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Associate Procurement Sourcing Jobs in Virginia (NOW HIRING)

Associate or bachelor's degree in supply chain, business, operations, or a related field, or an equivalent combination of education and experience. * 3-5 years of procurement, strategic sourcing ...

Strategic Sourcing Manager

Virginia Beach, VA · On-site

$122K - $158K/yr

Reporting to the Associate Director of Strategic Sourcing, you will lead the global sourcing ... Analyze procurement and supplier data to identify savings opportunities and improve operational ...

The Senior Procurement Specialist is responsible for planning, sourcing, purchasing, and managing materials, components, and services required for equipment production. This role ensures ...

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Associate Procurement Sourcing information

What is an associate procurement sourcing?

Associate Procurement Sourcing professionals are entry- to mid-level employees who support the procurement and sourcing process within an organization. Their primary responsibilities include researching suppliers, assisting with negotiations, managing purchase orders, and ensuring that goods and services are sourced efficiently and cost-effectively. They often work under the guidance of senior sourcing managers and collaborate with internal stakeholders to meet organizational needs. The role requires strong analytical, communication, and organizational skills.

What are the key skills and qualifications needed to thrive as an associate procurement sourcing?

To thrive as an Associate Procurement Sourcing specialist, you need strong analytical abilities, negotiation skills, and a bachelor’s degree in supply chain management, business, or a related field. Familiarity with procurement software (such as SAP Ariba or Coupa), contract management tools, and basic supplier evaluation systems is typically required. Attention to detail, effective communication, and the ability to collaborate across departments are critical soft skills for this role. These skills ensure efficient sourcing processes, cost-effective purchasing, and the development of strong supplier relationships that benefit the organization.

What are some typical challenges faced in the associate procurement sourcing role, and how can they be effectively managed?

Associate Procurement Sourcing professionals often encounter challenges such as managing tight deadlines, balancing competing priorities, and navigating supplier negotiations. Effective management of these challenges involves strong organizational skills, clear communication with both internal teams and external vendors, and a proactive approach to problem-solving. Building solid relationships with stakeholders and being adaptable to changing project requirements are also key to success in this role.

What is the difference between Associate Procurement Sourcing vs Procurement Specialist?

AspectAssociate Procurement SourcingProcurement Specialist
CredentialsAssociate's degree, certifications like CPSM or C.P.M. often preferredBachelor's degree, relevant certifications beneficial
Work EnvironmentEntry-level, team-oriented procurement departmentsMid-level, independent and collaborative procurement roles
Industry UsageCommon in manufacturing, retail, and logistics sectorsWidespread across various industries including healthcare and technology
Job FocusSupporting sourcing activities, data analysis, supplier researchNegotiating contracts, managing supplier relationships, procurement strategy

While both roles involve procurement activities, an Associate Procurement Sourcing typically supports sourcing tasks and data analysis, serving as an entry point into procurement. A Procurement Specialist takes on more responsibility in negotiations and supplier management, often requiring more experience and advanced skills.

Is procurement a stressful job?

Procurement roles, including Associate Procurement Sourcing, can be stressful due to tight deadlines, supplier negotiations, and the need for accuracy in managing budgets and contracts. However, stress levels vary depending on the organization, workload, and individual skills in communication and organization. Developing strong negotiation and time management skills can help mitigate stress in this field.

What are popular job titles related to Associate Procurement Sourcing jobs in Virginia?

For Associate Procurement Sourcing jobs in Virginia, the most frequently searched job titles are:

What cities in Virginia are hiring for Associate Procurement Sourcing jobs?

Cities in Virginia with the most Associate Procurement Sourcing job openings:

Senior Sourcing Specialist - Software and SaaS

Fannie Mae

Reston, VA • On-site

Full-time

Medical, Life

Re-posted 27 days ago


Fannie Mae rating

9.0

Company rating: 9.0 out of 10

Based on 8 frontline employees who took The Breakroom Quiz


Job description

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.
Job Description
As a valued colleague on our Corporate Procurement team, you will lead and execute sourcing and contracting activities for software, SaaS, cloud-based applications, enterprise licenses, subscription renewals, and related technology services. In this role, you will partner with internal and stakeholders to define sourcing strategies, manage RFx events, negotiate supplier agreements, and support contract execution in accordance with
Fannie Mae's strategic sourcing process.
This role is focused on delivering value, reducing risk, and improving commercial outcomes across the software and SaaS supplier portfolio while supporting timely, compliant, and business-aligned contracting.
THE IMPACT YOU WILL MAKE
The Senior Sourcing Specialist - Software and SaaS role will offer you the flexibility to make each day your own while working alongside people who care so that you can deliver on the following responsibilities:
  • Lead sourcing and contracting activities for software, SaaS, cloud-based applications, enterprise licenses, subscription renewals, and related technology services.
  • Partner with stakeholders to gather business, technical, commercial, risk, and contracting requirements.
  • Manage RFx events, supplier communications, proposal evaluations, negotiation strategies, and sourcing recommendations.
  • Negotiate commercial and contractual terms with suppliers, working in partnership with business and legal counterparts.
  • Analyze supplier proposals, software usage, spend, renewal history, market benchmarks, and business demand to identify savings, cost avoidance, risk reduction, and value creation opportunities.
  • Prepare sourcing documentation, award recommendations, negotiation summaries, and stakeholder updates.
  • Adapt sourcing strategies based on business priorities, market conditions, risk considerations, and timeline requirements.
  • Apply procurement tools, contract systems, spend data, and emerging technologies, including artificial intelligence, to improve sourcing quality, efficiency, and decision-making.

THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experiences
  • 2 years of experience in a Corporate Procurement function, preferably at a large for profit commercial company, or with a consulting / advisory firm.
  • Experience sourcing or negotiating software, SaaS, cloud-based applications, enterprise licenses, or technology supplier agreements.
  • Experience managing RFx events, supplier negotiations, sourcing recommendations, and contract execution processes.
  • Working knowledge of software and SaaS commercial models, including subscription pricing, user-based licensing, enterprise agreements, usage-based pricing, renewal terms, and support models.
  • Strong analytical, negotiation, communication, stakeholder management, and problem-solving skills.
  • Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

Desired Experiences
  • Bachelor's degree or equivalent experience.
  • 5+ years of experience in software/SaaS sourcing, IT procurement, technology category management, supplier management, contract management, or contract negotiation.
  • Experience negotiating SaaS order forms, master agreements, statements of work, service level agreements, data processing agreements, software license agreements, cloud terms, and renewal amendments.
  • Experience in a regulated financial services, housing finance, banking, or similarly complex enterprise environment.
  • Familiarity with third-party risk management, cybersecurity, privacy, business continuity, accessibility, supplier due diligence, and software asset management.
  • Experience using procurement, sourcing, contract lifecycle management, spend analytics, supplier management, or ERP platforms.

Corporate Procurement - Sourcing and Contracting - Senior Associate
#LI-Hybrid
Qualifications
Education:
Bachelor's Level Degree
The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.
For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.
Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.
The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.
Requisition compensation:
79000
to
97000

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