Sourcing Analyst

Description:

POSITION SUMMARY

The Sourcing Analyst will be responsible for identifying, evaluating, and selecting suppliers and original equipment manufacturers (OEM)s for MRO market. This role involves analyzing market trends, negotiating contracts, and collaborating with cross-functional teams to ensure the procurement of high-quality tools at competitive prices.

ESSENTIAL FUNCTIONS
Reasonable Accommodations Statement
In order to perform this job successfully, an individual must be able to perform the essential duties outlined below. Reasonable accommodation may be provided to enable qualified individuals with disabilities to perform these essential functions.

Supplier Identification and Evaluation:

• Research and identify potential suppliers & OEMs.
• Evaluate supplier capabilities, reliability, and quality standards.
• Negotiation and Contracting.
• Negotiate pricing, terms, and conditions with suppliers.
• Draft and review contracts to ensure compliance with company policies.

Market Analysis:

• Monitor industry trends and market conditions for hand and power tools.
• Analyze cost structures and recommend cost-saving opportunities.

Collaboration:

• Work closely with the procurement team to align sourcing strategies.
• Collaborate with stakeholders to understand tool requirements.

Quality Assurance:

• Establish and monitor quality standards for products supplied.
• Address and resolve any quality issues with suppliers & OEMs.

Requirements:

COMPETENCIES

• Attention to detail and accuracy
• Problem solving and analytical skills
• Strong communication and interpersonal skills
• Adaptability and process improvement mindset
• Strong negotiation and contract management skills
• Knowledge of market trends and cost structures for tools.

EDUCATION AND EXPERIENCE

• Bachelor’s degree in related field preferred
• Proven experience as a Sourcing Analyst, preferably in the hand and power tools industry.

COMPUTER SKILLS

• Proficiency in Microsoft Office Suite (especially Excel)
• Experience with Sourcing software

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to stand, walk; sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. Specific vision abilities required by this job include close vision, distance vision, color vision and the ability to adjust focus. Also requires the ability to lift up to 10 pounds.

WORK ENVIRONMENT

This job operates in a professional office environment. This role routinely uses standard office equipment.

EQUAL OPPORTUNITY EMPLOYER

Wright Tool Company provides equal employment opportunities to all employees and applicants without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected category.

• EEO Poster
• FMLA Rights
• Employee Polygraph Protection

The Company has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and the Company reserves the right to change this job description and/or assign tasks for the employee to perform, as the Company may deem appropriate.