Strategic Sourcing Analyst

Job Overview

Supports the development and execution of commodity strategy for the procurement team and drives the leading indicators like savings pipeline.

Job Requirements

• Supplier Management & Development:
• Identify, evaluate, and onboard new suppliers to support business requirements.
• Conduct supplier audits and performance assessments to ensure quality and reliability.
• Develop and maintain strong supplier relationships to improve lead times, cost, and supply chain efficiency.
• Cost Management & Negotiation:
• Analyze cost structures and negotiate favorable terms for materials and components.
• Support cost-reduction initiatives through competitive bidding, alternative sourcing, and value engineering.
• Collaborate with finance and procurement teams to optimize the sourcing budget.
• Technical & Cross-Functional Collaboration:
• Work closely with engineering, R&D, and manufacturing teams to define sourcing requirements.Ensure suppliers meet technical specifications and quality standards.
• Support new product development by identifying suitable suppliers for prototypes and production.
• Supply Chain Optimization & Risk Mitigation:
• Monitor market trends and risks to ensure a stable and competitive supply chain.
• Develop strategies to mitigate supplier risks related to quality, pricing, and geopolitical factors.
• Optimize sourcing strategies to reduce lead times and ensure on-time delivery.
• Compliance & Documentation:
• Ensure all sourcing activities comply with company policies and industry regulations.
• Maintain supplier contracts, agreements, and related documentation.
• Track and report key performance metrics for supplier performance and cost savings.•
• Demonstrates strong expertise in Microsoft Excel and PowerPoint, with the ability to analyze data effectively, create insightful reports, and deliver impactful presentations to support business decision-making

What your background should look like

• Bachelor’s degree in mechanical engineering, Electrical Engineering, Supply Chain Management, or a related field.
• 7+ years of experience in sourcing, procurement, or supplier management (preferably in automotive, electronics, or manufacturing industries).
• Strong negotiation and analytical skills.
• Experience in working with SAP systems and sourcing tools.
• Knowledge of supplier qualification processes, cost analysis, and risk assessment.
• Familiarity with engineering drawings, specifications, and manufacturing processes.
• Excellent communication, stakeholder management, and problem-solving abilities
• Experience with global sourcing and supplier development. Mechanical commodities include Molding, Metals, Electronics, PCB, CBA, and Cables
• Knowledge of Lean, Six Sigma, or other supply chain optimization methodologies.
• Certification in Supply Chain Management (APICS, CPSM, or equivalent) is a plus.
• Willingness to travel domestically
• Ability to adapt to a flexible work schedule

Competencies