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Sr. Buyer/Procurement Specialist

Overview

Princeton University’s Office of Finance and Treasury seeks an accomplished procurement specialist for a position in the central Procurement Services function. This role requires an influential and capable individual who can exercise good judgment, collaborate effectively, and drive process improvements across the Source-to-Pay (S2P) lifecycle while balancing the demanding and challenging requirements of a dynamic, world class education and research institution.

 

The procurement specialist employs a consultative approach, collaborating with campus partners to educate, guide, and influence best practices. The individual in this role is expected to exercise high levels of judgment, wisdom, and initiative to enhance value, minimize risk, and expand the use of diverse suppliers. In support of campus partners and procurement category managers, this role leads sourcing events for goods and services, negotiates and executes contracts, and enhances the user procurement experience.

 

Finally, this role is the escalation point for campus department buyers, managers, suppliers, and internal Finance and Treasury stakeholders. The ability to resolve a wide range of issues across the S2P lifecycle in a collaborative and courteous manner requires high levels of both technical and interpersonal skills.

Responsibilities

Requisition Processing and Compliance

  • Collaborate with campus partners in assigned categories to ensure contracts, purchase requisitions, purchase orders, and payments are transacted efficiently and effectively
  • Review, evaluate, and approve purchase requisitions within an e-Procurement system and initiate and implement process improvements which improve the effectiveness and efficiency of the e- procurement process
  • Use judgment and take necessary action to ensure selected suppliers are appropriate, terms of the agreement protect the University, value is optimized, and diverse suppliers are provided fair and equitable opportunities to win University business
  • Utilize interpersonal skills and well-reasoned judgment to balance and resolve conflicting demands and create optimal solutions that meet the needs of our researchers while delivering value and protection to the University

Tactical Sourcing & Contracting

  • Develop and execute Requests for Information (RFI) and Requests for Proposal (RFP) as necessary in support of campus and category management objectives
  • Negotiate and develop contracts navigating the complexities of a world class research institution to find the right balance between value, risk, and social objectives
  • Manage assigned contracts in collaboration with Category Manager to ensure the portfolio of contract suppliers meets the current and future needs of the University
  • Create and manage the contract and catalog data to ensure a simplified purchasing process
  • Using robust analytics, identify sourcing opportunities and process improvements which will benefit the campus community

Buying Support

  • Resolve supplier, procurement, and fulfillment issues as necessary in support of campus departments
  • Utilize prioritization, collaboration, and judgment to provide high levels of service
  • Use available data to develop and communicate insights into common and recurring issues in order to leverage resources appropriately
  • Lead training sessions to provide guidance to campus stakeholders regarding transactions, concepts, and procedures for sourcing and procurement

Qualifications

Essential Qualifications:

  • Bachelor’s degree in a relevant field or 5-7 years’ experience in a sourcing and procurement profession
  • Strong negotiation skills and contracts experience and ability to navigate and communicate the complexities of legal terms
  • Excellent procurement skills and experiences
  • Experience with electronic sourcing and procurement tools
  • Excellent collaboration and communication skills with the ability to influence others
  • Ability to manage a portfolio of responsibilities and the analytical skills necessary to prioritize and optimize multiple priorities and objectives
  • Excellent skills with Microsoft Office Tools (Excel, Word, PowerPoint)

Preferred Qualifications:

  • Experience with building and grounds maintenance and operations
  • Experience with technology and scientific equipment and services
  • Experience with Federal Acquisition Regulations (FAR) and/or Uniform Guidance
  • Process and project management experience
  • CPM or CPSM certification

 

Princeton University is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law.  KNOW YOUR RIGHTS

Standard Weekly Hours

36.25

Eligible for Overtime

No

Benefits Eligible

Yes

Probationary Period

180 days

Essential Services Personnel (see policy for detail)

No

Physical Capacity Exam Required

No

Valid Driver’s License Required

No

Experience Level

Mid-Senior Level

#LI-SB1

Average salary estimate

$100000 / YEARLY (est.)
min
max
$80000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Sr. Buyer/Procurement Specialist, Princeton University

Are you ready to take your procurement career to the next level? Princeton University is on the lookout for an exceptional Sr. Buyer/Procurement Specialist to join our dynamic Office of Finance and Treasury. This role is not just about processing orders; it’s about enhancing the procurement experience across a world-class educational institution. Here at Princeton, we thrive on collaboration, and as our Sr. Buyer, you'll engage with campus partners to cultivate best practices that elevate our sourcing events. Your expertise in negotiating contracts will bring significant value while ensuring that the diverse suppliers receive just opportunities. Imagine leading sourcing initiatives, using your judgment to foster relationships, and implementing impactful improvements across the Source-to-Pay lifecycle! You'll also tackle a variety of exciting challenges, from approving requisitions to resolving fulfillment issues. If you’re a strategic thinker with strong analytical skills and excellent communication abilities, we want to hear from you! Join our mission to support the vibrant academic community while optimizing procurement processes that protect our university's interests. Come and make a difference with us at Princeton University!

