Sourcing Analyst

Summary

Pay Range: XXXhr - XXXhr

Job Overview:

Excel experience required (basic formulas and features). This role will have minimum supplier interactions and will focus more around change management and analytics. A basic understanding of the procurement process would be extremely beneficial.

Follow the purchasing procedure and process to support the sourcing manager on sourcing activities as assigned. Conducts analysis of markets, supply chains, and supply base; applies analysis to purchasing process improvement initiatives. Has regular interface with suppliers within area of responsibility and maintains the supplier relationship. Understands how key purchasing principles are used toward assuring supply.

Key Responsibilities:

• Support sourcing manager on sourcing activities as assigned.
• Independently carries out sourcing activities with full consideration for the impact of those activities on the end-to-end supply chain.
• Executes sourcing tactics of varying complexity in accordance with established category/commodity strategies reflecting the optimum cost, quality, delivery.
• Prepares and presents to senior purchasing/sourcing leadership recommendations of improvement opportunities and alternative courses of action.
• Ensures consistent application of sourcing procedures and processes.
• Supports purchasing/sourcing management in activities such as price benchmarking, vendor management, industry and market analysis, process analysis, and model building.
• Leads analysis projects/initiatives providing coaching to less experienced analysts and specialists.
• Understands the importance of compliance and is alert to situations that can pose risk to the organization.

Qualifications and Competencies:

• Balances stakeholders - Anticipating and balancing the needs of multiple stakeholders.
• Business insight - Applying knowledge of business and the marketplace to advance the organization goals.
• Source to Pay Principles - Leverages key principles of the Source to Pay process to smoothly execute sourcing decisions, order placement, material/service acquisition and on-time payment of Suppliers.
• Sourcing - Utilizes the purchasing functional system to support the Request For Quote process and establish a Total Cost of Ownership comparison of suppliers based on the category strategy and define the supplier that is most likely to meet the customer's needs.
• Supplier Contract Development - Creates contracts to cover commercial and legal relationship between supplier; incorporates commercial requirements and laws of regions, drives consensus amongst stakeholders and develops a mutually agreed and legally approved contract created using a Direct Supplier Supply Agreement (DSA) and the C-Review Process and Negotiations Excellence skill.
• Supplier Tooling Management - Manages supplier tooling strategy by noting the impact on Total Value Performance throughout the product life cycle to accurate piece price, leverages owned tooling procedure and ensures continuance of supply from that supplier or another by use of that specific tooling, by using proper Letters of Intent and bailment agreements; tracks and maintains inventory of which tooling has been paid for and owned.

Education:

Associate College, university, or equivalent degree in supply chain management or a related subject required.

Job Description

Pay Range: XXXhr - XXXhr

Job Overview:

Excel experience required (basic formulas and features). This role will have minimum supplier interactions and will focus more around change management and analytics. A basic understanding of the procurement process would be extremely beneficial.

Follow the purchasing procedure and process to support the sourcing manager on sourcing activities as assigned. Conducts analysis of markets, supply chains, and supply base; applies analysis to purchasing process improvement initiatives. Has regular interface with suppliers within area of responsibility and maintains the supplier relationship. Understands how key purchasing principles are used toward assuring supply.

Key Responsibilities:

• Support sourcing manager on sourcing activities as assigned.
• Independently carries out sourcing activities with full consideration for the impact of those activities on the end-to-end supply chain.
• Executes sourcing tactics of varying complexity in accordance with established category/commodity strategies reflecting the optimum cost, quality, delivery.
• Prepares and presents to senior purchasing/sourcing leadership recommendations of improvement opportunities and alternative courses of action.
• Ensures consistent application of sourcing procedures and processes.
• Supports purchasing/sourcing management in activities such as price benchmarking, vendor management, industry and market analysis, process analysis, and model building.
• Leads analysis projects/initiatives providing coaching to less experienced analysts and specialists.
• Understands the importance of compliance and is alert to situations that can pose risk to the organization.

Qualifications and Competencies:

• Balances stakeholders - Anticipating and balancing the needs of multiple stakeholders.
• Business insight - Applying knowledge of business and the marketplace to advance the organization goals.
• Source to Pay Principles - Leverages key principles of the Source to Pay process to smoothly execute sourcing decisions, order placement, material/service acquisition and on-time payment of Suppliers.
• Sourcing - Utilizes the purchasing functional system to support the Request For Quote process and establish a Total Cost of Ownership comparison of suppliers based on the category strategy and define the supplier that is most likely to meet the customer's needs.
• Supplier Contract Development - Creates contracts to cover commercial and legal relationship between supplier; incorporates commercial requirements and laws of regions, drives consensus amongst stakeholders and develops a mutually agreed and legally approved contract created using a Direct Supplier Supply Agreement (DSA) and the C-Review Process and Negotiations Excellence skill.
• Supplier Tooling Management - Manages supplier tooling strategy by noting the impact on Total Value Performance throughout the product life cycle to accurate piece price, leverages owned tooling procedure and ensures continuance of supply from that supplier or another by use of that specific tooling, by using proper Letters of Intent and bailment agreements; tracks and maintains inventory of which tooling has been paid for and owned.

Education:

Associate College, university, or equivalent degree in supply chain management or a related subject required.