Product Sourcing Specialist

Qualifications:

Experience
• 3+ years experience in product sourcing, hand tools industry preferred

Education
• Bachelor of Business Administration, Bachelor of Commerce, MBA or any other related business degree; preferred, but not required

Skills
• Must be fluent in English
• Microsoft Word and Excel experience required
• Positive work ethic
• Able to effectively communicate with all levels of the organization both internally and externally in written and oral form
• Demand forecasting and planning principles
• Positive, can-do attitude
• Ability to foresee future problems and set plans in place to remedy these issues when they arise
• Excellent time and project management skills


Responsibilities:

• Source new products and approve new suppliers following Olsa Tools’ criteria and making sure all levels of regulations are met.
• Compile and analyze major areas of procurement spend to find cost savings and optimization opportunities.
• Analyze and find ways to optimize inventory handling and buying processes.
• Analyze all proposals to find most cost effective and most reliable vendors.
• Negotiate supplier agreements.
• Responsible for developing and maintaining entrusted supplier relationships, monitoring and managing supplier performance for further action where required.
• Monitor ongoing adherence of supplier performance, price consistency and quality to supply agreement terms and requirements.
• Monitor frequency of purchases within managed categories and recommend possible options to increase effectiveness of, or consolidate purchasing requirements into most efficient workflow.
• Work with multiple manufacturing sites to identify and address issues and opportunities within managed categories.
• Work within available software to monitor and optimize sourcing process.
• Work closely with product researcher, supply chain manager and R&D to improve existing products and develop in-house products.
• Other tasks as assigned


Working Conditions:

Work Hours
• 8 hours a day
• Monday to Friday
• 9AM - 5PM MST (Mountain Standard Time) schedule
• Paid on-time at the end of each month
• Team bonuses based on performance