Serves as the subject matter expert in the development of sourcing strategy associated with the procurement of labor, service, material and equipment needs supporting business unit functions. Understands key business interests of AEP and third parties in the development and writing of the business deal. Applies negotiation techniques and methods to sourcing and contracting objectives. Manages supplier performance, contract compliance, risk, and other areas that support over-arching category mana... more details
Job Posting End Date
07-16-2024
Please note the job posting will close on the day before the posting end date
Job Summary
Serves as the subject matter expert in the development of sourcing strategy associated with the procurement of labor, service, material and equipment needs supporting business unit functions. Understands key business interests of AEP and third parties in the development and writing of the business deal. Applies negotiation techniques and methods to sourcing and contracting objectives. Manages supplier performance, contract compliance, risk, and other areas that support over-arching category management strategies. Leads cross-functional teams and may direct lower level activities associated with sourcing, contracting or operational efforts.
Job Description
Essential Job Functions:
- Procures goods and services with a high value or complex requirements. Assesses business requirements, and matches procurement plans accordingly.
- Executes sourcing strategies based on category manager guidance and leading practices.
- Assists Category Managers with category strategy development. Leverages market, supplier, and spend analyses to inform category strategies and competitive solicitations (e.g. RFXs).
- Coordinates and leads cross-functional category teams during sourcing events.
- Performs any required contract administration work related to a sourcing event.
- Develops negotiating strategy, and leads negotiations.
- Writes the summary and details for basic to moderately complex contracts, including pricing, business requirements, performance criteria, terms and conditions, and any risk mitigations.
- Establishes effective relationships with business partners and suppliers to support category strategies.
- Works with the Service Center to ensure transactional and customer support services are aligned with category strategies.
- Coordinates with key suppliers and business partners on the delivery of high-value manufactured equipment and materials, including any transportation and storage requirements.
- Manages contract compliance and administration for high-value manufactured equipment and materials including economic price adjustments, replacement programs, and credit programs.
- Leverages contract knowledge to mitigate risks and maximize contract value.
Minimum Qualifications: Procurement Consultant (Grade 07):
Education: Bachelor's Degree in business, accounting, finance, supply chain, or other related field;
Experience: Five (5) years of relevant work experience, including experience working with cross-functional teams is required. Supply chain category management experience, preferably within the utility, manufacturing, or construction industry preferred.
Minimum Qualifications: Procurement Specialist (Grade 08):
Education: Bachelor's Degree in business, accounting, finance, supply chain, or other related field is required.
Experience: Seven (7) years of relevant work experience in contract management, paralegal work, or supply chain experience is required. Experience in the utility, manufacturing, or construction industry preferred.
Other Requirements:
- Excellent analytical, problem-solving, and time management skills desired
- Ability to lead multiple projects and initiatives simultaneously
- Excellent communication skills (written and verbal) desired with an ability to communicate with business partners, stakeholders, and suppliers
- Ability to help develop and evolve category management processes and engage suppliers on operational, strategic, and financial issues.
- Deep understanding of contract design and structure, including terms, language, templates, performance criteria, and other components.
- Ability to be persuasive and build credibility desired
Compensation Data
Compensation Grade:
SP20-007
Compensation Range:
$83,413.00-104,267.50 USD
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It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all aspects of the employer-employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex, age, national origin, ethnicity, ancestry, veteran or military status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.
