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Sourcing Specialist
Windquest GroupSourcing Specialist at Marketlab managing supplier relationships and sourcing activities for healthcare products. Collaborating on new product development and optimizing cost through supplier negotiations.
Tech Stack
Tools & technologiesERP
About the role
Key responsibilities & impact- Support sourcing activities by identifying and assessing potential suppliers; coordinate the onboarding process under established strategic guidelines.
- Participate cross-functionally in the new product development process to gather requirements and issue RFQs; provide data-driven supplier recommendations for management review.
- Support negotiations for supply agreements to achieve optimal terms while mitigating risk; monitor supplier adherence to contracts; enter and manage contracts in the Contract Lifecycle Management (CLM) system.
- Implement the framework for supplier engagement and pricing, ensuring the Purchasing team has a clear, well-documented structure to execute tactical purchase orders.
- Establish and develop partnerships with strategic national brand, private-brand, and contract manufacturing suppliers.
- Oversee a robust supplier management program to assess supply performance. Work with suppliers to address both situational and systemic performance issues.
- Communicate quality or performance concerns to suppliers; work to understand and report the impact of these issues on organizational costs and schedules.
- Use data and analytics to identify cost reduction opportunities across the portfolio of products; engage Supply Chain leadership to develop execution plans.
- Propose strategies to source and manage our raw material and component needs to optimize cost and continuity of supply.
- Monitor market trends and commodity pricing to provide data to Supply Chain leadership to use in strategy adjustments. Maintain contract pricing in the NetSuite ERP system.
- Report on Sourcing KPIs; work cross-functionally to identify performance improvement opportunities.
Requirements
What you’ll need- Bachelor’s degree in Supply Chain, Business, or related field or relevant experience.
- Minimum 3-5 years of experience in a sourcing role supporting internally manufactured and externally procured finished goods; high-SKU distribution environment preferred.
- International sourcing experience preferred.
- Medical products distribution experience is a plus.
- NetSuite experience is a plus.
- Proficiency with Microsoft Office and Google Suite.
Benefits
Comp & perks- Health insurance
- Professional development
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
SourcingContract ManagementData AnalysisCost Reduction StrategiesSupplier Performance Assessment
Soft Skills
Cross-Functional CollaborationNegotiationCommunication