Sourcing Analyst

About the Role

Collects information, inputs, and data from various sources and conducts analysis/simulations to support or report sourcing work. Analyzes sourcing information and presents findings for process improvement and cost reduction while maintaining high-quality product and/or service delivery. Supports sourcing processes and may source assigned items, executing buying strategies in accordance with agreed sourcing strategy at the optimum cost. Supports or leads special projects within the team category scope. Serves as a Super User/Subject Matter Expert (SME) for systems and tools to support the team.

Responsibilities

• Procures inventory, supplies, and capital goods; places purchase orders with vendors.
• Analyzes sourcing and procurement initiatives and processes to support cost-effective and high-quality goods and services.
• Supports the preparation of Value Capture Summaries at month and quarter ends.
• Prepares and presents recommendations for improvement opportunities and alternative courses of action to senior procurement/sourcing leaders.
• Consistently applies sourcing policies, procedures, and processes.
• Supports procurement/sourcing management in activities such as price benchmarking, vendor management, process analysis, market and industry research, and model building.
• Conducts minor contract negotiations and gathers information for larger contracts.
• Manages loading and retrieving of legal and compliance documents into applicable storage systems to support regulatory, audit, and research activities.
• Assists in interviewing and evaluating sales representatives and vendors.
• Supports Six Sigma projects through active team membership or provision of data and market intelligence.
• Interacts with suppliers regarding payments and order fulfillment.
• Procures services, goods, inventory, supplies, and capital goods (CIP).
• Compiles and manages Ariba IACs (Invoice against Contracts) for low-complexity/risk sourcing work and contract development under supervision.

Competencies

• Action oriented - Takes on new opportunities and tough challenges with urgency, high energy, and enthusiasm.
• Balances stakeholders - Anticipates and balances the needs of multiple stakeholders.
• Business insight - Applies knowledge of business and the marketplace to advance the organization’s goals.
• Communicates effectively - Develops and delivers multi-mode communications that convey a clear understanding of different audiences' needs.
• Manages conflict - Handles conflict situations effectively with minimal disruption.
• Data Analytics - Discovers, interprets, and communicates qualitative and quantitative data to extract meaningful patterns and business insights.
• Confidential Disclosure - Protects Cummins confidential information and ensures Confidential Disclosure Agreements are in place with suppliers.
• Cost and Value Management - Establishes and controls product and service costs using functional tools to deliver competitive prices while preserving margins.
• Procurement Ethics - Avoids supplier engagement that may compromise sourcing, selection, and management processes.
• Procurement Policies, Procedures, Tools - Understands and complies with all relevant procurement policies and procedures; masters tools required for procurement work.
• Procurement Systems - Recognizes linkages to multiple systems (e.g., purchasing, payment, engineering, quality) and troubleshoots data issues.
• Source to Pay Principles - Leverages key principles to execute sourcing decisions, order placement, and on-time supplier payments.
• Sourcing - Utilizes purchasing systems to support Request for Quote processes and establish Total Cost of Ownership comparisons.
• Supply Base Risk Management - Minimizes supplier risk by proactively mitigating risks related to continuity of supply, reputational risk, and margin risk.
• Values differences - Recognizes the value that different perspectives and cultures bring to an organization.

Requirements

• College, university, or equivalent degree in a field appropriate for the function (e.g., Business/Supply Chain preferred, engineering acceptable) or equivalent experience.
• This position may require licensing for compliance with export controls or sanctions regulations.
• Designed for external candidates within 2 years of completing their highest degree (Bachelor, Master, PhD, MBA, or JD) from an accredited U.S. college/university, currently residing in the continental U.S.
• For U.S.-based roles: F-1 visa students must have approved Curricular Practical Training (CPT) or Occupational Practical Training (OPT) before the Early Career assignment begins.

Pay

Salary range: $58,400 – $87,600 per year.

Schedule

• Job Type: Exempt - Entry Level, Full Time
• Role Category: On-site with flexibility
• Start Date: Available within 2-3 months
• Relocation Package: Yes