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 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