Sourcing Specialist Job Description
Sourcing Specialists are experts who help make the sourcing process of a company or institution more efficient. They do this through building relationships with suppliers, negotiating cost and developing agreements that ultimately help a company grow and become more profitable.
The Sourcing Specialist plays a third party role, advising and consulting their company, making recommendations to upper-level staff members. They can work in a wide variety of industries and settings. Some work on a contract basis.
Sourcing Specialist Duties and Responsibilities
In order to facilitate an efficient sourcing process, a Sourcing Specialist performs many different tasks. We analyzed job listings for Sourcing Specialist in order to identify these core duties and responsibilities.
Build Relationships with Suppliers
In order to facilitate the sourcing process, the Sourcing Specialist forms relationships with important suppliers in the industry. It’s important that Sourcing Specialists maintain relationships with their suppliers in order to ensure continual improvement in sourcing.
Sourcing Specialists are responsible for negotiating deals and contracts with suppliers. They negotiate pricing, quantity, and delivery schedules. Should anything change in the sourcing process, they’re responsible for renegotiating new contracts as well.
The Sourcing Specialist then drafts detailed contracts to be reviewed by both their company and the supplier. They work in conjunction with legal council to include all of the details of their negotiation. Once the contract is complete they submit necessary paperwork and communicating contact deals with their company.
Understand Company’s Commodities
In order to be an expert in the sourcing process for their company, the Sourcing Specialist must have an in-depth knowledge of their commodity industry. They have to understand the ins and outs of the commodity to know how to effectively source it, and they also have to have knowledge of all key players and suppliers in the industry.
Sourcing Specialist Skills
Sourcing Specialists are there to solve problems and increase efficiency, so they must be highly analytical and detail-oriented. In order to successfully negotiate, they also need to be excellent communicators who are persuasive and have great interpersonal skills. Juggling many tasks at once, they’re great at prioritizing and highly organized.
- Having sourcing experience
- Showing industry-specific experience
- Demonstrating deep understanding of commodity
- Showing proficiency in basic computer applications
Advanced skills: While most employers did not require the following skills, multiple job listings included them as preferred. Add these to your Sourcing Specialist toolbox and broaden your career options.
- Master’s degree in Business Administration
- Certified in Production and Inventory Management
- Certified Supply Chain Professional
- International experience
Sourcing Specialist Resources
We searched the Web to find the best industry resources to help you continue exploring a career as a Sourcing Specialist. From thought leaders to industry groups, this list is packed with opportunities to learn, connect and engage.
On the Web
Supply Chain Nation – A large blog from a supply chain company
Supply Chain Management Review – A leading supply chain management blog
Cerasis – A blog on the sourcing and manufacturing process
Council of Supply Chain Management Professionals – A leading professional organization for supply chain professionals
APICS – The biggest association for operations and supply chain professionals
Institute for Supply Management – An institute for supply management professionals
Sourcing Specialist Books
Lean Supply Chain and Logistics Management – A book on streamlining sourcing and supply chains
Essentials of Supply Chain Management – A comprehensive supply chain management resource
Operations and Supply Chain Management – A high-rated textbook on operations and supply chain
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