The company serves as the strategic shared services provider for a diverse group of operating companies. With a portfolio of multiple parent companies and numerous subsidiaries, it specializes in key industries such as salt production, brine extraction, solution mining, pipeline operations, and underground hydrocarbon storage.
The company is seeking a Strategic Sourcing Specialist who will develop, lead, and implement sourcing strategies for operational spend categories. The successful candidate will analyze third-party spend to identify sourcing opportunities, evaluate market conditions, and negotiate agreements to support cost savings initiatives.
Strategic Sourcing Specialist Position Qualifications:
- Bachelor's degree in supply chain management, logistics, engineering, or business administration.
- 5-8 years of work experience specifically in the areas of strategic sourcing and category management supporting operations.
- Extensive knowledge of strategic sourcing and procurement processes and methodologies.
- Proven experience in developing strategic sourcing strategies for operational categories with an emphasis on the MRO and Maintenance Service Categories.
- Experience in preparing and reviewing contracts and negotiating terms.
- Proficiency in the formation and administration of contracts.
- Strong negotiation skills with a proven record of delivering value and results.
- Strong working knowledge in business analysis, market research, financial analysis, and should cost models.
- Strong written and verbal communication skills including the ability to produce clear and well-organized documents.
- Ability to multitask, manage time, and prioritize tasks.
- Proficient in Microsoft Office (Excel, Word & PowerPoint).
- Proficient in SAP.
Strategic Sourcing Specialist Function:
- Facilitate and lead sourcing initiatives for operational categories.
- Develop and implement sourcing strategies that will create procurement efficiency and cost savings opportunities.
- Facilitate quarterly business review meetings with strategic suppliers.
Strategic Sourcing Specialist Primary Responsibilities:
- Lead sourcing initiatives, including the development and execution of sourcing events; drive selection of suppliers in collaboration with cross-functional teams; conduct supplier negotiations and ongoing supplier management.
- Drive consolidation of spend and seek out synergies across business units by forming and leading cross-functional strategic sourcing teams to develop and implement sourcing strategies.
- Perform business analysis, evaluate market conditions, and negotiate agreements to support cost reduction initiatives.
- Coordinate information flow to all key internal business stakeholders and senior management regarding supplier performance.
- Build collaborative relationships with internal stakeholders as well as strategic relationships with suppliers.
- Develop negotiation strategies, gain alignment from internal stakeholders, lead cross-functional teams, and implement appropriate supplier risk analysis.
- Evaluate external markets for competitive sources of supply, conducting market research and using benchmarking data to qualify potential sources.
- Maintain contract repository for all Master Service Agreements, Consultancy Agreements, and other agreements for the company.
- Work with Legal to review and negotiate contract terms and conditions.
- Ensure efficient post-award administration of contracts, including contractual correspondence and amendments.
Strategic Sourcing Specialist Candidate Profile:
- Professional attitude and commitment.
- Team player with excellent communication skills.
- Strong strategic and negotiation skills.
- Thoughtful and collaborative.
- Sound judgment and decision-making ability.
- Highly organized and detail-oriented.
