Job Title: Strategic Sourcing Specialist
Location: REMOTE
Duration: 12 Months
Shift Schedule: 7:30 AM – 4:00 PM
Pay Rate: $37/HR ON W2
Summary:
The Strategic Sourcing Specialist is responsible for leading the sourcing and contract negotiation processes to achieve cost savings and support supply chain goals. This role involves engaging with suppliers, managing contracts, and ensuring pricing accuracy while collaborating with various departments and teams.
Responsibilities:
- Identify cost savings through contract negotiation with GPOs or vendors.
- Lead the RFP process and support departments through supplier selection.
- Source and negotiate contracts with suppliers across product categories.
- Quickly identify alternate suppliers in urgent situations.
- Engage with domestic and global suppliers to support supply chain goals.
- Meet with supplier representatives and conduct quarterly reviews.
- Share savings opportunities with Value Analysis and internal teams.
- Work with departments to implement cost-saving initiatives.
- Ensure pricing accuracy with Pricing/Data Integrity teams.
- Manage contract documentation with Legal and update systems.
- Maintain pricing updates, renewals, and contract changes.
- Assist buyers in resolving pricing issues.
- Identify substitute products during recalls or shortages.
- Collaborate with Legal to ensure complete procurement terms.
- Participate in team reviews and support workflow improvements.
- Track and report cost savings by period.
- Use Google tools to analyze supplier/category spend.
- Act as liaison for procurement-related inquiries.
- Support product branding initiatives.
- Perform other duties and adhere to Client standards.
Required Skills:
- Bachelor’s degree or equivalent.
- 5 years of relevant experience in contract negotiation.
- Strong project management and time management skills.
- Adaptable to shifting priorities.
- Strong communication skills.
- Ability to work independently.
- Must be able to multitask and prioritize workload.
- Adhere to Client and department policies and procedures.
- Experience with PeopleSoft is a plus.