Procurement Sourcing Category Strategist

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Job Description:

At Regions, the Procurement Sourcing Category Strategist provides day-to-day management of larger, more complex sourcing initiatives within a cross functional team. This position will generally have responsibility for leading certain expense reduction efforts and associated vendor related engagements for certain business units or strategic categories to effectively support the delivery if business outcomes and demonstrate competencies to have responsibility for larger vendor engagements or more complex projects.

Associates in this role interact daily with senior and executive level associates within business units to accomplish objectives.

Primary Responsibilities Utilizes strategic sourcing approach to determine and prepare request for proposals (RFP)/competitive bid requirements, solicits responses, analyzes responses, prepares recommendation and negotiates contracts to enhance efficiencies and reduce costs

Utilizes the ability to execute the bank’s competitive bidding process and leads strategic sourcing activities for assigned areas

Utilizes the ability to develop cross-functional teams and business objectives; identifies bidding suppliers, sets up the RFP in the bank’s P2P system, executes the RFP/competitive bid with suppliers, and works with business stakeholders to develop recommendations

Partners with key stakeholders and senior leaders in proactively identifying expense reduction opportunities as it relates to suppliers

Analyzes market industry conditions and develops plans to procure goods not related to information technology vendors

Communicates corporate procurement standards to vendors and business partners

Completes and executes RFPs and/or contracts that meet the company’s business and legal requirements

Offers advice and guidance to junior consultants, assisting in the development of necessary skills and the promotion of continuous improvement initiatives

May serve as team lead or supervise entry level procurement consultants

May partner with Procurement Strategic Sourcing Technology Consultant on projects

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible.
Requirements Bachelor’s degree in Business, Supply Chain/Engineering, Procurement, or related field and seven (7) years of experience in procurement or related field

Or High School Diploma or GED and eleven (11) years of experience in procurement or related field

Preferences

Professional certification in Supply Chain, Procurement, or related field

Master of Business Administration (MBA) or related degree

Skills and Competencies Ability to…