Principal Category Manager - IT Software

Join Xcel Energy

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you're looking for.

Functional teams to drive successful project and category outcomes. Develop and effectively execute sourcing strategy. Collaborate with the business to plan and implement complex competitive sourcing events and other activities to advance category strategies. Develop effective negotiation strategies and negotiate commercial terms with critical suppliers to achieve objectives. Manage risk mitigation efforts and oversee on-going supplier performance. Ensure compliance with supplier safety, risk assessments, and other supplier programs. Serve as a technical expert for the Category Management organization. This position would be responsible for 50M-70M annually. Responsible for overall team strategy and providing guidance and mentorship to a team of 5 people.

Essential Responsibilities :

• Lead the development and implementation of critical enterprise-wide category strategies.
• Perform spend and cost analysis and develop category strategies to achieve maximum value capture.
• Complete supplier research and risk profiles.
• Monitor industry information and trends to ensure category strategy is leading current best practices.
• Develop and execute complex sourcing event strategies and guide others on the team.
• In conjunction with logistics personnel implement optimal inventory strategies.
• Lead tier I supplier relationship management efforts for multiple and the most critical suppliers focusing on improving total cost of ownership, quality delivery, and continuous improvement.
• Maintain awareness of supplier innovations and incorporate them into sourcing strategy.
• Establish KPIs and metrics.
• Monitor, document, and evaluate supplier performance.
• Lead the resolution of disputes with critical suppliers.
• Develop strategy and lead negotiations to establish contracts that support category strategies while meeting business requirements.
• Review, analyze, verify, and negotiate contract changes or additional work orders.
• Monitor compliance across buying channel, supplier, and contract purchasing execution.
• Manage contractor claims to resolution.
• Ensure suppliers comply with contract terms and meet all commitments.
• Develop and communicate contract summary and implementation plans.
• Develop risk management strategies in conjunction with Legal and Security.
• In collaboration with business area management manage and define the risk elements of the contract.
• Limit Xcel Energy risk by ensuring all required documents and notices have been obtained and are satisfactory.
• Create and manage project plans to implement category strategies.
• Manage supply chain business and supplier continuous improvement efforts.
• Provide expert guidance, oversight, and collaboration with the supply chain team to build category and sourcing strategies.
• Generate and implement new ideas / processes.
• Mentor and provide work oversight.

Minimum Requirements :

Preferred Qualifications :

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you're ready to be a part of something big, we invite you to join our team.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com. The anticipated starting base pay for this position is : $109,500.00 to $157,000.00 per year. This position is eligible for the following benefits : Annual Incentive Program, Medical / Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA), Limited-Purpose FSA, Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement, Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave. Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part. In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information. Deadline to Apply : 09 / 02 / 25.