Category Sourcing Manager

3 weeks ago

Franklin, United States Loews Hotels & Co Full time

This position provides direction and leadership in a high-volume multi-state environment to a dynamic sourcing, contracting, and vendor management team and is responsible for creating key enterprise-wide projects that provide cost savings and/or quality and/or process improvement and outstanding internal customer service in support of the Department’s annual goals.

This position will research activities while driving the contract and negotiation process with suppliers from the initial planning, research, RFP through bid analysis, negotiation of product quality, price, contract terms, and execution of contracting initiatives that result in successful contracts that support the needs of our hotels and will conduct the initiative that leverages best practices and sound processes. This position will monitor the supplier’s continual execution of timely delivery of products, out-of-stock, and substitute items, and will oversee their own portfolio of contracts in which s/he will ensure the supplier meets contract commitments and that customers’ needs are being met. The Sourcing and Contract Manager will interact regularly with stakeholders at Local Hotel level, Suppliers, Procurement Services, Legal and Finance Staff. The Sourcing Contract Manager reports to the Assistant Director of Hotel Acquisition & Operating Analytics.

  • Lead and execute sourcing projects, including developing a negotiation and pricing strategy for supplier agreements, preparing RFPs, identifying and selecting all suppliers, supplier negotiations, business case recommendations, project management, and contract execution. Manage supply contracts and ensure optimal contract terms and coverage.
  • Proactively identify, recommend, initiate, and track opportunities for cost savings.
  • Build and maintain supplier relationships; hold suppliers accountable to deliver contractual commitments
  • Leverage e-business tools, such as RFP sourcing tools, spend analysis, supplier intelligence, competitive bidding, and contract management.
  • Must stay abreast of business requirements and market trends.
  • Create and Process Purchase Orders when needed.
  • Create realistic timelines during initiative planning and then meet milestones to deliver high-quality contracts
  • Assists Assistant Director, of Hotel Acquisition & Operating Analytics in contract development process, policies, templates, contract management system, and related database
  • Responsible for supply planning and analysis and supply market research.
  • Responsible for supplier management of performance, quality, and relationship management.
  • · Assists the Assistant Director of Hotel Acquisition & Operating Analytics bid evaluations, product contract reviews, and evaluates products.
  • · Assists the Assistant Director of Hotel Acquisition & Operating Analytics in OS&E budget preparation for hotel acquisition & new builds.
  • · Responsible for budget tracking and reconciliation for hotel acquisition & new builds.
  • · Prepare and Present PowerPoint Presentations for leadership.
  • Regular attendance in conformance with standards
  • May be required to work varying schedules and overtime based on the operational needs of the business
  • Required to attend training sessions and meetings
  • May be required to work varying schedules to reflect business needs.
  • Ability to perform “Physical Requirements” and “Mental Effort Requirements” as explained below.

Specific Job Knowledge, Skills, and Abilities

The individual must possess the following knowledge, skills and abilities and to perform the essential functions of the job,

Required:

· Strong analytical, business process analysis and problem solving capabilities

· Skilled with technology based systems including spend analytics and e-procurement tools

· Advanced knowledge of MS Word, Excel, PowerPoint and Smartsheet

· Excellent oral, written and verbal communication skills

· Ability to interpret specifications and use sound judgment to make business decisions

· Effective time management and organizational skills

· High motivation and results-oriented work ethic

· Willingness to learn and understand sourcing best practices

  • Supply chain knowledge
  • Technical sourcing process knowledge
  • Ability to conduct analysis required during a sourcing initiative
  • Ability to build strong relationships with suppliers
  • Ability to manage more than one initiative at once
  • Strong attention to detail and process orientation
  • Ability to perform analysis and interpret results into actionable steps

Qualification Standards

Education: BS/BA in relevant field or equivalent years' experience preferred.

  • Experience:
  • 3+ years of directly related supply chain or procurement experience
  • Experience in the hospitality industry is preferred but not required
  • Experience in OS&E, F&B, FF&E, Capital, Reserves, IT and MRO preferred

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