C

Caterpillar

Makes heavy machinery, engines and gas turbines

Procurement Professional

Full-TimeDeadline 12/1/26
No salary listed
Mid
Bachelor's
Wuxi, Jiangsu, China
In PersonOnsite five days a week; travel required 20%-40%.
Operations & LogisticsProcurement & Sourcing

About the job

Requirements
  • A bachelor's degree or higher in Supply Chain Management, Business, Engineering, Manufacturing, or a related field is required.
  • Proven experience in supplier relationship management, commercial negotiations, and working in a cross-functional manufacturing environment is required.
  • Strong analytical, problem-solving, and decision-making skills, with the ability to manage multiple priorities and drive results, are required.
  • Proficiency with enterprise resource planning systems such as SAP and Microsoft Office applications is required.
  • Strong verbal and written communication skills in both English and Chinese are required.
  • Strong ownership, accountability, and ability to perform effectively in a fast-paced environment are required.
Responsibilities
  • Lead sourcing and procurement activities for engine components.
  • Develop and execute category strategies to achieve cost, quality, delivery, and supply continuity objectives.
  • Manage supplier relationships and drive supplier performance improvements.
  • Lead commercial negotiations, contract management, and cost reduction initiatives.
  • Collaborate with Engineering, Quality, Manufacturing, and Logistics teams to support new product introduction and business needs.
  • Monitor market trends, supplier capabilities, and supply chain risks to ensure a resilient supply base.
  • Resolve supplier-related quality, delivery, and capacity issues while ensuring compliance with company policies.
Desired Qualifications
  • Experience sourcing engine components, with knowledge of relevant manufacturing processes.
  • Experience managing and developing suppliers across China and the Asia-Pacific region, including supplier performance improvement initiatives.
  • Strong understanding of cost modeling, value analysis/value engineering, and cost optimization methodologies.
  • Experience supporting new product introduction sourcing programs and familiarity with Advanced Product Quality Planning, Production Part Approval Process, and supplier quality management systems.
  • Experience working in a multinational or global procurement environment, with strong business acumen and the ability to influence cross-functional and global stakeholders.
  • Professional certifications such as Certified Professional in Supply Management, Certified in Production and Inventory Management, Certified Supply Chain Professional, or equivalent are preferred.
  • Proactive, adaptable, and resilient, with high integrity, a continuous improvement mindset, and a strong willingness to learn.

About the company

Caterpillar makes construction and mining machines, diesel and natural gas engines, industrial gas turbines and locomotives for contractors, mines, energy companies and data center builders. It is the world's largest maker of construction and mining equipment, and its yellow Cat bulldozers and excavators work in nearly every country. Customers buy or rent machines through independent Cat dealers, while its engines and turbines generate electricity and push natural gas through pipelines. Caterpillar earns money from equipment sales and from the parts and repairs that dealers supply over a machine's working life. It was formed in 1925 when California's Holt and Best tractor companies merged, and it is based in Irving, Texas.

Company Size

10,001+

Company Stage

IPO

Headquarters

Irving, Texas

Founded

1925

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Simplify's Take

What believers are saying

  • Data centers drive growth: power generation sales jumped 72% in the June 2026 quarter on demand for generators and turbines.
  • Factory hiring is growing: a $1 billion North Carolina plant, announced September 2026, is expected to create 1,950 jobs.
  • Recurring service work adds stability: parts and service brought in $24 billion in 2025, over a third of sales.

What critics are saying

  • Tariffs keep getting costlier: in August 2026, Caterpillar forecast $2.2 billion of 2026 tariff costs, up from 2025's $1.8 billion.
  • Patent fight threatens imports: in December 2025, rival Bobcat asked US trade regulators to ban some Cat loaders and excavators.
  • Expect five office days a week: since June 2025, US office staff must come in daily, and attendance affects reviews.

What makes Caterpillar unique

  • Power, not bulldozers, is its biggest business: engines and turbines brought in $28.6 billion in 2025, topping construction's $25.1 billion.
  • It runs its own lender: Cat Financial's overdue loans fell to 1.31% in June 2026, the lowest since 1998.
  • It also makes gas turbines: San Diego-based Solar Turbines builds 1 to 39 megawatt units for pipelines and power.

