What are the responsibilities and job description for the Strategic Sourcing Specialist position at TREW LLC?
Position Description:
The Strategic Sourcing Specialist role will be responsible for the strategic management of supplier relationships within the Power Transmission and Pneumatic commodities and any other assigned commodities. This role will assist in optimizing the value and performance in the acquisition of goods and services for the organization. The Strategic Sourcing Specialist will create innovative sourcing strategies to mitigate risks to business operations contacts and to develop relationships with suppliers that provide the best value to Trew.
The ideal candidate will possess good self-management skills, well rounded thinking, confidence, a collaborative approach to working with others within various departments, and the ability to work under pressure and timelines associated with the daily life in the Strategic Sourcing department of a fast-moving industry.
Duties/ Responsibilities:
- Ensure continuous supply of required goods and materials and communicate any supply problems which may pose a risk or impact on business operations
- Monitor market trends, competitor strategies and market suppliers
- Research and evaluate areas of opportunity and reduce costs where possible
- Explore alternate supplier sources for goods and materials
- Assess and evaluate suppliers and coordinate annual performance reviews to ensure contract compliance and manage performance improvement activities
- Aid in the development of creative and innovative procurement processes and strategies to improve operational efficiency, add value, aid business performance and work towards a strategy of continuous improvement
- Support acute vendor issues with respect to delivery or their associated products and support supplier recovery implementation
- Create and manage RFQ packages with current and prospective suppliers and analyze for best value to project and the Company
- Coordinate and lead supplier design reviews with support of Engineering and Manufacturing
- Manage supplier production development schedule and prototype parts delivery in coordination with new product development schedule
- Manage component cost in accordance with project budget and product targets and report status to internal stakeholders
- Negotiate contracts, improved prices and terms of business with suppliers and review opportunities to add value to the Company
- Research potential vendors’ abilities and products via supplier visits and assessments
- Lead or work on complex purchasing projects
- Deliver briefs, updates and reports as and when required, in particular when there is a risk which could prevent the organization meeting customer demands or where there are over capacity concerns
- Assist where able in training less experienced team members
- Maintain a high level of performance in carrying out the goals of the department and the Company
- Support product change requests and manufacturing process improvement objectives relative to sourced components and communicate the impact on supplier capacity and cost
- Ensure good communications, and update records with new and existing suppliers
- Ensure that a professional and consistent approach is taken in relation to all supplier relationships
- Ensure compliance with company guidelines, purchasing policies and procedures guidance
- Perform other special projects or duties as assigned by manager
Required Skills/ Abilities:
- Ability to work in a fast-paced environment and contribute performance-based solutions is required
- Ability to add value by reducing cost, cost avoidance, and making business improvements
- Understanding of vendor relations and specific function capabilities as they relate to production processes desired
- Ability to add value by identifying ways to reduce cost and make business improvements and by negotiating favorable terms with suppliers
- Demonstrated ability to manage own work load with minimal supervision required
- Able to work effectively in a team environment as well as an individual contributor
- Experience establishing and maintaining good working relationships with internal and external customers
- Strong analytical, problem solving, and troubleshooting skills
- Thorough knowledge of supply and demand planning
- Understanding of supply chain management principles and practices
- Proficiency in Word, Excel, Microsoft Outlook and ERP systems, preferably NetSuite
- Strong written and verbal communication skills
- Working knowledge of MS SharePoint / Teams
- Ability to read engineering drawings
Education & Experience:
- A bachelor's degree in business, supply chain management, engineering, or related field
- At least 3-5 years’ experience in procurement or supply chain management in a project-oriented environment is preferred
- Experience with power transmission-related components and parts is preferred
- APICS certification is not required but is preferred
Work Environment This is primarily a desk-based role, requiring extended periods of sitting and computer use
Remote/hybrid position with approximately 3 days in office per week
Physical Requirements Prolonged periods sitting at a desk and working on a computer. Must be able to lift up to 15 pounds at times. Ability to traverse office and manufacturing facility.
Trew EEO Statement Trew and its companies are an equal opportunity employer. Applicants will be considered for employment without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.
Other Duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
