Senior Sourcing Specialist

Job description

Our world is transforming, and PTC is leading the way. Our software brings the physical and digital worlds together, enabling companies to improve operations, create better products, and empower people in all aspects of their business. Our people make all the difference in our success. Today, we are a global team of nearly 7,000 and our main objective is to create opportunities for our team members to explore, learn, and grow – all while seeing their ideas come to life and celebrating the differences that make us who we are and the work we do possible. 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. Life at PTC is about more than working with today’s most cutting-edge technologies to transform the physical world. It’s about showing up as you are and working alongside some of today’s most talented industry leaders to transform the world around you. If you share our passion for problem-solving through innovation, you’ll likely become just as passionate about the PTC experience as we are. Are you ready to explore your next career move with us? We respect the privacy rights of individuals and are committed to handling Personal Information responsibly and in accordance with all applicable privacy and data protection laws. Review our Privacy Policy here."