Fast Facts

The Sourcing Specialist will provide sourcing support focused primarily on IT within the Indirect Sourcing team, working alongside internal IT teams and external suppliers to manage supplier relationships and facilitate cost savings through effective sourcing strategies.

Responsibilities: Key responsibilities include developing and managing relationships with stakeholders, conducting RFPs, supplier onboarding, negotiating terms, and driving compliance with sourcing policies.

Skills: Candidates should have strong commercial acumen, project management skills, and excellent communication abilities, alongside expertise in business planning and problem-solving.

Qualifications: Preferred candidates will have 3-5 years of experience in Sourcing or Procurement, a relevant degree, and strong relationship management skills.

Location: This position is based in the United States, with no remote options specified.

Compensation: Not provided by employer. Typical compensation ranges for this position are between $70,000 - $90,000.

The Sourcing Analyst will provide general sourcing support within the Indirect Sourcing team. The Analyst will focus primarily on IT as a Sourcing category, collaborating with internal IT teams and external suppliers. They may also provide support on other Indirect Sourcing categories, including Marketing, Fleet Services, HR, Temporary Labor, and Office Products. To be successful, the incumbent will build and develop strong relationships with business stakeholders by providing supplier options, competitive bidding, price and term negotiation, and contracting. 

The Sourcing Analyst will work closely with the Manager and the Indirect Senior Sourcing Analyst on tasks such as RFPs (Requests for Proposals), analytics, tracking, renewal management, invoice guidance, and policy and compliance monitoring.

PRIMARY RESPONSIBILITIES 

Strategic Sourcing

• Build internal stakeholder relationships across assigned Indirect categories
• Maintain active awareness of the supplier market
• Schedule and facilitate capability calls with suppliers as required
• Provide support to internal stakeholders as they confirm sourcing requirements and support in helping determine sourcing strategies and options
• Develop RFIs and RFPs
• Engage suppliers for bids and proposals, review responses, and make recommendations to stakeholders
• Perform cost modeling, negotiate pricing, and support the contracting process

Supplier Management

• Support supplier onboarding
• Support supplier implementations
• Support internal stakeholders and suppliers should performance issues emerge.
• Manage renewals and renegotiations

Policies, Processes, and Reports

• Socialize and drive compliance with Sourcing & Procurement Policy
• Follow Purchasing and Approval workflows where required 
• Develop category plans as needed
• Manage spend and generate savings reports

Special Projects

• Assist or lead on broader Sourcing initiatives as requested 

REQUIRED KNOWLEDGE AND EXPERIENCE

• 3 - 5 years working within a fast-paced Supplier Management, Sourcing, or Procurement team.
• Working knowledge of Indirect Sourcing categories with a strong emphasis on IT
• Researching to discover, vet, and analyze new potential vendors and sourcing options
• Managing multiple projects simultaneously
• Budgeting or cost accounting is a plus
• Developing and maintaining relationships with internal stakeholders and external suppliers
• Overseeing development of RFPs (Requests for Proposals): obtaining, analyzing, and communicating competitive quotes.
• Manages negotiations for all terms with suppliers.

Formal education or equivalent experience.

• Relevant degree or professional certifications in any area within Business, Operations, Supply Chain, Finance, or Procurement are desirable.

Skills/knowledge/abilities

• Strong or developing business and commercial acumen
• Ability to work through competing priorities and influence desired outcomes
• Expertise in business planning and/or project management
• Strong problem-solving ability and change management knowledge.
• Demonstrate strong interpersonal and relationship development skills
• Strong communication skills: verbal, written, and presentation
• Strong research capabilities 
• Strategic thinking ability and creative problem-solving