Job Summary:
The Strategic Procurement Specialist is responsible for developing and executing sourcing strategies that optimize cost, quality, and supplier performance. This role focuses on long-term value creation through supplier partnerships, market analysis, and effective contract management to support the organization’s overall business objectives.
Key Responsibilities:
- Develop and implement strategic sourcing plans aligned with company goals.
- Analyze spend data and identify cost-saving opportunities.
- Source, evaluate, and select suppliers based on quality, cost, and reliability.
- Build and maintain strong, long-term relationships with key suppliers.
- Lead negotiations for contracts, pricing, and service level agreements.
- Monitor supplier performance and ensure compliance with contracts.
- Conduct market research to stay updated on pricing trends and supply risks.
- Collaborate with internal stakeholders (finance, operations, logistics) to align procurement strategies.
- Manage procurement risks and develop contingency plans.
- Ensure compliance with company policies and regulatory requirements.
- Drive continuous improvement initiatives within the procurement function.
Required Qualifications:
- Bachelor’s degree in Supply Chain Management, Business Administration, Finance, or related field.
- Proven experience in procurement, strategic sourcing, or supply chain (3–7+ years depending on level).
- Strong negotiation and contract management skills.
- Excellent analytical and financial evaluation skills.
- Proficiency in ERP systems (e.g., SAP, Oracle) and MS Excel.
- Strong communication and stakeholder management abilities.
Preferred Skills:
- Experience in category management and supplier relationship management (SRM).
- Knowledge of global sourcing and international trade.
- Strong problem-solving and decision-making skills.
- Ability to work in a fast-paced, cross-functional environment.