Senior Sourcing Analyst
Location:
Minneapolis , Minnesota
Posted:
December 14, 2017
Reference:
17000601
Cummins is a place big enough to coach and develop a global workforce and create the world's leading clean, engine technology. We're also small enough for you to find your fit and personal passion with a team of dependable, innovative thinkers who are developing their careers within a diverse, inclusive, empowering environment.

Learn more about this role and how you can begin Working Right .

Our Power Generation Business Unit delivers reliable, durable, high performing products to our global partners. Working in an innovative space, you'll develop high tech solutions that will fuel your advanced career skill set and empower you to own your career. Our integrated businesses demand the talents and creativity of individuals with a wide range of skills and experience.

This is an exciting opportunity in Shoreview, MN for a Senior Sourcing Analyst. Cummins USA is where you can work on industry leading engineering projects such as New Product Development, Value Package Introduction and Systems Product Validation.

Your impact will happen in these and other ways:

Procures specialized items and executes complex buying strategies in accordance with agreed upon material buying plans at the optimum cost, quality and relationship. Conducts complex analysis of sourcing information and presents findings to purchasing and supply chain leadership for process improvement and cost reduction while maintaining high quality product and service delivery.
Independently procures inventory, supplies, and capital goods and arranges timely deliveries.
Analyzes complex sourcing and purchasing initiatives and processes in support of the delivery of cost effective and high quality goods and services.
Prepares and presents to senior purchasing/sourcing leadership recommendations of improvement opportunities and alternative courses of action.
Evaluates consistent application of sourcing procedures and processes.
Supports purchasing/sourcing management in activities such as price benchmarking, vendor management, industry and market analysis, process analysis, and model building.
Leads analysis projects/initiatives providing coaching to less experienced analysts.
Negotiates select contracts; develop effective relationships with vendors and suppliers favorable for company business.
Interviews sales representatives and vendors.
Consults with the Law Department to ensure legal compliance and mitigate risk for the Company.
Qualifications:
Skills
Financial analysis - Applies financial analysis as part of their work. Is able to perform complex analysis (i.e. multiple account or multiple business analysis; new product or new business analysis, pricing analysis, statistical analysis) and is able to perform analysis in a wide range of work situations. Is able to interpret the results of financial analysis, draw conclusions, provide guidance and influence decisions. Identifies and leads analysis and is accountable for conclusions. Is able to train and coach others in financial analysis. Able to use advanced MS Excel functionality.

Manage execution - Demonstrated results indicating deep knowledge of managing execution. Coordinates performance across regions, teams, and departments on complex projects and work flows. Applies a broad range of planning and monitoring tools. Defines planning and review practices that result in few missed milestones and minimal surprises. Effectively delegates to ensure completion of complex projects and work. Monitors progress of others and redirects efforts when goals change or are not met. Measures effectiveness of execution through defined metrics and disciplined monitoring.

Sourcing process - I understand the steps in the sourcing process; I have developed relationships with my functional stakeholders so that I am now sometimes involved in a project when a business need is identified. I understand the discipline and process associated with industry, market and category analysis; I assimilate the available data to develop performance metrics and create a TCO (total cost of ownership) pricing model. I am capable of analyzing supplier financial risk, using standard resources (such as Dun & Bradstreet reports and other similar tools). I fully engage my functional stakeholders to define the business, technical and qualitative requirements and can accommodate differences in competencies and expectations so that supplier responses may be evaluated objectively.

Purchasing ethics - I understand appropriate and harmless supplier engagements and do not compromise supplier sourcing, selection, or management processes. I am able to apply judgment to potentially questionable relationships and activities and am confident that I make appropriate decisions in each case. I provide consultation / support that conforms to Cummins standards to others in my area but am not knowledgeable outside the countries in which I have worked for at least three years.

Supplier risk analysis - I am familiar with all elements of supplier risk and the tools used to identify and manage those risks. I routinely perform supplier risk analyses, including financial analysis as well as identifying potential supply chain disruptions. I can analyze the data to make important business decisions. I also thoroughly understand the risks inherent in sharing intellectual property. I have implemented pricing strategies to mitigate pricing volatility due to commodities, currency or inflation influences.

VPI - Understand the requirements of VPI as they impact my organization in planning, controlling and assuring product and process quality. (Note: Design for Six Sigma training is a method for learning the tools used in VPI for deliverable achievement.

Supplier contract mgmt - Understand the elements of a supply contracts and have used the contract to clarify the suppliers accountability to the terms and conditions.

Materials agreement knowledge - I have completed at least one materials agreement based on a template provided with significant oversight by my functional director.

Education, Licenses, Certifications
College, university, or equivalent degree in supply chain management or a related subject required. Experience
Intermediate level of related work experience required

Compensation and Benefits
Base salary rate commensurate with experience. Additional benefits vary between locations and include options such as our 401(k) Retirement Savings Plan, Cash Balance Pension Plan, Medical/Dental/Life Insurance, Health Savings Account, Domestic Partners Coverage and a full complement of personal and professional benefits.

Cummins and E-verify
At Cummins, we are an equal opportunity and affirmative action employer dedicated to diversity in the workplace. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law. Cummins validates right to work using E-Verify. Cummins will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee's Form I-9 to confirm work authorization.

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