Senior Sourcing Specialist
Location
Waterloo, ON | Canada
Job description
Your new company
Hays Specialist Recruitment has partnered with a leading computer software company based in Waterloo and Richmond Hill. We are currently hiring a Senior Sourcing Specialist to join their team on a 12 Month Contract basis. This candidate will have the option to work either at their Richmond Hill or Waterloo location on a hybrid working model (3 days in office).
Your new role
- Continuously monitor and analyze global spend data, identify cost-saving opportunities, and implement measures to reduce expenses while maintaining service levels.
- Identify & execute on opportunities for vendor consolidation.
- Develop and implement sourcing strategies for indirect spend categories to optimize supplier relationships, drive cost savings, and improve operational efficiency.
- Conduct supplier evaluations, analyze supplier capabilities, negotiate contracts, and select suppliers based on cost, quality, delivery, and service requirements.
- Applying knowledge of commercial contract law and organizational policies, practices, and requirements to assess, plan and negotiate the best terms and conditions and to minimize risk.
- Collaborate with internal stakeholders, including cross-functional teams, to understand requirements and provide support in sourcing initiatives.
- Build and maintain strong relationships with stakeholders to ensure needs are met.
- Stay up to date with market trends, supplier capabilities, industry best practices, and emerging technologies in the indirect procurement space, leverage this knowledge to inform sourcing decisions and drive innovation.
- Monitor supplier performance, work with Vendor Managers to resolve any issues or disputes and drive continuous improvement through regular performance reviews and supplier scorecards.
- Identify opportunities for process improvement within the procurement function, suggest and implement enhancements to streamline sourcing activities, increase efficiency, and reduce cycle times.
What you'll need to succeed
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field. Professional designation/certification in Supply Chain Management (PMAC SCMP / CPP, ISM) or PMP is a plus.
- Proven experience as a Sourcing Specialist or a similar role in procurement, preferably in the tech sector with a focus on indirect spend management and vendor consolidation on a global scale.
- Strong understanding of procurement processes, contract management, and supplier relationship management.
- Excellent analytical and problem-solving skills, with the ability to leverage data to drive decision-making.
- Ability to take initiative in recognizing data issues/concerns or areas where improvements could be made.
- Previous experience working in the Tech and/or Finance industry would be a strong asset.
- Demonstrated negotiation and communication skills, with the ability to build relationships and influence stakeholders.
- Advanced digital literacy including proficiency in using procurement tools such as Ariba, and enterprise resource planning (ERP) systems such as SAP and NetSuite.
- Knowledge of market trends, sourcing best practices, and emerging technologies in the indirect procurement space.
What you'll get in return
The opportunity to work for a global organization and a leader in the technology industry.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion on your career.
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