Sourcing Analyst

We are looking for a talented Sourcing Analyst to join our team in Purchasing for Cummins Cwmbran, Gwent, United Kingdom.

In this role, you will make an impact in the following ways: 

• Lead price negotiations with suppliers, using market intelligence, cost analysis, and benchmarking to achieve competitive pricing and support cost value delivery.

• Support contract negotiations and development for low-complexity, low-risk sourcing activities, ensuring alignment with sourcing strategies, commercial requirements, and applicable policies and processes.

• Analyze direct material spend, sourcing data, market information, and supplier performance to identify optimization opportunities, cost reductions, and alternative sourcing solutions.

• Develop and execute buying strategies for assigned commodities and materials in line with agreed sourcing strategies, ensuring the optimum balance of cost, quality, delivery, and supply continuity.

• Build and maintain effective supplier relationships, working with suppliers to address pricing, payment, order fulfillment, quality, and delivery requirements.

• Collaborate closely with internal stakeholders, including Engineering, Quality, Supply Chain, BLM, and PLM, to align sourcing activities with product, technical, commercial, and operational requirements.

• Prepare and present sourcing analyses, recommendations, Value Capture Summaries, price benchmarks, and improvement opportunities to procurement and sourcing leadership.

• Support sourcing projects and process improvements by managing procurement data and systems, maintaining legal and compliance documentation, supporting Six Sigma initiatives, and acting as a subject matter expert for relevant sourcing tools and processes.

Education/ Experience:

• College, university, or equivalent degree in field appropriate for the function required or equivalent experience required.
• This position may require licensing for compliance with export controls or sanctions regulations.

To be successful in this role you will need the following:

• Proven purchasing and sourcing experience, with strong negotiation and contract negotiation skills and the ability to manage supplier relationships while balancing the needs of Engineering, Quality, Supply Chain, BLM, PLM, and other stakeholders.
• Strong automotive industry experience and product knowledge, with a solid understanding of manufacturing processes and the ability to assess supplier capabilities, product requirements, and sourcing opportunities.
• Strong analytical and cost management skills, with the ability to analyze data, evaluate supplier quotations, apply Total Cost of Ownership (TCO) principles, and identify opportunities to optimize cost and value.
• Strong business insight and commercial acumen, with an understanding of market dynamics, Source to Pay principles, supply base risks, and the impact of sourcing decisions on cost, quality, supply continuity, and business performance.
• Proficiency in Microsoft Excel and purchasing/procurement systems, with the ability to analyze sourcing data, support RFQ processes, maintain accurate procurement information, and work effectively within established procurement policies, procedures, and tools; CIPS qualification is an advantage.
• Strong communication, relationship-building, and conflict-management skills, with the ability to communicate effectively with suppliers and internal stakeholders, protect confidential information, uphold procurement ethics, and take action with a high level of urgency and accountability.