Senior Sourcing Specialist

Tasks performed regularly which form the essential characteristics of the position.

In relation to categories’ strategies:

• When required, provide inputs to Category Management on Categories’ Strategies
• Supports the execution of category strategies

In relation to suppliers:

• Conduct suppliers’ scouting and market intelligence activities proposing new or alternative suppliers
• Evaluate financial stability and qualifications of suppliers and manage suppliers’ risks. Execute suppliers’ due diligence
• Optimize (reduce or increase) the number of suppliers within his/her scope of work
• For assigned areas resolve diligently quality, supply or any other issues in close collaboration with the Business, the supplier, Quality Team, GBS, Procurement Category Team, etc.
• Support supplier relationship management activities for an identified group of suppliers
• Complete suppliers’ scorecards and prepare information for suppliers’ review meetings

In relation to sourcing activities:

• Ensure business requirements are clear and ready to conduct a tender or a purchasing activity
• Analyze suppliers’ proposals, including price, should-cost modelling, benchmarking and Total Cost of Ownership (TCO).
• In collaboration with the business, define the negotiation strategy, including targets for costs and key commercial/business terms.
• Conduct price and contract terms and conditions negotiations
• Generate and present supplier-decision recommendations including quotes’ comparisons, risks, terms, etc. ensuring transparent and aligned decision
• Ensure full tendering and contracting documentation storage according to company standards  (Request for Quotation documents, contracts and data & price comparisons, decisions’ protocols, etc.)
• When required, document and report sourcing project status and outcomes

In relation to ways of working:

• Champion the use of technology for when running sourcing events including but not limited to tools used for eSourcing, Contract management, Spend management, Ariba, SAP, AI, others.  Leverage eAuctions where appropriate as much as possible.
• Demonstrate the highest ethical standards and follow Fresenius Medical Policies, Standards, Processes and Procedures

Other tasks:

• Identify, develop and support opportunities to optimize spend, reduce costs, mitigate supply risks, improve services, bring innovation and assure supply  
• Participates in suppliers’ business reviews

 Strategy Execution

§  Is an active part of the extended team for assigned country

§  Providing insights on the local/ regional market

§  Presents decision recommendations to the decision board to ensure a transparent and aligned decision making.

Supplier Management and Selection

§  Conducts complex supplier selection activities and management of formal strategic sourcing and RFx processes including supplier identification, supplier due diligence activities and owns supplier life-cycle management. Identifies relevant stakeholders for the sourcing event and manages them as a project team.

§  Conducts price and contract negotiations, in alignment with business stakeholders and procurement functions as required.

§  Collaborates with and executes guidance from senior sourcing specialists and category managers for specified sourcing initiatives and supplier management.

§  Presents decision recommendations to the decision board to ensure a transparent and aligned decision making.

§  Champions use of eSourcing, Spend Visibility, and R2P tools; leverages and utilizes eAuctions where appropriate.

§  For assigned areas, resolves diligently quality, supply, or any other issues in close collaboration with the local and regional stakeholders.

Analysis and Documentation

§  Performs proposal analysis, including price analyses, “Should Cost” modelling, benchmarking and Total Cost of Ownership (TCO).

§  Generates proposal/ quote comparisons and compiles detailed assessment of cost breakdowns.

§  Ensures full documentation (RFQs documents, contracts, and data & price maintenance at each sourcing project closure.)

Risk Management and Ethical Standards

§  Evaluates financial stability of suppliers and manages supplier risks as needed while considering the local plans, regulations, and specificities.

§  Demonstrates the highest ethical standards and ensures Fresenius procedures are adopted and followed.