What are the responsibilities and job description for the Strategic Sourcing Specialist (Indianapolis, IN) position at Buckingham Companies?
Overview
The Strategic Sourcing Specialist will support the Procurement Manager in developing Buckingham Companies' procurement strategy based on organizational goals and market conditions. This role will draft and prepare RFPs and RFQs, review and analyze supplier agreements for compliance, and assess risk management aspects of supplier contracts. The Strategic Sourcing Specialist will evaluate and select suppliers based on quality, cost, and delivery performance, conduct market research to identify potential suppliers and industry trends, and develop strategies for continuous improvement. Responsibilities include monitoring supplier performance, maintaining procurement records, and collaborating with cross-functional teams to understand sourcing needs. This role will focus on achieving short and long-term goals, ensuring data visibility and transparency for informed decision-making, and furthering Buckingham Companies’ mission, vision, and values.
Qualifications
Training/Education
- A Bachelor's Degree in Supply Chain Management, Finance, Business Administration, Construction, or a related field.
- Alternatively, 4 years of experience in procurement, sourcing, or a related field.
Experience/Skills
- 1-2 years’ experience in procurement, sourcing or related field (Internship experience will be considered)
- Detail oriented with ability to manage multiple sourcing activities simultaneously
- Basic understanding of contract law and risk management principles
- Familiarity with procurement software and tools
- Contract negotiation/contract management
- Familiarity with Yardi, Procore, and capital expenditure-related projects
- Foundational understanding of asset and property management
- Ability to work and succeed in a fast paced, deadline driven environment
- Critical thinking, problem-solving, analytical skills
Responsibilities
- Prepare Requests for Proposal (RFP) and Requests for Quotation (RFQ) for various contractable services supporting asset operations
- Review and analyze supplier agreements to ensure compliance with our standards and requirements
- Analyze insurance coverages and assess risk management aspects of supplier contracts
- Support the evaluation and selection of suppliers based on quality, cost, and delivery performance
- Collaborate with cross-functional teams to understand sourcing needs
- Maintain and update procurement records and databases
- Assist in negotiating contract terms, pricing, and delivery schedules with suppliers
- Monitor supplier performance and develop strategies for continuous improvement
- Conduct market research and analysis to identify potential suppliers and industry trends
- Provide administrative support for procurement and strategic sourcing activities
- Assist in developing operational standards in a trailblazing organization
