Build Relationships with Suppliers

In order to facilitate the sourcing process, the Sourcing Specialist forms relationships with important suppliers in the industry. It’s important that Sourcing Specialists maintain relationships with their suppliers in order to ensure continual improvement in sourcing.

Negotiate Deals

Sourcing Specialists are responsible for negotiating deals and contracts with suppliers. They negotiate pricing, quantity, and delivery schedules. Should anything change in the sourcing process, they’re responsible for renegotiating new contracts as well.

Draft Contracts

The Sourcing Specialist then drafts detailed contracts to be reviewed by both their company and the supplier. They work in conjunction with legal counsel to include all of the details of their negotiation. Once the contract is complete they submit the necessary paperwork and communicating contact deals with their company.

Understand the Company’s Commodities

In order to be an expert in the sourcing process for their company, the Sourcing Specialist must have an in-depth knowledge of their commodity industry. They have to understand the ins and outs of the commodity to know how to effectively source it, and they also have to have knowledge of all key players and

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