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Benefits

  • Annual incentive bonus plan
  • Medical, dental, and vision coverage
  • Paid time off plan (Vacation, Holiday, Volunteer, Etc.)
  • 401k savings plan
  • Health savings account (HSA)
  • Flexible spending accounts (FSAs)
  • Disability benefits
  • Life Insurance
  • Parental leave
  • Healthy Lifestyle Programs
  • Employee Assistance Programs
  • Voluntary Benefits and Employee Discounts

Growth & Insights and Company News

6 month growth

1%

1 year growth

3%

2 year growth

3%
Yahoo Finance
Nov 2nd, 2026
Caterpillar posts record $20.7B quarterly sales as AI power demand lifts backlog to $78B

Caterpillar reported record quarterly sales of $20.7 billion for the third quarter of 2026, driven by surging power demand from artificial intelligence data centres and infrastructure projects. The company announced the results on its earnings call on October 29, 2026. Order backlog hit a record $78 billion, up about $38 billion, or 96%, from a year earlier. Demand was strong across all three primary segments. Chief executive officer Joseph Creed said the company is taking some large reciprocating engine orders as far out as 2029, and turbine orders into 2030. Caterpillar will invest $1 billion to expand its Sanford, North Carolina, plant to meet demand for compact construction equipment. It still expects full-year 2026 sales and revenues to grow in the mid- to high teens, and plans to return substantially all Machinery, Power, and Energy free cash flow to shareholders.

Yahoo Finance
Oct 30th, 2026
Caterpillar shares fall 3.1% to $627 as RBC cuts price target to $722 from $897

Caterpillar shares fell 3.09% to $627.39 at 13:10 ET on October 30, as investors focused on fourth-quarter expectations and the outlook for 2027. RBC cut its price target to $722 from $897 and kept its Sector Perform rating. It cited concerns about implied fourth-quarter performance and limited visibility into next year. The construction-equipment and power-systems maker reported third-quarter revenue up 17% to about $20.7 billion. Adjusted operating margin rose to 20.6% from 17.5% a year earlier. At 26.99 times earnings, the shares could stay sensitive to any disappointment. Investors want evidence that demand, pricing, and deliveries can sustain the stronger margins into 2027.

Yahoo Finance
Oct 30th, 2026
ETFs net sellers of Caterpillar with $19.0M outflow, second straight day of selling

US-listed exchange-traded funds (ETFs) were net sellers of Caterpillar (CAT) on Wednesday, October 28, pulling a net $19.0 million from the stock. Thirty-two ETFs bought and 13 sold, but the sellers moved larger sums. It was the second straight day of net selling, after $25.3 million on Tuesday. The largest sellers were AVLV ($28.5 million), DIA ($12.7 million), and DFUS ($1.3 million). Caterpillar has a market cap of $297.6 billion. Its trailing 12-month revenue was $74.73 billion, up 21.5% over one year, and its net margin was 14.2%. The stock trades at $647.39, and its year-to-date return is 13.97%.

Yahoo Finance
Oct 29th, 2026
Oppenheimer holds $1,009 Caterpillar target, 54% upside, despite 38% slide

Oppenheimer analyst Kristen Owen reiterated her Outperform rating on Caterpillar and a $1,009 price target, 54% above the current price. The stock is 38% below its June 30 record high after a weak fourth-quarter outlook. Third-quarter sales rose 17% to a record $20.7 billion, and adjusted earnings per share (EPS) reached $7.20, from $4.95. Power generation sales grew 30% on data centre demand, and backlog hit a record $78 billion. Consensus 2026 EPS is $27.33, up from $24.72 90 days ago. Still, Oppenheimer's target implies about 35x forward earnings, against a five-year average of 19x. The Street's average target is about $940. The company's 2027 outlook in late January, particularly on margins, could change the picture.

Yahoo Finance
Oct 29th, 2026
Caterpillar shares fall 9.5% as $20.68B Q3 revenue narrowly misses estimates despite earnings beat

Caterpillar (CAT) shares fell 9.5% in premarket trading after the company beat third-quarter earnings expectations but narrowly missed revenue estimates. Adjusted earnings were $7.20 per share, up from $4.95 a year earlier and above the $7.03 analysts expected, according to Fiscal.ai. Revenue rose 17% to $20.68 billion, $8 million short of the $20.69 billion estimate. Power and energy sales rose 18% to $8.78 billion. Power-generation sales jumped 30% to $3.42 billion, driven by turbines, related services, and large engines used mainly in data centres. Operating profit rose 38% to $4.214 billion, including $128 million in tariff recoveries. The company returned $1.9 billion to shareholders. "Our third-quarter results reflect the durability of our end markets, with strong order rates and a record backlog," said chief executive officer Joe Creed.