Description: Our client is currently seeking a Strategic Sourcing Specialist III
Location: Remote
Type: Contract
Duration: 6+ Months
Job Description:
Responsibilities include supporting Strategic Sourcing initiative set forth by sourcing managers within the Procurement Function. Must have indirect sourcing experience.
Strategy/Sourcing: Create sourcing strategies for Professional Services category to reduce risk and meet targets for the internal customer, Business and Procurement Department.
Stakeholder Management: Develop and maintain key internal stakeholder relationships to create a collaborative planning environment. Communicate, manage, and drive compliance to category strategies among internal stakeholders. Provide solutions to a wide range of difficult problems.
Analysis: Responsible for advanced quantitative analysis to identify financial impacts of decisions and performance for category managed. Perform business process analysis and develop models to improve cost. Collaborate with stakeholders to define SLA's and KPI's for suppliers and measure the appropriate criteria, such as: delivery of business results, cost reduction, quality and timeliness of delivery. Conduct research, perform benchmarking, and gather market analysis for assigned categories.
Contract Negotiations: Utilize negotiations to maximize value and cost savings benefit while lowering risk.
Supplier Management: Establish preferred suppliers for assigned category. Identify service areas of need within and develop relationships with new suppliers to meet those service needs. Maintain supplier base as needed to allow for proper implementation of bidding procedures and RFPs. Create and implement related management programs to develop, continuously improve, manage the performance of, and monitor KPIs of the supply base.
Tactical Purchasing: Issue purchase orders and resolve blocked invoices related to assigned category. Performs assignments independently with instruction limited to results expected.
Project Management: Responsible for identifying and executing cost reduction projects including planning, coordinating with stakeholders, estimating completion, and project updates.
Efficiency: Develop and lead efforts to reduce number of transactions for assigned category.
Contract Management: Responsible for negotiating contract documents in collaboration with the Legal Department. Management of contracts ensuring performance of the supplier to contract obligations. Understand interrelationships between contracts and terms while applying creativity and sound business reasoning to interpret application of contract to business needs.