Strategic Sourcing Specialist

Overview

Job Summary

The Strategic Sourcing Specialist supports the Procurement team by analyzing supplier performance, cost structures, and market trends to optimize sourcing strategies. This role is responsible for gathering and interpreting data to drive supplier negotiations, enhance supplier relationships, and support cost-saving initiatives. The specialist collaborates with cross-functional teams to ensure procurement decisions align with business objectives, compliance requirements, and industry regulations. Performs responsibilities in accordance with applicable FDA, Good Manufacturing Practices (GMP), and state regulations, as well as relevant standards, including but not limited to ISO 13485.

Responsibilities

Key Accountabilities

 Analyze procurement data, supplier performance, and market trends to identify cost-saving opportunities.
 Support supplier evaluation and selection processes by providing data-driven insights.
 Support supplier contract negotiations and management to drive successful agreements that align with business objectives and optimize cost, quality, and service.
 Assist in the development and implementation of category management strategies.
 Support and optimize supplier scorecards to track performance metrics.
 Conduct cost modeling and should-cost analysis to support negotiations.
 Collaborate with internal stakeholders to align procurement strategies with operational needs.
 Monitor industry trends and supply chain risks to mitigate potential disruptions.
 Ensure compliance with procurement policies and regulatory requirements.

Networking/Key relationships

This position works regularly and collaboratively with staff in Werfen’s Receiving, Quality Assurance, Quality Control, Production Planning, Shipping, and Finance teams.

Qualifications

Skills & Capabilities

 Strong analytical and problem-solving skills with proficiency in Excel, Power BI, and ERP systems (SAP preferred).
 Knowledge of data visualization tools and statistical analysis techniques.
 Excellent communication and collaboration skills.
 Ability to manage multiple projects in a fast-paced environment.
 Demonstrated experience of successful use of customer relationship skills.
 Proven track record of successful supplier contract negotiation and management required.

Travel requirements

Limited domestic and international travel (<10%) to supplier sites and industry conferences.

Salary range for this position is $80,000-$125,000 per year.