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Procurement Specialist

2 months ago

Lenexa, Kansas, United States Raytheon Technologies Full time
About the Role

We are seeking an experienced Procurement Specialist to support our New Product Introduction (NPI) team at Raytheon Technologies. As a key member of our procurement team, you will drive the procurement process for new and innovative products, ensuring that all supply chain needs are met efficiently and effectively.

Key Responsibilities
  • NPI Procurement Strategy: Develop and implement procurement strategies for new product introductions, ensuring alignment with project timelines, technical requirements, and budget constraints.
  • Supplier Selection and Management: Identify, evaluate, and select suppliers that meet our quality, cost, and delivery requirements. Establish and maintain strong relationships with key suppliers to ensure successful collaboration throughout the NPI process.
  • Cost Management: Negotiate contracts, pricing, and terms with suppliers to achieve cost savings while maintaining quality and delivery standards. Monitor and manage procurement budgets for NPI projects.
  • Cross-Functional Collaboration: Work closely with engineering, design, manufacturing, and project management teams to understand new product requirements and integrate procurement activities seamlessly into the product development lifecycle.
  • Risk Management: Identify potential risks associated with supplier performance or supply chain disruptions. Develop and implement mitigation strategies to minimize impact on NPI projects.
  • Process Improvement: Continuously seek opportunities to improve procurement processes, tools, and systems to enhance efficiency and effectiveness in supporting new product launches.
  • Market Analysis: Stay informed about market trends, supplier capabilities, and emerging technologies that could impact procurement strategies and product development.
  • Compliance and Documentation: Ensure all procurement activities comply with company policies, industry regulations, and contract terms. Maintain accurate and up-to-date documentation related to supplier agreements, performance, and project status.
  • Performance Metrics: Track and analyze key performance indicators (KPIs) related to procurement activities and supplier performance. Provide regular reports and updates to project stakeholders and senior management.
Requirements
  • Typically requires a University Degree and minimum 5 years prior relevant experience or an Advanced Degree in a related field and minimum 3 years of experience or in absence of a degree, 9 years of relevant experience.
  • Must be authorized to work in the U.S. without sponsorship now or in the future. Raytheon Technologies will not offer sponsorship for this position.
Preferred Qualifications
  • Advanced Certifications: Certifications in procurement or supply chain management (e.g., APICS, CPPB, CPSM).
  • Industry Knowledge: Experience with aerospace or high-tech manufacturing environments, including familiarity with industry-specific procurement practices and standards.
  • Project Management: Demonstrated experience in managing procurement activities within the context of new product development projects. Ability to handle multiple projects simultaneously and meet tight deadlines.
  • Analytical Abilities: Experience assessing supplier capabilities, market conditions, and cost implications. Proficiency in data analysis and performance metrics.
  • Communication Skills: Working experience interacting with suppliers, cross-functional teams, and senior management.