Strategic Sourcing Specialist

About This Role

• Cadence has an exciting opportunity for a Strategic Sourcing Specialist within their Hardware Systems Verification Supply Chain Team.
• This person will have the following 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 & Qualifications 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.
• The annual salary range for California is $144,200 to $267,800.
• You may also be eligible to receive incentive compensation: bonus, equity, and benefits.
• Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure.
• Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location.
• Our benefits programs include: paid vacation and paid holidays, 401(k) plan with employer match, employee stock purchase plan, a variety of medical, dental and vision plan options, and more.
• We’re doing work that matters.
• Help us solve what others can’t.