What are the responsibilities and job description for the Sourcing Specialist position at Chord Energy Corporation?
Position Summary
The Sourcing Specialist's primary role is to promote and implement tactical sourcing activities, while proactively managing assigned commodities and supply base. They construct RFx’s and are responsible for negotiating products or services from strategic suppliers. They are also responsible for establishing and maintaining supplier relationships to seek maximum value for the company including total cost of ownership. This position will report to the Sourcing Supervisor and is in downtown Houston, TX. Hybrid work schedule is an option for remote work on Mondays and Fridays. Level and salary commensurate with experience.
Essential Job Functions
Develop RFx documents, conduct data analysis, and negotiate contracts while obtaining and evaluating quotations to support sourcing strategies and align with operational objectives for assigned commodities. Identify and implement cost-saving opportunities through innovative sourcing strategies, substitutions, and enhanced supply chain management techniques, including target costing and negotiations.
Analyze market trends and monitor relevant indices for key business drivers to predict price fluctuations and potential market shortages
Review contracts and master service agreements for exceptions, negotiate necessary changes, and support legal review processes
Interpret complex requirements and develop compliant, competitive proposal inputs while managing and negotiating large Master Service Agreements and pricing contracts
Oversee data collection, storage, and analysis processes to maintain data integrity and accessibility, while developing and implementing data management strategies that align with organizational goals and improve decision-making
Identify and oversee new product development opportunities, integrating new business units into sourcing initiatives
Evaluate alternative proposals and determine the most effective strategies to achieve objectives
Select suppliers that meet required standards for quality, flexibility, reliability, and pricing for specified services and commodities
Engage in Supplier Relationship Management by conducting regular audits and tracking key performance indicators (KPIs)
Maintain and update the Approved Supplier List (ASL) based on feedback from the business
Demonstrated ability to foster a culture of continuous improvement, utilizing data-driven methodologies to enhance processes and drive operational excellence
Prepare periodic reports as required by management
Report non-conformances promptly and ensure follow-up until resolution
Perform additional duties as assigned based on the needs of the location or company
This job description is not intended to be an all-inclusive list of duties and responsibilities of the position. Incumbents will be required to follow any other job-related instructions and duties outside of their normal responsibilities as assigned by their supervisor.
Minimum Qualifications
Bachelor’s degree in Supply Chain Management, Finance, or a related discipline
3 years of experience in sourcing or contract management
Strong verbal and written communication skills
Exceptional attention to detail
Proficient in MS Office Suite, including Excel, Word, PowerPoint, and other relevant programs
Ability to work in a fast-paced and fluid environment; flexible with the demands of a growing company
Ability to meet deadlines
Physical Requirements: Ability to work effectively in a standard office environment, utilizing standard office equipment such as computers, copiers, and telephones; maintain focus despite interruptions; possess vision for reading printed materials and computer screens; and have the hearing and speech capabilities necessary for in-person and telephone communication.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Preferred Qualifications
5 years experience in sourcing or contract management
Proficient in Power BI and data analytics, with a strong ability to create insightful visualizations and reports that drive informed decision-making
Strong organization and problem-solving skills as well as the ability to work independently with changing priorities
Ability to think strategically with excellent quantitative skills
Proven record of results-based performance
Strong initiative and proven project management skills
EEO Statement:
Chord Energy does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.
