Sr Sourcing Analyst

This position is posted until filled.

About the role

Under limited supervision, completes the sourcing process for high-dollar and high-risk projects and contracts. Supports the sourcing and procurement processes. Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures, including continuous process improvement. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts. Given the financial nature of this position, a credit background check is required prior to hire.

Responsibilities

• Ensures that the company follows the approved purchasing process
• Assists with opportunity assessment and prioritization of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis
• Develops and maintains sourcing strategies
• Understands and standardizes company commodity needs
• Manages the bid process and leads cost reduction activities to achieve annual improvement targets
• Develops and implements all supplier selection criteria and plans, chooses suppliers, leads negotiations, implements contracts, and manages supplier performance
• Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met
• Implements supplier-sourcing strategies to ensure high quality, on-time delivery, and cost competitiveness
• Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc.
• Ensures best-in-class supply chain management and procurement processes, including leading and auditing process improvement activities and automation initiatives
• Develops process documentation and manuals, process training documents, and conducts process training sessions
• Prepares RFI/RFQ/RFP process with requesting departments, evaluates proposals, selects bidders, manages the selection process, and prepares executive summaries
• Develops and manages business processes for web-based sourcing practices (Reverse Auction)
• Conducts formal business reviews with key suppliers to discuss performance on a regular basis
• Advises client departments on procurement-related policies and procedures, including best practices regarding purchasing activities, tactics, and contractual terms
• Develops and maintains contract management systems

Requirements

• Advanced knowledge of contracts and experience in contract negotiations
• Knowledge and experience with application of strategic sourcing best practices
• Demonstrated experience with contract negotiation
• Demonstrated project management and financial analysis skills
• Advanced interpersonal skills

Qualifications

Minimum Education and/or Experience: Bachelor's degree from a four-year college or university, preferably in business administration, materials management, supply-chain management, or similar discipline, with five to seven years of related experience, or equivalent combination of education and/or experience related to the discipline. Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred.

Skills

• Communication Skills:
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
  • Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
  • Ability to write reports, business correspondence, and procedure manuals
  • Ability to speak effectively before various groups
  • Advanced negotiation skills and ability to gain concessions without damaging relationships
• Mathematical Skills:
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume
  • Ability to apply concepts of basic algebra and geometry
• Computer Skills:
  • Knowledge of word processing, spreadsheet, and presentation software
  • Ability to work with purchasing/e-procurement systems and process modeling applications
• Analysis and Problem-Solving Ability:
  • Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist
  • Ability to lead and successfully implement projects
  • Ability to review financial and other business data and summarize that information for management

Physical Demands

• Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time
• Good vision and ability to adjust focus is required
• Manual dexterity is required
• Must occasionally lift and/or move up to 10 pounds

Work Environment

Office environment.