Sourcing Specialist - Minneapolis, United States - Graco

Description

Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials.

What does that mean? Well, we pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and the screen on your phone.

We spray the finish on your vehicle, coatings on your pills, the paint on your house and texture on your walls.

Graco is part of your daily life.

Graco is seeking a Sourcing Specialist to join the Strategic Sourcing team who will be responsible for managing supplier relationships, developing sourcing strategies, and overseeing contract management to drive cost reduction and enhance process efficiency.

This role involves proactive engagement with suppliers, leading RFPs, and supporting negotiations with senior Strategic Sourcing team members.


Responsibilities:

Supplier Management:

Establish and maintain strong relationships with key suppliers, monitor performance against established metrics and KPIs, and addressing any performance issues proactively.

Implement supplier performance management programs, helping to conduct supplier business reviews and approved supplier list publications.


Supplier Identification and Evaluation:
Conduct market research and analysis to identify potential suppliers.
Evaluate supplier proposals and negotiate favorable terms and conditions.
Support Category Managers in creating content and presentations to inform internal stakeholders of sourcing decisions, strategy, and implementation.


Procurement Execution:
Coordinate with internal departments such as production, engineering, and office staff to determine procurement needs and specifications.

Escalation for Associate Sourcing Specialists related to purchase order management, invoice management, shipments, and late deliveriesWorks on executing specific strategies and projects devised by the Category Manager, ensuring alignment with category goals, while reporting direct to the Sourcing Manager.

Negotiation & Contracting:
Assist Senior Sourcing Specialists and Category Managers in negotiation of contracts and agreements with suppliers.
Review and summarize contracts to inform sourcing professionals of the impact to the business and stakeholders.


Requirements & Skills:

Bachelor's degree in Supply Chain Management, Engineering, Economics, or related field (or equivalent relevant experience with 3+ years of relevant experience).Proven experience in conducting market research, supplier selection, and contract negotiation.

Indirect sourcing experience in goods and services.
Strong understanding of cost analysis and cost reduction techniques.
Excellent negotiation and communication skills with internal and external stakeholders.

Experience with sourcing tools, cost breakdowns, and technologies (e.g., spend analytics)#LI-AI1Power to BeAt Graco, the Power to Be means providing the support, resources and freedom to pave your own way.

Bring your unique attributes to the table, along with a commitment to being your best self, and you can be a part of a culture that rewards effort, celebrates uniqueness, and gives you the tools you need to succeed and become your best, fullest self along the way.

Our culture empowers employees to chart their own career path. Our managers provide support and opportunities while offering freedom for employees to find their own Power to Be.

Whether you decide to move up within the same department or expand to another cross-functional group, you will gain the well-rounded experience to succeed on your own terms.

Graco has excellent opportunities available to individuals who want to be part of a fast-moving, growing company that is committed to quality, innovation and solving fluid handling problems for our customers.

Graco is proud to be named a Best Place to Work by Fortune Magazine in 2016, 2018, 2019, 2021 & 2022.

Graco offers attractive compensation, benefits and career development opportunities. Graco's comprehensive benefits include medical, dental, stock purchase plan, 401(k), tuition reimbursement and more.
Our company uses E-Verify to confirm the employment and eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit Quality. Leading Technology. Launch your career with Graco#J-18808-Ljbffr