Buyer - Indirect (Corporate Services)

Valvoline Global•Lexington, KY

About The Position

Why Valvoline Global Operations? At Valvoline Global Operations, we’re proud to be The Original Motor Oil, but we’ve never rested on being first. Founded in 1866, we introduced the world’s first branded motor oil, staking our claim as a pioneer in the automotive and industrial solutions industry. Today, as an affiliate of Aramco, one of the world’s largest integrated energy and chemicals companies, we are driven by innovation and committed to creating sustainable solutions for a better future. With a global presence, we develop future-ready products and provide best-in-class services for our partners around the world. For us, originality isn’t just about where we began; it’s about where we’re headed and how we’ll lead the way. We are originality in motion. Our corporate values—Care, Integrity, Passion, Unity, and Excellence—are at the heart of everything we do. These values define how we operate, how we treat one another, and how we engage with our partners, customers, and the communities we serve. At Valvoline Global, we are united in our commitment to: • Treating everyone with care.• Acting with unwavering integrity.• Striving for excellence in all endeavors.• Delivering on our commitments with passion.• Collaborating as one unified team. When you join Valvoline Global, you’ll become part of a culture that celebrates creativity, innovation, and excellence. Together, we’re shaping the future of automotive and industrial solutions. The Procurement Specialist II will have spend segment responsibility and ownership for part of the Indirect Purchasing vendor category. This may include EH&S, Engineering, IT, Finance, HR, Marketing, Supply Chain and other corporate services. This position will work with many internal groups at VGO such as IT-Governance, Risk & Compliance; Accounts Payable, Legal, etc. This position will contribute to vendor selection process, vendor approval and contracting for the category. This position will facilitate strategic sourcing through market and industry analysis, supplier segmentation and supplier research, and build effective relationships with internal business partners as well as current and future vendor partners.

Requirements

Minimum of 3-5 years of purchasing experience or work in a corporate environment
Negotiation experience with both commercial terms (pricing) and common contractual T's & C's of supplier agreements
Indirect Purchasing for corporate services, including an understanding of data privacy regulatory concepts, IT/SaaS contracts, and contract management best practices.

Responsibilities

Business Needs: Be Valvoline's subject matter expert in the designated area of focus. Provide information, analysis and support to the sales and marketing teams for segment business analysis.
Develop sourcing strategies for each key material to include: 1)Assessment of key business needs/fully understanding the external environment; 2) Generate, analyze and execute RFQ's; 3) Performing industry analysis, supplier analysis and competitive analysis; 4) Developing market forecast/cost structure analysis; 5) SWOT analysis/selection of strategic choices and interventions; 6) tactical execution plan and business continuity plan; 7) Monitor and measure success
Vendor Risk Mitigation - Ensure vendors are appropriately chosen, managed and monitored to mitigate risk associated with supply interruption, environmental liability, cyber and legal liability. Manage supply plan and resolve supply issues. Support EH&S and Sustainability objectives.
Commercial Terms - Develop and execute a sourcing strategy and negotiate commercial terms to deliver optimal cost and support Valvoline's financial and operational objectives.
Quality Service - Establish and measure quality standards for each area ensuring standards are consistently up to date and standards are met.
Supplier Relationship Management - Use relationship management techniques to generate maximum long-term value