Strategic Sourcing Specialist

About This Role

This Strategic Sourcing Specialist role is an exciting opportunity within the Hardware Systems Verification Supply Chain Team, focusing on designing and scaling the supply chain to meet growing business demands. The specialist will develop and execute sourcing strategies, manage costs, and oversee vendor governance, serving as a strategic advisor to executive management.

Responsibilities

• Design and scale the overall supply chain to meet growing business demands, including sourcing strategy, cost management, and vendor governance
• Develop and execute the sourcing strategy, eliminate supply chain risks, achieve operational performance, product quality, and customer satisfaction
• Execute global strategic sourcing, including supplier selection, contract negotiation, and vendor management
• Implement and oversee supply base cost management initiatives to drive value and maintain competitive advantage
• Serve as a strategic advisor to executive management on procurement strategy, vendor risk, and cost optimization opportunities

Requirements

• 15+ years of Supply Chain operational leadership experience in the electronic systems industry
• Rich experience in nurturing long, sustainable relationships with suppliers
• Deep networks established with vendors in the electronics market
• Demonstrated ability to negotiate effectively, manage risks, drive COGs down, and achieve margin expansion
• Strong background in procurement, subcontracts, material planning, and inventory operations
• Strong financial and P&L management skills, with the ability to align supply chain strategies with overall business objectives

Benefits

• Incentive compensation: bonus, equity, and benefits
• Paid vacation and paid holidays
• 401(k) plan with employer match
• Employee stock purchase plan
• Variety of medical, dental and vision plan options

About the Company

Cadence hires and develops leaders and innovators who want to make an impact on the world of technology, solving what others cannot.