Sourcing Analyst I

About the position The Sourcing and Procurement Specialist is tasked with appraising and enhancing purchasing activities by analyzing spend and supplier bases. Responsibilities include driving days to pay, negotiating prices, placing purchase orders, qualifying new suppliers, and improving on-time delivery. The role involves managing supplier relationships and ensuring compliance with all company policies and procedures, aiming to achieve the best overall value. A strong understanding of sourcing and procurement concepts, methods, and procedures is essential for executing these tasks. Responsibilities • Drive procurement activities on assigned projects to deliver a competitive advantage within the North American market and apply advanced sourcing and procurement best practices towards operational excellence. • Conduct RFQs, negotiate pricing and contractual terms. • Issue purchase orders and actively support the full procure-to-pay cycle. • Maintain full compliance with all applicable regulations when purchasing for U.S. Government and defense-related programs. • Follow up on PO acknowledgments, delivery status, and resolve delivery problems and schedule changes. Keep ERP system updated to reflect any changes. • Ensure all invoices are received promptly to support accurate processing and cash-flow management. • Facilitate the resolution of AP, logistics, and customs issues related to purchase orders. • Improve key performance metrics for the NA region, such as on-time delivery, savings against budget, year-over-year deflation, payment terms, cost of failure, and liquidated damage claims related to suppliers’ delays. • Develop reports, analyze spend, and apply sourcing and procurement methodologies to identify opportunities for cost reduction and cash flow improvements. • Resolve contractual and supplier disputes, protecting the interests of the business and engaging legal business partners where required. • Develop strong relationships with Engineering, Operations, Finance, Project Management, Quality, and other internal and external stakeholders. • Lead and maintain meetings, reviews, and communicate about project status. • Collaborate effectively with regional stakeholders and global sourcing members to interpret requirements, define, develop, and implement sourcing and procurement strategies to enhance business performance and outcomes. Requirements • Strong skills in purchasing, negotiation, supplier collaboration, supplier management, strategic sourcing, procurement, and supply chain. • Proficiency in Microsoft Excel and ERP systems, including Excel analysis. • Must-have skills include negotiation, purchasing, supplier collaboration, contract management, SAP, data analysis, RFQs, and purchase orders. • Flexibility to travel up to 10%, supporting both domestic and international business needs. • Bachelor’s degree from an accredited university or college in business-related areas. • Minimum of 2 years’ experience in commercial sourcing, procurement, supplier management, and contract negotiation, or 1-year experience plus an MBA/master’s degree in a relevant field. • Experience in purchase order execution. • Ability to be proactive and negotiate with vendors/suppliers when needed. • Fundamental knowledge of the sourcing and procurement process. • Experience in following up and expediting the procurement process from purchase to delivery. • Solid MS Office skills, including Excel formulas, VLOOKUP, and pivot table knowledge. • Strong verbal and written communication skills, as well as presentation and report preparation skills. • Excellent negotiation and analytical skills, with the ability to build strong relationships with suppliers and stakeholders. • Ability to execute sourcing and procurement tasks across multiple projects simultaneously. • Ability to assess supplier technical capability, supplier capacity, and develop new suppliers. • Data analysis skills. • Knowledge of SAP. Benefits • Medical, dental & vision • Critical Illness, Accident, and Hospital • 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available • Life Insurance (Voluntary Life & AD&D for the employee and dependents) • Short and long-term disability • Health Spending Account (HSA) • Transportation benefits • Employee Assistance Program • Time Off/Leave (PTO, Vacation or Sick Leave) Apply tot his job