As an Analyst - Sourcing, you will be responsible for researching, analyzing and evaluating marketplace data of vendors, manufacturers and suppliers and in providing business appropriate recommendations based on this analysis. You will manage a supply chain for goods or materials that ensure high material availability at the lowest possible total ownership cost to client operations. You will act as the primary contact to current and potential outside suppliers. You will manage the supply chain processes for a given commodity, including the development of inventory strategy, such that its effectiveness/efficiency is continually improved. Negotiates contract elements, including terms and conditions, pricing, and lead-time. Manages suppliers’ performance, including support, development and monitoring of supplier performance metrics. Negotiates expected supplier performance metrics and develops and administers corrective action plans for performance failures. Prepares, distributes and awards RFQ blankets and reviews expiring blankets for re-bid. Determines, loads and updates pricing and lead times in purchasing database. Drives suppliers to electronic and automated interface and analyzes spend and product mix for standardization opportunities. Serves as customer contact and alliance manager for supply chain issues. Develops and maintains professional knowledge regarding the market drivers, market trends, economic forecasts, supplier base, and competitive intelligence. Analyzes material demand and determines inventory strategy or alternative supply chain strategies for maintaining high material availability at the lowest total ownership costs. Functions as team leader and facilitator for supplier negotiations, engineering standardization meetings, category strategy development, etc. Communicates and coordinates supplier strategies with sales engineer. Ensures commodity and inventory strategies are aligned with key customer initiatives and metrics.