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Procurement Specialist
2 months ago
Job Summary
We are seeking a highly skilled Procurement Specialist to join our team at CP. As a key member of our Mechanical Procurement team, you will be responsible for managing a portfolio of approximately $500M in spend, ensuring the continuity of supply for all materials, assets, and services for the Mechanical department.
Key Responsibilities
- Develop and implement sourcing plans for a range of goods and services, contributing to the development of strategic procurement initiatives.
- Negotiate contracts for goods and/or services required by internal customers, ensuring optimal pricing and terms.
- Develop contract agreements, incorporating results of negotiations and best business practices, to ensure compliance with company policies and procedures.
- Develop Business Cases providing the business reasons for the recommendation, to support procurement decisions.
- Oversee implementation and effective application of agreements for contract term, ensuring timely and cost-effective delivery of goods and services.
- Develop Requests for Information, Proposals (RFI, RFP) as required, analyzing bids, information and proposals, developing alternatives, performing value analysis to determine best price/value relationships and making recommendations.
- Achieve Cost Savings Initiatives, Capital Budgets, and Continuity of Service, through effective procurement strategies and negotiations.
- Protect CP's interest through vendor negotiated and executed agreements and adherence to internal safety and security requirements.
- Recommend long and short term sourcing strategies for reducing total ownership costs of goods and services based on economic, financial and market research and analysis of the supply base and demand variables, identifying pricing targets for CP, as appropriate, through the use of various benchmarking and analytical tools.
- Lead continuous improvement processes with internal customers and external suppliers leading to reduced costs for CP.
Requirements
- University degree (graduate preferred) in a discipline with substantial quantitative content such as supply chain management, economics, business/commerce, or equivalent.
- At least 2 – 5 years' experience in the sourcing and procurement or related field, or strong business knowledge and negotiations experience in the sourcing Mechanical (Locomotive/Car) material and services.
- Demonstrated overall business acumen.
- Strong analytical skills, strategic thinker, good business case analysis and ability to translate customer technical requirements into sourcing deliverables.
- Detail-oriented, self-starter with strong initiative.
- Proficiency in all Microsoft applications, with good working knowledge in Excel.
- Knowledge in SAP & ARIBA would be a strong asset.
- Demonstrated written and oral communications skills.
- Excellent organizational skills, ability to work well in cross functional teams and manage several projects at once.
- Strong focus on delivering to internal customer requirements.
- Knowledge of CP business - experience in more than one functional area would be an asset.
What CP Has to Offer
- Flexible and competitive benefits package.
- Competitive company pension and/or retirement plans.
- Employee Share Purchase Plan.
- Performance Incentive Program.
- Annual Fitness Subsidy.
- Part-time Studies Program.