JOB SUMMARY:
A Strategic Sourcing professional is well-versed in strategic supply chain principles and contributes to the development of supply chain strategies that align with company and department goals. Through reading, understanding, and interpreting supplier contracts, a Strategic Sourcing professional can negotiate and manage long-term pricing agreements. This position will also analyze financial aspects of contracts, make cost comparisons, and use pricing formulas. Keeps contracts up-to-date and follow all laws, company rules, and good business practices.
JOB RESPONSIBILITIES:
• Knowledgeable in strategic supply chain principles and provides input into supply chain strategies supporting company/department objectives.
• Maintains and supports timely control of amendments, SOW changes, extensions, and other required documentation to assure orderly administration and retention of records.
• Complies with all public law requirements as well as company (and business) policies and procedures, import/export regulations, and employs sound business practice.
• Possesses financial analytical skills necessary to review contractual agreements, perform cost comparisons, utilize pre-existing pricing formulas.
• Demonstrates negotiation skills necessary to secure price, delivery schedule, terms & conditions for Pricing Agreements (PAs), Master Purchasing Agreements (MPAs), and/or other related contract agreements
• Negotiate/Administer Long Term Agreements and Pricing Agreements as required, identifying cost savings initiatives as planned and forecasted.
• Read and interpret supplier agreements/contracts.