Sourcing Specialist at SKG Properties

ROLE OVERVIEW

• The Sourcing Specialist will be responsible for identifying and procuring goods and services that meet the companys requirements. This role involves conducting market research, evaluating suppliers, negotiating contracts, and managing supplier relationships to ensure the best value for the company. The Sourcing Specialist will work closely with internal stakeholders to understand their needs and ensure that procurement activities align with the companys strategic goals.

RESPONSIBILITIES:

• Market Research:
• Conduct thorough market research to identify potential suppliers and assess market conditions.
• Analyze market trends and conditions to understand the impact on supply and demand.
• Supplier Evaluation:
• Evaluate and select suppliers based on quality, cost, and reliability.
• Conduct supplier audits and assessments to ensure compliance with company standards.
• Contract Negotiation:
• Negotiate contracts and agreements with suppliers to secure the best terms and conditions.
• Ensure that all contracts comply with legal and regulatory requirements.
• Procurement Process Management:
• Manage the end-to-end procurement process, from requisition to purchase order.
• Ensure timely and accurate processing of purchase orders and delivery of goods and services.
• Supplier Relationship Management:
• Build and maintain strong relationships with key suppliers.
• Monitor supplier performance and address any issues or concerns.
• Develop and implement strategies to improve supplier performance and collaboration.
• Cost Management:
• Identify cost-saving opportunities and implement initiatives to reduce procurement costs.
• Analyze spend data to identify areas for improvement and optimization.
• Stakeholder Collaboration:
• Work closely with internal stakeholders to understand their procurement needs and requirements.
• Provide guidance and support to stakeholders on procurement best practices.
• Facilitate cross-functional collaboration to drive procurement initiatives.
• Compliance and Risk Management:
• Ensure compliance with company policies, procedures, and regulatory requirements.
• Identify and mitigate risks associated with procurement activities.
• Maintain accurate records and documentation for audit purposes.
• Continuous Improvement:
• Stay updated on industry trends and best practices in procurement.
• Implement process improvements to enhance efficiency and effectiveness.
• Participate in special projects and initiatives as required.

REQUIREMENTS:

• Bachelors degree in Supply Chain Management, Business Administration, or a related field.
• Minimum of 3 years of experience in procurement or sourcing.

SKILLS:

• Strong negotiation and contract management skills.
• Excellent analytical and problem-solving abilities.
• Proficiency in procurement software and tools.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Knowledge of relevant regulations and compliance requirements.