Are you applying to the internship?
Job Description
Principal Specialist – Strategic Sourcing | Microchip Technology
The Tone:
This is a full-time role at Microchip Technology. The company designs and delivers technology that powers the world around us. This role is crucial for optimizing procurement processes, ensuring cost savings, and mitigating risks within Microchip’s global supply chain by developing and executing strategic sourcing plans for critical categories.
The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Not specified
• Mission: Owns the end-to-end strategic sourcing processes to optimize procurement, ensure supply base efficiency, and drive cost savings for assigned categories.
• Tech Stack: Microsoft Office Suite (Excel, Word, PowerPoint), Microsoft Dynamics ERP
What You’ll Actually Do
• Strategic Planning: Develop and execute strategic sourcing plans for assigned categories, ensuring direct alignment with overall business objectives.
• Sourcing Process Management: Engage in end-to-end sourcing processes, encompassing comprehensive market analysis, diligent RFP/RFQ management, thorough supplier evaluation, strategic negotiation, and meticulous contract finalization.
• Stakeholder Engagement: Build and maintain strong collaborative relationships with internal stakeholders to deeply understand their requirements and consistently deliver sourcing solutions that precisely meet business needs.
• Supplier Management: Proactively identify, rigorously evaluate, and successfully onboard new suppliers to continuously drive innovation, realize significant cost savings, and effectively mitigate supply chain risks.
• Data Analysis: Conduct detailed analysis of spend data and market trends to identify actionable opportunities for cost reduction, process improvement, and enhanced procurement efficiency.
The Must-Haves
• Background: Bachelor’s degree in Supply Chain Management, Business Administration, Engineering, or a related field. This role demands a senior professional with a core domain understanding of procurement and strategic supply chain management.
• Experience: A minimum of 7-10 years of hands-on experience in procurement or supply chain management, ideally gained within a complex, multinational operational environment. Demonstrable experience with contract law and navigating regulatory compliance is also required.
• Skills: Strong negotiation capabilities, advanced analytical reasoning, and proven project management proficiency. Excellent communication and robust stakeholder management abilities are essential, alongside a comprehensive knowledge of sourcing and procurement techniques and the capacity to analyze market trends. Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) is also required.
• Bonus: A Master’s degree or relevant industry certifications such as CPSM (Certified Professional in Supply Management) or CIPS (Chartered Institute of Procurement & Supply) are highly preferred.