Sr Strategic Sourcing Spec

Primary Responsibilities:

Sourcing & Procurement:

• Strategic Sourcing:
• Drive execution of Annual and Strategic Plans for sourcing, ensuring alignment with supporting strategies.
• Support development and implementation of Commodity Strategies, including spend analysis, benchmarking, and evaluating market trends and economic conditions.
• Ensure supplier selection, RFQ/RFI processes, negotiation, contracting, and supplier performance management are followed to optimize supply chain.
• Focus on improving working capital through strategies like payment terms extensions, payment cycle optimization, vendor-managed inventories, and reducing lead times.

Business & Data Analysis:

• Collaboration: Work with cross-functional teams and key stakeholders to gather detailed business requirements and understand their needs.
• Data Analysis: Leverage data analysis tools to identify trends, patterns, and insights that help inform business decisions.
• Business Process Modeling: Develop and document business process models to represent the current and future states of operations.
• Continuous Improvement: Identify opportunities for process optimization and contribute to initiatives aimed at improving overall operational efficiency.

Process & Tools:

• ERP & Project Management Tools: Utilize systems like SAP or relevant ERP systems, e-sourcing platforms, and project management tools to streamline procurement and business processes.
• Contract & Vendor Management: Contribute to the contract management process by supporting the supplier negotiation process and ensuring that contract terms align with the company's goals.

Qualifications & Experience:

YOU MUST HAVE:

• Bachelor's Degree in relevant field (Business, Supply Chain, Engineering, or related disciplines).
• Strong analytical and problem-solving skills to support data-driven decision-making.
• Proficiency in data analysis tools and techniques.
• Ability to collaborate effectively with cross-functional teams and communicate technical and business information to both technical and non-technical stakeholders.
• Experience with business process modeling and documentation tools (e.g., BPMN, Visio, etc.).
• Knowledge of project management methodologies and tools (e.g., Agile, Waterfall, MS Project, etc.).

WE VALUE:

• BTS Sourcing Experience: Knowledge of sourcing strategies and processes within the BTS (Business Technology Services) space.
• Experience in strategic sourcing, including vendor management and cost optimization.
• Project Management and/or Contract Management certifications or experience, demonstrating expertise in managing sourcing and procurement projects.
• Professional Certifications in Project Management, Supply Chain, Procurement, or Contract Management (e.g., PMP, CSCP, CPSM).
• Strong Communication & Negotiation Skills: Ability to influence internal stakeholders and manage supplier relationships to create opportunities for improvement.
• Demonstrated Business & Financial Acumen: Ability to evaluate market conditions, assess risks, and make data-driven decisions that drive profitability.
• Experience with SAP, e-sourcing platforms, Request for Quotation (RFQ) tools, and project management tools.
• Familiarity with Six Sigma and Lean methodologies, with experience in applying continuous improvement techniques.

Key Responsibilities in Strategic Sourcing:

• Commodity Strategy Execution: Support the development and execution of commodity strategies focused on cost reduction, market analysis, and global economic trends.
• Supplier Management: Drive supplier negotiations, implement effective supplier selection processes, and ensure high standards of supplier performance.
• Working Capital Management: Support initiatives that improve working capital, such as negotiating better payment terms and implementing vendor-managed inventories.

Key Responsibilities in Business Analysis:

• Data Analysis for Decision-Making: Analyze complex datasets to identify key trends and insights that guide business decisions.
• Process Optimization: Work with stakeholders to identify areas for process improvement, proposing solutions that streamline operations.
• Business Process Documentation: Develop process models to document both the current and future states of business processes, ensuring clarity and alignment across teams.

Tools & Technologies:

• ERP Systems: Strong experience with SAP or other relevant ERP platforms to manage procurement and supply chain processes.
• Project Management Tools: Proficiency in tools like Microsoft Project, JIRA, or Trello for managing and tracking sourcing and procurement projects.
• E-Sourcing Platforms: Familiarity with platforms that facilitate the RFQ process, supplier selection, and contract management.

Professional Skills:

• Ability to think strategically while focusing on operational efficiency.
• Strong attention to detail and the ability to manage multiple tasks and priorities in a dynamic environment.
• Self-driven with the ability to work independently with minimal supervision.
• Proactive problem-solving mindset to identify and address challenges early.
• Excellent interpersonal and communication skills, enabling effective collaboration with internal teams and external suppliers.