Sourcing Associate Job Description
Sourcing Associate Duties & Responsibilities
To write an effective sourcing associate job description, begin by listing detailed duties, responsibilities and expectations. We have included sourcing associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Sourcing Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Sourcing Associate
List any licenses or certifications required by the position: CPSM, CPM, APICS, CPIM, C.P.M, RB, C.P.S.M, CPSD, ISM, CIPS
Education for Sourcing Associate
Typically a job would require a certain level of education.
Employers hiring for the sourcing associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Engineering, Finance, Education, Management, Science, Business/Administration, Economics, MBA, Supply Chain Management
Skills for Sourcing Associate
Desired skills for sourcing associate include:
Desired experience for sourcing associate includes:
Sourcing Associate Examples
Sourcing Associate Job Description
- Driving procurement processes and taking responsibility for leading contract and service level agreement (SLA) negotiations
- Keeping internal stakeholders informed of procurement activities and progress through collaborative working and pro-active communication
- Collaboration - Ensure that strategy aligns were applicable with MMD Human Health and Global Procurement
- Outsourcing Manufacturing (including Network Actions) => bidding, evaluating proposals,leading make vs
- Work independently with minimum supervision, conferring with supervisor(s) as needed
- Managing the Vendor Add Process
- Maintain and manage vendor data base and ensure accuracy of supplier classifications
- Deal with vendors, and manage contracts
- Help streamline projects and processes, which will include reporting, process improvement and analysis
- Maintain and administer the Procurement Dashboard on our intranet
- Experience managing internal customers and users who interact with the Buying Center
- Interact with all onshore teams in order to create optimum throughput and drive efficiency of the transactions
- Ensure adherence to agreed SLA’s
- Interact with various Risk and Control groups within the firm in order to establish compliance MIS around the use of the category PSL’s and adherence to the new ‘Buying’ policy
- Working experience of the Financial Services industry preferred
- Skilled on applicable PC software systems
Sourcing Associate Job Description
- Improves financial position through ability to execute and deliver cost savings, non-price value opportunities and risk mitigation
- Evaluates current and potential suppliers in coordination with Supplier Quality Teams
- Drives the parts and process qualification in coordination with Supplier Quality Teams
- Establishes and maintains rapport with all levels of supplier personnel and internal customers
- Maintains updated candidate status / disposition in applicant tracking system to ensure compliance with company policies
- Increase the impact of externally sourced innovations in RB by bringing new opportunities to the Business and sharing them widely to generate both interest and action
- Support the outside innovation needs of the business wherever they arise (IMEX, PO1, CDO, and Innovation) as agreed through Portfolio Management Team
- Increase the size and utility of the regional external network
- Work within the matrix organisation to facilitate the identification, initiation, definition and delivery of innovation projects
- Cross-category and brand agnostic support both Globally and Locally via delivery of externally sourced products and technologies
- A Bachelor’s degree in business or a related field and prior experience (5+ years) working in a manufacturing or retail environment with knowledge and hands on experience in sourcing
- Proficiency in Microsoft Office programs such as Excel, Word and PowerPoint
- High proficiency in Excel to create the costing and production spreadsheets
- The ability to create and manage highly complex business and delivery models
- Degree level education • At least 7-8 years experience working within the area of managing third party providers • Working experience of the Financial Services industry preferred
- Working consulting, change management, project management and strategic thinking capability
Sourcing Associate Job Description
- Work effectively within a diverse and global matrix Organization
- Provide the various analysis required to support spend analytics across multiple commodities
- Daily print transactions and interacting directly with paper suppliers, print suppliers, and our colleagues responsible for purchasing the business
- This role will also be utilized internally to present and sell the process to account teams across the business
- Support the Sourcing Process, including but not limited to, data-input for RFQs into IT-system (I-Source), sending out and tracking of RFQ`s, clarification of missing data with supplier and preparation of initial bidding overview in accordance with timeline and global sourcing policies
- Responsible to inform suppliers in case of no nomination decision by using relevant semi-automatic response IT-tools
- Responsible to create and place pilot orders, in compliance with all internal order processes
- Responsible to create Tool orders, PPAP orders, and Pre-serial parts orders, including tracking and follow-up of milestones and problem-solving with suppliers and internal functions
- Review open orders and communication/escalation of external and internal discrepancies to relevant buyer
- Check invoices for Tool orders, PPAP orders and Pre-serial parts orders and resolve discrepancies on invoicing, including internal and external communication and invoice release process
- Basic impact and influence capabilities
- Well-developed communication and interpersonal skills (oral and written)
- Experience in Direct or Indirect Spend Preferred ( capital projects, facilities services, lab pharma services, MRO)
- Knowledge and proficiency with SAP and/or other ERP system is preferred
- Must have a strong customer service orientation with excellent analytic, interpersonal, communication and negotiation skills
- Must have a proactive, creative and analytic approach to continuous improvement in delivering procurement services and identifying new opportunities
Sourcing Associate Job Description
- Review business specifications and statements of work
- Assist in the preparation and/or issue contracts and purchase orders for legal review and approval
- Expedite deliveries and conduct follow-up procedures when necessary
- Resolve basic contract and purchase order differences with suppliers
- Resolve basic payment problems with supplier and user departments
- Maintain agreement files, equipment records and/or specifications
- Prepare periodic activity reports
- Modify, maintain, and track operational forms (paper and/or electronic)
- Support and/or lead execution of procurement plans
- Assist/lead identification & screening/selection of potential sources
- Has experience in delivering presentations to executives and is able to achieve desired results through influencing capabilities
- Is able to develop business cases and formulate recommendations both written and verbally to influence decisions
- Technical knowledge of Wireline and/or Wireless Access Networks
- Must be proficient in Microsoft Office software (Excel, Access, Word and PowerPoint) with the ability for creation, manipulation and interpretation of data
- Textile, apparel and accessories product development and sourcing industry experience preferred
- A good understanding of the Market Data core vendors Bloomberg, ThomsonReuters, Factset, IHSMarkit
Sourcing Associate Job Description
- Employ leading practices
- Evaluate offerings and recommend overall best offer for a product or service
- Develop and support end to end supply chain analysis of business cases including garnering support from key business partners and weighing financial, quality and service criteria
- Analyze complex supplier proposals and using decision-making tools and models, including financial and non-financial criteria, to facilitate award recommendations
- Support and/or lead negotiations for commercial agreements and contracts catered to supply situations and ensure that they are aligned with a strategy to ensure business continuity through the agreements
- Effectively choose tailored sourcing approaches and tools negotiate and implement commercial/contract terms and supply agreements
- Lead the creation and development of a suite of tools for the chemicals team to support data analytics
- Conduct monthly analytics on Purchase Price Variance and estimate the annual spend for each commodity within his/her responsibility and provide support of analysis for rest of team
- Conceptualizes and creatse job postings in internet portals
- Resumes mining from Job boards and other external databases
- Has at least 1-2 years relevant experience of working in the telecom industry preferably in a Wireline and/or Wireless access network rollout role, or managing a network category in a procurement setting
- Good knowledge of markets, asset classes and their content requirements
- A good understanding of intellectual property and user provisions as it relates to data redistribution
- SME on sourcing process management
- SME on the key aspects of the RFI/RFP/RFQ
- Good understanding of legal contracts including service level agreements