What are the responsibilities and job description for the Sr. Sourcing Specialist position at Comerica Bank?
Sourcing Senior Specialist
This position is responsible for executing the sourcing processes for medium/high complex projects for the selection of standard products/services.
The primary functions will be interfacing directly with business areas across the enterprise and at various levels of management. The objectives are to drive efficiency, solve business problems, achieve speed to market, manage risk, ensure compliance, manage demand and limit total cost of ownership as it relates to third party spend for products and services. The position will coordinate activities for sourcing and work with suppliers to obtain product and service pricing, availability and capability assessments based on the collection of business requirements.
Other job functions include analyzing opportunity, providing project updates, process management and supplier optimization. Additionally, this position is expected to support supplier diversity objectives and other corporate core values.
Responsibilities:
- Responsible for executing multiple sourcing projects through cross-functional collaboration and a disciplined approach to project management that enables consistent execution of the sourcing process.
- Present analysis around cost savings opportunities to Senior Management for consideration; responsible for tracking and reporting of spend and benefit (value/savings).
- Develop and negotiate commercial terms and strategies.
- Utilize e-Procurement systems to facilitate sourcing, contracting and purchasing activities.
- Conduct market research and analyze relevant data (benchmarking, spend, contracts) to support execution of supplier/sourcing strategies.
Qualifications:
- Bachelor's Degree OR 4 years of relevant experience
- 4 years of experience managing procurement/sourcing processes
- 4 years of experience in contract negotiations
- 4 years of experience in analytical and communication skills
- 4 years of experience interacting professionally with senior management
- 1 year of experience utilizing Microsoft Office applications
- Preferred CPM- Certified Purchasing Manager
8:00am - 5:00pm Monday - Friday This position offers a hybrid work model that includes onsite and remote days as determined by the manager
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.