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Strategic Sourcing Specialist - job 1 of 2

The company is seeking a Strategic Sourcing Specialist who will be responsible for developing, leading, and implementing sourcing strategies for operational spend categories. The successful candidate will analyze third-party spend, identify sourcing opportunities, evaluate market conditions, and negotiate agreements that contribute to cost-saving initiatives.


Position Qualifications
  • Bachelor’s degree in supply chain management, logistics, engineering, or business administration.
  • 3-5 years of experience in strategic sourcing and category management supporting operations.
  • Extensive knowledge of strategic sourcing and procurement processes and methodologies.
  • Proven experience in developing sourcing strategies, particularly in MRO and maintenance service categories.
  • Experience in preparing and reviewing contracts and negotiating terms.
  • Proficiency in contract formation and administration.
  • Strong negotiation skills with a track record of delivering value and results.
  • Business analysis, market research, financial analysis, and should-cost models expertise.
  • Strong written and verbal communication skills, with the ability to produce clear and well-organized documents.
  • Ability to multitask, manage time, and prioritize tasks effectively.
  • Proficient in Microsoft Office (Excel, Word, PowerPoint).
  • Proficient in SAP.


$90,000 - $105,000 a year
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CEO of Latitude Inc
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Dean Robbins
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Average salary estimate

$97500 / YEARLY (est.)
min
max
$90000K
$105000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Strategic Sourcing Specialist, Latitude Inc

Are you ready to take your career to the next level as a Strategic Sourcing Specialist with a dynamic company based in Houston, TX? In this position, you'll be the driving force behind developing and implementing innovative sourcing strategies that enhance our operational spend categories. You will become a master at analyzing third-party spending, pinpointing sourcing opportunities, and evaluating the competitive market conditions. Your negotiation skills will shine as you form agreements that are not only beneficial but also contribute to our overarching cost-saving initiatives. With a Bachelor’s degree in fields like supply chain management or business administration and 3-5 years of related experience under your belt, you’ll leverage your extensive knowledge of strategic sourcing processes to develop winning strategies. Strong fluency in contract administration, adeptness at managing multiple projects, and proficiency in tools like Microsoft Office and SAP are all integral to your success in this role. Join our team, where your workplace will be one of collaboration, innovation, and growth, with a competitive salary ranging from $90,000 to $105,000. If you're passionate about making an impact in sourcing and procurement, we would love to hear from you!

Frequently Asked Questions (FAQs) for Strategic Sourcing Specialist Role at Latitude Inc
What are the key responsibilities of a Strategic Sourcing Specialist at this company?

As a Strategic Sourcing Specialist at our company, you will be primarily responsible for developing and implementing effective sourcing strategies for various operational spend categories. Your duties include analyzing third-party spending, identifying new sourcing opportunities, evaluating market conditions, and negotiating agreements to achieve cost-saving initiatives.

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What qualifications are required for the Strategic Sourcing Specialist position?

To qualify for the Strategic Sourcing Specialist role, candidates should possess a Bachelor’s degree in supply chain management, logistics, engineering, or business administration. Additionally, 3-5 years of relevant experience in strategic sourcing and category management is essential. Comprehensive knowledge of procurement processes and methodologies is also key.

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What tools and software should a Strategic Sourcing Specialist be proficient in?

A successful Strategic Sourcing Specialist should be proficient in Microsoft Office applications, especially Excel, Word, and PowerPoint. Familiarity with SAP and contract formation and administration will also greatly benefit candidates, enabling them to excel in managing sourcing strategies effectively.

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What skills are necessary for success as a Strategic Sourcing Specialist?

Key skills for a Strategic Sourcing Specialist include strong negotiation capabilities, effective written and verbal communication, and the ability to perform business analysis and market research. You should also be adept at multitasking and managing time effectively to prioritize tasks efficiently.

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What is the salary range for a Strategic Sourcing Specialist in Houston, TX?

The salary for a Strategic Sourcing Specialist at our company ranges from $90,000 to $105,000 annually. This competitive compensation reflects the importance of this role in driving cost-saving initiatives and building effective sourcing strategies.

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Common Interview Questions for Strategic Sourcing Specialist
Can you describe your experience with developing sourcing strategies?

In answering this question, provide specific examples of sourcing strategies you've designed and implemented in the past, focusing on objectives, outcomes, and the impact on cost savings or operational efficiency.

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How do you evaluate market conditions to inform your sourcing decisions?

Highlight your approach to researching market trends, analyzing supplier performance, and considering economic factors that could affect pricing and availability, demonstrating that you understand the importance of these elements in strategic sourcing.

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What negotiation techniques do you find most effective?

Share techniques such as preparation and planning, active listening, and understanding the counterpart's position. Providing an example of a successful negotiation can emphasize your skills.

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How do you manage multiple sourcing projects simultaneously?

Discuss your time management strategies and tools, such as prioritizing tasks or using project management software, to effectively handle concurrent projects without compromising quality.

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Can you provide an example of a challenging sourcing situation you faced and how you resolved it?

Be prepared to talk about a specific challenge, detailing the issue, your thought process, the actions you took, and the successful outcome, showcasing your problem-solving abilities.

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What factors do you consider when analyzing third-party spending?

Mention aspects like supplier performance, pricing trends, historical data, and how these metrics help identify opportunities for cost savings and process improvements.

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Describe your experience with contract administration.

Detail your familiarity with drafting, reviewing, and negotiating contracts, and emphasize your understanding of the legal and business implications of contract terms.

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How do you ensure effective communication within your team and with stakeholders?

Highlight the importance of clarity and regular updates, utilizing tools for transparency, and encouraging feedback which can foster collective decision-making and relationship-building.

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What steps do you take to research potential suppliers?

Explain your process for gathering supplier information, conducting audits, and soliciting references to validate qualifications and capabilities, showing you place emphasis on thorough due diligence.

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Why are you interested in the Strategic Sourcing Specialist position at our company?

Share your enthusiasm for the company's mission and values, as well as how your skills and experiences align with the company's goals in terms of optimizing sourcing and procurement strategies.

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Latitude is a Human Resource Consulting Firm headquartered in Hanover, MD with branch offices in Hunt Valley, MD and Winter Park, FL. Latitude provides consulting services to a wide range of industries in both the Private and Public Sectors. We ar...

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Full-time, on-site
DATE POSTED
March 14, 2025

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