responsible for managing all demand management and supply management activities for one or more categories of spend
Serve in a relationship management role with key business/executive partners to drive collaboration
Actively manage pipeline of projects for team and ensure project delivery to agreed upon timelines and expectations
Implements category strategies with medium spend levels, complexity, and strategic importance within his/her portfolio to optimize business efficiency and drive maximum value
Develops an understanding of the current category activity within Truist and determines where SSM can have a greater involvement and drive value
Maintains deep understanding of global supply markets, competitors and product innovations
Builds strong relationships with ‘internal customers’ and industry suppliers
Partners with Business Leaders and Executives to ensure that sourcing strategies/category plans and execution are aligned with the Business and MoE/ecosystem Goals
Leads cross functional teams in the development of category specifications, RFIs, RFPs, contracts, and sourcing project plans
Performs market data analysis for negotiations and supplier selection
Compiles commodity profile details such as supplier performance, volume forecasts, and design specifications
Analyzes trends and dynamics of supply markets
Ensures that best practices in the sourcing process are followed
Engages risk stakeholders as needed for sourcing activity
Requirements
A Bachelor’s degree is required.
6 to 8 years of relevant experience in sourcing (and related functions) with regulated organizations known for the strength of their operational, customer service, and risk excellence.
Knowledge of the market, suppliers and cost drivers.
Demonstrated experience with managing matrixed supplier relationships.
Ability to learn content quickly and apply a strategic lens to category spend.
Ability to engage and communication with internal and external stakeholders.
Track record of success in supplier consolidation and driving spend to preferred suppliers.
Subject Matter Expertise in strategic sourcing methodology and techniques.
Demonstrated ability to develop client relationships.
Proficient analytical skills.
Proficient written and verbal communication skills.
Proficient project management and time management skills.
Proficient business acumen.
Proficient negotiation and influencing skills.
Proficient interpersonal skills with the ability to communicate effectively at all levels, particularly at the management level.
Self-motivated, with executive presence and presentation skills.