Sourcing Specialist

About the Role

We are currently looking for a skilled and commercially minded Sourcing Specialist to handle sourcing operations, foster supplier relationships, negotiate contracts, and drive cost optimization efforts. This full-time role requires close collaboration with departments such as Procurement, Supply Chain, Finance, and Operations to pinpoint dependable suppliers while balancing cost, quality, service, and timely delivery.

Key Responsibilities

• Formulate and implement sourcing strategies aligned with business goals and procurement targets.
• Identify, assess, and qualify suppliers considering cost-effectiveness, quality, reliability, capacity, and service standards.
• Manage sourcing processes including RFIs, RFQs, RFPs, e-sourcing sessions, quotation assessments, and supplier comparisons.
• Drive negotiations with suppliers to secure competitive pricing, advantageous terms, enhanced service levels, and sustained value.
• Draft, negotiate, and oversee supplier contracts and commercial arrangements.
• Build and maintain effective relationships with key suppliers and internal business partners.
• Track supplier performance metrics concerning cost, quality, delivery, service, and compliance.
• Initiate corrective measures and improvement plans for suppliers not meeting performance standards.
• Lead initiatives aimed at cost reduction, savings, and value enhancement.
• Analyze spending categories, market pricing, supplier bids, and procurement trends.
• Explore and source new products, suppliers, and methodologies while identifying emerging market opportunities.
• Collaborate with stakeholders to align sourcing activities with purchasing needs and business priorities.
• Monitor purchase orders, supplier obligations, delivery timelines, and contractual commitments.
• Support supplier onboarding, qualification, evaluation, and performance reviews.
• Utilize ERP, e-procurement, and e-sourcing platforms to boost sourcing efficiency and transparency.
• Prepare detailed reports including sourcing analyses, spend reviews, savings documentation, supplier evaluations, and presentations for management.
• Ensure adherence to procurement policies, contract conditions, and applicable quality, safety, and environmental standards.
• Identify risks in the supply chain and devise alternative sourcing strategies to maintain operations continuity.
• Continuously enhance sourcing practices, supplier networks, and procurement performance.

Candidate Requirements

• Proven background in sourcing, procurement, purchasing, supply chain, or category management roles.
• In-depth knowledge of strategic sourcing, supplier management, procurement protocols, and contract negotiation.
• Experience conducting RFQs, RFPs, supplier evaluations, and commercial negotiations with cost analysis.
• Strong analytical and financial capabilities for evaluating spend, pricing, savings, and supplier outcomes.
• Excellent negotiation, communication, stakeholder engagement, and relationship-building skills.
• Experience in managing both direct and indirect procurement categories is a plus.
• Familiarity with contractual terms, commercial agreements, supplier contracts, and compliance requirements.
• Hands-on experience with ERP and procurement systems such as SAP, Oracle, Ariba, or equivalents.
• Advanced proficiency in Microsoft Excel and data analytics.
• Demonstrated ability to identify cost-saving opportunities and achieve measurable commercial benefits.
• Strong problem-solving aptitude with capability to handle multiple sourcing projects concurrently.
• Experience collaborating with cross-functional teams including Finance, Operations, Supply Chain, Engineering, and Business units.
• A bachelor's degree in Supply Chain Management, Procurement, Business, Finance, Engineering or relevant fields is preferred.
• Professional credentials like CIPS/MCIPS or similar qualifications are advantageous.

What We Provide

• Opportunity to spearhead strategic sourcing and supplier optimization programs.
• Exposure to procurement strategy development, contract negotiations, cost control, supplier advancement, and supply chain processes.
• Chance to cultivate relationships with suppliers locally, regionally, and internationally.
• Potential career advancement to Senior Sourcing Specialist, Strategic Sourcing Manager, Category Manager, Procurement Manager, Head of Procurement, or Supply Chain Director positions.
• A commercially driven, collaborative, and high-performance work culture.
• Access to professional development including training, procurement certifications, mentorship, and career growth resources.
• Competitive salary structure, performance-based incentives, and a comprehensive benefits package.