Sourcing Specialist
US ValveIf you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact. With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you. POSITION SUMMARY We are seeking a motivated and detailed oriented Sourcing Specialist that will work with commodity managers to run sourcing activities for a multitude of commodities. The ideal candidate will develop and execute short and long-term sourcing initiatives that reduce supply chain complexity and achieve a minimum of 3% YOY material productivity. They will help identify, evaluate, suppliers to ensure the best value, quality, and service for our organization. Responsible for onboarding new suppliers and/or transitioning parts to more strategic suppliers ESSENTIAL DUTIES AND RESPONSIBILITIES Project Management: Plan, execute and manage multiple sourcing projects at one time, determined by various commodity strategies driving quality, delivery and material cost savings’ Track and report project progress, risk and performance metrics. Manage New Product Development projects from quote to production. Strategic Sourcing: Research potential suppliers, analyze market trends and spend data to identify sourcing project opportunities. Provide recommendations for supplier selection, develop negotiations strategies , stocking agreements and contract finalization. Manage RFQ/RFP process and supplier/part transition process Lead the end-to-end supplier qualification process for new vendors, from request for quote to first purchase order which includes the supplier onboarding process. Utilize 80/20 mindset to establish and execute VA/VE projects to reduce part complexity Manage 20’s suppliers and develop strategies for supply base reduction Manage and develop strategic sourcing strategies for Indirect (non-production) suppliers Cost and Risk Management: Work collaboratively with supplier to address and resolve performance issues to mitigate project risk Develop and execute contingency plans for supplier disruptions Act as liaison between supplier and internal teams, ensuring effective communication and issue resolution. Maintain and monitor “key” performance metrics Perform other functions as necessary to support the global sourcing department. QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions Excellent project management skills and Project Management tools and MS Office Suite. Proficiency in Microsoft Excel, with a demonstrated ability to work well with spreadsheets Excellent reasoning and analytical skills, ability to anticipate and define complex problems, collect data, establish facts, distinguish trends, and draw valid conclusions Ability to multi-task and manage several projects in different stages. Strong ability to interface effectively with suppliers and internal cross-functional counterparts while maintaining a customer satisfaction orientation. Excellent organizational and time management skills with strong attention to detail. Ability to work both independently and as part of a larger team. Education and Experience Requirements or Equivalencies: Bachelor’s degree or equivalent in Supply Chain Management or related field. Experience: 3+ years relevant supply chain/operations experience, Relevant certifications (e.g., CPSM, CSM, or equivalent) are an advantage. Proficient with st…