Job Summary and Qualifications
What you will do in this role:
- Develop and implement strategic sourcing plans across client program.
- Position's key area of focus will be sourcing initiatives that are primarily categories with medium to high complexity, risk and sensitivity. Individual will own the negotiation of a portfolio in the spend range of $50m-100m annually. Position may have some responsibility for other types of categories and projects for the purposes of development and workload allocation.
- Individual will follow standard practices and policies in analyzing situations/data, but leverages their ideas and thought leadership to develop strategies and solve a range of challenges and opportunities.
- Identify, evaluate, and negotiate with suppliers for optimal terms. Driving continuous improvement in sourcing and implementation processes.
- Conduct market research and stay updated on industry trends.
- Manage supplier relationships to ensure performance and cost-effectiveness.
- Proactively engage with vendors to mitigate and/or resolve supply chain issues.
- Oversee contract development, execution, implementation and compliance.
- Collaborate with internal stakeholders to align sourcing strategies with business objectives.
- Monitor key performance indicators (KPIs) for sourcing and supplier activities.
- Manage bulk-commitments & bulk buy programs with internal project accounting teams.
- Manage bulk buy commitments per project, by vendor, with insight and tracking of need-by, manufacturing & delivery dates.
- Plan and execute project timelines for assigned categories.
- Analyze spend and quantity data for both commodity and non-commodity items.
- Translate objectives into project planning priorities, create and manage work plans, and finalize negotiations within designated timeframes.
- Create and manage work plans and timelines.
- Collaborate interdepartmentally and cross-functionally to ensure data collection and communication of project goals and outcomes.
- Develop strategies for complex categories with managers guidance.
- Understand or learn the product categories assigned and how end-user interfaces with the products.
- Manage the sourcing process for the assigned portfolio, including market research, bid preparation, supplier evaluations, RFI/RFP, contract negotiations, and contract launch.
- Present and validate category strategies and final awards with customer-led Advisory Boards and executive-level Supply Chain Board.
- Oversee supplier relationships and participate in business reviews.
- Build and maintain customer relationships through internal/external team presentations.
- Build stable working relationships with customers through member engagement, effective communication and deep understanding of customer needs.
- Collaborate with legal, financial, and account management teams.
- Meet/exceed financial and operational goals in the annual contracting plan.
- Maintain timely achievement of sourcing initiatives adhering to policies and procedures.
- Maintain forecasting of equipment and materials with suppliers ensuring Owner's project pipeline.
What qualifications you will need:
- Bachelor's degree in supply chain management, Business Administration, or a related field, required
- 3-5 years of experience in strategic sourcing, procurement, or supply chain management, required
- Certified Professional in Supply Management (CPSM) or similar certification, preferred
- Occasional/ Intermittent Travel, required