Procurement Career Paths

Job Title: Senior Sourcing Specialist

Location: [Insert location]

Reports to: [Insert name and title of supervisor]

A senior sourcing specialist takes charge of company sourcing needs and leads other sourcing experts in decision-making, sourcing strategies, and sourcing initiatives. They are experts in sourcing systems and strategies.

Key Responsibilities: 

• Negotiate contract agreements with suppliers to get the best deal at the lowest cost.
• Use up-to-date and efficient sourcing strategies and procurement tools to meet financial goals and stakeholder expectations.
• Establish strong relationships and educate stakeholders on procurement best practices.
• Analyze supply base and vendor spend to make informed sourcing decisions.
• Create or develop complex financial and analytical models for strategic recommendations.
• Helping in the acquisition process across all stakeholder groups – hiring managers, recruiters, HR, and other candidates.
• Ensuring that the company is represented accurately and appropriately to all candidates.
• Exercising appropriate discretion in company spend on resources related to the recruiting/sourcing process.

KPIs for this role

• Negotiation Effectiveness: Effectiveness of negotiation to get advantages and benefits at the lowest possible cost.
• Sourcing Strategy Success Rate: Percentage of sourcing strategies and tools that meet or exceed expectations.
• Partnership Development: Number of strong and positive partnerships established with stakeholders and suppliers.
• Stakeholder Education: The increase in stakeholder understanding and adoption of sourcing strategies and knowledge that was taught to them through educational sessions.
• Supply Base Analysis: The increase in efficiency and cost-effectiveness based on data analysis.
• Financial Model Accuracy: Financial and analytical models that accurately support strategies and decisions.
• Compliance Rate: Compliance of all stakeholder groups and suppliers of company standards and sourcing strategies and policies.
• Company Representation: Feedback score from candidates and stakeholders on the company’s representation.
• Data Management: Accuracy and timeliness of data updates in employment management systems.

Key Skills and Qualifications: 

• Bachelor’s Degree in any relevant field.
• 3-6 years of work experience in procurement or strategic sourcing roles
• Project Management Professional (PMP) or Certified Supply Chain Professional (CSCP) certifications are advantageous.
• Strong collaboration and negotiation skills.
• Effective use of sourcing strategies and procurement tools.
• Excellent verbal and written communication skills.
• Proficiency or willingness to learn Microsoft Office and other relevant software.
• Working knowledge in strategic sourcing and contract management.
• Attention to detail and strong organizational skills.
• Knowledge of sourcing methodologies and legal requirements.
• Strong math skills for financial analysis.
• Proficient in Microsoft Office

• Negotiate contract agreements with suppliers to get the best deal at the lowest cost.
• Use up-to-date and efficient sourcing strategies and procurement tools to meet financial goals and stakeholder expectations.
• Establish strong relationships and educate stakeholders on procurement best practices.
• Analyze supply base and vendor spend to make informed sourcing decisions.
• Create or develop complex financial and analytical models for strategic recommendations.
• Helping in the acquisition process across all stakeholder groups – hiring managers, recruiters, HR, and other candidates.
• Ensuring that the company is represented accurately and appropriately to all candidates.
• Exercising appropriate discretion in company spend on resources related to the recruiting/sourcing process.

• Collaboration: Ability to work effectively and efficiently with others to achieve common goals and objectives.
• Negotiation: Skill in negotiating favorable terms and agreements with suppliers at the lowest possible cost.
• Analytical skills: Analysis of data, trends, and market conditions to make informed sourcing decisions and identify opportunities for improvement.
• Communication: Strong verbal and written communication skills to communicate with stakeholders and suppliers.
• Project management: Management of various sourcing projects and being able to see them through from start to finish.
• Innovation: Capacity to think creatively and introduce new ideas and approaches to sourcing processes and strategies.
• Strategic sourcing: Knowledge and experience in creating/developing and implementing sourcing strategies that align with organizational goals and objectives.
• Technical: Understanding of technical aspects related to sourcing, such as supplier evaluation, contract management, procurement systems, etc.
• Contract management: Management of supplier contracts, including negotiation, compliance, and performance evaluation.
• Detail-oriented: Attention to detail to ensure accuracy and efficiency in sourcing activities, documentation, and analysis.
• Organizational skills: Ability to organize and prioritize tasks effectively to meet deadlines as efficiently as possible.

• Negotiation Effectiveness: Effectiveness of negotiation to get advantages and benefits at the lowest possible cost.
• Sourcing Strategy Success Rate: Percentage of sourcing strategies and tools that meet or exceed expectations.
• Partnership Development: Number of strong and positive partnerships established with stakeholders and suppliers.
• Stakeholder Education: The increase in stakeholder understanding and adoption of sourcing strategies and knowledge that was taught to them through educational sessions.
• Supply Base Analysis: The increase in efficiency and cost-effectiveness based on data analysis.
• Financial Model Accuracy: Financial and analytical models that accurately support strategies and decisions.
• Compliance Rate: Compliance of all stakeholder groups and suppliers of company standards and sourcing strategies and policies.
• Company Representation: Feedback score from candidates and stakeholders on the company’s representation.
• Data Management: Accuracy and timeliness of data updates in employment management systems.