Sourcing Analyst

GENERAL DESCRIPTION / PURPOSE: The Manager, Sourcing is responsible for handling Loram's end to end sourcing activities related to both direct and indirect material purchases. Focused on quality, cost and delivery, he and his team are responsible for appraising and improving our sourcing a ctivities by analyzing the company's spending, supplying partnerships and new possibilities. ESSENTIAL JOB FUNCTIONS: Manage the company's supply portfolio ensuring transparency of spending. Generate and implement efficient sourcing and category management strategies Analyze and calculate costs of procurement and suggest methods to decrease expenditure Optimize sourcing procedures to attain maximum efficiency Coordinate with stakeholders to guarantee agreement on terms and processes Perform cost and scenario analysis, and benchmarking to determine the most cost efficient and reliable materials needed. Establishes preferred supplier selection criteria based on supplier evaluations of price, quality, delivery, certifications, and compliance with governmental procurement regulations. Manage the daily activities of the procurement of raw materials, parts equipment and operating supplies required. Responsible for embracing and driving lean enterprise systems throughout the procurement process. Identifies raw material requirements from production specifications, operational schedules and engineering quality requirements. Establishes procedures to leverage the company's position. Develop crisis management and supplier backup contingency programs. Ensures purchases and capital expenditures are consistent with strategies and within department budgets. BEHAVIORAL COMPETENCIES: Action Oriented Building Customer Loyalty Creating a Service Reputation Customer Focus Organizational Agility Problem Solving REQUIRED QUALIFICATIONS: Education: Bachelors Degree in Business, Engineering or Supply Chain/Material Management