Job Information
Indorama Ventures Procurement Analyst (Co-Op) in The Woodlands, Texas
Job Description :
Indorama Ventures - Indovinya is currently looking for a dynamic individual to work as a Procurement Analyst (Co-Op) supporting our corporate office in The Woodlands, TX (Mostly remote, occasional in office). In this role, you will join our task force for executing rapid repricing initiatives for a petrochemical company’s tail-end suppliers. The main objective of this exercise is to facilitate lower costs with suppliers either in terms of lower rates, rebates, or both. The ideal candidate will conduct financial analysis of supplier’s health, issue letters, monitor and report progress, track responses, and execute responses using predefined scripts/scenarios. Additionally, the candidate will be responsible for submitting SAP vendor change reports and regularly tracking savings.
What will be expected from you?
Research & Financial Assessment
Conduct a financial health analysis on shortlisted suppliers and recommend rapid repricing targets
Review and finalize recommendation with specialists and consultants on the project
Propose negotiation levers for each of the target buckets
Issue Letters, Track and Execute Responses:
Utilize digital tools to issue mass rapid repricing letters to shortlisted suppliers
Monitor supplier responses and execute first-level responses using predefined scripts/scenarios
Ensure timely and accurate responses to supplier queries and issues
Monitor & Report Progress:
Track and document the progress of the rapid repricing initiative
Prepare regular progress reports for stakeholders
Submit SAP Change Reports:
Prepare and submit vendor change reports in SAP as required by the repricing initiative
Ensure all changes are accurately documented and communicated
Regularly Track Savings:
Monitor and report on the savings achieved through the repricing initiative
Maintain accurate records of savings and related data
What are we looking for in the ideal candidate?
Must be a full-time college student at the Junior or Senior level by the beginning of Fall 2024, currently enrolled at an accredited university seeking a Bachelor degree in Business Administration, Supply Chain Management or related field
3.0 GPA or higher required
Proven experience in an administrative or PMO role, preferably in procurement or supply chain a plus
Proficiency in SAP and Microsoft Office Suite
Excellent organizational and communication skills
Ability to work independently and as part of a team
Strong attention to detail and problem-solving skills
Additional Locations:
Indorama Ventures is a world-class chemicals company with a global integrated leader in PET and fibers serving major customers in diversified end-use markets. Following our core strategies, we develop innovative products for customer needs and to make great products for society.
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