Purchasing Principal I

#26-73639Houston, Texas, USAJob CategoryProcurement/Supply ManagementFull-Time/Part-TimeFull-timeJob DescriptionPrimary PurposeLeads, develops, and implements robust supply chain strategies and objectives for the business in a manner that capitalizes on market realities and that achieves an equitable balance of risk between company and its contractors and suppliers. Works collaboratively across the company to support CVP processes. Delivers a wide range solution related to the supply chain processes and engages key business stakeholders to drive and improve service levels. Responsible for procurement related to RFO contracting activities in support of large-scale engineering/procurement/construction (EPC) projects, capital projects, operations, and project development for company.Duties And ResponsibilitiesLeads, develops, and implements robust supply chain strategies and objectives for the business in a manner that capitalizes on market realities and that achieves an equitable balance of risk between company and its contractors and suppliers. Works collaboratively to support CVP processes. Develops and leads complex RFx events to execute major agreements and material purchases while managing and mitigating supply/contractual risk leveraging key functional areas where appropriate (Legal, Insurance, Cyber, etc.). Serves as the procurement subject matter expert to internal and external stakeholder groups to address current/future business needs in addition to promote current best-in-class sourcing strategies and methodologies. Mentors and provides guidance to other team members to develop and increase their skills and abilities in the procurement lifecycle process. Serves as a subject-matter expert in category management and sourcing strategies. Develops and executes strategic sourcing plans for critical categories. Negotiates complex contracts leveraging legal and compliance expertise. Conducts market analysis using advanced analytics platforms. Prepares executive-level reports on procurement performance and trends. Advises stakeholders on risk mitigation strategies for supply continuity. Leads initiatives to optimize procurement systems and workflows. Supports sustainability and supplier diversity programs in purchasing decisions. Performs other duties as assigned. RequirementsEducationTypically requires a 4-year degree in a relevant field, or equivalent combination of relevant education and experience. ExperienceTypically requires 10 years of related experience. Experience in LNG, experience in major contracts preferred. Knowledge, Skills And AbilitiesCommercial Negotiation - The planning, reviewing, analysis and other activities that a buyer and seller conduct to reach an agreement. Contract Management - Streamlining the creation, execution, storage or renewal of contracts, with a focus on compliance, often via software or other automated means. Cost Optimization - Analyzes, plans and manages costs for cost efficiency and expense reduction. Invoice Management - Also known as invoice processing, invoice management is the method by which companies track and pay supplier invoices. Purchase Order Management - An internal procurement process adopted by organizations to ensure that each and every purchase is necessary, justified and optimized for costs. Quality Management - Quality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality improvement. Regulatory Compliance - Ensuring an organization's adherence to laws, regulations, guidelines and specifications relevant to its business processes. Strategic Sourcing/Procurement - The identification, evaluation, and selection of suppliers and the negotiation of contracts and agreements to ensure the timely and cost-effective acquisition of goods and services. Supplier Evaluation - Assesses suppliers' performance against supply chain requirements. Supplier Management - Identifies, acquires, and manages resources and suppliers that are essential to the operations of an organization.