Procurement Specialist

Job Summary

The Specialist, Procurement supports the development, analysis and execution of innovative procurement strategies that deliver sustainable enterprise value including achievement of cost reduction targets.

The role monitors the delivery of key contracts, capture of financial savings through negotiation of contract terms, conditions and monitoring of supplier performance.

In addition, the incumbent works with the Category Manager 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 lead 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 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 (, 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 (, System, Applications and Products (SAP), Ariba, Fieldglass)
• Ensure that all internal requirements in terms of compliance to procurement policy are met and addressed
• Participate and support department-wide projects

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 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

Experience

Procurement

Between 1 to 3 years of experience in a similar role

Education / Certification / Designation

Bachelor’s Degree in Supply Chain Management, Business Administration, Engineering, Law, or equivalent

Competencies

• Knows the business and stays current on industry needs
• Applies critical thinking
• Demonstrates active listening
• Identifies needs and finds solutions to create value for all stakeholders
• Communicates with impact
• Collaborates with others and shares information
• Demonstrates agility and drives change
• Sets direction and inspires others

Technical Skills / Knowledge

• 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 the 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*
• Any knowledge for any of the above would be considered as an asset
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