Procurement Specialist
7 days ago
The Procurement Lead at PJM Interconnection is responsible for strategic sourcing projects of complex services and software, including market research, vendor due diligence, requirements and scope/statement of work development, and planning and sourcing strategy.
Key Responsibilities:
- Initiate, lead, and manage the RFI/RFQ/RFP process, interpreting and analyzing supplier proposals, consistent with established policy and industry best practices.
- Analyze price proposals, financial reports, and other data to determine reasonableness of prices.
- Negotiate contract terms and conditions to minimize risk, optimize PJM financial and operational performance, and protect PJM's assets with careful attention to the safeguarding of PJM's intellectual property and confidential/proprietary information.
- Develop and negotiate statements of work for consulting engagements.
- Select, maintain, and manage a supplier base that is financially sound, technically competent, and strategically aligned.
- Effectively manage multiple procurement projects meeting time, cost, and quality constraints.
- Demonstrate persuasion and influence skills, building conducive professional relationships with internal stakeholders and external vendors.
- Develop benchmarks and measure the ongoing effectiveness of relevant processes and systems, ensuring compliance with internal and external policies and standards.
- Develop and implement tactical plans consistent with the procurement strategy.
- Demonstrate integrity in decision-making.
- Demonstrate ability to work independently in pursuit of departmental goals and objectives with little or no specific direction.
Requirements:
- BS degree in Business Administration, Business, Finance, or equivalent work experience.
- At least 5 years of experience sourcing, purchasing, and commercial contract negotiation.
- At least 5 years of experience using Key Performance Indicators to manage the performance of the supplier base.
- Ability to produce high-quality work products with attention to detail.
- Ability to visualize and solve complex problems.
- Experience in sourcing, purchasing, or materials management.
- Experience with preparing and issuing purchase orders and change orders.
- Experience evaluating and/or monitoring contract performance to determine necessity for amendments, extensions, or terminations of contracts, as well as compliance to contract obligations.
Preferred Qualifications:
- MBA degree.
- At least 5 years of experience negotiating and executing commercial contract terms and conditions and end user software license agreements.
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