Sourcing Specialist

Since 1965, Stoneridge has designed and manufactured advanced, award-winning technologies including driveline and transmission actuation systems, vision systems, emissions control systems, safety systems, and security and monitoring systems for vehicle OEMs in the commercial vehicle, automotive, off-highway and agricultural vehicle markets. We’re focused on the areas of greatest market need – both today and tomorrow. Our core products and technologies are aligned with industry megatrends including safety and security, vehicle intelligence, fuel efficiency and emissions. Join the Stoneridge Team as we continue to build upon our strong history and reputation for quality products to deliver innovative products and systems that address a need, exceed our customers’ expectations, and motivate our team.

POSITION DESCRIPTION

Position: Sourcing Specialist

Department: SCD – Procurement

Type of position: Exempt

Reports to: Global Commodity Manager

Number of direct reports: None

JOB SUMMARY:

The Sourcing Specialist is responsible for developing and executing strategic and tactical procurement activities in alignment with Global Commodity Management. This role plays a critical part in driving supplier innovation, program launches, cost optimization, quality, delivery, and escalation management. This position fosters strong supplier relationships, supports continuous improvement, and contributes to the achievement of overall business goals.

PRINCIPLE RESPONSIBILITIES:

Strategy Execution & Category Management

• Execute sourcing strategy aligned with GCM direction for key raw materials; metals and resins

• Drive supplier innovation and early engagement initiatives, including engineering changes, MCIP execution, program launches, lifecycle management, cost control, delivery, and escalation management

• Translate category strategy into actionable sourcing plans

• Manage and maintain multiple tools and systems, including ERP, sourcing platforms, and supplier databases, ensuring accuracy and integrity across 100+ materials, suppliers, or processes

• Support execution and compliance of supplier contracts, including LTAs, NDAs, and commercial agreements

Sourcing & Execution

• Lead RFQs and sourcing approaches; coordinate sourcing events and benchmarking activities

• Coordinate feasibility meetings with suppliers, Engineering, and Quality

• Develop and identify supplier and sourcing risks

Re-Sourcing & Continuous Improvement

• Manage re-sourcing activities, including feasibility studies, bank builds, tooling transfers, and obsolescence tracking

• Coordinate last-time-buy strategies

• Identify and implement MCIP projects aligned with assigned commodities and company goals

• Execute engineering changes and assess cost/supply impact

Program Launch & Delivery

• Drive on-time program launches while meeting piece price, tooling, and material cost targets

• Coordinate with suppliers and cross-functional teams to meet quality, delivery, and financial objectives

• Identify and escalate launch timing delays

• Execute prototype, tooling, and sample orders, support PM with quote preparation

Cost & Price Management

• Negotiate project pricing and execute cost reduction / MCIP initiatives

• Monitor Purchase Price Variance (PPV), track market and industry trends, and evaluate supplier capacity

•  Ensure pricing accuracy in ERP systems, resolve supplier price changes through the Price Change process, and support annual standard setting and budget preparation

Supplier & Tool Management

• Manage supplier relationships, KPIs, and master data

• Manage annual tool refurbishment/replacement budgets, analyze quotations, negotiate awards, and support tooling change requests

• Oversee prototype tooling and ensure alignment with program goals

• Manage and maintain multiple tools and systems, including ERP, sourcing platforms, and supplier databases, ensuring accuracy and integrity across 100+ materials, suppliers, or processes

• Identify risks and opportunities; communicate with stakeholders and GCM

EDUCATION, EXPERIENCE AND KNOWLEDGE:

• Bachelor’s degree in engineering, Business, Supply Chain, or a related field

• Minimum of five (5) years of purchasing or sourcing experience in the automotive industry, with direct responsibility for commodities at Tier I suppliers

• Experience operating within a global matrix organization

• Proven negotiation skills with direct ownership of sourcing strategies and supplier agreements (highly desirable: experience working with raw materials such as steel, copper, and indexed commodities)

• Excellent verbal and written English communication skills

• Strong proficiency in ERP systems, sourcing tools, and Microsoft Office applications (Excel, PowerPoint, Word)

TRAVEL REQUIREMENTS:

• 25% Travel, domestic and/or international is possible

Stoneridge is an Equal Employment Opportunity Employer. We do not discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, marital status, mental or physical disability, genetic information, veteran status or any other characteristic protected by the applicable laws in the countries we operate. Stoneridge also prohibits harassment of applicants or employees based on any of these protected categories.