Sourcing Specialist

Description With a purpose to make tomorrow a little bit better than today for each other, our customers, and our communities, Lube-Tech provides an environment where you can love what you do and be your best every day. What you will enjoy by being a part of a 2024 USA Great Place to Work certified company: A position that is: Salary Full-time Mon-Fri With top-tier benefits starting DAY ONE including: Medical Plan options, including fertility coverage and free mental health and telehealth coverage Dental and Vision Insurance FSA/HSA options Paid parental leave Company-provided short-term disability, long-term disability, and life insurance Supplemental Insurances, including accident, critical illness, hospital, and supplemental life insurance 401(k) with a generous company match Pet Insurance Benefits Tuition reimbursement 21 Paid Days Off 7 Paid Holidays Dress For Your Day (casual dress environment) Work Your Way (hybrid work) - Three days on site with anchor day on Wednesdays HOW YOU WILL CONTRIBUTE TO OUR TEAM (Overview & Key Responsibilities): Lubrication Technologies, Inc. (Lube-Tech) is a leader in providing lubrication and fluid management solutions to customers in various industries, including chemicals, industrial, and manufacturing. We are currently seeking a highly motivated and experienced Sourcing Specialist to join our dynamic team. The Sourcing Specialist will collaborate with other Supply Chain team members as well as other Lube-Tech cross-functional departments to support existing and new business programs, strategic sourcing activities, commodity and purchase category management, supply chain analytics, supplier onboarding and performance management, and cost/margin management. If you are passionate about sourcing and procurement within the petroleum, chemicals, industrial, and manufacturing sectors, then we encourage you to apply. ESSENTIAL DUTIES and RESPONSIBILITIES: Function within the guidelines of the Lube-Tech company values, vision, and mission. Strategic Sourcing: Support Lube-Tech's global strategic sourcing initiatives through researching and evaluating new suppliers, obtaining supplier pricing, logistics costs, and critical supplier item information through the RFQ process. Analyze supplier information to assist the Supply Chain team in making good business decisions. Support new and existing customer commercialization programs. Monitor global supply chain risk and communicate important information internally as needed. Supplier Relationship Management: Collaborate with our Global Sourcing Managers and Buyer/Planners to cultivate strong supplier relationships. This might involve scheduling supplier meetings, coordinating site visits, gathering necessary data for supplier performance management (KPI's) reporting, and maintaining communication channels to ensure smooth interactions between the Lube-Tech Supply Chain team and suppliers. Supplier Setup and Onboarding Process Management: Support new supplier setup and on-boarding within Lube-Tech's operating system. Ensure accurate and up-to-date suppler information, sourcing process documents, and regulatory compliance documentation. Handle ongoing communication with suppliers, addressing internal and external inquiries, resolving issues, and nurturing positive supplier relationships. Supplier and Materials Cost Management: In conjunction with the Global Strategic Sourcing Managers, track supplier cost fluctuations for direct raw materials, as well as other sourced goods and services to contribute to accurate pricing decisions, timely supplier negotiations, and improved cost management across spend categories. Data Analysis and Reporting: Utilize internal and external sources of data to provide supply chain specific reports and recommendations that support the decision-making process critical to Lube-Tech's sourcing strategy. Raw Materials Forecasting: Play a pivotal role in direct raw materials forecasting by analyzing historical consumption, demand patterns, and market trends to create accurate forecasts for raw material sourcing activities. Item Setup and ERP System Maintenance: Collaborate with the Supply Chain and Data Management departments to ensure accurate setup of new items in our operating systems, including, but not limited to, raw material cost, delivery terms, freight cost, and MOQ's. Manage item cleanup within Lube-Tech's operating systems, ensuring that system information is accurate and updated. WHAT YOU NEED TO SUCCEED (Minimum Qualifications): Education: Bachelor's degree in business, supply chain management, or a related field. Experience and/or Training: 1-5 years of experience in domestic and/or international sourcing, commodity management, and purchasing within the petroleum, chemicals, industrial, or manufacturing sectors Experience in supplier onboarding, evaluation, negotiation, and performance management Experience with supply chain contract management Familiar with managing or supporting supply chain projects Strong analytical skills with proficiency in data analysis tools and techniques Excellent written and verbal communication skills Ability to develop and maintain good working relationships with cross-functional groups Knowledge of industry-specific regulations, standards, and best practices Ability to work independently, prioritize tasks, and meet deadlines Experience with ERP systems (JDE, Oracle, SAP) and procurement software Proficient MS Office application skills (Excel, Word, Outlook, PowerPoint, Access) PREFERRED QUALIFICATIONS: License/ Certifications: ASCM CPIM or CSCP certification Knowledge, Skills, and Abilities: Working knowledge with cloud-based communication applications (MS Teams, Zoom, Ring Central) Working knowledge with project management applications (MS Project, Smartsheet) PHYSICAL AND MENTAL DEMANDS: While performing the duties of this job, the employee is frequently required to sit, talk and/or hear, and/or use hands and handle office equipment and supplies. The employee is occasionally required to stand, and/or walk. The employee must occasionally lift and/or move up to 10 pounds while moving files or small packages. Specific vision abilities required by this job include clear close vision. The mental and physical requirements described here are representative of those that must be met by an individual to successfully perform the essential functions of this position. ENVIRONMENTAL DEMANDS: The employee is expected to work from both a Lube-Tech office location and remote work environment with a minimum of three-(3) in-office days per work week. The employee may be required to perform minimal travel (10%) to other Lube-Tech facilities, supplier sites, and/or industry related events as necessary. Where applicable, the employee may be required to wear appropriate Personal Protective Equipment (PPE). The environmental requirements described here are representative of those that must be met by an individual to successfully perform the essential functions of this position. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a... For full info follow application link. Lube-Tech is an Equal Employment Opportunity/Affirmative Action Employer. Qualified applicants including women, minorities, veterans, and individuals with disabilities are encouraged to apply.