Strategic Sourcing Specialist at Crane Payment Innovations (CPI)
Crane Payment Innovations (CPI) · Malvern, United States Of America · Onsite
- Senior
- Office in Malvern
Have you ever used the self-checkout in a Walmart Played the slots at an Aria Casino? Maybe you grabbed a drink from a vending machine or paid to park your car? If you’ve answered with a resounding “YES”, then you’ve done so with the aid of one of the 10 million devices designed and manufactured by Crane Payment Innovations (CPI).
We make the technology that powers your everyday life, enabling more than 4 billion transactions every week in more than 143 currencies worldwide. From cash and coins to cards and mobile, we keep the world of payments moving with smart validation devices and business management software.
Headquartered in Malvern, PA, CPI is supported by: >2,500 global associates, 7 manufacturing sites, 12 corporate offices and 43 service branches.
What You’ll Be Doing – Key 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
Who We’re Looking For – Qualifications & Skills
- Education
- Bachelor’s degree in Supply Chain, Engineering, Business, or a related discipline
- Experience
- 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
- (preferred) Experience using AI-based sourcing or analytics tools to enhance decision-making and efficiency
- Technical Skills
- 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
- Professional Skills
- 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
- Additional Qualifications
- Available to travel up to 20% (domestic and international)
- English required. Bilingual (Spanish) a plus
Personal Attributes
Customer Service
Decision Making and Results
Teamwork and Diversity
Ethics and Transparency
Intellectual capital
Job Knowledge / Technical Skills
Leadership
Security
CBS
WHAT WE’RE OFFERING
- 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
CPI is part of Crane NXT
Crane NXT is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. The company is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies. Crane NXT has approximately 4,000 employees with global operations and manufacturing facilities in the United States, the United Kingdom, Mexico, Japan, Switzerland, Germany, Sweden, and Malta. For more information, visit www.cranenxt.com.
Crane Payment Innovations is committed to hiring a diverse workforce. Applicants will receive consideration without regard to race, color, religion, sex, gender identity, sexual orientation, age, disability, military status, or national origin or any other characteristic protected under federal, state, or applicable local law.
