Procurement Strategist
4 weeks ago
The Procurement Specialist supports the development, analysis, and execution of innovative procurement strategies that deliver sustainable enterprise value, including the achievement of cost reduction targets. The role monitors the delivery of key contracts, captures financial savings through negotiation of contract terms, conditions, and monitoring of supplier performance.
Main Responsibilities- Interact with internal stakeholders, understand their needs, and promote value creation.
- Conduct data analytics during different stages of the sourcing process.
- Develop the procurement category strategy and supplier market knowledge as it relates to locomotive parts and services.
- Build and handle the RFx process to evaluate supplier responses and prepare business cases to submit for management approval.
- Negotiate contracts with suppliers, including commercial and legal clauses.
- Lead contracts, supplier relationships, and supplier performance.
- Collaborate with Buyers to ensure all rates and agreements are appropriately administered in the Purchase to Pay (P2P) process.
- Ensure that all internal requirements in terms of compliance to procurement policy are met and addressed.
- Participate and support department-wide projects.
The role has standard working conditions in an office environment with a regular work week from Monday to Friday. The role requires minimal travel (up to 20%) within North America and abroad. Due to the nature of the role, the incumbent must be able to meet tight deadlines, handle pressure, and stress with shifting priorities.
Requirements- Between 1 to 3 years of experience in a similar role.
- Bachelor's Degree in Supply Chain Management, Business Administration, Engineering, Law, or equivalent.
- Knowledge of complex contractual Terms and Conditions, Statement of Works (SOW), Memorandum of Understanding (MOU), Letter of Intent (LOI) types of agreements.
- Knowledge of contractual financial aspects such as Net Present Value (NPV), Total Cost of Ownership (TCO), Consumer Price Index (CPI), and Producer Price Index (PPI).
- Ability to drive innovative analysis to understand market trends, cost drivers, suppliers, and best practices.
- Strong technical skills related to data tools and presentation of data.
- Knowledge of strategic sourcing best practices, P2P, and supplier performance principles.
- Basic knowledge of incoterms, customs, and documentation required for delivery within North America and international imports.
- Knowledge of commercial aspects of product and service categories.
- Knowledge of rail transportation or logistic industry.
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