What are the responsibilities and job description for the Sourcing Specialist position at Cadence Design Systems?
At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.
Job Responsibilities:
- Collaborate with Sourcing managers to meet company objectives as you produce, implement, and support sourcing strategies that ensure best value
- Manage and prioritize the project stream, working with internal stakeholders to determine project definition and business requirements
- Manage and monitor supplier performance using meaningful and objective KPI measurements and periodic business reviews
- Verify and maintain accurate supplier data, including tax and bank information, quotations, and legal agreements
- Reconcile outstanding invoices and resolve discrepancies through proactive customer/stakeholder engagement
- Assist competitive bidding using a multi-step sourcing process and utilization of RFx.
- Support Procurement / Contracts Projects as required.
Job Qualifications:
- Customer-focused mindset
- Critical thinking and problem solving
- Excellent decision-making and leadership capabilities
- Conflict resolution experience
- Adaptability
- Thrive and create a collaborative work environment
- Detail oriented and well organized
- Good verbal and written communication skills (with team, stakeholders, and management)
Education and Experience:
- BS/MS in Procurement/Business Administration or equivalent
- General understanding of procurement, supplier chain, and supplier management
- Good working knowledge of Microsoft applications: Word, Excel, and PowerPoint
- Experience with eProcurement technologies a plus (i.e., Coupa, Ariba, Oracle)
- Facilitation skills to collaborate with stakeholders and within Global Strategic Sourcing
- Good teamwork and influencing skills
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