Procurement Specialist
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Job Summary
Pay grade and salary will be dependent upon education and experience. The Procurement Specialist is responsible for driving savings and implementing contractual protections for the company. Tasks include leading sourcing events as well as facilitating the contracting and procurement processes. A solid knowledge of all aspects of the sourcing, contracting, and procurement processes is required. The position is expected to work with key internal and external stakeholders to gather requirements, conduct spend analyses, perform market and supplier analysis, facilitate the bid / proposal process, develop and use supplier evaluation criteria, conduct negotiations, formulate purchase orders and contract documents, manage invoicing exceptions, and manage supplier performance including issue resolution. This position will also coordinate with internal customers to create sourcing strategies that deliver quantifiable savings.
Key Accountabilities
- Sourcing
- Lead multiple sourcing events across categories under Luminant Nuclear Operations
- Analyze spend and develop cost savings estimates
- Work with key stakeholders and sourcing managers to gather business and technical requirements (scope of work)
- Conduct market analysis to profile the commodity based on business value and buyer influence
- Contracting & Procurement
- Conduct supplier negotiations, including negotiating commercial and legal terms
- Draft, implement and manage contract expirations, renewals, amendments, terminations, etc.
- Supplier Relationship Management
- Develop and manage suppliers capable of meeting safety, quality, cost, timing, and technology expectations
- Communication with internal stakeholders regarding their needs for materials and service, their perspective on supplier performance, etc.
- Conduct regular business reviews with suppliers to address any performance improvement plans, savings opportunities, innovation, market trends, etc.
- Supplier Diversity
- Support and promote Vistra's supplier diversity program
- Purchase materials as needed, to support Vistra Nuclear supply chain operations
Education, Experience & Skill Requirements
5+ years managing large sourcing events and negotiating commercial and legal termsDemonstrated problem-solving and strong analytical skills able to construct / execute multiple analyses (e.g. TCO, NPV; cost-price analyses) simultaneouslyProficient with Microsoft Word, Excel, PowerPointCertifications CPM or CPSM preferredHigh school diploma or equivalentExperience gained through college degree programs and / or certifications is applicable to above skillsKey Metrics
Responsible for the timely and efficient procurement of equipment, materials, supplies, and services for categories managed within Luminant Nuclear OperationsAccountable for the creation of real value, including price savings, supplier productivity, and potential revenue generation through sourcing events and negotiationsLead cross-functional teams in supplier sourcing actions and communicate with key stakeholdersMaintain accurate data in contracting and purchasing systemsManage contract expirations and renewalsJob Family Supply Chain
Company Luminant Generation Company LLC
Locations Irving, Texas Texas