SOURCING CONSULTANT- OBJECTIVE OF POSITION
Leads individual strategic sourcing activities for one or more categories of spend, with the goal of achieving significant initial cost reductions, supplanted with year-over-year productivity improvements of 10% in the total cost of goods and services procured while maintaining or improving product quality and vendor service levels. Works closely with key stakeholders to develop effective cost reduction strategies and implementation plans. The position will report directly to the Professional Services Category Manager.
Qualifications: The Sourcing Consultants primary responsibility is the capture of savings, including savings captured through pooling multi regional wide purchasing volumes and negotiating contracts with suppliers, and savings captured from other cost reduction initiatives. As the leader responsible for sourcing effectiveness on a particular vendor or Professional Services Category opportunity, the Sourcing Consultant has the following specific responsibilities:

- Input into the identification and prioritization of potential sourcing projects within spend area scope for annual Sourcing plan by completing spend analysis on vendors.

Lead/participate in cross-functional teams in the development of sourcing strategies. Steps in the process include: internal assessments of Company/subsidiary current and future needs; assessments of market trends and supply base; understanding of supplier economics, agreement on optimal relationship between Company and prospective suppliers; assessment of total cost of ownership and opportunities to leverage changes in process, systems and products to lower that cost; working closely with the segments/subsidiaries to establish and implement the sourcing strategy, which will include development and implementation of communication strategies for key stakeholders on overall process, timing and end products.

- Champions, develops, manages, and drives key sourcing relationships that are critical to Verizon. Leads cross functional sourcing teams associated with the product and service selection and negotiation processes of equipment and services for Verizon Business. Negotiates terms and conditions in supplier contracts covering complex, multi-year requirements.
- Responsible for obtaining total Verizon wide requirements, maximizing marketplace leverage, determining competitive alternatives and prioritizing business objectives for cross functional teams in order to support key revenue enablement and margin management financial targets.
- Establishes and maintains contractual and business relationships with the vendors; monitors contract compliance; solves operational issues with vendors (e.g., quality, delivery and service issues) and adjusts sourcing strategies based on supplier performance and business unit input. On an ongoing basis, the Sourcing Consultant is responsible for holding quarterly supplier reviews and ensuring progress to year-over-year supplier improvement goals.

- Acts as an advisor and or expert to subordinates/less experienced staff for elevated issues and problems.
- Works on diverse issues that require significant interpretation.

- Work within and external to Company , the Sourcing Consultant will develop, champion, and ensure implementation of ideas that will optimise Company s total cost of ownership year-over-year for assigned spend categories.

- Establish key performance measures for each spend category (e.g., cost per unit, total product expense); define the data collection process; forecast budgetary impact and track actual savings; broadly communicate performance against these performance measures and work with stakeholders to ensure savings are incorporated into annual operating plans.

- Ensure strategies are implemented and reductions secured according to implementation plans. Contract compliance will be actively monitored by the Sourcing Consultant and when required, the Sourcing Consultant will work with business unit leadership to address noncompliance issues.

- Develop, implement, and monitor business unit satisfaction with key suppliers and the support/responsiveness of the center purchasing activity for assigned leverage commodities.

- Remain current with market trends through relationships with vendors and market experts; identifying and communicating new technologies and solutions to Company s key problems in the assigned spend areas
Additional Qualifications: SKILL REQUIREMENTS

Professional

Honours degree preferred; other graduate degree potentially acceptable

Successful, multi-year track record in a Sourcing organization

Desirable MCIPS

Specific commodity experience required

Technical

Exceptional problem-solving and analytical skills able to construct/execute multiple complex analyses.

Good planning/project management skills able to develop comprehensive workable issue sets in complex situations

Strong negotiating skills

Quick study able to gain a fact based understanding of current supplier base, supplier economics and major trends in relevant markets

Excellent communication skills; strong interpersonal skills for both internal and external relationships

Behavioral

Passion for reducing costs exhibits high energy and the enthusiasm to establish a new approach to sourcing

Distinctive leadership willing to make tough/unpopular decisions, but well respected by internal and external business leaders.

Comfortable with conflict willingness to challenge conventional thinking

Self starter and independent worker able to juggle priorities

Able to work in a dual reporting matrix environment and aggressively take the lead on implementation of savings opportunities that affect numerous lines of business
Job ID: 408280