What are the responsibilities and job description for the Category Specialist, Strategic Sourcing position at PTC Inc?
Are you a dynamic and driven individual ready to revolutionize sourcing processes at PTC? We're looking for someone passionate about reducing spend and maximizing profitability through innovative strategies. If you thrive on negotiating with suppliers to secure the best deals and have knowledge of the IT industry, this is the perfect opportunity for you to make a significant and long term impact at PTC!
Responsibilities:
In this role, you will promote strong relationships with suppliers and liaise with cross-functional leads, serving as the procurement ambassador for internal stakeholders. You will exercise independent judgment within defined practices and procedures, developing negotiation strategies, advising on contract terms, monitoring contract compliance, and validating or improving pricing. Additionally, you will triage and assign incoming sourcing requests, and negotiate IT contracts for software licensing, cloud subscriptions, telecom, hardware, and related maintenance for geographically dispersed teams.
Strategic Sourcing
Work with various business lines to identify and qualify new or existing suppliers, initiate requests for proposals or quotations (RFx), and advise stakeholders with respect to contract terms and conditions.
Alongside cross functional teams, participate in the selection process that critically evaluates suppliers, supplier proposals, and their expected outcomes in accordance with company policies.
Evaluate single sourcing requests and ensure competitiveness.
Analyze total costs, assist business functions with ROI analysis, price or rate benchmarking, and negotiate favorable business terms to leverage company purchasing power.
Consume market intelligence to understand cost drivers and current trends.
Category Management
Deliver accurate forecasting of demand and adjusting stakeholder predictions, if necessary.
Remain actively engaged with technology or related commodities and confidently consult internal stakeholders around industry trends, benchmarking, or best practices.
Participate in cross-functional meetings and keeping internal stakeholders informed around our procurement processes, supplier strategy, and governing policies.
Supplier Management
Manage supplier relationships with focus on risk management and cost management.
Mediate supplier issues and resolve customer/supplier disputes, if necessary.
Participate in quarterly business reviews with key vendors to review performance and support mutually agreed upon improvement programs as required.
Support ad-hoc reporting needs; including, supplier scorecards, contracting or proposal pipelines, and other IT related reporting used for non-speculative decisions.
Participate in supplier rationalization (SBR) activities for the ongoing simplification and rationalization of the PTC supplier base.
Contract Management
Ensure pricing and deliverables as negotiated are memorialized in contract; coordinate comparisons of proposals and final contract terms.
Act as liaison between Legal teams, Suppliers, and Business Stakeholders.
Ensure contract execution and retention, through an electronic signature process.
Provide timely updates, support management with quarterly reporting and address any issues quickly, efficiently, and diplomatically.
Required:
Bachelor’s degree
0-2 years working experience (internships, part time or full time roles)
Comfortable working across geographically dispersed teams.
Ability to work well under pressure, handle multiple projects simultaneously, and meet deadlines.
Proficient in Microsoft Office applications: Excel, Word, PowerPoint.
Strong project management, organizational, and analytical skills.
Excellent team facilitation and presentation skills.
Effective verbal and written communication in English.
Desirable:
Skills in contract negotiation, vendor management, and influencing.
Experience with financial modeling in Excel
Salary : $75,000 - $102,000
