Sourcing Analyst

DESCRIPTION

We are looking for a talented Sourcing Analyst to join our team specializing in Purchasing for our Troy, MI location.

In this role, you will make an impact in the following ways:

• Action Oriented: You'll tackle new opportunities and tough challenges with urgency, high energy, and enthusiasm, driving progress and innovation.
• Balances Stakeholders: By anticipating and balancing the needs of multiple stakeholders, you'll ensure that everyone's interests are considered, fostering collaboration and satisfaction.
• Business Insight: Applying your knowledge of business and the marketplace, you'll advance the organization's goals, making strategic decisions that benefit the company.
• Communicates Effectively: You'll develop and deliver multi-mode communications that convey a clear understanding of the unique needs of different audiences, ensuring messages are received and understood.
• Manages Conflict: Handling conflict situations effectively, with minimal disruption, you'll maintain a harmonious work environment and resolve issues promptly.
• Data Analytics: You'll discover, interpret, and communicate qualitative and quantitative data, extracting meaningful patterns and business insights that enable data-driven decisions.
• Confidential Disclosure: Protecting confidential information, you'll ensure that all interactions with suppliers are secure and compliant, safeguarding both Cummins and supplier information.
• Cost and Value Management: By establishing and controlling product and service costs, you'll ensure competitiveness in the market while preserving desired margins, utilizing Total Cost Opportunity (TCO) model methodology.

• Procurement Expertise: Develop a strong understanding of procurement processes, including placing purchase orders, managing inventory, and sourcing capital goods. Familiarize yourself with tools like Ariba IAC for managing invoices against contracts.
• Analytical Skills: Enhance your ability to analyze sourcing and procurement initiatives. This includes supporting cost-effective and high-quality goods and services delivery and providing Value Capture Summaries at month and quarter ends.
• Communication: Prepare and present recommendations for improvement opportunities and alternative courses of action to senior procurement/sourcing leaders. Effective communication will be crucial in conveying your insights and suggestions.
• Policy Adherence: Consistently apply sourcing policies, procedures, and processes. Ensure compliance with all relevant regulations and standards to maintain integrity and efficiency in procurement activities.
• Vendor Management: Support procurement/sourcing management in activities such as price benchmarking, vendor management, process analysis, market and industry research, and model building. Conduct minor contract negotiations and gather information for larger contracts.
• Document Management: Manage loading and retrieving legal and compliance documents into applicable storage systems to support regulatory, audit, and research activities. This will help ensure that all documentation is accurate and accessible.
• Six Sigma Projects: Participate in Six Sigma projects through active team membership or provision of data and market intelligence. This will help drive continuous improvement and operational excellence.
• Supplier Interaction: Interact with suppliers regarding payments and order fulfillment. Building strong relationships with suppliers will be essential for smooth procurement operations.

• This is a hybrid role which requires candidate to be in office 3 days per week (Tuesday, Wednesday, and Thursday) at the CDBS building in Troy, Michigan.
• The buyer for this role will be responsible for brake components and trailer castings
• This role has approximately $50M worth of annual spend to manage.
• Looking for candidate with some purchasing experience (internship experience is acceptable).
• The preferred qualification for the candidate is a Bachelor's degree in Supply Chain Management or Engineering.