Key roles and responsibilities include developing sourcing and cost management strategies to support capital and construction projects.
Establishing and maintaining key internal stakeholder relationships is essential for creating strategic sourcing models that optimize value and products.
A Sourcing Specialist must design and execute sourcing strategies to reduce risk and meet targets for payment terms, cash targets, on-time delivery, and cost savings.
Negotiating and managing capital and construction contracts from request for proposal through completion is a critical component of this role.
The individual in this position will ensure supplier performance and understanding of interrelationships between contracts and terms.
Project control tasks such as budgeting and scheduling are also integral to the success of this position.
A Sourcing Specialist identifies and executes cost reduction projects and creates and implements related management programs to develop and monitor key performance indicators of the supply base.
Advanced quantitative analysis is used to identify financial impacts of decisions and performance.
Market analysis for assigned categories is researched and gathered.