Procurement Category Specialist

 

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

 
The Category Specialist has responsibility for leading a category of expenditures and focuses on creating, recommending, implementing, and managing a bank-wide strategy for the purchase of the category goods and services. Elements of an industry-leading category strategy will include: spend assessment, supplier recommendations, sourcing methodologies, transaction platforms, on-going supplier management, pricing and contract negotiations and continuous-improvement plans.
Essential Functions:
- Work with management to construct a category strategy that will deliver the greatest value to U.S. Bank according to the enterprise’s goals and objectives.
- Demonstrate subject matter expertise regarding category expenditures
- Recommend business practice changes that will improve the value of supplier relationships that can be quantified in measurable ways.
-  Provide market analysis and research
- Communicate market trends and observations to team members and managers
- Benchmarks commodities against approved internal/external standards to ensure competitive pricing and other cost advantages
-  Negotiate complex, enterprise-wide contracts typically in excess of $1 million annually
- Advises management of contractual rights and obligations and provides interpretations of terms and conditions
- Lead cross functional sourcing teams and act as primary liaison between supplier and U.S. Bank
- Manages multiple projects, maintains project plans and provides project related direction to less experienced team members including business line buyers
- Performs supplier risk management activities, including risk assessment and prioritization, contingency planning, risk reporting, and reputation risk monitoring
- Reports supplier risks to Supplier Manager Business Leader on a regular frequency with recommendations for mitigation and prevention
 

Qualifications

 
Required Skills
Basic Qualifications
- Undergraduate degree in business, finance, supply chain management, or logistics
- Three-five years relevant, related work experience
 
Preferred Qualifications
- Experience with multi-functional print devices or other enterprise-wide equipment fleet
- Strong analytical skills related to cost structures, cost modeling, and value analysis
- Comfort and poise working at many different levels across an organization
- Creative problem-solving and opportunity identification experience
 
 

Job

Specialized

Primary Location

Minnesota-MN-Richfield

Shift

1st - Daytime

Average Hours Per Week

40