Sourcing Project Specialist

Xcel Energy•Minneapolis, MN

3d•$90,000 - $120,567•Hybrid

About The Position

The Sourcing Project Specialist provides leadership and direction for large, complex projects, including projects involving goods and services valued up to $50 million. The specialist develops sourcing and negotiation strategies, leads supplier negotiations on behalf of internal stakeholders, executes contracts, and monitors supplier performance to support successful project outcomes. The position also mentors and oversees the development of associate sourcing project specialists. The role sources high-value, complex goods and services for significant company projects; leads the definition of technical bid requirements, specifications, and project-specific terms and conditions; and manages bidding events, proposal evaluation, and business awards. It develops and manages sourcing project plans and resources, coordinates sourcing and business project plans, communicates status to stakeholders, and establishes supplier performance metrics. The specialist manages supplier relationships and milestones, administers contracts and related risk controls, resolves disputes and contract adjustments, and collaborates with category managers to align project needs with category strategies. The position requires up to 20% domestic travel. Xcel Energy supports a hybrid work model, with many roles expected to work onsite three days per week, Tuesday through Thursday; expectations vary based on role, team, and business needs.

Requirements

Bachelor's degree in Supply Chain Management, Engineering, Project Management, Business, or Finance, or equivalent experience.
Five years of purchasing, sourcing, or logistics experience.
Significant contract knowledge, negotiation skills, and project management skills.
Considerable knowledge and expertise in sourcing and supply-chain management principles.
Must pursue and maintain Certified Professional in Supply Management (CPSM) certification or equivalent.
Proficiency in Microsoft Office and significant experience with purchasing and sourcing systems.
Results-oriented and customer-focused.
Strong interpersonal, relationship, and presentation skills.
Ability to travel domestically up to 20%.

Nice To Haves

Project management experience is a plus.

Responsibilities

Source high-value, complex goods and services for significant company projects, up to $50 million.
Lead development of technical bid requirements, specifications, and project-specific terms and conditions.
Lead bidding events and bid evaluation teams to analyze proposals and award business.
Identify opportunities to consolidate sourcing activities, encourage supplier competition, and achieve cost savings or cost avoidance.
Create and manage sourcing project plans and control supply-chain resources needed to carry them out.
Coordinate sourcing plans with business-unit project plans, maintain stakeholder relationships, and communicate sourcing project status.
Establish metrics to evaluate and document supplier services and contractual requirements, and monitor supplier performance.
Develop negotiation strategies and lead negotiations for major capital-project purchases on behalf of the company.
Facilitate resolution of supplier disputes and contract adjustments with suppliers and internal stakeholders.
Track supplier performance, commitments, and progress milestones to ensure project value is achieved.
Collaborate with category managers to align supplier support for project needs with category strategies.
Manage assigned Tier I and Tier II supplier relationships.
Administer project contracts and contractual forms, define and manage contract risks, and assemble documentation for project-specific insurance.
Ensure required documents and notices are obtained and satisfactory to limit company liability.
Mentor associate project specialists in sourcing event management, negotiation strategy, program standardization, supplier management, project management, and risk containment.