Strategic Sourcing Specialist
Sumitomo Drive Technologies
Chesapeake, VA
11 2024 - Current
- Lead supplier management activities including supplier evaluation, sourcing selection, contract negotiations, and long-term supplier relationship development for manufacturing materials and services.
- Negotiated pricing, delivery schedules, and service-level agreements (SLAs), contributing to 12% reduction in annual procurement costs.
- Analyze procurement spend data, supplier performance metrics, and market trends to identify sourcing opportunities and category management improvements, resulting in 15% improvement in sourcing efficiency.
- Prepare, review, and execute RFQs/RFPs, supplier bids, purchase agreements, and sourcing contracts in accordance with procurement policies and procedures.
- Collaborate cross-functionally with Engineering, Design, Manufacturing, Finance, Quality, Procurement, and Project Management teams to support sourcing strategies and new product development initiatives, improving project launch timelines by 20%.
- Ensure purchased materials and components meet production timelines, quality requirements, and cost targets while maintaining 98% on-time supplier delivery rate.
- Drive supply base optimization initiatives including SKU reduction, lead time reduction, supplier consolidation, and warranty improvement efforts, reducing lead times by 18% and production shortages by 15%.
- Monitor supplier performance, quality trends, and delivery metrics while implementing corrective actions and supplier development initiatives that improved supplier performance scores by 25%.
- Support new product introductions and part validation processes to ensure successful production launches and supply continuity with zero major supply disruptions.
- Identify supply chain risks and implement mitigation strategies that reduced supplier-related disruptions by 20%.
- Lead value analysis/value engineering (VA/VE) initiatives focused on continuous cost improvement and operational efficiency, generating approximately 10% in material cost savings.
- Maintain compliance with procurement policies, supplier standards, export control regulations, and industry requirements while achieving 100% audit compliance.
- Utilize ERP and procurement systems to manage purchasing activities, supplier communications, procurement reporting, and sourcing documentation, improving procurement tracking accuracy by 30%.