Sourcing Specialist

In this Sourcing Analyst role, duties will include (but are not limited to): Providing tactical, administrative support for the Sourcing team Running monthly reports Tracking progress on projects and reporting out status Helping other team members get new parts set up in the system The ideal candidate will have 2+ years’ experience in purchasing (preferred) or supply chain Proficient in Excel Demonstrated success with data analysis Good written and verbal skills Summary Conducts complex analysis of markets, supply chains, and supply base; applies analysis to purchasing process improvement initiatives. Identifies qualified suppliers and executes sound source selection processes. Has regular interface with suppliers within area of responsibility and maintains the supplier relationship. Understands how key purchasing principles are used toward assuring supply. Key Responsibilities Independently carries out sourcing activities with full consideration for the impact of those activities on the end-to-end supply chain. Executes sourcing tactics of varying complexity in accordance with established category/commodity strategies reflecting the optimum cost, quality, delivery. Participates in sourcing and commodity strategy formulation. Analyzes complex sourcing and purchasing initiatives and processes in support of the delivery of cost effective and high-quality goods and services. Prepares and presents to senior purchasing/sourcing leadership recommendations of improvement opportunities and alternative courses of action. Ensures consistent application of sourcing procedures and processes. Supports purchasing/sourcing management in activities such as price benchmarking, vendor management, industry and market analysis, process analysis, and model building. May lead a team of sourcing analysts and specialists at the business unit and/or international purchasing organization (IPO) regional level. Leads analysis projects/initiatives providing coaching to less experienced analysts and specialists. Negotiates select contracts Develops and maintains effective relationships with suppliers to the benefit of both parties. Understands the importance of compliance and is alert to situations that can pose risk to Cummins Inc. Qualifications and Competencies Balances stakeholders - Anticipating and balancing the needs of multiple stakeholders. Business insight - Applying knowledge of business and the marketplace to advance the organization’s goals. Negotiations Excellence - Utilizes tools and methods in negotiations to achieve Cummins stakeholder objectives and achieve a mutually agreed upon all contract terms between all parties. New Product Development Sourcing - Leverages new product development process by executing the category team strategy when selecting suppliers to deliver the Value Package Introduction and meet timing, cost and quality targets. Product Life Cycle Management - Identifies and executes changes to the product portfolio in response to evolving market dynamics and customer needs Source to Pay Principles - Leverages key principles of the Source to Pay process to smoothly execute sourcing decisions, order placement, material/service acquisition and on-time payment of Suppliers. Sourcing - Utilizes the purchasing functional system to support the Request For Quote process and establish a Total Cost of Ownership comparison of suppliers based on the category strategy and define the supplier that is most likely to meet Cummins and customer’s needs. Supplier Capacity Management - Leverages Cummins marketing forecast processes and data required from suppliers for capacity planning; negotiates capacity requirements in supplier contracts to deliver the lowest Total Cost of Ownership; links interrelationship between capacity management and product quality; assesses suppliers to ensure they are capable of meeting Cummins total demand for both production and aftermarket. Supplier Contract Development - Creates contracts to cover commercial and legal relationship between Cummins and supplier; incorporates commercial requirements and laws of regions, drive consensus amongst stakeholders and develops a mutually agreed and legally approved contract created using a Direct Supplier Supply Agreement (DSA) and the C-Review Process and Negotiations Excellence skill. Supplier Contract Management - Assesses and enforces contractual terms and conditions; monitors key performance indicators throughout the term of the contract to ensure we reach the intended value of the contract; manages supplier delivery of product to Cummins requirements. Supplier Tooling Management - Manages supplier tooling strategy by noting the impact on Total Value Performance throughout the product life cycle to accurate piece price, leverages Cummins owned tooling procedure and ensures continuance of supply from that supplier or another by use of that specific tooling, by using proper Letters of Intent and bailment agreements; tracks and maintains inventory of which tooling Cummins has paid for and owns. Education College, university, or equivalent degree in supply chain management or a related subject required. #J-18808-Ljbffr