Job Summary
The Procurement Specialist is responsible for supporting the development, analysis and execution of innovative procurement strategies that deliver sustainable enterprise value including achievement of cost reduction targets for the Rail Services category (Welding, Grinding, Material Handling & Rail Flaw Detection). The incumbent monitors the delivery of key contracts, capture of financial savings through negotiation of contract terms, conditions and monitoring of supplier performance. In addition, the role works with Manager, Category to analyze and present data during the baseline, strategize and deliver phases of the category management process, and develop sourcing project plan, prepare procurement process documentation and handle the event through to evaluation and final recommendation.
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
Build and handle the Request for Proposal (RFP) process, evaluate supplier responses, and prepare business cases to submit for management approval
Negotiate contracts with suppliers (e.g., commercial and legal clauses)
Manage supplier relationships and performance
Collaborate with buyers to ensure all rates and agreements are appropriately administered in the Purchase to Pay (P2P) process (i.e., System, Applications and Products (SAP), Ariba, Fieldglass)
Ensure that all internal requirements in terms of compliance to procurement policy are met and addressed
Working Conditions
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 10%) within North America.
Requirements
Experience
Minimum of 3 years experience in a similar role
Education/Certification/Designation
Bachelor's Degree in Supply Chain Management, Business Administration, Engineering, or Law or equivalent
Competencies
Demonstrates active listening
Sets direction and inspires others
Communicates with impact
Collaborates with others and shares information
Applies critical thinking
Demonstrates agility and drives change
Knows the business and stays current on industry needs
Technical Skills/Knowledge
Extensive knowledge and ability to understand complex contractual Terms and Conditions, Master Services Agreements (MSAs) and Statement of Works (SOW)
Knowledge of contractual financial aspects such as Net Present Value (NPV), Total Cost of Ownership (TCO), Consumer Price Index (CPI)/ Producer Price Index (PPI)
Good analytical skills and knowledge of MS Office applications.
Knowledge of strategic sourcing best practices
Knowledge of Procure-to-Pay process (P2P)
Knowledge of supplier performance principles
Knowledge of commercial aspects of service categories
Knowledge of rail industry
Effectively handles multiple priorities and adapts in a fast-paced business setting.
Any knowledge for these above would be considered as an asset
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