Procurement Specialist

Description: Since 1982, Sigma Engineered Solutions has been on an incredible journey. We started with just one plant in India and have expanded to 13 locations around the world. What began as a cost-effective supplier of low-voltage electrical products has grown into a global solutions provider of highly engineered, complex metal components, including machined parts and precision metal stampings. At Sigma Engineered Solutions “your success is our mission.” It’s a promise we live by daily and it defines everything we do whether you are a team member or customer. The Procurement Specialist is responsible for sourcing, negotiating and managing the procurement of raw materials, components, indirect materials, equipment and services required to support manufacturing operations and customer requirements. This position serves as a key business partner to suppliers and internal stakeholders by developing sourcing strategies, negotiating commercial agreements, driving cost reduction initiatives and ensuring continuity of supply. The Procurement Specialist works closely with all department leaders in the plant to ensure materials and services are available to support customer demand while maximizing supplier performance, minimizing risk and reducing total cost. What you will be doing : Strategic Sourcing & Supplier Negotiations Manage supplier negotiations and make recommendations regarding pricing, contracts, payment terms, delivery schedules and service agreements, escalating matters requiring additional review or approval. Conduct competitive bidding activities and supplier re-quotes to ensure cost competitiveness. Develop sourcing strategies that support operational objectives and long-term business goals. Analyze supplier cost structures and challenge pricing increases when appropriate. Negotiate annual pricing agreements and long-term supply contracts. Evaluate supplier capabilities, capacity, risk and overall competitiveness. Develop alternative sourcing, contingency and supplier-consolidation strategies to reduce supply risk, improve continuity and strengthen supplier partnerships. Monitor market conditions, commodity trends and industry developments that may impact material costs and availability. Support new supplier identification, evaluation, qualification and onboarding activities. Procurement & Purchasing Management Manage procurement activities for assigned commodities, materials and services. Issue and maintain purchase orders while ensuring supplier commitments are met. Monitor open orders and proactively address delivery concerns. Review and evaluate supplier quotations and proposals. Maintain procurement records, supplier agreements, pricing schedules and documentation. Ensure purchasing activities comply with company policies and procedures. Collaborate with customer service on customer re-quotes and pricing reviews for finished goods. Supplier Performance Management Develop and maintain strong relationships with suppliers. Monitor supplier performance related to quality, delivery, responsiveness and cost. Conduct supplier business reviews and performance discussions. Collaborate with suppliers to resolve quality, delivery and capacity issues. Support supplier corrective actions in partnership with Quality and escalate concerns that could affect production or customer commitments. Escalate supplier concerns that could impact production, customer commitments or business operations. Participate in supplier audits, assessments and improvement initiatives. Cost Reduction & Continuous Improvement Drive measurable cost savings through supplier negotiations, competitive sourcing and supplier consolidation. Support value analysis and value engineering initiatives with suppliers and internal stakeholders. Identify and implement procurement process improvements that eliminate waste, increase efficiency and reduce total cost. Inventory & Supply Chain Support Collaborate with Production Planning and Materials …

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