Sr Sourcing Analyst

POSTING DEADLINE

This position is posted until filled.

DEPARTMENT

Department: Sourcing

JOB DESCRIPTION

Sr Sourcing Analyst 

 

 

Given the financial nature of this position, this position has been defined as a position requiring a credit check.  Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.  

SUMMARY:  

Under limited supervision, completes the sourcing process for high-dollar and high-risk projects and contracts.  Supports the sourcing and procurement processes.  Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures, including but not limited to continuous process improvement.  Acts as project manager to direct and coordinate assigned objectives.  Administers and reviews contracts.  

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Ensures that the company follows the approved purchasing process 

Assists with opportunity assessment and prioritization of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis

Develops and maintains sourcing strategies

Understands and standardizes company commodity needs

Manages the bid process and leads cost reduction activities and achieves annual improvement targets

Develops and implements all supplier selection criteria and plans, chooses suppliers, leads negotiations, implements contracts, and manages supplier performance

Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met

Implements supplier-sourcing strategies to ensure high quality, on time delivery and cost competitiveness 

Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc

Ensures best in class supply chain management and procurement processes including leading and auditing process improvement activities and automation initiatives

Develop process documentation and manuals, process training documents and process training sessions

Prepares RFI/RFQ/RFP process with requesting departments, evaluates proposals, selects bidders, manages the selection process, and prepares executive summaries

Develops and manages business processes for web-based sourcing practices (Reverse  Auction) 

Conducts formal business reviews with key suppliers to discuss performance on a regular basis.

Advises client departments on procurement-related policies and procedures, including best practices regarding purchasing activities, tactics and contractual terms

Develop and maintain contract management systems

COMPETENCIES:                   

Advanced knowledge of contracts and experience in contract negotiations

Knowledge and experience with application of strategic sourcing best practices

Demonstrated experience with contract negotiation

Demonstrated project management and financial analysis skills

Advanced interpersonal skills        

QUALIFICATIONS                    

MINIMUM EDUCATION AND/OR EXPERIENCE:  

Bachelor's degree from a four-year college or university preferably in business administration, materials management, supply-chain management, or similar discipline, with five to seven years of related experience, or equivalent combination of education and/or experience related to the discipline.

CERTIFICATES, LICENSES, AND REGISTRATIONS:

Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred.

COMMUNICATION SKILLS:                   
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations

Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form

Ability to write reports business correspondence, and procedure manuals

Ability to speak effectively before various groups 

Advanced negotiation skills and ability to gain concessions without damaging relationships  

MATHEMATICAL SKILLS:                   
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume
Ability to apply concepts of basic algebra and geometry

COMPUTER SKILLS:

Knowledge of word processing, spreadsheet, and presentation software

Ability to work with purchasing/eprocurement systems and process modeling applications

ANALYSIS AND PROBLEM-SOLVING ABILITY:  

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist.  Ability to lead and successfully implement projects.  Ability to review financial and other business data, and to summarize that information for management. 

PHYSICAL DEMANDS:                   

Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time.  Good vision and ability to adjust focus is required.  Manual dexterity is required.  Must occasionally lift and/or move up to 10 pounds.

WORK ENVIRONMENT:                   

Office environment.

SAFETY AND ADA STATEMENT

Safety Statement:
Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.

Americans with Disabilities Act (ADA) Statement: 
If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.

Equal employment opportunity, including veterans and individuals with disabilities.

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