Sourcing Analyst II

PNM Resources

$84K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business administration, materials management, supply-chain management, or related field
  • 2-3 years of experience in sourcing or procurement
  • CPIM or CPM certification preferred
  • Strong project management and financial analysis skills
  • Advanced negotiation skills and interpersonal abilities

Responsibilities

  • Manage sourcing for less complicated commodity categories
  • Develop and maintain sourcing strategies and supplier selection criteria
  • Assess opportunities for cost reduction and trends in global supply
  • Standardize company commodity needs
  • Lead bid processes and support supplier performance management
  • Develop long-term supplier relationships for continuous improvement
  • Implement supplier-sourcing strategies for quality delivery and cost competitiveness

Benefits

  • Opportunity for professional growth and skill development
  • Engagement in high-dollar, high-risk projects
  • Participation in strategic sourcing initiatives
  • Collaboration with diverse suppliers
  • Support in achieving annual improvement targets
Full Job Description
POSTING DEADLINE

This position is posted until filled.

DEPARTMENT

Department: Sourcing

PREFERENCES

CPSM Certification preferred

JOB DESCRIPTION

Sourcing Analyst II

Salary Grade: G08
Midpoint $84,916

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 general 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. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Manages key functions on less complicated commodity categories

Develops and maintains sourcing strategies

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

Understands and standardizes company commodity needs

Identifies and investigates all cost of ownership opportunities, including non-purchase price driven opportunities

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

Develops and implements all supplier selection criteria and plans, chooses suppliers, negotiates and implements contracts, 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

Ensures best in class supply chain management and procurement processes

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

COMPETENCIES:

Knowledge of contracts and contract administration

Demonstrated project management, financial analysis, and product costing skills

Ability to think strategically and analytically

Ability to demonstrate advanced interpersonal skills

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelor's degree from four-year college or university in business administration, materials management, supply-chain management, or similar discipline, with two to three 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 and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals

Ability to write routine reports and correspondence

Ability to speak effectively before groups of customers or employees of organization

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.

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