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Sourcing Support Analyst

Sourcing Support Analyst

ConfidentialBengaluru / Bangalore, India
19 days ago
Job description

Introduction

As a Sourcing Support Analyst, you will be directly engaging with the IBM & Client Sourcing Team reporting to the CPO of a Global Healthcare Life science client based out of North America. This role will be aligned cross category across Direct, Indirect, Enterprise, and R&D and involves transactional and administrative support across sourcing towers. You will be responsible for executing low-complexity tasks such as tactical buying, supplier engagement coordination, documentation, and reporting. This role requires 2–4 years of experience in procurement operations.

Your Role And Responsibilities

  • Review requisition requirements
  • Recognize non-catalog purchases that should be directed to a catalog solution
  • Work efficiently with requester / client for additional information or questions
  • Determine source from sourcing-provided master file
  • Negotiate cost savings and terms when applicable (non-contracted sources)
  • Understand relationships between contracts and decipher details
  • Procurement of low-dollar purchases and services
  • Complete customer requests for supplier setup
  • Maintain supplier documentation
  • Ensure audit readiness of all purchasing documents
  • Proficient with reporting / MS Excel to maintain account-specific reports and trackers
  • Work with stakeholders and management efficiently
  • Positive attitude, planning, curiosity, self-discipline
  • Request triage for exceptions
  • Contract management and administration
  • Scorecard creation for suppliers
  • Financial health reporting (basic level)
  • Other middle and back-office tasks
  • Sustainability and compliance reporting (BAU reports)
  • Back-office escalations and support

Policies, Procedures and Program Management

  • Communicate procurement policy to internal stakeholders
  • Provide reminders of procurement policies during regular communications
  • Recommend improvements to purchasing policies and procedures
  • Communicate issues or changes that may affect service delivery
  • Category Management and Sourcing Execution

  • Provide data collection requirements and suggest templates
  • Gather and provide historical data and forecasts
  • Access and utilize data repositories for spend analysis
  • Support category strategy development and documentation
  • Assist in strategic sourcing plan updates and execution
  • Facilitate development of technical and business requirement
  • Sourcing Execution

  • Identify potential and incumbent suppliers
  • Qualify suppliers per compliance and policy guidelines
  • Develop and propose supplier selection criteria
  • Create RFx documents using templates
  • Manage RFx bid process and obtain proposals
  • Participate in supplier evaluation and recommendation
  • Support contract preparation and award letter issuance
  • Refer non-standard terms to legal and support resolution
  • Contract and Compliance Administration

  • Enter negotiated contracts into contract management tools
  • Support implementation and communication of new contracts
  • Assist in change management for new suppliers
  • Category Buying Desk

  • Receive and triage supplier engagement requests
  • Process and complete tactical buys per sourcing instructions
  • Provide feedback on specifications and supplier lists
  • Execute sourcing events and recommend suppliers
  • Update savings tracking database
  • Cost Modelling and Supplier Performance

  • Create basic should-cost models
  • Prepare supplier scorecards and financial health data
  • Other Middle Office Activities

  • Collect and provide market intelligence and ESG data
  • Support reporting and dashboards (SAP, Power BI, Sievo)
  • Assist in updating master data and vendor records
  • Escalation and Request Management

  • Resolve P2P escalations and refer unresolved issues
  • Manage non-automated client requests via Intake Workflow System
  • Execute stakeholder requests not requiring S2P Lead support
  • Work the shift hours to support North America time zone (6 : 30 pm IST to 3 : 30 am IST / 7.30 pm to 4.30 am IST)
  • Preferred Education

    Bachelor's Degree

    Required Technical And Professional Expertise

  • Bachelor's degree in business, Supply Chain, or related field
  • 2-4 years of experience in procurement or sourcing operations
  • Strong communication and organizational skills
  • Proficiency in ERP systems and Microsoft Office Suite
  • Basic understanding of contracting and compliance
  • Ability to work independently and manage transactional workload
  • Preferred Technical And Professional Experience

  • Bachelor's degree in business, Supply Chain, or related field
  • 2-4 years of experience in procurement or sourcing operations
  • Strong communication and organizational skills
  • Proficiency in ERP systems and Microsoft Office Suite
  • Basic understanding of contracting and compliance
  • Ability to work independently and manage transactional workload
  • Skills Required

    Ms Excel, Sap, Power Bi, Microsoft Office Suite

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