Sourcing Specialist

JOB OVERVIEW

The Sourcing Specialist is responsible for identifying, evaluating, and securing suppliers to support new business initiatives. This role works cross-functionally with sales, finance, operations, and procurement to develop cost-effective sourcing strategies that enable the company to pursue new customers, products, and programs. The position plays a critical role in evaluating supplier capabilities, negotiating pricing, and establishing supply chains for emerging opportunities.

RESPONSIBILITIES:

Essential Functions:

Supplier Identification & Development

• Identify and evaluate potential suppliers for new product categories and customer programs.

• Conduct supplier capability assessments, including quality, capacity, cost structure, and lead times.

• Develop and maintain a pipeline of qualified suppliers across key product categories.

• Consistently navigating the supplier framework for capabilities and recent initiatives that change the landscape of the Nutraceutical space.

New Business Support

• Partner with Account Managers and Business Development teams to support new customer opportunities.

• Source and evaluate materials and components required for new programs.

• Develop cost comparison strategies to evaluate new product opportunities.

Pricing & Cost Management

• Request, analyze and compare supplier quotations.

• Negotiate pricing, payment terms, and supply agreements.

• Identify cost reduction opportunities through supplier competition, volume consolidation, and alternative sourcing strategies.

Supply Chain Strategy

• Establish sourcing strategies that balance cost, lead time, risk, and scalability.

• Work with operations and production teams to ensure suppliers meet Multi-Pak requirements.

• Support sourcing decisions related to new product launches and production ramp-ups.

Contract & Supplier Relationship Management

• Negotiate supply agreements and commercial terms.

• Develop long-term supplier relationships for strategic product categories.

• Monitor supplier performance and address quality, delivery, or cost issues.

Cross-Functional Collaboration

• Work closely with procurement, finance, engineering, and operations teams.

• Provide sourcing insights to support customer quoting and financial modeling.

• Support transition from sourcing to procurement once programs are awarded.

QUALIFICATION REQUIREMENTS:

• Bachelor’s degree in Commerce, Business Administration, Accounting, Finance, Supply Chain & Logistics

• 5+ years of relevant experience in Supply Chain, Supply Planning, or Demand Planning areas

• Experience sourcing new products or business opportunities

• Solid communication and presentation skills

• Advanced technical /computer skills – Excel, PowerPoint

• Strong quantitative and analytical skills 

• Strong Collaboration Skills

• Strong negotiating skills, time management & organization skills

• Manages multiple priorities effectively

• Excels both within a team environment & works with minimal supervision

• Ability to communicate in a professional manner via e-mail, phone or personally in a corporate setting.