Frequently Asked Questions (FAQs) for Sr. Buyer/Procurement Specialist Role at Princeton University
What are the primary responsibilities of the Sr. Buyer/Procurement Specialist at Princeton University?

The Sr. Buyer/Procurement Specialist at Princeton University plays a crucial role in the procurement process, including collaborating with campus partners, managing purchase requisitions and orders, leading sourcing events, and ensuring compliance with procurement policies. This position focuses on enhancing the procurement experience while driving efficiencies across the Source-to-Pay lifecycle.

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What qualifications are required to become a Sr. Buyer/Procurement Specialist at Princeton University?

Candidates for the Sr. Buyer/Procurement Specialist role at Princeton University typically need a Bachelor’s degree in a relevant field or 5-7 years of experience in sourcing and procurement. Strong negotiation skills, experience with electronic procurement tools, and excellent communication and collaboration skills are essential for success in this position.

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How does the Sr. Buyer/Procurement Specialist ensure compliance in procurement processes at Princeton University?

The Sr. Buyer/Procurement Specialist ensures compliance by reviewing and approving purchase requisitions, conducting thorough evaluations of contracts, and implementing process improvements within the e-Procurement system. Continuous collaboration with campus partners and adherence to procurement policies also play key roles in maintaining compliance.

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What opportunities for professional development are available for the Sr. Buyer/Procurement Specialist at Princeton University?

Princeton University supports professional development for the Sr. Buyer/Procurement Specialist through training sessions, workshops, and opportunities to engage in projects that enhance contract management and procurement skills. Furthermore, the role provides exposure to various sourcing strategies, which contribute to continuous skill enhancement.

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What is the workplace culture like for the Sr. Buyer/Procurement Specialist at Princeton University?

The workplace culture for the Sr. Buyer/Procurement Specialist at Princeton University is collaborative and supportive. Team members are encouraged to share ideas and insights, creating an environment that values creativity and innovation. The procurement team actively engages in knowledge-sharing sessions, further enhancing professional relationships and productivity.

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Common Interview Questions for Sr. Buyer/Procurement Specialist
Can you describe your experience with procurement and sourcing?

Highlight specific examples from your previous roles, focusing on your direct experience in sourcing events, negotiating contracts, and managing procurement processes. Discuss the tools you've used and how your efforts contributed to overall outcomes.

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How do you handle conflicts with suppliers or stakeholders in procurement?

Discuss your approach to conflict resolution, emphasizing your communication skills and ability to collaborate with multiple parties to reach a mutually beneficial solution. Provide an example of a specific conflict and how you successfully navigated it.

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What methods do you use to evaluate suppliers?

Explain your evaluation process, which may include assessing pricing, quality, reliability, and compliance with diversity and sustainability goals. Provide a scenario that illustrates how your evaluation influenced a sourcing decision.

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How do you stay updated on procurement trends and best practices?

Share your strategies for staying informed, such as attending webinars, reading industry publications, or networking with procurement professionals. Highlight how these practices have informed your work and contributed to your professional growth.

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Can you provide an example of a successful negotiation you have conducted?

Describe the negotiation context, your strategy, and the outcome. Focus on your ability to ensure value while balancing supplier relationships, and explain the skills that were key to your success.

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How do you prioritize multiple procurement projects?

Discuss your organizational skills and methodologies for prioritization, such as assessing urgency, stakeholder impact, and resource availability. Include specific tools or systems you employ to manage your workload effectively.

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What are some common challenges in the procurement process, and how do you address them?

Identify common challenges like supplier availability, compliance issues, or budget constraints. Discuss innovative solutions you've implemented in the past or could propose to manage similar challenges faced at Princeton University.

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How do you measure the success of a procurement initiative?

Outline the key performance indicators you consider, such as cost savings, supplier performance, and process efficiency. Emphasize the importance of ongoing evaluation and adjustments based on your findings.

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In your opinion, what is the role of diversity in procurement?

Explain why supplier diversity is essential to procurement beyond compliance, focusing on the value it brings to the organization and the community. Share how you've promoted diverse suppliers in your previous roles.

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Can you describe your experience with e-procurement tools?

Discuss specific e-procurement tools you are familiar with and how you have leveraged them to streamline processes. Highlight any improvements you made through their utilization, emphasizing your technical adaptability.

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As a world-renowned research university, Princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. At the same time, Princeton is distinctive among research universities in its c...

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DATE POSTED
April 2, 2025

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