibility are accurately screened and recorded in accordance with the company's Trade Compliance procedures and call out any concerns or questions to the local Gatekeeper.
- Collaborate with New Product Development teams to ensure that new parts introduced can be produced by suppliers at reasonable cost, risk, and lead time, and that end-of-life risks are minimized to the extent possible.
- Work closely with New Product Development teams to support in/own work related to supplier identification/selection with the goal to minimize sole and single source suppliers and reuse existing suppliers where possible.
- Take the lead in implementing agreed supplier-facing improvement activities/projects.
- Bachelor/Master's Degree in business, supply chain management, engineering, or related fields (Any combination equivalent to experience and education that could provide the required knowledge and abilities would be qualifying).
- Proven track record of - years in strategic sourcing and procurement roles, with a track record of successful cost optimization and supplier relationship management.
- Experience working with new product development projects and new product introductions.
- Strong analytical and negotiation skills.
- Proficient in using procurement software and tools.
- Willingness to travel regularly domestically and internationally (-%).
- Excellent communication and interpersonal skills. Proficiency in English language both verbally and in writing.
- Technical background or education would be preferred to assure an efficient collaboration with suppliers.
- Experience working with similar products, parts.
- Experience working in Oil&Gas industries would be nice to have.
- Proficient in interpreting manufacturing/machining drawings with a basic understanding of manufacturing/machining/measurement methods.
We understand the importance of work-life balance and are dedicated to supporting our employees' personal and professional needs. From competitive benefits plans and comprehensive medical care to equitable opportunities for growth and development, we strive to build a workplace that is encouraging and exciting.
Depending on location, our flexible work from home policy allows you to make the best of your time, by combining quiet home office days with collaborative experiences in the office so that you can personalize your work-life mix.
Moreover, our global volunteer employee resource groups will empower you to connect with peers that share the same interest, promote diversity and inclusion, and positively contribute to communities around.
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