Strategic Sourcing Specialist

**At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.** ----------------------------------------------------------------------------------------------------------------- **Job Description** 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.** -------------------------------------------------------------------