Sr. Sourcing Analyst

Panasonic • Newark, NJ

9d • $85,000 - $98,000

About The Position

Every moment of every day, people all over the world turn to Panasonic to make their lives simpler, more enjoyable, more productive and more secure. Since our founding almost a century ago, we’ve been committed to improving peoples’ lives and making the world a better place–one customer, one business, one innovative leap at a time. Come join our journey!

What You'll Get To Do:
This role is responsible for leading and supporting sourcing initiatives for Panasonic’s central procurement team across multiple spend categories that include, but are not limited to, IT, HR, Logistics, Marketing, and Professional Services

Requirements

• Bachelor’s degree in relevant (e.g., Supply Chain, Business, STEM) required
• 3+ years of relevant experience
• Strong analytics and financial skills
• Experience with sourcing, supplier management, and contract management
• Ability to lead and influence change in the face of complexity and ambiguity
• Demonstrated analytical, problem solving, organization, and project management skills
• Ability to interact effectively with all levels of management
• Knowledge of technology applications enabling procurement and strategic sourcing
• Self-starter with ability to work independently with minimal supervision
• Excellent interpersonal and communication skills
• Ability to interface effectively with internal and external stakeholders
• Ability to provide timely and effective written and verbal communications
• All candidates must have valid authorization to work in the U.S.

Nice To Haves

• MBA and other relevant degree /certification (e.g., ISM CPSM, six sigma) desirable
• Excellent skills in PowerPoint, Word, Excel and Tableau preferred
• Highly motivated, flexible, proactive with a continuous improvement mentality
• Thrives in fast paced, goal oriented, dynamic organization with time sensitive deadlines
• Detail oriented with strong organizational skills

Responsibilities

• Build and maintain RFx templates in eSourcing tool
• Provide internal and external user support during RFx process, including coordinating NDAs, supplier training and responses to supplier questions
• Gather requirements and specifications from business and category experts to ensure that proposed solutions meet business needs
• Assess supplier capabilities and identify new sources of supply
• Analyze complex bidding and award scenarios leveraging multi bid analysis model to facilitate fact-based supplier selection
• Support negotiation strategy development and execution.
• Develop transition plan to new supplier and support implementation
• Review contract terms and work with suppliers, stakeholders, and PNA departments such as Risk Management and Legal to ensure PNA’s terms and conditions are accurately met.
• Conduct analysis in Excel, Power BI, or sequel querying tools to support procurement activities including spend analytics, budget analysis, bid analysis, etc.
• Leverage spend analytics to identify consolidation opportunities; understand total cost of ownership and cost drivers, analyze product/service specifications to identify rationalization opportunities
• Analyze market intelligence to build business cases and should cost models to identify and quantify improvement opportunities for both sourcing and non- sourcing – e.g., demand management, process improvements, insource vs. outsource, etc.
• Develop sourcing strategies based on baseline data, market dynamics and business requirements
• Leverage company’s source to contract and procure to pay technologies to conduct sourcing activities
• Work with category managers, suppliers and key stakeholders post projects to manage supplier performance and identify continuous improvement initiatives
• Build and maintain strong relationships with stakeholders
• Enforce compliance to procurement policies and work to increase adoption
• Track and properly allocate procurement savings and costs to divisional budgets

Benefits

• Panasonic prioritizes total well-being and offers comprehensive benefits options to support physical, emotional, financial, social, and environmental health:
• Health Benefits – Offering medical, dental, vision, prescription plans, plus Health Savings Account and Flexible Spending Account options.
• Voluntary Benefits – Life, accident, critical illness, disability, legal, identity theft, and pet insurance.
• Panasonic Retirement Savings & Investment Plan (PRSIP) – 401(k) plan with company matching contributions and immediate vesting.
• Paid Time-Off Benefits – Vacation, holidays, personal days, sick leave, volunteer, and parental & caregiver leave.
• Educational Assistance – Tuition reimbursement for job-related courses after six months of service.
• Health Management and Wellbeing Programs –Lifestyle Spending Account, EAP, virtual health management, chronic condition, neurodiversity, tobacco cessation, substance abuse support, and life stage and fertility resources. Available to eligible employees starting the first day of the month following your start date. Eligibility for each benefit may vary based on employment status, location, and length of service.
• Employee Recognition Program - High5 employee recognition and awards platform, quarterly and annual employee recognition
• Annual Bonus Program - Opportunity for an annual performance-based bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level