Commodity Purchasing Specialist III

$43,680 - $122,000/Yr

International Game Technology - West Greenwich, RI

Full-time - Mid Level

Remote - West Greenwich, RI

10,001+ employees

Amusement, Gambling, and Recreation Industries

About the position

IGT (NYSE:IGT) is a global leader in gaming, delivering entertaining and responsible gaming experiences across various channels and regulated segments, including Lotteries, Gaming Machines, Sports Betting, and Digital. The company leverages a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology to provide unrivaled gaming experiences that engage players and drive growth. With a well-established local presence and relationships with governments and regulators in over 100 countries, IGT creates value by adhering to the highest standards of service, integrity, and responsibility. IGT employs approximately 10,500 individuals worldwide. The Commodity Purchasing Specialist III will manage strategic procurement activities within IGT's Lottery business, focusing on delivering year-over-year improvements in essential procurement KPIs. This role will interface with senior levels of the company, leading cross-departmental strategic procurement initiatives and championing change to ensure that procurement continues to provide best-in-class strategic sourcing services. The specialist will be responsible for critical strategic sourcing of both products and services, owning the development of initial commodity strategies and maintaining these strategies on an ongoing basis. A proactive approach to inventory control and lead time reduction is essential, ensuring minimal service level disruptions and reinforcing IGT's competitiveness. The urgency of this role is paramount, as it acts as a bridge between legacy systems and new processes, ensuring a smooth transition that does not jeopardize operations. The specialist will build commodity sourcing strategies that align with IGT's overall strategy, oversee implementation activities, provide subject matter expertise, and leverage market intelligence to develop innovative commodity strategies that drive cost reduction and business value. Additionally, the role involves collaborative planning with tactical procurement, adherence to procurement metrics, and communication of performance to stakeholders.

Responsibilities

• Manage strategic procurement activities across IGT's Lottery business.
• Interface with senior levels of the company to lead cross-departmental strategic procurement initiatives.
• Champion change to ensure procurement delivers best-in-class strategic sourcing services.
• Develop initial commodity strategies and maintain them on an ongoing basis.
• Ensure minimal service level disruptions through proactive inventory control and lead time reduction.
• Act as a bridge between legacy systems and new processes to ensure smooth transitions.
• Build commodity sourcing strategies that align with IGT's overall strategy.
• Oversee commodity strategy implementation activities to deliver expected business value.
• Provide commodity-specific subject matter expertise and insights to internal clients.
• Leverage business requirements, market intelligence, and historical spend to develop innovative commodity strategies.
• Collaborate with tactical procurement for planning and partnership.
• Adhere to commodity and procurement metrics and savings targets, monitoring performance and communicating to stakeholders.
• Create a commodity-specific initiative plan to forecast and direct procurement projects and sourcing activities.
• Maintain expertise in various commodities through relationships with sourcing teams, business units, suppliers, and market experts.
• Identify business opportunities and provide commodity-related insights and recommendations.
• Drive communication and report progress and benefits to stakeholders.
• Work with internal risk and compliance groups to ensure strategies account for relevant laws and regulations.
• Act as a change agent and advocate for procurement as a value-added function.

Requirements

• Bachelor's degree in a relevant field or equivalent experience.
• 5+ years of experience in procurement or strategic sourcing, preferably in a related industry.
• Strong understanding of commodity management and procurement processes.
• Proven ability to develop and implement sourcing strategies that drive cost savings and efficiency.
• Excellent communication and interpersonal skills to interface with senior management and cross-functional teams.
• Ability to analyze market trends and apply insights to sourcing strategies.
• Strong project management skills with the ability to manage multiple projects simultaneously.
• Proficiency in procurement software and tools.

Nice-to-haves

• Experience in the gaming or lottery industry.
• Advanced degree (MBA or similar) is a plus.
• Familiarity with compliance and regulatory requirements in procurement.
• Knowledge of supply chain management principles.

Benefits

• Medical benefits available on day one of employment.
• 12 paid holidays plus two floating holidays per year.
• Three weeks of paid vacation per year, prorated in the first year.
• 401K with employer match and 100% vested on day one.
• Company-paid parental leave, life insurance, short-term disability, and long-term disability.
• Gym membership reimbursement, free identity theft protection, and tuition reimbursement.