Job Summary
The Procurement Specialist is responsible for driving savings and implementing contractual protections for the company. Tasks include leading sourcing events as well as facilitating the contracting and procurement processes. A solid knowledge of all aspects of the sourcing, contracting and procurement processes is required. The position is expected to work with key internal and external stakeholders to gather requirements, conduct spend analyses, perform market and supplier analysis, facilitate the bid/proposal process, develop and use supplier evaluation criteria, conduct negotiations, formulate purchase orders and contract documents, manage invoicing exceptions, and manage supplier performance including issue resolution. This position will also coordinate with internal customers to create sourcing strategies that deliver quantifiable savings.
Job Description
Key Accountabilities
• Sourcing
• Lead multiple sourcing events across categories under Luminant Fossil Operations
• Analyze spend and develop cost savings estimates
• Work with key stakeholders and Sourcing Managers to gather business and technical requirements (scope of work)
• Conduct market analysis to profile the commodity based on business value and buyer influence
• Contracting & Procurement
• Conduct supplier negotiations, including negotiating commercial and legal terms.
• Draft, implement and manage contract expirations, renewals, amendments, terminations, etc
• Supplier Relationship Management
• Develop and manage Suppliers capable of meeting safety, quality, cost, timing and technology expectations.
• Communication with internal stakeholders regarding their needs for materials and service, their perspective on supplier performance, etc.
• Conduct regular business reviews with Suppliers to address any performance improvement plans, savings opportunities, innovation, market trends, etc.
• Supplier Diversity
• Support and promote Vistra's supplier diversity program
Education, Experience & Skill Requirements
• 5+ years managing large sourcing events and negotiating commercial & legal terms
• Demonstrated problem-solving and strong analytical skills - able to construct/execute multiple analyses (e.g. TCO, NPV; cost-price analyses) simultaneously
§Proficient with Microsoft Word, Excel, PowerPoint,
§Certifications - CPM or CPSM preferred
• High school diploma or equivalent
• Experience gained through college degree programs and/or certifications is applicable to above skills
Key Metrics
• Responsible for the timely and efficient procurement of equipment, materials, supplies and services for categories managed within Luminant Fossil Operations.
• Accountable for the creation of real value, including price savings, supplier productivity, and potential revenue generation through sourcing events and negotiations.
• Lead cross functional teams in supplier sourcing actions and communicate with key stakeholders
• Maintain accurate data in contracting and purchasing systems
• Manage contract expirations and renewals
Job Family
Supply Chain
Company
Vistra Nuclear Operations Company
Locations
Irving, Texas
Texas
