Brightstar Lottery - Purchasing Specialist III (18578) at The City of Providence

Providence, Rhode Island, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Apr, 26

Salary

122400.0

Posted On

30 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Negotiation, Communication, Analytical Thinking, Supplier Management, Contract Management, Compliance, Procurement Strategies, Market Research, Supplier Relationships, Cost-Saving Initiatives, ERP Systems, Ariba, Collaboration, Sourcing Strategies, Spend Monitoring, Quality Assurance

Industry

Mental Health Care

Description

Brightstar is an innovative, forward-thinking global leader in lottery that builds on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, fulfill player needs and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com. Responsibilities Responsible for ensuring efficient and effective procurement of services and goods for the assigned procurement categories at global level. This role involves supplier strategic sourcing, contract negotiation and formalization, managing supplier relationships, and ensuring cost-effective and quality purchases to meet business needs, adhering to procurement strategies, in compliance with company policies and industry regulations. Responsibilities: 1. Follow sourcing strategies to ensure cost-effective and timely procurement of goods and services. 2. Identify new suppliers for the assigned procurement categories and maintain strong relationships with suppliers to ensure quality, reliability, and high performance. 3. Manage RFP/RFQ and negotiate terms, prices, and conditions with suppliers to secure favorable contracts. 4. Contribute to procurement budget management, spend monitoring, and implement cost-saving initiatives without compromising quality for the categories under his / her responsibility. 5. Work closely with Business Units requesting services/goods and other departments to ensure any step of contract negotiation, formalization and procurement policy compliance. 6. Improve continuously the procurement process leveraging the functionalities and opportunities offered by the Ariba platform, always aiming at streamlining the process, to gain efficiency and effectiveness 7. Contribute to conduct market research to identify trends, new suppliers, and opportunities for innovation in the supply chain. This role requires a good understanding of how procurement integrates with other business functions, such as operations, finance, and logistics, to achieve overall business goals. It requires also knowledge of the industry, including market trends, supplier dynamics, and regulatory factors. Additionally, a strong awareness of the commercial environment and competitors’ products and services is essential for identifying opportunities to optimize sourcing strategies and maintain competitive advantage. Must be knowledgeable in various procurement areas to include supplier management, contract management and SOX and Compliance valuation analysis. Requires the ability to manage sensitive or confidential information. Knowledge may involve an understanding of company policies and procedures, internal and external network connections to acquire needed materials, and an understanding of the competitive environment and availability for strategic supplies. Familiarity with ERP systems and Ariba is essential. This role requires frequent interactions with internal teams such as operations, finance, legal and business units requesting services/goods to satisfy business needs. Externally, it involves negotiating with suppliers, managing relationships, and staying informed about market trends. Key skills include strong negotiation, communication, analytical thinking, and the ability to collaborate across departments and with external partners. Qualifications Bachelor's Degree, or equivalent, in related field Preferred Education: Master’s Degree, or equivalent, in Economics or Engineering 5 Years In Procurement with specific expertise in Ariba platform Preferred Experience: 7 years in Procurement including Governance roles, with specific expertise in Ariba platform Keys to Success • Leading Complexity • Leading People • Leading the Business • Leading Self #LI-JM1 #LI-HYBRID Success Profile • Leading Complexity • Leading People • Leading the Business • Leading Self At Brightstar, we consider a wide range of factors in determining compensation, including background, skills, experience, and work location. These factors can cause your compensation to vary. The estimated starting compensation range is $59,795 - $122,400. The actual pay offered may end up being higher or lower. The Company will comply with all local pay requirements and collective bargaining agreements, where applicable. Base pay is only one part of our Total Rewards program. Sales roles may be eligible for commission payments, while other roles are eligible for discretionary bonuses. In addition, we offer employees a 401(k) Savings Plan with Company contributions, health, dental, and vision insurance, life, accident, and disability insurance, tuition reimbursement, paid time off, wellness programs, and identity theft insurance. Note: programs are subject to eligibility requirements. All Brightstar employees have a role in information security. Annual training will be assigned and required as appropriate.

Responsibilities

The Purchasing Specialist III is responsible for the efficient procurement of services and goods at a global level, including supplier sourcing and contract negotiation. This role also involves managing supplier relationships and ensuring compliance with procurement strategies and company policies.