Strategic Sourcing Lead

Job description

Description The Strategic Sourcing Specialist is responsible for developing and executing sourcing strategies that optimize cost, quality, service, and supply continuity. This role works cross-functionally with purchasing, engineering, operations, finance, and suppliers to identify opportunities, negotiate agreements, and build long-term supplier relationships that support business objectives. Requirements: Key Responsibilities: - Lead cross-functional groups to develop and implement strategic sourcing strategies for assigned categories of spend. - Identify, evaluate, and onboard suppliers through competitive sourcing processes (RFQ, RFP, RFI). - Lead new supplier negotiations including pricing, terms, service levels, and contractual agreements. - Analyze spend data and market trends to identify cost savings and value-creation opportunities. - Work with the purchasing team to understand supplier performance through scorecards, reviews, and continuous improvement initiatives. - Partner with internal stakeholders (purchasing, operations, engineering, finance, quality, etc.) to understand requirements and align sourcing strategies. - Mitigate supply chain risk by developing alternate...