Sourcing Specialist

IDEX; Glen Burnie (MD); On-site; USD 67,000 - 101,000; Full time

Benefits offered by this job

Health benefits

401(k) retirement savings with company

PTO

Job summary

IDEX Corporation is seeking a motivated Sourcing Specialist to partner with commodity managers on multi-commodity sourcing initiatives. The role aims to reduce supply chain complexity and achieve year-over-year productivity gains while onboarding new suppliers and transitioning parts to strategic partners.

The ideal candidate will manage RFQ/RFPs, perform market analyses, and drive strategic supplier selection, negotiations, and contract finalization.

Qualifications

• Bachelor's degree or equivalent in Supply Chain Management or related field.
• 3+ years relevant supply chain/operations experience.
• Proficient with strategic sourcing methodologies, supplier negotiation, and contract management.
• Experience managing multiple sourcing projects to completion.
• Experience in manufacturing purchasing is preferred.

Responsibilities

• Plan, execute and manage multiple sourcing projects at one time, driving quality, delivery and cost savings.
• Manage RFQ/RFP process and supplier/part transition process.
• Lead the end-to-end supplier qualification process for new vendors.
• Develop and execute contingency plans for supplier disruptions.
• Act as liaison between supplier and internal teams to ensure issue resolution.

Skills

Project management

Analytical skills

Multi-tasking

Supplier collaboration

Education

Bachelor's degree in Supply Chain Management or related field

Tools

MS Office Suite

Excel

Project Management tools

Job description

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you.POSITION SUMMARYWe are seeking a motivated and detailed oriented Sourcing Specialist that will work with commodity managers to run sourcing activities for a multitude of commodities. The ideal candidate will develop and execute short and long-term sourcing initiatives that reduce supply chain complexity and achieve a minimum of 3% YOY material productivity. They will help identify, evaluate, suppliers to ensure the best value, quality, and service for our organization. Responsible for onboarding new suppliers and/or transitioning parts to more strategic suppliersESSENTIAL DUTIES AND RESPONSIBILITIESProject Management:Plan, execute and manage multiple sourcing projects at one time, determined by various commodity strategies driving quality, delivery and material cost savings’Track and report project progress, risk and performance metrics.Manage New Product Development projects from quote to production.Strategic Sourcing:Research potential suppliers, analyze market trends and spend data to identify sourcing project opportunities.Provide recommendations for supplier selection, develop negotiations strategies , stocking agreements and contract finalization.Manage RFQ/RFP process and supplier/part transition processLead the end-to-end supplier qualification process for new vendors, from request for quote to first purchase order which includes the supplier onboarding process.Utilize 80/20 mindset to establish and execute VA/VE projects to reduce part complexityManage 20’s suppliers and develop strategies for supply base reductionManage and develop strategic sourcing strategies for Indirect (non-production) suppliersCost and Risk Management:Work collaboratively with supplier to address and resolve performance issues to mitigate project riskDevelop and execute contingency plans for supplier disruptionsAct as liaison between supplier and internal teams, ensuring effective communication and issue resolution.Maintain and monitor “key” performance metricsPerform other functions as necessary to support the global sourcing department.QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functionsExcellent project management skills and Project Management tools and MS Office Suite.Proficiency in Microsoft Excel, with a demonstrated ability to work well with spreadsheetsExcellent reasoning and analytical skills, ability to anticipate and define complex problems, collect data, establish facts, distinguish trends, and draw valid conclusionsAbility to multi-task and manage several projects in different stages.Strong ability to interface effectively with suppliers and internal cross-functional counterparts while maintaining a customer satisfaction orientation.Excellent organizational and time management skills with strong attention to detail.Ability to work both independently and as part of a larger team.Education and Experience Requirements or Equivalencies:Bachelor’s degree or equivalent in Supply Chain Management or related field.Experience: 3+ years relevant supply chain/operations experience,Relevant certifications (e.g., CPSM, CSM, or equivalent) are an advantage.Proficient with strategic sourcing methodologies, supplier negotiation, and contract managementExperience managing multiple sourcing projects to completionExperience in manufacturing purchasing is preferred.PHYSICAL DEMANDS: The physical demands described here are represented of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing duties of the job, employee is required to move around and be still; use hands to handle objects, tools, or controls; reach with hands and arms; talk and hear.Employee will occasionally lift average of 30 lbs.Employee may occasionally be required to drive a forklift.Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.The intent of this job description is to provide a representative summary of the essential duties and responsibilities performed by incumbents of this job. Incumbents may be requested to perform job-related tasks other than those specifically presented.IDEX Corporation is an Equal Opportunity Employer committed to workforce diversityAttention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at [e-mail] OR call us at 847-498-7070- Job Opportunities.Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?Total RewardsThe compensation range for this position is $67,400.00 - $101,000.00, depending on experience. This position may be eligible for performance based bonus plan.Benefits PackageOur comprehensive U.S. benefit offerings include: Health benefits, 401(k) retirement savings program with company match, PTO, and more. More information on our benefits and rewards can be found on our career page: https://www.idexcorp.com/careers/our-benefits-and-rewards/IDEX is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws.Attention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at [e-mail] for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.This posting is for an existing vacancy.Artificial intelligence is not used to screen, assess or select applicants.