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Crane Payment Innovations · 1 day ago

Strategic Sourcing Specialist

Malvern, PA

Full-time

Hybrid

Senior Level

7+ years exp

Crane Payment Innovations (CPI) is a leading technology company that designs and manufactures devices for payment transactions worldwide. The Strategic Sourcing Specialist will be responsible for sourcing and supplier selection, negotiating pricing and terms, and ensuring compliance with inventory purchase guidelines while supporting new product launches.

Consumer ElectronicsElectronicsIndustrial EngineeringIndustrial ManufacturingInformation TechnologyMachinery ManufacturingManufacturingPaymentsSoftware

Responsibilities

Sourcing & Supplier Selection

Lead sourcing for new product launches

Analyze quotes, select suppliers with Commodity team

Ensure cost targets and timelines are met while ensuring compliance with new product inventory purchase guidelines

Supplier Negotiations

Negotiate pricing, delivery, and terms for key components

Handle mid-level agreements; support larger contracts with Commodity Managers

Cost Modeling & Reduction

Build should-cost, make Vs buy and mfg. strategy models

Develop productivity funnels early in the product development phase

Commodity Strategy Support

Research market trends and new suppliers

Align sourcing decisions with commodity strategies

Cross-Functional Coordination

Represent Supply Chain, Manufacturing, and Quality in NPD teams

Track tooling, samples, and supplier readiness for builds

Production Transition

Coordinate handoff to production teams

Support ramp-up/ramp-down and balance inventory overages and gap risks

Qualification

SourcingSupplier NegotiationsCost AnalysisProject ManagementAdvanced ExcelERP SystemsNew Product DevelopmentEthicsCustomer ServiceTeamworkDecision MakingLeadership

Required

Bachelor's degree in Supply Chain, Engineering, Business, or a related discipline

7+ years in sourcing or procurement

Hands-on experience with New Product Development (NPD) sourcing

Proven track record in managing multiple projects while meeting quality, delivery, and cost targets

Demonstrated success representing Supply Chain in cross-functional teams

Advanced Excel proficiency for cost analysis and modeling

Multiple ERP systems expertise (SAP, QAD preferred)

Ability to interpret BOMs and technical drawings for sourcing decisions

Strong negotiation skills beyond basic quoting; experience with multiple types of supplier agreements e.g. white label, software development, joint development

Ability to balance tactical execution with long-term sourcing goals

Ethical, organized, and proactive in highlighting risks and proposing solutions

Strategic thinker with strong project management and stakeholder engagement skills

Ability to align sourcing decisions with broader commodity strategies and business goals

Available to travel up to 20% (domestic and international)

English required. Bilingual (Spanish) a plus

Preferred

Experience using AI-based sourcing or analytics tools to enhance decision-making and efficiency

Benefits

Flexible work environments

Defined career growth plans with opportunities to go outside of your “comfort zone”

Team Building activities that support innovation

Generous paid time off, including sick and holiday

Medical, dental, & vision insurance

401K with Company contribution

Flexible spending accounts

Life insurance and disability benefits

Company

Crane Payment Innovations

Glassdoor2.8

Crane Payment Innovations provides payment solutions for gaming, retail, transportation, vending, and financial services applications. It is a sub-organization of Crane Payment Innovations.

Founded in 2014

Malvern, Pennsylvania, USA

1001-5000 employees