What are the responsibilities and job description for the Strategic Sourcing Specialist position at Corporate Ladder Search Partners, Inc.?
Position Overview:
The Strategic Sourcing Specialist is responsible for end-to-end sourcing, developing plans, selecting preferred and qualified vendors, review existing procurement and vendor strategy, and evaluating current third-party relationships to ensure they align to the organization’s strategic objectives. This position drives cost-saving initiatives by working cross functionally with internal business teams to find and execute upon opportunities.
Job Responsibilities:
- Manage cost-saving initiatives through cross-functional collaboration with internal business teams to identify and capitalize on opportunities.
- Analyze and improve vendor operations to enhance efficiency and reduce costs.
- Negotiate contracts and leases to manage vendor relationships effectively.
- Support the full strategic procurement cycle, including vendor and risk identification and selection, price negotiating and contracting.
- Collaborate with internal departments such as Legal, Operations, Compliance, and other stakeholders to ensure seamless coordination in procurement activities.
- Continuously evaluate and improve procurement processes to ensure efficiency.
- Identify cost saving measures and implement processes that will streamline and automate procurement reporting and tracking.
- Conduct thorough market research to identify potential vendors and evaluate the services they provide.
- Manage vendor selection process, including evaluating submissions, and conducting vendor evaluations to ensure optimal partnerships.
- Ensure that procurement activities comply with company policies and industry regulations.
Qualifications and Skills:
- Bachelor’s Degree or equivalent relevant job experience.
- 3-5 years of experience in procurement, RFP facilitation, and risk mitigation, or equivalent related experience.
- Experience in these regulated industries preferred: mortgage, banking, healthcare, or insurance.
- Excellent negotiation and facilitation skills.
- Skilled in managing multiple project schedules and deliverables.
- Skilled in collaboration and working closely with internal stakeholders and vendors.
- Proficiency in taking initiative and working independently.
- Excellent communication skills.
- Experience in Microsoft Office Suite.
