Procurement Principal Specialist

Are you a seasoned procurement professional looking for a new and exciting challenge? Look no further than Raytheon Technologies! We are seeking a highly skilled and experienced Procurement Principal Specialist to join our dynamic team. As a leading aerospace and defense company, we are committed to providing innovative solutions to our customers and we need a dedicated individual to help us achieve our goals. If you have a passion for procurement and a proven track record of success, we want to hear from you! Join us at Raytheon Technologies and be a part of something truly extraordinary.

1. Develop and implement procurement strategies that align with company goals and objectives.
2. Conduct market research and analysis to identify potential suppliers and negotiate favorable terms and conditions.
3. Manage supplier relationships and ensure timely delivery of goods and services.
4. Collaborate with cross-functional teams to identify and mitigate potential risks in the supply chain.
5. Develop and maintain strong partnerships with internal stakeholders to understand their procurement needs and requirements.
6. Manage procurement budget and ensure cost savings targets are met.
7. Stay updated on industry trends and best practices to drive continuous improvement in procurement processes.
8. Lead contract negotiations and ensure compliance with company policies and procedures.
9. Develop and maintain metrics to track procurement performance and identify areas for improvement.
10. Mentor and train junior procurement team members.
11. Ensure compliance with relevant laws, regulations, and ethical standards.
12. Participate in supplier diversity initiatives to promote a diverse and inclusive supply chain.
13. Provide regular reports and updates to senior management on procurement activities and initiatives.
14. Foster a culture of innovation and continuous improvement within the procurement team.
15. Represent the company at industry events and conferences to network and identify potential suppliers.

According to JobzMall, the average salary range for a Procurement Principal Specialist in Tewksbury, MA, USA is $95,000 to $130,000 per year. This range can vary depending on the specific industry, company size, and level of experience of the individual.

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.