Procurement Analyst

Company Name

Overview

This position will be responsible for supporting all aspects of direct materials procurement in close coordination with the Direct Materials Category Manager, including spend analysis, category strategy, reporting and supplier management. Additionally, you will act as the Business Partner for ARS's Leadership and establish a global material strategy in coordination with the Category Manager. Partnering with ARS's business leaders, suppliers, and customers to develop innovative sourcing arrangements aimed at reducing costs and mitigating risks will also be key components of the position.

Responsibilities

• Conduct supplier, spend and market analyses at the direction of the VP of Procurement and Category Manager.
• Understand the total spend, pricing structure, commercial terms, and trends within the responsible categories, including semi-finished goods and purchased finished goods. Possess in-depth knowledge of market dynamics and the supply chain.
• Leverage market knowledge and drivers to enhance ARS's sourcing capabilities for these critical materials and anticipate ARS's position relative to the industry.
• Meet or exceed all Operations Cost Reduction Targets related to these materials.
• Ability to evaluate and approve suppliers, direct supplier strategy.
• Lead cross-functional business activities that identify, qualify, negotiate, and successfully implement new suppliers or manufacturing processes to ensure supply reliability, cost reduction, and business profitability.
• Develop an understanding of ARS's product lines, market strategy, competition, technology to establish the link between raw material and product pricing.
• Understand parts, processes, and suppliers and be able to evaluate and support supplier/part strategies and ensure the strategies are implemented into New Product Launches.
• Ensure adequate supplier capacity, competitive supply cost, drive supplier lead time reduction, and improve overall supplier performance.
• Drive supplier lean implementation and establish metrics to ensure supplier accountability.
• Understand costs, cost planning, and analysis to support cost reductions, cost negotiations, parts strategy, and supplier strategy.
• Coordinate communication within ARS and across various franchises.
• Strong participation in budgeting, operating business plans, and monthly business reviews.

Qualifications

• Bachelor’s degree in Business, Engineering, or a related field of study required
• The ideal candidate will be a procurement professional with at least 2 years of procurement analytics or strategic procurement responsibility in the above-mentioned categories or equivalent materials and market dynamics, especially as it pertains to knowledge of the HVAC, Plumbing, and related products industry.
• Demonstrated analytical skills required.
• Demonstrated successful experience and ability to think strategically about procurement in the context of ARS's overall business strategy.
• Effective communication skills, both verbal and written, across various levels of the organization and with suppliers.
• Strong ability to continually assess the strategic direction of key raw material and component-related industries and adapt the procurement strategy to meet the critical needs of the business by quickly understanding competitive issues, industry trends, and other key external factors.
• Proven track record for innovative approaches resulting in "game-changing" opportunities that place the business in a competitively advantaged position in the market.
• Strong influencing and leadership skills with demonstrated ability to effectively work within a matrix environment.
• Excellent interpersonal, communication, and presentation skills at various levels of the organization.
• Strong analytical skills, including cost analysis, financial skills, and contracts management expertise.
• 25% Travel Required