Strategic Sourcing Specialist

JOB DESCRIPTION

• Under general direction, supports strategic sourcing initiatives, supplier engagement activities, and competitive procurement events across Commercial Services and other indirect procurement categories. Responsible for coordinating sourcing projects, conducting market and commercial analyses, supporting RFP activities, and facilitating stakeholder engagement throughout the sourcing lifecycle.
• The Strategic Sourcing Specialist acts as an operational and analytical partner to category managers and business stakeholders, helping deliver sourcing projects from initiation through supplier selection and contract execution.

Strategic Sourcing Specialist, Commercial Services

Job Family Summary

• Supports the development and execution of strategic sourcing initiatives across Commercial Services and indirect spend categories. Partners with stakeholders and sourcing managers to identify supplier solutions, conduct market research, manage competitive sourcing events, and deliver procurement outcomes that generate business value. Utilizes market intelligence, supplier insights, spend analysis, and commercial evaluation techniques to support sourcing decisions, supplier selection, and contract negotiations.
• The role serves as a key contributor to sourcing projects while ensuring compliance with procurement processes, policies, and governance requirements.

Position Summary

• Under general direction, supports strategic sourcing initiatives, supplier engagement activities, and competitive procurement events across Commercial Services and other indirect procurement categories. Responsible for coordinating sourcing projects, conducting market and commercial analyses, supporting RFP activities, and facilitating stakeholder engagement throughout the sourcing lifecycle.
• The Strategic Sourcing Specialist acts as an operational and analytical partner to category managers and business stakeholders, helping deliver sourcing projects from initiation through supplier selection and contract execution.

Key Responsibilities

Strategic Sourcing Support

• Support strategic sourcing initiatives across indirect spend categories, including Commercial, Medical, Meetings and Events, Travel, and other professional services.
• Conduct market research and supplier assessments to identify qualified suppliers and industry trends.
• Analyze supplier capabilities, commercial offerings, pricing structures, and market intelligence to support sourcing decisions.
• Assist with supplier evaluations, negotiations, contract development, and procurement recommendations.
• Support the execution of category strategies and sourcing plans developed by procurement leadership.
• Maintain sourcing documentation, supplier records, and procurement project files.

RFP & Competitive Sourcing Execution

• Obtain and validate supplier contact information.
• Prepare, distribute, and manage Confidential Disclosure Agreements (CDAs) and related sourcing documentation.
• Coordinate the issuance of RFIs, RFPs, and RFQs to selected suppliers.
• Develop supplier evaluation scorecards and assessment criteria.
• Manage supplier communications and facilitate the sourcing event Q&A process.
• Coordinate supplier presentations, demonstrations, and evaluation sessions.
• Compile and organize supplier responses for stakeholder review.
• Perform commercial analysis, pricing comparisons, benchmarking, and bid evaluations.
• Support recommendation development through data analysis and objective evaluation methodologies.
• Assist in preparing sourcing summaries, executive presentations, and procurement recommendations.

Analytics & Reporting

• Perform spend analysis and supplier research to identify sourcing opportunities and market trends.
• Collect, analyze, and summarize supplier proposals and commercial data.
• Develop reports, dashboards, scorecards, and sourcing project metrics.
• Support procurement savings tracking and sourcing pipeline reporting.
• Provide analytical support for supplier and category reviews.

Stakeholder & Supplier Coordination

• Coordinate sourcing activities across suppliers and internal stakeholders.
• Schedule and facilitate sourcing meetings, supplier presentations, and evaluation workshops.
• Support stakeholder engagement throughout sourcing projects.
• Serve as a point of contact for supplier questions and sourcing event administration.
• Ensure sourcing activities are completed in accordance with procurement policies and procedures.

Qualifications

• Bachelor's degree in Business, Supply Chain, Finance, Economics, Marketing, or a related discipline.
• 3-5 years of experience in strategic sourcing, procurement, supplier management, category management, supply chain, finance, or related business functions.
• Experience supporting competitive sourcing events, including RFPs, RFIs, and supplier evaluations.
• Strong analytical, organizational, and project coordination skills.
• Advanced proficiency in Excel, PowerPoint, and procurement analytics.
• Experience evaluating supplier proposals and commercial models.
• Strong communication and stakeholder management skills.
• Procurement certifications (CPSM, CPM, CIPS, or equivalent) are preferred