Strategic Sourcing Specialist

Job Description Summary

The Strategic Sourcing Specialist is responsible to develop, implement and lead the sourcing strategy and operating plan for selected suppliers in our MICT business. The scope of the role is managing spend, 70 suppliers worldwide across two design centers (Bangalore) and three manufacturing sites with active support from extended sourcing and SME teams.

Roles and Responsibilities

• Select strategic suppliers for any NPI (New Product Introduction), supplier transfer and get suppliers ready to deliver targeted business requirements (quality, fulfillment, cost, and cash) per the program milestones, in partnership with the supplier management, supply chain and engineering teams.
• De-risk supplier base proactively, from identifying the risk to executing the mitigation plan, in partnership with the MICT business team.
• Drive product cost down by 10% year over year ($2M approximate annual cost out) through supplier negotiation and design change ideas, partnering with engineering and manufacturing with a total cost mindset and support logistic cost out initiative.
• Support supplier quality, ensuring supplier compliance with FDA, EHS, transportation and other regulatory and reputation.

Required Qualifications

• Bachelor's Degree in Engineering, Procurement, Supply Chain Management.
• Minimum 3 years experience in Engineering, Sourcing, Operations or Supply Chain.
• Excellent business/financial acumen, ability to act as business partner through horizontal teams with the ability to influence and drive change in a collaborative and effective way.
• Ability to drive long strategic partnerships with suppliers and demonstrated experience in optimizing supplier base performance- Quality, Fulfillment, Cost, Cash and Contract.
• Willingness to consistently work flexible hours to accommodate needs of global customers and colleagues.
• Ability to work effectively with cross-functional or geographically dispersed teams.
• Demonstrated ability to analyze and resolve problems.
• Ability to document, plan, market and execute programs.
• Established project management skills.