Strategic Sourcing Specialist

Have you ever used the self-checkout in a Walmart Played the slots at an Aria Casino? Maybe you grabbed a drink from a vending machine or paid to park your car? If you’ve answered with a resounding “YES”, then you’ve done so with the aid of one of the 10 million devices designed and manufactured by Crane Payment Innovations (CPI).

We make the technology that powers your everyday life, enabling more than 4 billion transactions every week in more than 143 currencies worldwide. From cash and coins to cards and mobile, we keep the world of payments moving with smart validation devices and business management software.

Headquartered in Malvern, PA, CPI is supported by: >2,500 global associates, 7 manufacturing sites, 12 corporate offices and 43 service branches.

What You’ll Be Doing – Key Responsibilities

• Sourcing & Supplier Selection

• Lead sourcing for new product launches

• Analyze quotes, select suppliers with Commodity team

• Ensure cost targets and timelines are met while ensuring compliance with new product inventory purchase guidelines

• Supplier Negotiations

• Negotiate pricing, delivery, and terms for key components

• Handle mid-level agreements; support larger contracts with Commodity Managers

• Cost Modeling & Reduction

• Build should-cost, make Vs buy and mfg. strategy models

• Develop productivity funnels early in the product development phase

• Commodity Strategy Support

• Research market trends and new suppliers

• Align sourcing decisions with commodity strategies

• Cross-Functional Coordination

• Represent Supply Chain, Manufacturing, and Quality in NPD teams

• Track tooling, samples, and supplier readiness for builds

• Production Transition

• Coordinate handoff to production teams

• Support ramp-up/ramp-down and balance inventory overages and gap risks

Who We’re Looking For – Qualifications & Skills

• Education
Bachelor’s degree in Supply Chain, Engineering, Business, or a related discipline

• Experience
• 7+ years in sourcing or procurement.
• Hands-on experience with New Product Development (NPD) sourcing
• Proven track record in managing multiple projects while meeting quality, delivery, and cost targets
• Demonstrated success representing Supply Chain in cross-functional teams
• (preferred) Experience using AI-based sourcing or analytics tools to enhance decision-making and efficiency

• 
  Technical Skills
• Advanced Excel proficiency for cost analysis and modeling
• Multiple ERP systems expertise (SAP, QAD preferred)
• Ability to interpret BOMs and technical drawings for sourcing decisions

• 
  Professional Skills
• Strong negotiation skills beyond basic quoting; experience with multiple types of supplier agreements e.g. white label, software development, joint development
• Ability to balance tactical execution with long-term sourcing goals
• Ethical, organized, and proactive in highlighting risks and proposing solutions
• Strategic thinker with strong project management and stakeholder engagement skills
• Ability to align sourcing decisions with broader commodity strategies and business goals
• Additional Qualifications
• Available to travel up to 20% (domestic and international)
• English required. Bilingual (Spanish) a plus