Job Description Summary

The Lead Sourcing Specialist is responsible for developing and executing sourcing strategies to ensure the organization secures high-quality goods and services at competitive costs. This role leads supplier management, contract negotiations, cost optimization initiatives, and cross-functional collaboration to support business objectives while ensuring compliance with procurement policies.

Job Description

Strategic Sourcing

• Develop and implement sourcing strategies across assigned categories.
• Identify opportunities for cost savings, supplier consolidation, and process improvements.
• Conduct market analysis and benchmarking to support sourcing decisions.
• Lead RFQ, RFP, and tender processes.

Supplier Management

• Identify, evaluate, qualify, and onboard suppliers.
• Build and maintain strong supplier relationships.
• Monitor supplier performance, quality, delivery, and service levels.
• Drive supplier development and continuous improvement initiatives.

Contract & Negotiation Management

• Lead commercial negotiations with suppliers.
• Review and negotiate pricing, terms, and service agreements.
• Ensure contracts align with business requirements and risk management standards.
• Support legal and compliance reviews where necessary.

Stakeholder Engagement

• Partner with internal stakeholders to understand sourcing requirements.
• Provide procurement guidance and market intelligence.
• Collaborate with finance, operations, engineering, and business teams to achieve procurement objectives.

Cost & Risk Management

• Drive cost reduction and value creation initiatives.
• Assess and mitigate supply chain risks.
• Develop contingency plans for critical suppliers and materials.
• Ensure compliance with procurement policies and regulatory requirements.

Reporting & Analytics

• Monitor sourcing KPIs and procurement metrics.
• Prepare management reports and sourcing recommendations.
• Utilize data analytics to support strategic decision-making.

Qualifications

• Bachelor's Degree in Supply Chain Management, Procurement, Business Administration, Engineering, or related field.
• Professional certifications such as CIPS, CPSM, Six Sigma or equivalent are an advantage.
• 8 – 12 years of sourcing, procurement, or supply chain experience.
• Experience leading sourcing projects and supplier negotiations.
• Strong analytical, commercial, and stakeholder management skills.

Preferred Skills

• Strategic sourcing and category management.
• Supplier relationship management.
• Contract negotiation and commercial acumen.
• Financial analysis and cost modeling.
• ERP systems experience (SAP, Oracle, Ariba, etc.).
• Advanced Excel and data analysis skills.
• Strong communication and leadership abilities.

Key Success Measures

• Cost savings achieved.
• Supplier performance and service levels.
• Contract compliance.
• Stakeholder satisfaction.
• Risk mitigation effectiveness.
• Procurement process efficiency.

Additional Information