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Procurement - Senior Vendor Analyst at Solugenix.Inc

Procurement - Senior Vendor Analyst

Solugenix.Inc Irvine, CA Contractor
$65.00 - $72.00 / hour
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Procurement - Senior Vendor Analyst

Irvine, CA

12-month contract

Job ID 2020-4926

Solugenix is assisting a client, a prestigious and large investment management company in their search for a Procurement-Senior Vendor Analyst. This is a 12-month contract opportunity (with likely extension up to 24 months) based out of Irvine, CA. 

 

Qualifications:

  • Requires at least 7 years of experience.
  • Provides support to management through data consolidation, data analysis, and management reporting.
  • Utilizes software to generate metrics and develops actionable recommendations.
  • Provides support to research teams or management by collecting and analyzing data and reporting results.
  • Collaborates with various teams to achieve business results.
  • Ensures vendor compliance with existing ITG policies.
  • Responsible for leading and influencing strategic business area-specific and enterprise-wide sourcing activities and including category management, conducting sourcing events, leading negotiations, contracting and contract management, and supplier management.
  • Serves as a subject matter expert, as well as a lead and mentor to internal associates.
  • Demonstrates in-depth knowledge of Client enterprise strategy and key priorities, including the strategies, operations, and processes of the clients and business partners.
  • Demonstrates expert knowledge of negotiation techniques and methodologies.

Responsibilities:

  • Develop and execute Category Management strategies to achieve business objectives.
  • For the assigned category, develop a deep understanding of spend and collaborate with business partners and stakeholders to identify opportunities to increase quality and improve value.
  • Develop and maintain expert knowledge of respective markets, competitors, and product innovations.
  • Leads business area-specific and enterprise-wide strategic sourcing activities/projects, influencing business direction.
  • Identifies and leads sourcing project team; works closely with other staff, members of the business, and management to execute sourcing activities and establish project timelines.
  • Analyzes category/project spend data, considering impacts to budgets, as well as domain knowledge (e.g., cloud-based applications) and other expertise (i.e., knowledge of the marketplace, suppliers, competitors, operating models, and processes) to inform and develop sourcing strategies.
  • Conducts market analysis and applies broad industry knowledge and Client enterprise knowledge to sourcing strategies and recommendations.
  • Customizes communication (i.e., project updates) appropriate to the audience, ensuring content appeals to the core interests and values of our Client’s and business partners.
  • Negotiates and executes enterprise contracts for engagements that are high-dollar, high complexity, or high priority.
  • Negotiates contracts on behalf of Client, considering broad, strategic objectives as well as business area priorities; leverages multiple negotiation techniques and methodologies to achieve desired outcomes.
  • Partners with the business to determine objectives of negotiation (e.g., additional services, optimal value, favorable contract terms).
  • Consults with other subject matter advisors to ensure that the best interests of the Client are represented in negotiations.
  • Leads Sourcing project team which may comprise of representation from business, technology, finance, and procurement.
  • Partners with the business to develop complex Statements of Work (SOW) and SLA’s (Service Level Agreements).
  • Manages the interaction with Legal, Business Partners, and Suppliers throughout contract revisions and reviews.
  • Ensures the terms and conditions in the contract meet the business requirements; helps Business Partners understand contractual implications.
  • Manages the existing portfolio of contracts.
  • Understands and measures supplier performance for key suppliers and contracts.
  • Identifies changes that may alter an existing vendor risk profile; communicates findings to the Vendor Risk Assessment Process (VRAP) team and the Risk associates in the Performance Excellence group of Strategic Sourcing & Procurement (SSP).
  • Identifies and communicates broad category-related trends to the business.
  • Establishes and manages relationships with internal and external contacts.
  • Develops and maintains relationships with senior business leaders from multiple business areas within the Client.
  • Leverages relationships to maintain an understanding of the broad strategic initiative, as well as the business area’s operations and processes.
  • Considers business area priorities and operations, and broader, complex connections to Client enterprise, when consulting on and influencing sourcing event outcomes, managing projects, and defining key performance indicators and service level agreements.
  • Identifies opportunities to drive business decisions and influence broader outcomes (e.g., strategy, cost savings, process improvements).
  • Maintains on-going communication with suppliers and stakeholders to ensure mutually agreed upon delivery objectives are met; analyzes scorecards and dashboards to report on supplier performance, identifying opportunities for improvement, and discussing findings with internal and external contacts.
  • Provides leadership for the Sourcing Strategy team.
  • Provides expertise and mentors others.
  • Develops, recommends, and champions continuous improvement efforts.
  • Stays abreast of external sourcing strategy best practices and makes recommendations where applicable.
  • Performs additional responsibilities as assigned.

About the Client

Our client is an American financial services company. It ranks among the world’s oldest and largest investment management organizations. They have offices globally.

 

About Solugenix

For over 50 years, Solugenix has been a global technology development and services firm with locations in California, Arizona, India, and the Dominican Republic. As a pioneer in Professional Staffing and IT Consulting, we have partnered with some of the biggest global corporations across many industries. Our history was built on a foundation of partnerships with global brands like McDonald’s, Microsoft, CIT Group, Johnson & Johnson, Herbalife, Sony Pictures Entertainment, and many others who look to Solugenix to be their trusted partner in providing professional staffing, non-IT and IT solutions.

We live our core values in everything that we do, starting with “doing the right thing” for our employees/contractors and “committing to client success.” This is a big part of how we continue to make lists like [ Link removed ] - Click here to apply to Procurement - Senior Vendor Analyst”. We also forge strategic partnerships with vendors and corp-to-corp candidates (C2C) that share our core values and encourage you to partner with us.

In addition to generating ground-breaking, industry-defining solutions for our clients and our own projects, we partner with clients with whom we share core values and a common professional culture to help them find talent for their valuable opportunities. At Solugenix, we invest in the personal development and growth of every individual. While this is a position with one of our esteemed clients, Solugenix will continue to invest in your personal growth and development, providing you with a successful career as well as ensuring client success.

 

Recommended skills

Contract Management
Negotiations
Procurement
Vendor Analyst
Vendor Managed Inventory
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