- The team aims to deliver superior performance to the organization in the areas of value creation, supplier management, and supplier risk mitigation through strategic sourcing initiatives for all divisions and functions of the company
- Marketing Procurement intern positions would be in one or two of the following: Creative, Public Relations & Global Communications, Media, Market Research or Marketing Operations
Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier diversity development, working capital improvement, and supplier relationship management
- Work with cross functional teams including Legal, Finance, Procure-to-Pay, internal stakeholders, and external suppliers Conduct detailed market analyses looking at facts and data, with the objective of providing deep and meaningful insights
- Implement procurement efforts and execute tactical procurement processes
- Serve as a resource regarding processes, procedures and systems for procurement function
- Support selection of suppliers to ensure appropriate savings and service levels
- Ensure that all legal contract requirements are met
- Manage relationships with external contacts to ensure optimal team performance and to take appropriate actions by implementing contract negotiation, communication with suppliers and/or or modifying procedure to ensure customer satisfaction
- Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach
- Supplier and Supply Market Analysis – To conduct rigorous market intelligence and detailed supplier and supply market analyses, to provide deep and meaningful insight to Sourcing teams
- Cost Modeling / Cost reduction – To construct detailed cost models/purchase price analysis of goods and services that are supplied to our company
- Supplier Performance Management – supplier performance monitoring, root cause investigation, issue management, risk assessment and mitigation
- Strategic Analysis – To conduct project analysis which transforms the information gathered from 1) and 2) above into insightful, well-structured breakthrough options and opportunities
- Examples include Portfolio Analysis, Supplier Referencing, and Day One Sourcing
- Financial Analysis & Reporting – To prepare analysis and reporting of category spend, savings, compliance, and other metrics data on a monthly basis
- To support the annual budget / profit planning process for the category at the global level
- To maintain financial reporting and management systems (including SAP) with up-to-date data on an ongoing basis
- Negotiation Planning – To create detailed pre-negotiation plans, to lead and participate any prolonged negotiation sessions with suppliers and to conduct post negotiation debriefs and follow through plans
- Sourcing – To create and execute RFIs, RFPs, and e-Auctions, together with subsequent structured information analysis wherever possible using electronic procurement processes
Risk Assessment and Mitigation – To conduct effective risk assessment (including Financial Solvency Analysis, compliance with FCPA, Business Partner Code of Conduct, etc.) and establish appropriate risk mitigation plans within the supply-base pursuant to our Manufacturing Division's risk management framework
- Category Team Membership – To be an active member of one or more category teams using the techniques and content created in above as input in the creation of breakthrough strategies delivering cost reduction targets
- Sharing of Learnings – The incumbent will be expected to generate work of world-class quality and to share and transfer this to colleagues throughout GSMG
This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely
