About this role
As a Sourcing Specialist, you will play a critical role in the procurement process, responsible for identifying, evaluating, and negotiating with suppliers to secure the best possible terms for the goods and services essential to our operations. Your focus will be on building strong relationships with suppliers, ensuring quality, cost-effectiveness, and timely delivery to support Group O’s strategic goals. The ideal candidate is a meticulous, strategic, and ethical professional with a proven record in procurement and supplier management. They are adept at negotiation, have strong analytical capabilities, and excel in building relationships. This individual is adaptable, initiative-taking, and committed to continuous improvement, making them an asset to the procurement team and the organization. Essential Functions: Identify potential suppliers through market research, industry networks, and trade shows. Evaluate suppliers based on quality, cost, reliability, and delivery capabilities. Negotiate terms and conditions, including pricing, delivery schedules, and payment terms to achieve the best value for the company while maintaining quality standards. Manage documentation related to suppliers and quotes and regulatory compliance. Monitor supplier performance through key performance indicators (KPIs) and metrics. Address and resolve any issues related to quality, delivery, or cost. Setup and maintain item information, supplier information, and load and maintain supplier costs in the Enterprise Resource Planning (ERP) system. Collaborate closely with internal teams to align sourcing strategies with business needs and objectives. Identify opportunities for process improvements in the sourcing and procurement cycle, leveraging industry best practices and innovative solutions. Stay informed about market trends, pricing fluctuations, and supply chain innovations to proactively adjust sourcing strategies.