A Procurement or Sourcing Specialist is responsible for sourcing and purchasing the goods or services required by an organization, especially tracking overall spend and improving bidding processes. Responsible for maintaining supplier relationships. May also be responsible growing supplier relationships with new and/or existing suppliers.
Kenosha, WI Job Details 22 hours ago Benefits Flexible schedule Qualifications Communication with suppliers Confidential information handling Spreadsheets Professional ethics Writing skills Manufacturing facility experience Vendor relationship management Productivity software Manufacturing company experience Cross-functional communication
Full Job Description Job Summary:
The Sourcing Specialist is responsible for developing and executing sourcing strategies for various commodity groups to optimize supply chain performance. The Senior Sourcing Specialist will identify and evaluate existing and potential suppliers to ensure competitive pricing, capability, and capacity to meet the current and future needs of IEA's supply chain. The Sourcing Specialist receives specific work assignments under general supervision and resolves most problems with limited supervisory assistance. This position works closely with finance, engineering, quality, and new product development for any new RFQ sourcing initiatives. They will maintain a close working relationship with the Materials Management and Sales Departments so there is timely availability of product. The Sourcing Specialist will develop and maintain positive working relationships with all suppliers. This position identifies and mitigates risks in the supply chain's performance. This job includes researching and completing Requests for Quotes (RFQs). Completing these RFQs requires this individual to analyze customer and competitor data and to interpret specific part schematics and specs. This position may offer a flexible schedule after a period of onboarding, training, and meeting performance goals. Essential Duties and Responsibilities include the following, with other duties assigned as necessary : Quote and negotiate pricing for: production components and tooling, new components, prototypes, piece pricing, lead times, freight costs, transportation, terms, and rebates Make supplier selections and follow through on all purchases throughout the product development process; expedite as needed. Distribute RFQ packages to existing and new suppliers to support new product development business growth Develop and implement roadmap to obtain cost savings goals. Lead, develop, deliver, and negotiate supply contracts to optimize price, lead time, and payment terms. Create and track purchase orders to suppliers for production tooling and pre-production components Create direct materials cost models: Evaluate and compare quotes, assist with pre-sourcing supplier decisions to complete the cost models Manage supplier relationships for the prototype and production supply base: Balance the needs and performance expectations of IEA Collaborate with Operations, Engineering, Quality, and Sales to ensure purchased materials meet specifications for production and customer requirements. Manage supplier contracts in a manner that ensures all requirements and special terms and conditions are met. Support departmental and organizational goals and objectives: Support leadership through Continuous Improvement projects or other tasks aimed at achieving goals and objectives Work with the Quality Department to ensure that plans of action are developed and implemented for improving poor performing suppliers and rewarding top performing suppliers Maintain and enhance strong partnerships with existing suppliers through excellent communication and collaborative approach in resolving issues and drive cost savings Conduct on-site visits to suppliers and coordinate the onboarding of new suppliers. Manage the expansion of the supplier network. Be the knowledge expert on assigned material categories guiding the organization on product usage and specifications Work with Marketing, Sales, Supply Chain Planners & Leadership, and Logistics in solving supply issues impacting markets or customers, and on new product introduction Utilize cost analysis, price analysis, and cost modeling techniques to manage supplier costs Assist with Large Key Customer contracts, work closely with the Supply Chain team and appropriate sales team to establish pricing and inventory levels that support our contracts with our customers Identify potential weaknesses in current supply chain, address or escalate when needed. Monitor PPV (purchase price variance) and develop year-on-year cost savings initiatives. Updates ERP system, purchasing vendor contracts, and supplier/product information as needed. Ensure that all work is done in accordance with and adheres to IEA's ISO and Quality standards. Reasonable accommodations will be made for individuals with disabilities to perform essential duties. Work Environment Work location(s): Office; metal fabrication/assembly shop; local domestic travel to visit suppliers (
