A New Jersey-based pharmaceutical organization is currently seeking a new Sourcing Analyst III for a promising opportunity with their growing staff. In this role, the Sourcing Analyst III will be responsible for supporting the procurement and strategic sourcing projects of the organization, including analyzing data related to supplier performance, cost, and market trends.
Responsibilities:
- Conduct market research to identify potential suppliers, market trends, and pricing benchmarks
- Support supplier selection, performance evaluations, and relationship management
- Assist in the development and implementation of sourcing strategies that align with business objectives
- Identify cost-saving opportunities through negotiations, alternative sourcing options, and process improvements
- Assist in negotiating contracts with suppliers, including terms, pricing, and service levels
- Ensure all sourcing activities are in compliance with company policies and legal regulations
- Prepare reports on supplier performance, market trends, and sourcing activities for management
- Work closely with cross-functional teams including supply chain, finance, operations, and legal to ensure alignment of sourcing strategies
- Perform other duties, as needed
Qualifications:
- Bachelor's degree in Supply Chain Management, Business, Finance, or related field.
- 5+ years of experience in Indirect Sourcing, Procurement, or Supply Chain Project Management roles
- Knowledge of Procurement processes, Contract Management, and Supplier Negotiations
- Excellent communication and interpersonal skills
- Detail-oriented with strong organizational abilities
- Ability to work in a fast-paced, dynamic environment
- Proficiency in Sourcing tools and technologies
Desired Skills:
- Certification in Procurement (e.g., CPSM, CIPS)
- Experience with Strategic Sourcing or Category Management
- Knowledge of Supply Chain sustainability practices
- Familiarity with ERP systems, preferably Oracle