Sourcing Specialist

Group O, Inc.; Northern (KY); Hybrid; USD 28,000 - 32,000; Full time

Benefits offered by this job

Medical, Dental, Vision, and Life Ins.

Flexible Spending Accounts

401(k) Plan with Company Match

Generous Paid Time Off

10.5 Paid Holidays

Career Development Opportunities

Job summary

Group O, Inc. is seeking a Sourcing Specialist to identify, evaluate, and negotiate with suppliers to secure favorable terms and ensure quality, cost-effectiveness, and timely delivery for essentials. The role focuses on building strong supplier relationships and aligning sourcing with organizational goals.

The candidate should have procurement experience, strong negotiation and analytical skills, and a commitment to continuous improvement within the procurement team.

Qualifications

• Experience in sourcing, procurement, or supply chain management.
• Meticulous review of contracts and supplier evaluations.
• Ability to build and maintain strong supplier relationships.
• Develop and implement effective sourcing strategies.
• Ethical sourcing and regulatory compliance.
• Strong communication skills (verbal and written).
• Proficient in Microsoft Office; ERP experience preferred.

Responsibilities

• Identify potential suppliers through market research and trade shows.
• Negotiate pricing, delivery terms, and payment schedules for best value.
• Manage supplier documentation and regulatory compliance.
• Monitor supplier performance via KPIs and address issues.
• Maintain supplier and item data in the ERP system.
• Collaborate with internal teams to align sourcing strategies.
• Identify process-improvement opportunities in sourcing.
• Stay informed on market trends and adjust strategies accordingly.

Skills

Contract review

Relationship building

Sourcing strategy

Adaptability

Ethical sourcing

Communication

Negotiation

Organization

Math skills

Education

High school degree

Associate’s degree

Tools

ERP software

Microsoft Office Suite

Job description

Sourcing Specialist

Department: Sourcing

Employment Type: Full Time

Location: Milan, IL (4905)

Reporting To: Beth Davis

Compensation: $20.00 - $23.00 / hour

Description

As a Sourcing Specialist, you will play a critical role in the procurement process, responsible for identifying, evaluating, and negotiating with suppliers to secure the best possible terms for the goods and services essential to our operations. Your focus will be on building strong relationships with suppliers, ensuring quality, cost-effectiveness, and timely delivery to support Group O’s strategic goals.

The ideal candidate is a meticulous, strategic, and ethical professional with a proven record in procurement and supplier management. They are adept at negotiation, have strong analytical capabilities, and excel in building relationships. This individual is adaptable, initiative-taking, and committed to continuous improvement, making them an asset to the procurement team and the organization.

Key Responsibilities

Essential Functions:

• Identify potential suppliers through market research, industry networks, and trade shows. Evaluate suppliers based on quality, cost, reliability, and delivery capabilities.
• Negotiate terms and conditions, including pricing, delivery schedules, and payment terms to achieve the best value for the company while maintaining quality standards.
• Manage documentation related to suppliers and quotes and regulatory compliance.
• Monitor supplier performance through key performance indicators (KPIs) and metrics. Address and resolve any issues related to quality, delivery, or cost.
• Setup and maintain item information, supplier information, and load and maintain supplier costs in the Enterprise Resource Planning (ERP) system.
• Collaborate closely with internal teams to align sourcing strategies with business needs and objectives.
• Identify opportunities for process improvements in the sourcing and procurement cycle, leveraging industry best practices and innovative solutions.
• Stay informed about market trends, pricing fluctuations, and supply chain innovations to proactively adjust sourcing strategies.

Job Qualifications

Education/Certifications:

• High school degree

Preferred Education/Certifications:

• Associate’s degree

Experience:

• Related experience in sourcing, procurement, or supply chain management.

Skills and Qualifications:

• Meticulous mindfulness in reviewing contracts and supplier evaluations.
• Ability to build and maintain strong relationships with suppliers and internal stakeholders.
• Capacity to develop and implement effective sourcing strategies.
• Flexibility to adapt to changing market conditions and company needs.
• Commitment to ethical sourcing practices and compliance with regulatory requirements.
• Strong verbal and written communication skills
• Basic user abilities in Microsoft Office Suite
• Ability to learn and work with Enterprise Resource Management (ERP) software.
• Strong customer service, organization, and negotiation skills
• Excellent math skills

Physical Requirements: N/A

Benefits

• Medical, Dental, Vision, and Life Insurance
• Flexible Spending Accounts (Medical and Dependent Care)
• 401(k) Plan with Company Match
• Generous Paid Time Off
• 10.5 Paid Holidays
• Career Development Opportunities