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- Tasks: Negotiate with suppliers and optimise sourcing strategies for best results.
- Company: Dynamic company focused on innovative sourcing solutions.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to develop expertise and influence key business decisions.
- Why this job: Make an impact by driving cost savings and enhancing supplier relationships.
- Qualifications: Bachelor’s degree or relevant experience in Sourcing and Commodity Management.
The predicted salary is between 40000 - 50000 £ per year.
Negotiate with dedicated providers according to specific policies. Achieve the best contractual conditions while also ensuring internal customer satisfaction. In-depth understanding of key business drivers; uses this understanding to accomplish own work. In-depth understanding of how work of own team integrates with other teams and contributes to the area.
Roles and Responsibilities:
- Define and implement supplier strategy, including supplier panel management, performance optimization, and rationalization.
- Lead commercial negotiations with suppliers and allocate sourcing requirements accordingly.
- Negotiate terms and conditions in alignment with company policies and coordinate with Procurement for contract finalization and execution.
- Manage supplier claims and commercial escalations to ensure timely resolution and risk mitigation.
- Drive commercial sourcing activities, including cost analysis, benchmarking, negotiation preparation, and total cost modeling.
- Deliver cost savings and cost avoidance initiatives while ensuring optimal Total Cost of Ownership (TCO).
- Develop in-depth expertise within the assigned sourcing/commodity area and apply functional policies and strategies effectively.
- Communicate effectively with cross-functional stakeholders regarding sourcing strategies, supplier performance, and commercial outcomes.
- Provide informal guidance and knowledge sharing to new team members.
- Influence projects, processes, and procedures within the discipline, operating with a moderate level of autonomy.
- Exercise professional judgment in decision-making, seeking senior guidance where required.
- Utilize analytical thinking and technical expertise to solve complex sourcing and supplier-related challenges.
- Collaborate with internal stakeholders across functions to support informed commercial decisions.
- May support operational purchasing activities where required.
Requirements/Qualifications:
- Bachelor’s degree from an accredited university or college or alternatively a high school diploma with substantial relevant experience.
- Major experience in Sourcing and Commodity Management.
- MCIPS qualification (completed or in progress).
- Strong verbal and written communication skills.
- Demonstrated analytical and problem-solving capabilities.
- Ability to plan, document, and execute sourcing strategies and programs effectively.
- Established project management skills with the ability to manage multiple priorities.
- Strong stakeholder management and negotiation skills.
Relocation Assistance Provided: No
Sourcing Specialist employer: GE Vernova
Contact Detail:
GE Vernova Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sourcing Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the sourcing and procurement field. Attend industry events or webinars, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by researching the company and its suppliers. Understand their sourcing strategies and be ready to discuss how you can contribute. We want you to show off your analytical skills and negotiation prowess – make them see why you’re the perfect fit!
✨Tip Number 3
Practice your negotiation skills! Role-play with a friend or mentor to get comfortable discussing terms and conditions. We believe that being confident in these discussions can really set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged. Let’s get you that sourcing specialist role!
We think you need these skills to ace Sourcing Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Sourcing Specialist role. Highlight your experience in sourcing and commodity management, and don’t forget to mention any relevant qualifications like MCIPS. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about sourcing and how your background makes you a perfect fit for our team. Keep it concise but impactful – we love a good story!
Show Off Your Analytical Skills: Since this role involves a lot of analytical thinking, make sure to showcase your problem-solving capabilities in your application. Give examples of how you've tackled complex sourcing challenges in the past – we want to see your thought process!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the StudySmarter family!
How to prepare for a job interview at GE Vernova
✨Know Your Sourcing Strategies
Before the interview, brush up on your knowledge of supplier strategies and performance optimisation. Be ready to discuss how you would define and implement these strategies in real-world scenarios. This shows that you understand the role and can think critically about the challenges involved.
✨Prepare for Negotiation Scenarios
Expect to be asked about your negotiation experience. Prepare specific examples where you've successfully negotiated terms and conditions. Highlight your approach to achieving the best contractual conditions while ensuring satisfaction for all parties involved.
✨Showcase Your Analytical Skills
Since the role requires strong analytical thinking, come prepared with examples of how you've used data to drive sourcing decisions. Discuss any cost analysis or benchmarking projects you've worked on, and how they contributed to cost savings or improved supplier performance.
✨Communicate Effectively
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely. Be ready to explain how you would communicate sourcing strategies and supplier performance to cross-functional stakeholders, as this will demonstrate your ability to collaborate and influence others.