Procurement Specialist

Job Title: Procurement Specialist

FLSA Status: Exempt

Department: Supply Chain Services

Reports to: Procurement Leader

Flex Work Eligible! This position qualifies for the Flexible Work Policy. Employees receive 75 work days annually to work from home! The initial amount of days is prorated for the first year based on start date.

GENERAL DESCRIPTION / PURPOSE:

The Procurement Specialist is responsible for commodities in manufacturing to drive quality, delivery, cost, efficiency and sustainability of the material. Perform activities to accomplish cost, schedule and quality in the procurement of commodities. Support and lead procurement efforts, and contractual terms, optimize cost and delivery to ensure material to support technical, production and service. Ensuring procurement actives are deployed with stakeholders, internal customers and suppliers, they impact on-time delivery, and equipment uptime performance, and contribute to cost control activities and customer satisfaction. Manage multiple supplier relationships < 50 with a small to mid-sized complex portfolio of commodities <30M. They support procurement in fabrication, drive train, electrical, hydraulic, MRO or contract manufacturing. Drive initiatives that develop value, improve efficiencies and long-term cost avoidance.

ESSENTIAL JOB FUNCTIONS:

Operational Excellence

• Work with engineering, marketing, sales and suppliers to drive strategies that influence technical design decisions and capabilities. Support cross-functional project team and maintain relationships to manage procurement activities and deadlines
• Manages supplier relationships for improvements to materials and services, price and marketing changes, processes and other supplier changes that can affect the delivery of product
• Drive supplier performance, contract effectiveness, collaboration and integration and deliver improved results with suppliers. Responsible for supplier performance based on key performance metrics for quality, delivery and cost
• Conduct follow-up purchase price variance activities, budgeting, forecast and actual and annual price negotiations as well as other initiatives for commodities

Supplier Relationships and Management

• Conduct detailed demand, spend, cost and market analysis and a structured approach to tendering and negotiating with suppliers on the assigned commodity strategy
• Actively drive and implement for performance improvement and cost reduction opportunities by understanding customer needs, supply market trends and innovation
• Require compliance from suppliers to contracts and purchase order terms and conditions, involving all the performance parameters for which they are contractually responsible
• Implements and maintains supply base management techniques and consolidated solution procurement

Procurement Process

• Utilize effective procurement processes to evaluate and negotiate with qualified suppliers for required materials
• Manage the procurement process on small to mid-sized projects within the direct material and contract manufacturing categories while working through engineering change orders and non-conformance reporting with suppliers
• Issue and support the RFI process to obtain best cost/quality/speed of purchased parts, while working to maintain ERP system data integrity
• Review and update instructions and recommendations regarding purchasing processes and procedures. Implement changes to ISO work instructions

REQUIRED QUALIFICATIONS:

Education: Bachelor’s Degree in business, supply chain, engineering, finance, or related field

Experience:

• 3+ years of Procurement, Sourcing, Supply Chain, or related experience
• Proven project management experience in managing and facilitating a team
• Strong background working cross-functionally with manufacturing, engineering, marketing, and other business functions

Knowledge, Skills, and Abilities:

• Expertise in all Microsoft applications, and general ERP systems (IFS knowledge a plus)
• Excellent oral and written communication skills with demonstrated ability to work and influence others from different functional areas at all levels in and outside the organization
• Must be a self-starter with the ability to multitask proactively, and is highly motivated with strong organizational skills

Or 7+ years of a combination of education and experience in Procurement, Sourcing, Supply Chain or Purchasing

PREFERRED QUALIFICATIONS:

• Experience within a manufacturing environment
• Procurement certification (CPM/CPSM/APICS) MBA a plus
• Strong knowledge of process improvement tools and techniques (lean, 6 Sigma)
• Skilled in developing meaningful presentations and presenting to a larger audience at all levels of the organization
• Capability of working with design documentation/engineering drawings

WORKING CONDITIONS:

The physical demands described here represent those that must be met by an employee to successfully perform the essential functions of the role. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Office deskwork, requiring sitting, walking, using phone & computer
• Fast-paced environment with changing priorities
• May include up to 15% travel domestically
• Can tolerate variable and sometimes challenging conditions during visits or inspections of company equipment in a railroad environment

Benefits for this role include a comprehensive package with company-sponsored medical, dental, and vision insurance; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; wellness programs; basic life and AD&D insurance; voluntary life insurance; company paid short-term and long-term disability coverage; 401(k) retirement plan including an employer match of 150% up to the first 6% you contribute to the Plan; Employee Assistance Program (EAP); behavioral health support; and leaves of absence. Additional benefits include tuition reimbursement, payroll charity contributions, adoption assistance and optional plans such as legal, critical illness, and hospitalization.

Loram determines compensation based on factors such as skills, competencies, education, and/or experience. Certain positions may be eligible for an annual bonus and paid time off in addition to base compensation.

Starting pay for the position is between $66,600.00 - $81,600.00

Loram is proud to be an Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.

Loram is an Equal Opportunity Employer and will make all employment-related decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, marital status, familial status, status with regard to public assistance, membership or activity in a local commission, protected veteran status, or any other status protected by applicable law.

Rev. 12.2023