Sourcing Specialist OR Senior Sourcing Specialist, Regulated and Renewable Energy (Services & Equipment)

Duke Energy Corporation•Raleigh, NC

4d•Hybrid

About The Position

This is the second level of the Sourcing classification hierarchy. This position executes the sourcing process for assigned business areas and implements policies and procedures directed towards providing contracted services/materials. Employees will manage request for proposals and bidding processes while establishing and nurturing relationships with key suppliers to ensure competitive pricing. Achieve the best contractual conditions while also ensuring internal business unit partnerships. Employees at this level solve more complex problems with some supervision. Incumbents are expected to develop advanced skills and the ability to work with greater independence. Conducts business dealings with the highest level of integrity and regard for corporate guidelines, legal, and environmental regulations.

Requirements

Bachelor's degree AND two (2) years related work experience OR High School Degree/GED AND six (6) years of related work experience (for Sourcing Specialist)
Bachelor's Degree AND five (5) years related work experience OR High School Degree/GED AND nine (9) years of related work experience (for Senior Sourcing Specialist)
Proficient in Microsoft Excel and Microsoft Word
Demonstrated negotiation, problem solving, analytical and leadership skills
Experience with RFP/RFI systems and processes
Previous sourcing/purchasing experience buying services/materials
Strategic sourcing experience for category plans/bid events
A natural time manager with the ability to manage a robust workload and pay attention to detail
Outstanding planning/organization skills
Problem-solving/statistical/analytical skills
Oral and written communication skills
Demonstrated interpersonal and team building skills
Bachelor's degree + 2 years work experience OR Associate's degree + 4 years work experience OR HS/GED + 6 years work experience (Specific Requirements for Sourcing Specialist)
Bachelor's degree + 5 years work experience OR Associate's degree + 7 years work experience OR HS/GED + 9 years work experience (Specific Requirements for Senior Sourcing Specialist)

Nice To Haves

Project Management/Controls experience
MYRP/IRA experience
Certified Purchasing Manager and/or Certified Professional in Supply Management

Responsibilities

Enhance category management through strategic analysis of assigned categories.
Identify and anticipate Business Unit demand and needs, issues, and cost reduction opportunities.
Have an understanding of SWOT analysis for each assigned category, spend identification, and total cost of ownership.
Identify and assess short- and long-term risks.
Ensure alignment with internal SME parties to ensure risk is controlled through collaboration with the Legal, Security, Tax, and Credit departments when necessary.
Maintain knowledge of commodities, sources of supply, corporate responsibility opportunities, industry leading practices, and market conditions that may impact future procurement.
Utilize procurement tool and grid/relays for documentation/retention of category plans.
Develops enterprise and regional (short and long term) sourcing strategies with key business partners and cross functional teams for equipment, materials, and/or services, to enhance value to Duke Energy, while managing overall risk.
Seeks assistance to fully execute strategy.
Utilize or improve approved strategies and supply chain processes to lead competitive bidding processes, lead the objective criteria based bid evaluation with a cross-functional group, recommend award to Supply Chain and Business Unit Leadership, develop appropriate terms and conditions, negotiate strategic contracts, integrate contracts with internal systems, and manage ongoing supplier/contract management and day-to-day support when issues arise (such as mismatches billing or shipment issues).
Utilizes data-driven decision making to implement effective strategic sourcing strategies, thus enabling better terms with suppliers and identification of cost-saving opportunities.
Performs analysis of historical spending patterns, pricing fluctuations, and market trends and indices.
Calculates impacts to net working capital and uses outcomes to impact deal structure.
Achieves substantial cost savings and cost avoidance initiatives through direct negotiations, and consolidation of requests or contracts.
Negotiate contracts to include pricing, Terms and Conditions, lead times, etc. to optimize total value of ownership.
Develop value chain and analyze opportunities for increased value.
Effectively communicates with the Business Unit on risks related to the transaction and provides potential opportunities for risk mitigation.
Performs cursory review of financial statements (income statement and balance sheet) to determine the financial viability of prospective suppliers.
Applies knowledge of basic legal issues, commercial business, and sourcing process to lead the delivery of favorable contractual outcomes.
Engages legal as necessary for advanced issues.
Co-developer with business unit partners to develop change management strategies in partnership with cross-functional teams to ensure successful implementation of sourcing strategies.
Start to build a base for growing and managing relationships with business unit partners, supply chain partners, and strategic suppliers, at various levels of the organizations.
Ensures that purchase order and contracts are in compliance with all SC department and corporate policies/procedures.
Manages post award supplier activities, settlements, claims or disputes.
Performs purchase order and agreement maintenance including invoice mismatches, prices changes, amendments, change orders, etc.
Collaborates with business unit partners to ensure contract terms are being met and supplier performance is appropriately monitored and measured.
Mentors and assist in the development of sourcing personnel, processes, and procedures, as well as actively focuses on own development by observing and learning from colleagues with more experience.