Category Manager

2 weeks ago


Charlotte, North Carolina, United States Truist Inc Full time
Job Summary

Truist Inc is seeking a skilled Category Manager to join our team. As a Category Manager, you will be responsible for managing all demand management and supply management activities for one or more categories of spend, with the goal of optimizing the total cost of ownership, managing supplier risk, ensuring suppliers adhere to needed timelines, and meeting all business stakeholders' needs.

Key Responsibilities
  • Implement category strategies with medium spend levels, complexity, and strategic importance within your portfolio to optimize business efficiency and drive maximum value.
  • Develop an understanding of the current category activity within Truist and determines where SSM can have a greater involvement and drive value.
  • Specialize by developing deep expertise within the category(s).
  • Maintain deep understanding of global supply markets, competitors and product innovations.
  • Build strong relationships with 'internal customers' and industry suppliers.
  • Partners with Business Leaders and Executives to ensure that sourcing strategies/category plans and execution are aligned with the Business and MoE/ecosystem Goals.
  • Leads cross functional teams in the development of category specifications, RFIs, RFPs, contracts, and sourcing project plans.
  • Performs market data analysis for negotiations and supplier selection, and leads high-complexity sourcing events.
  • Compiles commodity profile details such as supplier performance, volume forecasts, and design specifications.
  • Analyzes trends and dynamics of supply markets, and prepares commodity-specific performance metrics & dashboards.
  • Ensures that best practices in the sourcing process are followed.
  • Execute the full sourcing process which includes development of scope, supplier selection, commercial negotiation, third party risk acceptance and contract execution.
  • Engages risk stakeholders as needed for sourcing activity.
  • Drive to remedy inconsistent vendor performance across the enterprise and improve vendor performance/optimizing allocation of spend.
Requirements
  • A Bachelor's degree is required 6 to 8 years of relevant experience in sourcing (and related functions) with regulated organizations known for the strength of their operational, customer service, and risk excellence.
  • Knowledge of the market, suppliers and cost drivers.
  • Demonstrated experience with managing matrixed supplier relationships.
  • Ability to learn content quickly and apply a strategic lens to category spend.
  • Ability to engage and communicate with internal and external stakeholders.
  • Track record of success in supplier consolidation and driving spend to preferred suppliers.
  • Subject Matter Expertise in strategic sourcing methodology and techniques.
  • Demonstrated ability to develop client relationships.
  • Proficient analytical skills.
  • Proficient written and verbal communication skills.
  • Proficient project management and time management skills.
  • Proficient business acumen.
  • Proficient negotiation and influencing skills.
  • Proficient interpersonal skills with the ability to communicate effectively at all levels, particularly at the management level.
  • Self-motivated, with executive presence and presentation skills.

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