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Sourcing Specialist
2 weeks ago
**Role Overview**:
**About Us**:
**Benefits and Perks**:
- Competitive compensation, vacation, profit share, and equity package- 100% employer-paid extended benefits - health and dental- Employee Assistance Program- 125% RRSP matching (10% of salary, up to a maximum of $10k/yr)- Employee product discounts
- Transportation Reimbursement
**In this role, you will**:
- Collaborate with internal teams, such as Brand, Consumer Products, Finance, Operations, and Quality, to understand and meet sourcing needs.- Identify suppliers based on quality, cost, regulatory, and delivery performance.- Prepare and issue RFx documents and ensure clarity in specifications and requirements.- Evaluate and select suppliers by conducting thorough due diligence, assessing reliability, production capabilities, and adherence to quality and ethical sourcing standards.- Negotiate pricing, terms, and contracts with suppliers to optimize value and minimize risk.- Monitor and evaluate supplier performance against key performance indicators (KPIs) and contractual obligations and maintain strong, long-term relationships to ensure consistent supply.- Conduct regular performance reviews with suppliers to discuss achievements, challenges, and areas for improvement.- Assess potential risks in the supply chain and develop mitigation strategies to minimize disruptions.
- A Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or a related field is required. A Master’s degree in a relevant area is advantageous.- At least 3 years of experience in procurement or sourcing, with a specific focus on sourcing new products.- Proven track record in developing and executing sourcing tactics that have led to the introduction of high-quality consumer products.- Understanding of procurement and sourcing regulations, product quality standards applicable in North America, and awareness of the global regulatory landscape affecting sourcing activities.- Experience in drafting, negotiating, and managing long-term vendor agreements, ensuring compliance with contractual obligations and performance metrics.
- Unwavering commitment to honesty, integrity, and strong moral and ethical principles in all procurement activities
**Skills to have**:
- Strong negotiation skills, with experience in negotiating with suppliers to secure beneficial terms and ensure product quality and compliance.- Strong communication and interpersonal skills, capable of effectively engaging with suppliers and collaborating internally with cross-functional teams- Strong organizational skills and meticulous attention to detail in reviewing contracts and procurement documentation, as well as the ability to manage multiple sourcing projects simultaneously.- Proficiency in procurement software platforms (e.g., SAP Ariba, Oracle Procurement Cloud, Coupa) to manage sourcing cycles efficiently.- Financial analysis skills, including cost modeling and total cost of ownership (TCO) analysis, to identify cost-saving opportunities.
- Ability to conduct comprehensive evaluations of potential suppliers, considering quality, cost, reliability, and capacity, as well as sustainability and ethical practices.
