STRATEGIC SOURCING ANALYST III

Job Overview

Supports the development and execution of commodity strategy for the procurement team and drives the leading indicators like savings pipeline.

Job Requirements

• Establishing the supplier sourcing strategy, identifying and managing the customer needs, and deciding the strategic suppliers accordingly to maintain the product footprint.
• Monitoring the negotiation of raw materials, preparing the RFQs in alignment with the supplier strategy, and assisting with make or buy analysis.
• Driving the teams for savings and spending reduction initiatives, improving material productivity, and ensuring compliance with the regulatory standards of the suppliers.
• Leading the optimization of supplier footprints, monitoring the supplier consolidation activities, and setting up the new suppliers in alignment with the strategy.

What your background should look like

•    Bachelor’s Degree, preferably in Business, Procurement, or Engineering related field.
•    3-5+ years of experience in procurement – category/commodity management, managing sourcing projects, strategic sourcing, fact-based negotiations, cost analysis, price breakdowns, and supplier and contract management
•    Procurement analytical skills in: LPP analysis, Currency and Material analysis, Market analysis, Part Cost Breakdown analysis, RFQ analysis, etc.
•    Experience electronic raw materials, PCB, PCBA, Magnetic electromagnetic components a plus
•    Experience in contract negotiation, contract review, and contract management.
•    Self-starter with Project Management experience and ability to drive action items and results
•    Very Strong analytical and computer-skills; Experience in Excel, PowerPoint, SAP procurement applications and Microsoft Office/Teams
•    Strong communication and presentation skills at all levels
•    Strong decision-making skills and critical thinking

Job responsibilities include:
•    In this strategic role, you will be responsible for procurement management of assigned categories and suppliers to include supplier market analysis; raw material market tracking; understanding of part cost breakdown, negotiations, price tracking and changes, key contact for supplier escalations, assurance of material supply with the supply base, analytics and analysis of data, and supporting commodity managers as assigned.
•    Responsible to Achieve KPI’s including material productivity, delivery, quality metrics, and supplier risk assessments; Ensure positive savings impact for assigned category with weekly management of trends and pricing issues.
•    Perform market analysis to maintain a good knowledge of potential trends evolutions within the assigned portfolio (new players, new technologies, etc.).
•    Perform supplier evaluations, including inspection plan development, monitoring supplier quality, delivery, and conformance to requirements.
•    Responsible for contract management and Supply Agreements for assigned categories.
•    Support and Develop a 3-5 year regional commodity plan for assigned categories – strategy, in accordance with the Global, Regional and Local needs and in alignment with the corporate commodity strategy.
•    Work with the Regional Strategic Sourcing Manager, Global Commodity Managers, and BU's to issue RFQ's, negotiate, award, and update contracts within assigned commodities for the Americas region.

Competencies