Strategic Sourcing Specialist

Cadence Design Systems; San Jose (CA); On-site; USD 144,000 - 268,000; Full time

Benefits offered by this job

paid vacation and paid holidays

401(k) plan with employer match

employee stock purchase plan

medical, dental and vision plans

Job summary

Cadence Design Systems is seeking a Strategic Sourcing Specialist to lead the hardware systems verification supply chain. You will design and scale the supply chain, drive sourcing strategy, negotiate with suppliers, and manage vendor risks to optimize costs and performance.

The role requires 15+ years in electronics supply chain leadership, strong supplier relationships, and a track record of margin expansion through procurement excellence.

Qualifications

• 15+ years of supply chain operational leadership in electronics.
• Strong supplier relationships and networks in electronics.
• Proven ability to negotiate, manage risks, and improve margins.
• Strong procurement, subcontracts, material planning and inventory operations.
• Solid financial and P&L management aligning with business objectives.

Responsibilities

• Design and scale the supply chain to meet growing business demands.
• Develop and execute sourcing strategy, mitigate risks, ensure performance and quality.
• Execute global strategic sourcing: supplier selection, contract negotiation, vendor management.
• Oversee supply base cost management initiatives to drive value and maintain competitive advantage.
• Advise executive management on procurement strategy, vendor risk, and cost optimization opportunities.

Skills

Supply chain leadership

Vendor governance

Negotiation skills

COGS reduction

Procurement & subcontracts

Inventory planning

P&L management

Financial acumen

Job description

At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.

Job Description Cadence has an exciting opportunity for a Strategic Sourcing Specialist within their Hardware Systems Verification Supply Chain Team.

This person will have the following responsibilities:

• Design and scale the overall supply chain to meet growing business demands, including sourcing strategy, cost management, and vendor governance.


• Develop and execute the sourcing strategy, eliminate supply chain risks, achieve operational performance, product quality, and customer satisfaction.


• Execute global strategic sourcing, including supplier selection, contract negotiation, and vendor management.


• Implement and oversee supply base cost management initiatives to drive value and maintain competitive advantage.


• Serve as a strategic advisor to executive management on procurement strategy, vendor risk, and cost optimization opportunities.

Requirements & Qualifications

• 15+ years of Supply Chain operational leadership experience in the electronic systems industry.


• Rich experience in nurturing long, sustainable relationships with suppliers.


• Deep networks established with vendors in the electronics market.


• Demonstrated ability to negotiate effectively, manage risks, drive COGs down, and achieve margin expansion.


• Strong background in procurement, subcontracts, material planning, and inventory operations.


• Strong financial and P&L management skills, with the ability to align supply chain strategies with overall business objectives.

The annual salary range for California is $144,200 to $267,800.

You may also be eligible to receive incentive compensation: bonus, equity, and benefits.

Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure.

Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location.

Our benefits programs include:

• paid vacation and paid holidays


• 401(k) plan with employer match


• employee stock purchase plan


• a variety of medical, dental and vision plan options


• and more

We’re doing work that matters. Help us solve what others can’t.

Equal Employment Opportunity Policy: Cadence is committed to equal employment opportunity throughout all levels of the organization.

We welcome your interest in the company and want to make sure our job site is accessible to all. If you experience difficulty using this site or to request a reasonable accommodation, please contact [e-mail].

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Cadence plays a critical role in creating the technologies that modern life depends on.

We are a global electronic design automation company, providing software, hardware, and intellectual property to design advanced semiconductor chips that enable our customers create revolutionary products and experiences.

Thanks to the outstanding caliber of the Cadence team and the empowering culture that we have cultivated for over 25 years, Cadence continues to be recognized by Fortune Magazine as one of the 100 Best Companies to Work For.

Our shared passion for solving the world’s toughest technical challenges, our dedication to pushing the limits of the industry, and our drive to do meaningful work differentiates the people of Cadence.

Cadence is proud to be an equal opportunity employer.

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