Job Summary: Conducts complex analysis of markets, supply chains, and supply base; applies analysis to sourcing process improvement initiatives. Identifies qualified suppliers and executes sound source selection processes. Has regular interface with suppliers within area of responsibility and maintains the supplier relationship. Understands how key procurement principles are used toward assuring supply.
Sources specialized items and executes complex sourcing strategies in accordance with agreed upong sourcing strategy / plans at the optimum cost, quality and relationship. Key Responsibilities: Independently carries out sourcing activities with full consideration for the impact of those activities on the end-to-end supply chain. Executes sourcing tactics of varying complexity in accordance with established category/commodity strategies reflecting the optimum cost, quality, delivery.
Participates in sourcing and category commodity strategy formulation. Analyzes complex sourcing and procurement initiatives and processes in support of the delivery of cost effective and high quality goods and services. Prepares and presents to senior procurement/sourcing leadership recommendations of improvement opportunities and alternative courses of action. Ensures consistent application of sourcing procedures and processes.
Supports procurement/sourcing management in activities such as price benchmarking, vendor management, industry and market analysis, process analysis, and model building. May lead a team of sourcing analysts and specialists at the business unit category and/or international procurement organization (IPO) regional level. Leads analysis projects/initiatives providing coaching to less experienced analysts and specialists.
Negotiates select contracts. Develops and maintains effective relationships with suppliers to the benefit of both parties. Understands the importance of compliance and is alert to situations that can pose risk to Cummins Inc. Competencies: Action oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm. Balances stakeholders - Anticipating and balancing the needs of multiple stakeholders.
Business insight - Applying knowledge of business and the marketplace to advance the organization’s goals. Data Analytics - Discovers, interprets and communicates qualitative and quantitative data; determines conclusions relying on knowledge of business or functional frameworks; simultaneously applies statistics, data validity, data visualization, and problem solving approaches to effectively extract meaningful patterns and business insights; presents conclusions and outcomes that enable data driven business decisions.
Category Strategy Development - Establishes category strategy using Total Value Performance (TVP) approach to define the Supply Base, Tooling and Technology Strategy to meet all current and future Cummins' needs; Manages risk and inclusion of diverse suppliers. Cost and Value Management - Establishes and controls product and service costs using functional tools to deliver and track product and services at competitive prices.
Ensures competitiveness of Cummins products in our markets while preserving desired margins. Utilizes Total Cost Opportunity (TCO) model methodology. Intellectual Property Management - Assures protection of Cummins Intellectual Property to optimize the use of intellectual property for Cummins future competitive advantage by engaging the Legal and Procurement function; assures Cummins’ intellectual property ownership rights are clearly defined in executed agreements.
Negotiations Excellence - Utilizes tools and methods in negotiations to achieve Cummins stakeholder objectives and achieve a mutually agreed upon all contract terms between all parties. Procurement Ethics - Avoids supplier engagement that may compromise supplier sourcing, selection, and management processes and seeks counsel to ensure compliance. Procurement Policies