Procurement Specialist
The Procurement Specialist is responsible for implementing contractual protections for the company and coordinating key project contracts focused on supporting safe and efficient operation of Vistra's Generation fleet. Tasks include leading sourcing events as well as facilitating the contracting and procurement processes. A solid knowledge of all aspects of the sourcing, contracting and procurement processes is required. The position is expected to work with key internal and external stakeholders to gather requirements, conduct spend analyses, perform market and supplier analysis, facilitate the bid / proposal process, develop and use supplier evaluation criteria, conduct negotiations, formulate purchase orders and contract documents, manage invoicing exceptions, and manage supplier performance including issue resolution. This position will also coordinate with internal customers to create sourcing strategies that deliver quantifiable savings.
Contracting & Procurement
- Draft and negotiate contracts, SOWs, etc. in Vistra's contracting tool, including managing the redlining process
- Facilitate internal stakeholder & legal review, resolving non-standard contract terms
- Manage contract documents on an ongoing basis contract expirations, renewals, amendments, terminations, etc.
- Maintain accurate contract data in contracting and purchasing tools
- Support PO creation and resolution of invoicing exceptions and guide buyers as needed
- Support of emergent procurement needs during after-hours / weekends / holidays on a rotating basis
Sourcing
Lead sourcing events (bids, RFIs, RFPs) across categoriesAnalyze spend and bids and develop cost savings estimatesWork with key stakeholders and Category Managers to gather business and technical requirementsDrive supplier selection process using score cards & assessing total cost of ownershipSupport and promote Vistra's supplier diversity programIncorporate safety into daily work ethic and buying decision processCategory Management
Team with Category Manager on strategies and contracting needsEducation, Experience & Skill Requirements
5+ years of contracting / sourcing experience or other related experienceOperational business knowledge, with understanding of sourcing, procurement, contracting and supplier management processDemonstrated ability to conduct the sourcing process including preparation activities & running e-sourcing eventsDemonstrated problem-solving and strong analytical skillsEnthusiasm for driving optimum business outcomesStrong written and oral communication; ability to persuade othersDemonstrated strong understanding of common contract Terms & Conditions, including practical and risk impacts of those termsExperienced in negotiation preparation and tacticsIntermediate Microsoft office capabilities (Excel, Word)Ability to work with and manage confidential informationExperience gained through college degree programs and / or certifications is applicable to above skills (CPM, CPSM, JD)Key Metrics
Value delivered to the organization through multiple value levers (price savings, cost avoidance, etc.) as measured on an annualized and NPV basisOperational improvement (timely procurement of equipment, supplies and services, accurate data in contracting and purchasing systems, manage contract expirations & renewals)Inclusion of small and diverse suppliers as measured by inclusion of suppliers in bid opportunities and awardsManaging own- and third-party safety performance by leveraging learning events to identify corrective actionsJob Family : Supply Chain
Company : Luminant Generation Company LLC
Locations : Royal Lane Office Texas