What does a Sourcing Coordinator do?
Sourcing specialists analyze, organize, and improve sourcing processes for organizations, with the goal of streamlining operations and reducing costs. They scrutinize existing procurement systems, vendor agreements, logistical arrangements, and workflow systems. They pinpoint areas of inefficiency or opportunities for potential cost savings. They compare pricing for needed products and supplies, and negotiate with vendors and competitors. They manage requests for proposals and bidding processes. They establish and nurture relationships with key suppliers to ensure competitive pricing. They devise creative or alternative approaches to bundling procurement services or customizing orders for more favorable terms.
Sourcing specialists typically have a bachelor’s degree in a business field, and commonly have a background in sourcing or procurement. Strong negotiation skills are an asset. Requires proficiency with common office software programs.
Sourcing Coordinator Salaries
Average Base Pay
Sourcing Coordinator Career Path
Learn how to become a Sourcing Coordinator, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.