Procurement Sourcing Analyst

PSECU Pennsylvania State Employees Credit Union; Pennsylvania; Hybrid; USD 70,000 - 90,000; Full time

Job summary

Join PSECU Pennsylvania State Employees Credit Union as a Sourcing Specialist where you will lead the bidding process, negotiate vendor contracts, and support various spend categories. This role is crucial for facilitating supplier selection aligned with operational goals.

With a hybrid work model, you will split your time between in-person and remote work, ensuring effective vendor management and optimization of procurement strategies. You will need a Bachelor's degree and at least 6 years of experience in a relevant field.

Qualifications

• Bachelor's degree in a relevant field is mandatory.
• 6 years of experience in Procurement or Strategic Sourcing required.
• Any equivalent combination of experience and education will be considered.

Responsibilities

• Lead the bidding process and negotiate contract terms.
• Support IT category and others in vendor selection.
• Analyze spend data to optimize procurement strategies.
• Facilitate vendor demonstrations and contract negotiations.

Skills

Vendor relationship management

Negotiation

Analysis and evaluation of proposals

Collaboration with stakeholders

Conducting RFPs, RFQs, RFIs

Education

Bachelor's in Business Administration/Management

Bachelor's in Finance

Bachelor's in Information Technology

Bachelor's in Logistics/Supply Chain Management

Equivalent combination of experience and education

Job description

Responsibilities

Assist in identifying capable vendors, lead competitive bidding process, negotiate contract pricing and terms, and optimize vendor relationships.

Support the IT category as well as multiple other assigned spend categories.

Facilitate the selection of suppliers that support the organization's operational and strategic efforts.

Perform work under minimal supervision, handling complex issues and problems and referring only the most complex issues to higher-level staff, possessing comprehensive knowledge of subject matter.

Develop and execute Requests for Proposals (RFPs), Requests for Quotes (RFQs) and/or Requests for Information (RFIs) based on identified business needs, market conditions, and organizational standards.

Partner with lines of business to help secure suitable vendors that meet quality, capability, and time requirements at best price.

Partner with stakeholders to align the sourcing process to the strategic plan for the line of business by clarifying objectives, approach, and timelines.

Ensure appropriate buy-in, support, participation, and communication throughout sourcing initiatives.

Conduct analysis, evaluation, and scoring of vendor proposals according to established criteria.

Coordinate activities such as vendor demonstrations, reference calls and on-site visits.

Facilitate contract negotiations in conjunction with business partners and Legal to help ensure competitive pricing and favorable terms, tracking results of the sourcing initiatives, including any achieved savings or enhanced services.

Analyze spend data to identify opportunities to optimize spend for assigned categories as well as create bid analyses to support vendor selection.

Other duties as assigned.

Qualifications

• Bachelor's: Business Administration/Management
• Bachelor's: Finance
• Bachelor's: Information Technology
• Bachelor's: Logistics / Supply Chain Management
• Bachelor's (Required)
• 6 years' experience in a Procurement, Strategic Sourcing, or Category Management role.
• Required any equivalent combination of experience and education.

Schedule

Monday - Friday, 8:00am - 4:00pm.

Location

Hybrid model both in person and remote with minimum of onsite expectation of 40% or as needed.