We are seeking a Sourcing Analyst to join our team. This role is critical in managing supplier relationships, negotiating competitive costs, and driving sourcing strategies.
WHAT YOU'LL BE DOING
WHAT WE LOOK FOR
BE REWARDED
Total cash compensation typically ranges from $144,000 - $166,000, which includes a base salary and annual cash profit sharing based on company profitability. We are committed to comprehensive benefits to support employees and their dependents, such as:
Equal Opportunity Employer
We are proud to be an Equal Opportunity Employer and dedicated to providing employees a workplace with reasonable accommodations and free of discrimination, harassment, and retaliation. At McMaster-Carr, we do not make employment decisions based on age, ethnicity, citizenship status, military status, gender identity and expression, race, religion, disability status, marital status, sexual orientation, or any other legally protected group.
EOE/M/F/Vet/Disability/Sexual Orientation/Gender Identity
This position is not eligible for work authorization sponsorship by McMaster-Carr.
WHAT YOU'LL BE DOING
- Supplier Relationship Management: Build and maintain strong relationships with key suppliers.
- Cost Negotiation: Lead negotiations for favorable pricing and incentives to optimize cost savings.
- Competitive Bidding & Sourcing: Conduct RFQs to competitively bid out existing business across multiple product categories.
- Product & Market Analysis: Evaluate market trends, pricing benchmarks, and competitor offerings to inform sourcing decisions.
- Alternative Product Evaluation: Identify and assess alternative products or suppliers that meet technical and performance specifications to reduce cost or mitigate risk.
- Reporting & Analytics: Track key sourcing metrics and deliver data-driven insights to support strategic decisions.
WHAT WE LOOK FOR
- A history of academic and professional success
- At least 2 years of professional experience
- Strong negotiation and supplier management skills
- Proficiency in Microsoft Excel
- Strong verbal, written, and visual communication skills
- Strong critical thinking, research, attention to detail, organizational, and decision-making skills
- Eagerness to learn new things, adaptability, and a growth-oriented mindset
BE REWARDED
Total cash compensation typically ranges from $144,000 - $166,000, which includes a base salary and annual cash profit sharing based on company profitability. We are committed to comprehensive benefits to support employees and their dependents, such as:
- Zero-dollar premiums for medical, dental, pharmacy, and vision plans for employees, spouses, and dependents
- 100% tuition reimbursement for employees
- First-time home buyer assistance
- College assistance for your dependents
- Paid time off to cover vacation and personal time
Equal Opportunity Employer
We are proud to be an Equal Opportunity Employer and dedicated to providing employees a workplace with reasonable accommodations and free of discrimination, harassment, and retaliation. At McMaster-Carr, we do not make employment decisions based on age, ethnicity, citizenship status, military status, gender identity and expression, race, religion, disability status, marital status, sexual orientation, or any other legally protected group.
EOE/M/F/Vet/Disability/Sexual Orientation/Gender Identity
This position is not eligible for work authorization sponsorship by McMaster-Carr.
McMaster-Carr Elmhurst, Illinois, USA Office
McMaster-Carr is in a thriving suburb with easy access to city living via public transportation and highways. The local community offers a vibrant downtown full of restaurants and pubs, parks, historic homes, art museums and a university.
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
