Purchasing Analyst – Value Analysis/Value Engineering (VA/VE)
Support the Value Engineering team’s efforts to identify and eliminate waste with a focus on current product designs. The scope will include material acquisition through final production with this position acting as a key liaison between Design Engineering, Manufacturing Engineering, Supply Chain, and Operations.
Estimate cost savings potential of identified VA/VE initiatives.
Recommend supplier selection based on Quality, Delivery, Cost, and Integration criteria.
Interpret VA/VE study results to provide timely, accurate, and concise summaries that drive continuous improvement.
Ensure compliance with the Divisional sourcing strategies; utilizing existing/preferred suppliers and receiving direction from Commodity Managers.
Quantify costs from a total cost of ownership (TCO) perspective across supply chain to help identify opportunities to remove waste.
Develop & review RFQ and RFP’s consistent with Divisional best practices and policies.
Represent Supply Chain on VA/VE team and serve as cross-functional liaison.
Coordinate the implementation of identified cost savings initiatives with support from Supply Chain and Operations while minimizing disruptions to production and exposure to inventory obsolescence.
Monitor and report actual savings post VA/VE initiative execution.
Process purchase requisitions and manage supplier communications.
Performs other related duties and assignments as assigned.
Education and Experience
A Bachelor’s degree; concentration in Supply Chain or Operations Management is a plus; or equivalent combination of education and experience.
4 + years of experience as an individual contributor in Purchasing or Supply Chain function.
Change management experience gained in a lean manufacturing or six sigma environment is preferred.
Practical knowledge of how supply chains work and ability to assess cost drivers of industrial processes.
Demonstrated ability to work collaboratively; with strong networking, influencing, and communication skills; and to drive effective project execution.
Team player who can successfully interact with internal and external organizations and effectively communicate verbally and in writing in a timely manner to ensure positive results.
IFS experience or working knowledge of other ERP systems.
Demonstrated proficiency in computer skills inclusive of all Microsoft Business Suite required (Outlook, Word, Excel, Access, Visio, PowerPoint, etc.).