Cummins is a place big enough to coach and develop a global workforce and create the world’s leading clean, engine technology. We’re also small enough for you to find your fit and personal passion with a team of dependable, innovative thinkers who are developing their careers within a diverse, inclusive, empowering environment.
Learn more about this role and how you can begin Working Right .
Our Power Systems Business Unit delivers reliable, durable, high performing products to our global partners. Working in an innovative space, you’ll develop high tech solutions that will fuel your advanced career skill set and empower you to own your career. Our integrated businesses demand the talents and creativity of individuals with a wide range of skills and experience.
This is an exciting opportunity in Craiova (Romania) for a Lead Sourcing Analyst
Your impact will be seen in these and other ways:
Procures specialized items and executes complex buying strategies in accordance with agreed upon material buying plans at the optimum cost, quality and relationship.
Conducts complex analysis of sourcing information and presents findings to purchasing and supply chain leadership for process improvement and cost reduction while maintaining high quality product and service delivery.
Independently procures inventory, supplies, and capital goods and arranges timely deliveries.
Analyzes complex sourcing and purchasing initiatives and processes in support of the delivery of cost effective and high quality goods and services.
Prepares and presents to senior purchasing/sourcing leadership recommendations of improvement opportunities and alternative courses of action.
Evaluates consistent application of sourcing procedures and processes.
Supports purchasing/sourcing management in activities such as price benchmarking, vendor management, industry and market analysis, process analysis, and model building.
Leads analysis projects/initiatives providing coaching to less experienced analysts.
Negotiates select contracts; develop effective relationships with vendors and suppliers favorable for company business.
Interviews sales representatives and vendors.
Consults with the Law Department to ensure legal compliance and mitigate risk for the Company.
Skills and Experience Required:
Financial analysis - Applies financial analysis as part of your work.
Manage execution - Demonstrated results indicating deep knowledge of managing execution. Coordinates performance across regions, teams, and departments on complex projects and work flows
Sourcing process - understand the steps in the sourcing process; I have developed relationships with my functional stakeholders so that I am now sometimes involved in a project when a business need is identified.
Purchasing ethics - understand appropriate and harmless supplier engagements and do not compromise supplier sourcing, selection, or management processes.
Supplier risk analysis – to be familiar with all elements of supplier risk and the tools used to identify and manage those risks
VPI - Understand the requirements of VPI (Value Package introduction) as they impact he organization in planning, controlling and assuring product and process quality
Supplier contract management - Understand the elements of a supply contracts and have used the contract to clarify the supplier’s accountability to the terms and conditions.
Good understanding of supply chain international markets
Experience in cost reduction and financial analysis
Required Education, Licenses or Certifications
Compensation and Benefits
Very Competitive salary & package
At Cummins, we are dedicated to diversity in the workplace and we are committed to a policy of treating all our employees and job applicants equally. No employee or potential employee will receive less favourable treatment because of any protected characteristic.