Associate Principal, Sourcing Data Insights

What You'll Do:

The Associate Principal, Sourcing Data Insights will play a crucial role in developing quantitative methods to govern the procurement process. This includes designing a scorecard for the Strategic Sourcing function, creating and maintaining reports for managing procurement activities, and designing processes for intake and resource allocation. This role offers extensive collaboration opportunities with cross-functional teams. By working closely with Strategic Sourcing, IT, Finance, Legal, PMO, Data Governance and Operations, you can represent the department across the company and drive data-driven decision-making for Strategic Sourcing. 

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Implement processes to collect, manage and analyze procurement data, ensuring the organization has the necessary infrastructure for effective data-driven decision making.

• Oversee KPIs and metrics that measure performance of the Strategic Sourcing function. 

• Prepare regular reports for internal and external stakeholders.

• Generate and communicate regular performance and resource allocation reports that translate procurement process data into actionable insights for internal teams and external stakeholders. 

• Represent the Strategic Sourcing function by thoroughly assessing and validating all new intake requests, incorporating feedback from diverse stakeholders and customers.

• Exercise strong judgment to determine the most suitable approach for each project and engage the necessary stakeholders for productive discussions. 

• Maintain a deep understanding of the department scope and sourcing strategies to navigate ambiguous situations/requests and collaborate with the appropriate stakeholders to solve challenges. 

• Integrate data and resulting insights into procurement processes: Collaborate with procurement team and IT to embed analytics tools into the procurement workflow (such as for spend analysis and forecasting, savings analysis, supplier information gathering and analysis for selection, pricing and contract analytics, benchmarking, compliance to sourcing strategies and bid analysis). 

• Develop and deliver training programs to empower procurement and cross-functional teams with the skills and knowledge needed to effectively utilize reports and tools, promoting a culture of data-driven decision-making. 

• Liaise with IT on requirements and testing for dashboards and reports in various systems including Oracle, ServiceNow, Archer, Apptio, Power BI, Tableau and others

Supervisory Responsibilities

• None

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

• Strong understanding of business analytics with ample experience in procurement, IT contracts, and/or PMO. Knowle