In my previous role, I developed and executed sourcing strategies for the electronics category by analyzing market trends, supplier capabilities, and cost structures. I collaborated with cross-functional teams to align sourcing plans with business goals, negotiated contracts to secure favorable terms, and identified alternative suppliers to mitigate risks. By leveraging data analytics, I optimized procurement processes, reducing costs by 15% while maintaining quality. My approach ensures a balance between cost-efficiency, supplier reliability, and product availability.

I use a structured evaluation framework that assesses suppliers based on financial stability, production capacity, quality certifications, and past performance. Cost analysis includes total cost of ownership, not just unit price. I conduct site visits and audits to verify capabilities and build relationships. For critical categories, I prioritize suppliers with robust contingency plans. By involving stakeholders in scoring criteria, I ensure alignment with business needs. This method has helped me onboard suppliers that consistently meet delivery timelines and quality standards while driving cost savings.

I proactively identify risks through market research, supplier assessments, and scenario planning. Diversifying the supplier base avoids over-reliance on single sources. I monitor geopolitical, economic, and environmental factors that could disrupt supply. Contracts include clauses for force majeure and alternate sourcing options. Regular reviews with suppliers ensure transparency and contingency readiness. In my last role, these measures reduced supply disruptions by 30% and minimized impact during crises like the pandemic.

I engage stakeholders early to understand their needs, such as product launch timelines or cost targets. Regular cross-functional meetings ensure alignment on priorities like sustainability or innovation. For example, I worked with marketing to source eco-friendly packaging, enhancing brand reputation. With operations, I optimized inventory levels to reduce carrying costs. By fostering open communication and presenting data-driven insights, I ensure sourcing strategies support overall business goals while balancing efficiency and agility.

For a previous employer, I renegotiated contracts with key suppliers by consolidating spend and offering longer-term commitments, achieving a 12% cost reduction. I also identified local suppliers to cut logistics expenses. Quality was maintained through stringent supplier audits and performance metrics. Additionally, I implemented value engineering, working with suppliers to simplify designs without affecting functionality. These initiatives saved $2M annually while upholding product standards and delivery reliability.