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Sourcing Analyst I- Sr

Job ID: 6088973

Date Posted:Apr 14, 2025

POSTING DEADLINE

This position is posted until filled.

DEPARTMENT

Department: Supply Chain, Sourcing

JOB DESCRIPTION

Sourcing Analyst Sr.

Salary Grade: G06

Minimum Midpoint Maximum

$78,537 - $106,024 - $133,511

Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.

SUMMARY:

Under limited supervision, completes the sourcing process for high-dollar and high-risk projects and contracts. Supports the sourcing and procurement processes. Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures, including but not limited to continuous process improvement. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Ensures that the company follows the approved purchasing process

Assists with opportunity assessment and prioritization of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis

Develops and maintains sourcing strategies

Understands and standardizes company commodity needs

Manages the bid process and leads cost reduction activities and achieves annual improvement targets

Develops and implements all supplier selection criteria and plans, chooses suppliers, leads negotiations, implements contracts, and manages supplier performance

Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met

Implements supplier-sourcing strategies to ensure high quality, on time delivery and cost competitiveness

Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc

Ensures best in class supply chain management and procurement processes including leading and auditing process improvement activities and automation initiatives

Develop process documentation and manuals, process training documents and process training sessions

Prepares RFI/RFQ/RFP process with requesting departments, evaluates proposals, selects bidders, manages the selection process, and prepares executive summaries

Develops and manages business processes for web-based sourcing practices (Reverse Auction)

Conducts formal business reviews with key suppliers to discuss performance on a regular basis.

Advises client departments on procurement-related policies and procedures, including best practices regarding purchasing activities, tactics and contractual terms

Develop and maintain contract management systems

COMPETENCIES:

Advanced knowledge of contracts and experience in contract negotiations

Knowledge and experience with application of strategic sourcing best practices

Demonstrated experience with contract negotiation

Demonstrated project management and financial analysis skills

Advanced interpersonal skills

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelor's degree from a four-year college or university preferably in business administration, materials management, supply-chain management, or similar discipline, with five to seven years of related experience, or equivalent combination of education and/or experience related to the discipline.

CERTIFICATES, LICENSES, AND REGISTRATIONS:

Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred.

COMMUNICATION SKILLS:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations

Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form

Ability to write reports business correspondence, and procedure manuals

Ability to speak effectively before various groups

Advanced negotiation skills and ability to gain concessions without damaging relationships

MATHEMATICAL SKILLS:

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume

Ability to apply concepts of basic algebra and geometry

COMPUTER SKILLS:

Knowledge of word processing, spreadsheet, and presentation software

Ability to work with purchasing/eprocurement systems and process modeling applications

ANALYSIS AND PROBLEM-SOLVING ABILITY:

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to lead and successfully implement projects. Ability to review financial and other business data, and to summarize that information for management.

PHYSICAL DEMANDS:

Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds.

WORK ENVIRONMENT:

Office environment.

JOB DESCRIPTION

Sourcing Analyst II

Salary Grade: G08

Minimum Midpoint Maximum

$61,035 - $80,872 - $100,709

Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.

SUMMARY:

Under general supervision, completes the sourcing process for high-dollar and high-risk projects and contracts. Supports the sourcing and procurement processes. Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Manages key functions on less complicated commodity categories

Develops and maintains sourcing strategies

Assists with opportunity assessment of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis

Understands and standardizes company commodity needs

Identifies and investigates all cost of ownership opportunities, including non-purchase price driven opportunities

Manages the bid process and supports cost reduction activities and achieves annual improvement targets

Develops and implements all supplier selection criteria and plans, chooses suppliers, negotiates and implements contracts, manages supplier performance

Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met

Implements supplier-sourcing strategies to ensure high quality, on time delivery and cost competitiveness

Ensures best in class supply chain management and procurement processes

Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc

COMPETENCIES:

Knowledge of contracts and contract administration

Demonstrated project management, financial analysis, and product costing skills

Ability to think strategically and analytically

Ability to demonstrate advanced interpersonal skills

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelor's degree from four-year college or university in business administration, materials management, supply-chain management, or similar discipline, with two to three years of related experience, or equivalent combination of education and/or experience related to the discipline.

CERTIFICATES, LICENSES, AND REGISTRATIONS:

Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred.

COMMUNICATION SKILLS:

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals

Ability to write routine reports and correspondence

Ability to speak effectively before groups of customers or employees of organization

Advanced negotiation skills and ability to gain concessions without damaging relationships

MATHEMATICAL SKILLS:

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume

Ability to apply concepts of basic algebra and geometry

COMPUTER SKILLS:

Knowledge of word processing, spreadsheet, and presentation software

Ability to work with purchasing/eprocurement systems and process modeling applications

ANALYSIS AND PROBLEM-SOLVING ABILITY:

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to lead and successfully implement projects. Ability to review financial and other business data, and to summarize that information for management.

PHYSICAL DEMANDS:

Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds.

WORK ENVIRONMENT:

Office environment.

JOB DESCRIPTION

Sourcing Analyst I

Salary Grade: G10

Minimum Midpoint Maximum

$46,965 - $62,228 - $77,492

Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.

SUMMARY:

Under direct supervision, completes the sourcing process for key commodities. Supports the sourcing and procurement processes. Assists with managing assigned projects and business unit collaboration. Assists with contract administration and review. Processes ordering information under existing contracts (purchase orders, assignments, contract terms etc) and PNMR services procurement systems.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Gathers information, researches company sourcing needs, supports negotiation strategies, develops financial analysis, and supports Senior Sourcing Analysts

Learns purchasing systems and ensures that buying procedures and systems are followed

Inputs purchasing data to ensure automated purchasing procedures

Creates and utilizes blanket purchase orders and processes purchase requisitions via purchase order or change orders

Solicits bids, contracts, data, and other information from supplier and inputs into supply chain (SC) systems

Manages buyer functions on less complicated commodity categories

Assists with opportunity assessment of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis

Tracks and documents changes from process related to automation or other efficiency drivers

Maintains database information and updates internal sourcing information such as historical bids/quotes, commodity price monitoring, and supplier lists, etc

Ensures that all record keeping systems work properly

Prepares ad hoc reporting, real-time generation of standard and customized reports

Assists on complex special projects and other assignments as directed

COMPETENCIES:

Knowledge of standardized sourcing practices and procedures

Ability to prioritize, schedule, organize, focus on, and complete work

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelor's degree in a related field with one to two years of related experience, or equivalent combination of education and/or experience related to the discipline.

COMMUNICATION SKILLS:

Ability to read, analyze, and interpret business periodicals, professional journals, financial reports, and legal documents

Ability to write reports and business correspondence

Advanced negotiation skills and ability to gain concessions without damaging relationships

Ability to effectively present information to various groups

COMPUTER SKILLS:

Knowledge of word processing, spreadsheet, and presentation software

Ability to work with financial systems

ANALYSIS AND PROBLEM-SOLVING ABILITY:

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to apply common sense understanding to carry out detailed written or oral instructions. Ability to review financial and other business data, and to summarize that information for management.

DECISION MAKING:

Ability to make changes to reports and make recommendations to solve internal issues or problems.

SCOPE AND IMPACT:

Must ensure the accuracy of information, update company systems, and bring problems to resolution or the attention of supervisor.

PHYSICAL DEMANDS:

Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds.

WORK ENVIRONMENT:

Office environment.

EQUAL OPPORTUNITY STATEMENT

Safety Statement:

Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.

Americans with Disabilities Act (ADA) Statement:

If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.