Senior Buyer at Luminate

Port Ludlow, Washington, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Energy, UtilitiesIndustries

Requirements

3 years of relevant procurement/contracting experience (Power plant experience preferred and can be included as relevant experience)
Understanding and awareness of sourcing, contract management, and the importance of managing suppliers to drive compliance and performance
Basic awareness of financial concepts and terminology, category management principles and the associated benefits of category strategies
Solid understanding of the sourcing process; ability to lead a lower complexity sourcing event from identifying potential suppliers, through bid, negotiation and award, recognizing diverse supplier opportunities where possible
Ability to effectively understand and conduct basic negotiations and recognize when escalation is necessary for resolution
Practitioner with demonstrated ability to process and manage purchase orders, support eCommerce transactions, and effectively manage issues and stakeholders to guarantee policy, process and contract compliance
Understanding of legal risks and practical effects of contract terms and conditions; ability to negotiate red lines of common commercial terms, and recognize when incremental contract language is necessary to manage risk
Demonstrated awareness of (incomplete in description, but implied procurement-related competencies)

Responsibilities

Leading and supporting sourcing activities across all spend categories
Coordinate with internal stakeholders and category teams to gather business and technical requirements (statement of work) to facilitate the sourcing process
Conduct market analysis to select suppliers based upon business value and need
Support and promote Vistra’s Supplier Diversity program through outreach and supplier development activities
Collaborate with key stakeholders as primary site contact for category teams
Conduct supplier negotiations, including negotiation of commercial and legal terms
Draft and author Contracts and Master Service Agreements (MSA’s) to support the purchase of goods and services
Manage contract documents on an on-going basis including expirations, renewals, statement of work (SOW) revisions, change orders, and amendments
Process purchase requests and issue purchase orders within Vistra’s procure-to-pay platform(s)
Track timeliness of at-power and outage related purchase requests and ensure updated status reporting to site and company reporting
Drive for cost savings in the process and optimization of spend for Purchase Orders
Drive for invoice timely payment and work with work groups to ensure funding of future Purchase Orders
Communicate effectively with suppliers using expediting skills as needed to ensure timely delivery of goods and services
Ensure contractors performing high risk services are pre-qualified and compliant with safety and insurance requirements
Work with other work groups (Engineering, Warehouse, Maintenance etc.) within procurement process to provide efficient, accurate and timely procurements
Resolve or escalate any vendor disputes or issues as necessary

Skills

Key technologies and capabilities for this role

ProcurementSourcingRFPSupplier EvaluationNegotiationsContract ManagementPurchase OrdersMarket AnalysisProcure-to-PaySupplier Diversity

Questions & Answers

Common questions about this position

What experience is required for the Senior Buyer position?

The role requires 3 years of relevant procurement/contracting experience, with power plant experience preferred and countable as relevant experience.

What are the key responsibilities of the Senior Buyer?

The position involves leading sourcing activities, coordinating with stakeholders, conducting market analysis, negotiating contracts, managing contract lifecycles, processing purchase orders, and resolving vendor issues.

Is the Senior Buyer position remote or on-site?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What skills make a strong candidate for this Senior Buyer role?

Strong candidates will have procurement experience, knowledge of sourcing and contract management, negotiation skills, ability to conduct market analysis, and experience interfacing with stakeholders and suppliers.

Luminate

Provides data and insights for entertainment

About Luminate

Luminate specializes in providing data and insights specifically for the entertainment industry, focusing on music, film, and television. The company collects and verifies data through exclusive partnerships, ensuring high integrity and accuracy. Clients, including music labels, film studios, and television networks, use Luminate's data to inform their strategic decisions, marketing efforts, and content creation. Luminate's business model includes data licensing, syndication, and consulting services, allowing clients to access comprehensive datasets for market analysis and planning. The company stands out from competitors by offering reliable and transparent data, built on years of consistent delivery. Luminate's goal is to empower clients with essential insights that shape their strategies and decisions in the entertainment market.

Los Angeles, CaliforniaHeadquarters

2020Year Founded

BUYOUT_LBOCompany Stage

Data & Analytics, Consulting, EntertainmentIndustries

51-200Employees

Senior Buyer at Luminate

Requirements

Responsibilities

Skills

Questions & Answers

Luminate

About Luminate

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Work Hours

Hybrid Work Options

Paid Vacation

Parental Leave

Mental Health Support

Wellness Program

Risks

Spotify's royalty model changes may impact Luminate's data offerings.

Integration challenges from Quansic acquisition could affect service delivery.

Increased competition in entertainment data market pressures Luminate to innovate.

Differentiation

Luminate is a trusted global data provider in the entertainment industry.

The company specializes in music, film, and television data insights.

Luminate leverages exclusive partnerships for high-integrity data collection and verification.

Upsides

Luminate's web-based platform enhances real-time data analytics capabilities.

The rise of K-pop offers market expansion opportunities for Luminate.

Acquisition of Quansic enhances Luminate's music data offerings.

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