Sourcing Specialist

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

Job summary

IDEX Corporation is seeking a motivated Sourcing Specialist to partner with commodity managers on sourcing across multiple materials. You will develop short- and long-term initiatives to reduce supply chain complexity and achieve material productivity goals while onboarding new suppliers and transitioning parts to strategic partners.

The role emphasizes project management, strategic supplier evaluation, RFQ/RFP leadership, and data-driven decision making to secure the best value, quality, and

Qualifications

• Bachelor’s degree in supply chain or related field.
• 3+ years of supply chain/operations experience.
• Experience with strategic sourcing, supplier negotiation, and contract management.
• Certifications CPSM/CSM are a plus.

Responsibilities

• Plan, manage multiple sourcing projects across commodities.
• Research suppliers, analyze market trends and spend data.
• Lead RFQ/RFP processes and supplier onboarding.
• Develop and implement VA/VE projects to reduce part complexity.
• Maintain key performance metrics and risk plans.

Skills

Project management

Excel skills

Analytical thinking

Supplier collaboration

Multi-tasking

Communication

Education

Bachelor’s degree in Supply Chain Management or related field

Tools

MS Office Suite

Microsoft Excel

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 SUMMARY

We 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 suppliers.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Project 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 process Lead 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 complexity Manage 20’s suppliers and develop strategies for supply base reduction Manage and develop strategic sourcing strategies for Indirect (non-production) suppliers
• Cost and Risk Management: Work collaboratively with supplier to address and resolve performance issues to mitigate project risk Develop and execute contingency plans for supplier disruptions Act as liaison between supplier and internal teams, ensuring effective communication and issue resolution. Maintain and monitor “key” performance metrics Perform 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 functions.

• Excellent project management skills and Project Management tools and MS Office Suite.
• Proficiency in Microsoft Excel, with a demonstrated ability to work well with spreadsheets.
• Excellent reasoning and analytical skills, ability to anticipate and define complex problems, collect data, establish facts, distinguish trends, and draw valid conclusions.
• Ability 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 management.
• Experience managing multiple sourcing projects to completion.
• Experience 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 diversity.

Total Rewards

The 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 Package

Our 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.

Artificial intelligence is not used to screen, assess or select applicants.

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team.