Procurement Principal Specialist
Welcome to Raytheon Technologies, where we are dedicated to providing innovative technology solutions for our customers around the world. As a Procurement Principal Specialist, you will play a crucial role in our company's success by leading procurement activities and managing supplier relationships. We are seeking a highly motivated and experienced individual to join our team and help drive our procurement strategy forward. If you have a strong background in procurement and a passion for delivering high-quality products and services, we encourage you to apply for this exciting opportunity.
- Lead procurement activities: Act as the main point of contact for all procurement-related activities, including sourcing, negotiating contracts, and managing supplier relationships.
- Develop procurement strategy: Collaborate with cross-functional teams to develop and implement a procurement strategy that aligns with the company's goals and objectives.
- Manage supplier relationships: Build strong relationships with suppliers, negotiate favorable terms and conditions, and ensure timely delivery of goods and services.
- Monitor and analyze market trends: Stay informed on industry trends, pricing, and supplier performance to make informed decisions and optimize procurement processes.
- Ensure compliance: Adhere to company policies and procedures, as well as relevant laws and regulations, to ensure ethical and compliant procurement practices.
- Drive cost savings: Identify opportunities to reduce costs and improve efficiencies in the procurement process, while maintaining high-quality products and services.
- Collaborate with internal stakeholders: Work closely with internal teams, such as engineering, finance, and operations, to understand their procurement needs and ensure timely delivery of goods and services.
- Manage contracts: Review and negotiate contracts with suppliers to ensure terms and conditions are favorable for the company.
- Develop and maintain supplier database: Keep track of supplier performance and maintain a database of qualified and reliable suppliers for future procurement needs.
- Stay updated on industry best practices: Continuously research and stay updated on the latest procurement best practices to improve processes and drive efficiency.
Extensive Procurement Experience: The Candidate Should Have A Minimum Of 8-10 Years Of Experience In Procurement, Preferably In A High-Tech Or Defense Industry.
Strong Negotiation Skills: The Candidate Should Have A Proven Track Record Of Successfully Negotiating Large Contracts And Achieving Cost Savings For The Company.
Knowledge Of Supply Chain Management: The Candidate Should Have A Deep Understanding Of Supply Chain Management Principles And Practices, Including Strategic Sourcing, Supplier Relationship Management, And Risk Management.
Leadership And Team Management Skills: The Candidate Should Have Experience Leading A Team Of Procurement Professionals And Be Able To Effectively Manage And Motivate Team Members To Achieve Departmental Goals.
Excellent Communication And Interpersonal Skills: The Candidate Should Possess Strong Written And Verbal Communication Skills And Be Able To Effectively Communicate With Internal Stakeholders, Suppliers, And Other External Parties. They Should Also Have The Ability To Build And Maintain Strong Relationships With Key Stakeholders.
Project Management
Contract Negotiation
Cost Analysis
Risk assessment
Strategic Sourcing
Supplier management
Vendor Relations
Procurement strategy
Supply Chain Optimization
Supplier Diversity
Procurement Analytics
Communication
Conflict Resolution
Customer Service
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Procurement Principal Specialist in Annapolis Junction, MD, USA is between $90,000 and $120,000 per year. This range may vary depending on factors such as experience, education, and specific job responsibilities. Some companies may also offer additional benefits and bonuses.
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The Raytheon Company is a major US defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics. United Technologies Corporation was an American multinational conglomerate headquartered in Farmington, Connecticut. It merged with the Raytheon Company in April 2020 to form Raytheon Technologies.
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