.**How will you make an impact?**The **Procurement** **Specialist III - Mechanical Components**, manages and continuously improves the assigned categories of spend. Collaborates with a cross-functional team of sourcing, operations, technical, finance and other key colleagues to prioritize sourcing initiatives, develops sourcing strategies, negotiates contracts, supports spend migration from incumbent to preferred suppliers, and manages preferred supplier relationships.**What will you do?****Scale of Responsibilities**- Executes global category initiatives to deliver key category performance indicators, including: savings, supplier rationalization, low-cost region sourcing, risk management, spend under agreement, joint innovation, supplier performance, etc- Supports the execution of global sourcing strategies focused on identifying and contracting with preferred suppliers that meet key business needs and category management goals**Technical Responsibilities**- Monitors market intelligence and key trends, assesses impact and refines category plans to support business requirements- Engages and supports division/site procurement teams and other key colleagues to qualify preferred suppliers & migrate spend from incumbent, non-preferred suppliers- Analyzes category supplier performance data to find opportunities for supplier performance improvement and to establish continuous improvement goals- Supports supplier business reviews with suppliers to ensure both parties meet obligations under the terms of agreement, including performance standards and continuous improvement goals- Manages the impact of cost and risk when developing contracts- Drives negotiations for global agreements aligned with category strategy**Leadership Responsibilities**- Collaborates with cross-functional colleagues (quality, technical, operations, finance, etc.) to ensure all category sourcing activities are aligned to a common set of goals and priorities**How will you get here?**- Bachelor's degree in Business or technical field. Master's Degree is preferred- Minimum of 5 years procurement/sourcing experience in mid to large multinational companies, with strong category/business engagement experience- Business acumen - knows how to assess market/business requirements dynamics and negotiate agreements that yield meaningful business value- Experience working in highly regulated industries- Experience in a continuous improvement environment with a track record of achieving significant year over year results- Demonstrated consultative/collaborative style in performing sourcing activities- Influences without authority to motivate and manage a cross-functional team in multiple geographies