Sourcing Specialist

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Pharmatech, Inc.

Sourcing Specialist

Lindon, UT
Full Time
Paid
  • Responsibilities

    Job Title: Sourcing Specialist

    Location: Lindon, Utah

    Company: Pharmatech Labs

    About Us:

    Pharmatech Labs, located in Lindon, Utah, is a premier nutritional contract manufacturer specializing in liquid and powder supplements. We offer comprehensive, accelerated, one-stop-shop services, including; Concept development, Research and development, Customization and flavor work, In-house laboratory testing, Quality manufacturing, and Packaging and kitting.

    Our mission is to enhance lives by being the most customer-focused manufacturer of health products, delivering an unparalleled experience in the development and production of nutritional products.

    Job Type: Full Time

    Schedule: Monday - Friday

    Shifts Needed: Regular Day Shift

    Job Summary:

    The Sourcing Specialist plays a crucial role in identifying, evaluating, and negotiating with suppliers for our nutraceutical manufacturing facility. The ideal candidate will be responsible for finding suppliers for raw materials and packaging and to ensure that the sourcing strategy aligns with the company's goals. The role requires an in-depth knowledge of the nutraceutical industry, and the ability to implement innovative ideas to enhance sourcing strategies.

    What You’ll Do:

    • Identifying suppliers: Find strategic suppliers for raw materials and packaging components that deliver value to the company and our customers.
    • Evaluating and monitoring suppliers: Assess suppliers' quality, price, and risk in collaboration with internal and external teams.
    • Negotiating contracts: Negotiate contracts and terms with suppliers that strengthen relationships and increase value for our customers.
    • Coordinate disputes: Resolve any issues or disputes with suppliers in collaboration with key internal stakeholders.
    • Collaborating with other departments: Work with other departments, such as finance, procurement, engineering, R&D, and quality assurance.

    Education:

    • APICS Certification preferred.
    • Bachelor’s degree required in Supply Chain or Business-related discipline.

    Work Experience:

    • At least 7-10 years of experience in sourcing and/or procurement, preferably in a food manufacturing environment.
    • Vendor management skills are essential.
    • Strong knowledge of inventory management.
    • Proficiency in enterprise resource planning (ERP) systems, and Microsoft Office Suite.
    • Excellent analytical and problem-solving abilities, with a focus on data-driven decision-making and continuous improvement.
    • Effective communication and negotiation skills, with the ability to interact with vendors, suppliers, and internal stakeholders.
    • Detail-oriented with strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
    • Familiarity with food safety regulations, GMP (Good Manufacturing Practices), and HACCP principles.
    • Ability to work independently with minimal supervision and as part of a team to achieve procurement objectives and company goals.

    Additional Valuable Qualifications:

    • Strategic Thinking: Ability to develop long-term sourcing strategies that align with company goals and market trends.
    • Global Sourcing Experience: Experience in sourcing from international suppliers and navigating global supply chain challenges.
    • Project Management Skills: Proven ability to manage multiple projects and initiatives simultaneously.
    • Sustainability Practices: Knowledge of sustainable sourcing practices and the ability to implement eco-friendly solutions.
    • Advanced Negotiation Techniques: Expertise in advanced negotiation techniques to secure the best terms and value for the company.
    • Market Analysis Skills: Strong market analysis skills to identify trends, opportunities, and risks in the nutraceutical industry.
    • Technology Adoption: Ability to leverage new technologies and tools to enhance sourcing efficiency and effectiveness.

    Key Performance Indicators (KPIs):

    • Cost Savings: Measure the amount of cost savings achieved through effective negotiation and strategic sourcing.
    • Supplier Performance: Track supplier performance metrics, including quality, delivery times, and reliability.
    • Contract Compliance: Monitor the percentage of contracts that are compliant with negotiated terms and conditions.
    • Inventory Turnover: Assess the efficiency of inventory management by tracking inventory turnover rates.
    • Supplier Risk Management: Evaluate the effectiveness of risk management strategies to mitigate supplier-related risks.
    • Sourcing Cycle Time: Measure the time taken to complete the sourcing process, from identifying suppliers to finalizing contracts.
    • Sustainability Metrics: Track the implementation of sustainable sourcing practices and their impact on the environment.
    • Stakeholder Satisfaction: Measure the satisfaction levels of internal stakeholders with the sourcing process and outcomes.

    Benefits:

    • Comprehensive health, dental, and vision insurance.
    • 401(k) plan with company match.
    • Paid Time Off.
    • Paid Holidays.
    • Professional development and training opportunities.

    Pharmatech Labs is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.