Sourcing Specialist Iii

3 weeks ago

Mississauga, Canada Thermo Fisher Scientific Full time

Customers globally rely on our extensive range of products and services—

from life-saving medicines to lab essentials to next-generation instruments. Our Operations team leverages our PPI (Practical Process Improvement Business System) to manufacture and produce these products and continuously improve productivity and quality all while contributing to our Mission - to enable our customers to make the world healthier, cleaner and safer.

As part of the Thermo Fisher Scientific team, you’ll discover meaningful work that makes a positive impact on a global scale. Join our colleagues in bringing our Mission to life every single day to enable our customers to make the world healthier, cleaner and safer. We provide our global teams with the resources needed to achieve individual career goals while helping to take science a step beyond by developing solutions for some of the world’s toughest challenges, like protecting the environment, making sure our food is safe or helping find cures for cancer.

Sourcing Specialist will be responsible for sourcing and securing of materials for the Drug Products Division inside the Pharma Services Group. They will be required to identify risk, reduce cost, and implement new sources of material to minimize financial and operational risk to the business.

Sourcing Specialist performs all functions needed to ensure the lowest total cost of purchased materials and services for a site. The purpose is to balance the objectives of maximum product availability with strategic inventory plans.

Sourcing Specialist participates in negotiations and projects to implement proactive procurement philosophies, strategies, policies, and procedures for successful integration into multiple business plans across various corporate departments.

Sourcing Specialist will be responsible for identifying, negotiating and implementing cost savings initiatives working with cross-functional teams. A history of strong project management and relationship building skills are critical to this position.

Sourcing Specialist will be responsible for preparing data and analyzing cost trends, external and internal key performance metrics, and proposing process improvement and the generation or management of key reports, metrics, and projects. This is a service position and is responsive to the needs of internal and external (suppliers) customers.

**Responsibilities**:
**The Sourcing Specialist must support the local procurement team in the following activities**:

- Maintain continuous material availability and minimize inventory.
- Negotiate availability and cost of materials from external suppliers. Solicit quotations for materials and services, analyze bids for specification compliance, pricing, delivery commitments, and evaluate the sources to ensure they can sustain providing secure supply chain model
- Manage cost savings projects and work with cross-functional teams to drive cost savings to completion.
- Manage supplier relationships, at all times monitoring supplier performance to ensure compliance with contractual obligations.
- Manage supplier relationships, looking for new innovative solutions and products to cement supply chain flexibility.
- Support supplier risk mitigation activities at all times working on highlighting risk to the organization and implementing long term and short term strategies to avoid revenue risk to the company.
- Support New Product Introduction activities by sourcing raw materials that meet customer specification.
- Participate in purchasing performance metrics, reporting and improvement opportunities.
- Support continuous improvement and operational excellence processes.
- Complete special projects as assigned and provide manager support as the need arises.
- This position may be required to perform other related duties as required and/or assigned.

Minimum Requirements/Qualifications:

- Bachelors degree desired with 5+ years experience, or a High School diploma with combined 10+ years of experience
- Previous experience in procurement and supply chain. Experience in sourcing of new materials to mitigate supply chain risk. Additional experience in planning, manufacturing, quality, or engineering fields desired.
- SAP working knowledge is essential.
- Computer proficiency required in Outlook, Powerpoint, and Word.
- Intermediate Excel capabilities required
- MRP knowledge and ERP experience in a manufacturing environment.
- Knowledge of procurement processes and strategic supplier management required.
- Ability to manage project execution of cost saving, sourcing and inventory management programs
- Demonstrated negotiating experience and results required.
- ISO or equivalent system and change control (FDA, cGMP) experience required.
- Operational Environment knowledge desired.
- Anticipate needs and problems while creating solutions.
- Demonstrates a sense of urgency, contagious optimism and a “can do” attitude.
- Is curious, inquisitive, innovative, never satisfied

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