Strategic Sourcing Specialist

Harrington Hoists, Inc.; Northern (KY); Hybrid; USD 65,000 - 75,000; Full time

Job summary

Harrington Hoists, Inc. in Kentucky is seeking a Strategic Sourcing Specialist responsible for building relationships with suppliers, negotiating costs, and developing agreements to improve efficiency and profitability.

The role leads strategic sourcing processes, understands product lines, forecasts prices, and supports supplier performance initiatives to ensure continuity of supply. Candidates should have a bachelor’s degree in a related field and at least 1 year of sourcing experience, with

Qualifications

• Bachelor’s degree in Business Administration, Supply Chain Management, Purchasing, Engineering or related.
• Minimum 1-year progressive challenging experience in sourcing and procurement.
• Working knowledge of Microsoft Outlook, Teams, Excel, PowerPoint, and Word.
• Procurement expertise: high level to develop category strategies for global supply base. JDE a plus.
• Quantitative and analytical: perform statistical quote analysis and supply support.

Responsibilities

• Lead the strategic sourcing process of research, evaluation, and structure for multiple complex projects.
• Understand product lines, key players, and industry suppliers to be effective in sourcing.
• Proven track record of procuring, managing the supply base, and forecasting prices and availability.
• Prepare and evaluate supplier quotations, pricing, and services for best total cost of ownership.
• Create and monitor a sourcing strategy with opportunities and supplier performance goals.
• Support suppliers’ capabilities to improve quality, delivery, cost, and innovation.
• Identify new opportunities to improve value and performance for the business.
• Identify risks and implement contingency planning.

Skills

Strategic sourcing

Supplier negotiation

Cost analysis

Category management

Forecasting

Communication

Team collaboration

Learning aptitude

Education

Bachelor’s degree in Business Administration or related

Tools

Microsoft Outlook

Microsoft Teams

Excel

PowerPoint

Word

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Strategic Sourcing Specialist

5 days ago Requisition ID: 2156

Salary Range: $65,000.00 To $75,000.00 Annually

JOB TITLE: STRATEGIC SOURCING SPECIALIST

Salary Exempt Position

REPORTS TO: Supply Chain Manager

DEPARTMENT: Materials

BASIC FUNCTION:

Build and maintain relationships with important industry suppliers, negotiating cost and developing agreements that ultimately improve efficiency and profitability.

GENERAL JOB RESPONSIBILITIES

• Lead the strategic sourcing process of research, evaluation, and structure ensuring continual sourcing improvement for multiple complex projects.


• Understand and have an-depth knowledge of company product, key players, and industry suppliers to be an effective expert in the sourcing process.


• Proven track record of success in procuring, managing the supply base, and forecasting prices and availability of component markets to ensure competitive prices and continuity of supply.


• Prepare and evaluate supplier quotations, pricing, and services to determine the most competitive solution based upon a total cost of ownership.


• Create, maintain, monitor, provide analysis and communicate appropriately an identified category which includes a sourcing strategy (e.g., savings opportunities, supply source transition, targeted supplier performance, etc.).


• Support suppliers' capabilities to improve quality, delivery, reduce cost of assigned commodity and facilitate successful supplier innovation initiatives.


• Identify new opportunities to improve value and performance which deliver demonstrable benefits for the business.


• Help identify areas of risk for the business (i.e., delivery of service, quality, performance, timeline, warranty, governance), develop and implement contingency planning processes.

JOB QUALIFICATIONS

• Bachelor’s degree, preferably in Business Administration, Supply Chain Management, Purchasing, Engineering or related.


• Minimum 1-year progressive challenging experience, in sourcing and procurement.


• Working knowledge of Microsoft Outlook, Teams, Excel, PowerPoint, and Word.


• Procurement expertise: High level required to develop, implement, and publish category strategies that result in an aligned supply base to meet the needs of the business on a global basis. JDE experience a plus.


• Quantitative and analytical: Highly numerate and possess the ability to perform statistical quote analysis, to provide supply support for projects and new business opportunities.


• Strategic and analytical thinker: Make decisions with a long-term focus in a results-oriented environment.


• Organizational skills: Effectively prioritize assignments, manage workload, as well as manage multiple concurrent projects in a fast-paced environment.


• Detail-Oriented: Ability to focus extensively to produce high quality work.


• Problem-solving skills: Proven ability to identify and resolve problems.


• Critical thinking skills: Affinity for sourcing and resourcefulness in obtaining data and must be able to relate with abstract to make decisions in situations where complete information is not available.


• Communication skills: Strong written and oral communication abilities to perform job duties successfully, especially negotiating with suppliers.


• Team player: Possess the ability to work with cross functional teams and effectively in a team environment.


• Apt for Learning: Consistently demonstrate proven ability to learn and use necessary tools.

PHYSICAL REQUIREMENTS

• Must be able to sit 6+ hours a day.

OTHER REQUIREMENTS

• Ability to handle job related stress.


• Ability to learn, understand and explain our complex technical products.


• Interact with others in a focused, positive, courteous, respectful, and professional business-like manner.


• Regular attendance is an essential element of the job. Unplanned absences have the potential to impair the operation of the department and diminish effectiveness of the company.

NOTE: This job description is not intended to be all inclusive. It represents typical duties and criteria necessary to successfully fulfill the responsibilities of the position. Other duties may be required at the discretion of supervision or management.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.