Specialist - Strategic Sourcing

The Strategic Sourcing Specialist is responsible for developing and executing sourcing strategies that optimize value across Freshworks supply chain. This role involves identifying evaluating and selecting suppliers negotiating contracts and driving continuous improvement in supplier performance. The Strategic Sourcing Specialist will collaborate with cross-functional teams to align sourcing activities with business objectives and ensure a reliable cost-effective supply of goods and services.

Responsibilities :

Sourcing Strategy Development and Execution :

Develop and implement comprehensive sourcing strategies for assigned categories (specifically Go-To-Market (GTM)) aligning with overall business goals and objectives.

Conduct market research and analysis to identify potential suppliers assess industry trends and understand cost drivers.

Evaluate supplier capabilities financial stability and performance history to inform sourcing decisions.

Supplier Relationship Management :

Build and maintain strong relationships with key suppliers serving as the primary point of contact for strategic sourcing matters.

Monitor supplier performance track key metrics and conduct regular business reviews to ensure adherence to contractual obligations and performance standards.

Collaborate with suppliers to identify opportunities for continuous improvement innovation and cost reduction.

Contract Negotiation and Management :

Lead the negotiation of contracts agreements and pricing terms with suppliers ensuring favorable terms and conditions that minimize risk and maximize value.

Develop and manage the contract lifecycle including contract drafting review execution and administration.

Ensure compliance with company policies legal requirements and ethical standards in all sourcing and procurement activities.

Cost Management and Value Creation :

Identify and pursue cost-saving opportunities through strategic sourcing initiatives competitive bidding and negotiation.

Analyze total cost of ownership (TCO) to evaluate sourcing options and make informed decisions.

Drive value creation by optimizing supplier performance improving efficiency and reducing waste across the supply chain.

Cross-Functional Collaboration :

Partner with internal stakeholders including Go-to-market (GTM) operations finance and engineering to understand their needs and align sourcing strategies with business requirements.

Collaborate with cross-functional teams to manage sourcing projects ensure timely delivery of goods and services and resolve any supply chain issues.

Communicate sourcing plans activities and results to key stakeholders providing regular updates and reports.

Risk Management :

Identify and mitigate potential risks in the supply chain including supplier financial instability single-source dependencies and geopolitical factors.

Develop and implement risk mitigation strategies to ensure continuity of supply and minimize disruptions.

Monitor supplier compliance with quality environmental and social responsibility standards.

Qualifications :

Bachelors degree in Supply Chain Management Business Administration or a related field.

5 years of experience in strategic sourcing procurement or supply chain management or a related field.

Proven track record of developing and executing successful sourcing strategies that have resulted in cost savings and value creation.

Strong negotiation contract management and supplier relationship management skills.

Excellent analytical problem-solving and decision-making abilities.

Proficiency in sourcing software ERP systems and data analysis tools.

Excellent communication interpersonal and presentation skills.

Ability to work independently and collaboratively in a fast-paced dynamic environment.

Strong ethical standards and commitment to integrity.

Preferred Qualifications :

Experience in NetSuite and Graphite

Experience in technology (or related field) and GTM.

Knowledge of lean principles and continuous improvement methodologies.

Additional Information :

At Freshworks we are creating a global workplace that enables everyone to find their true potential purpose and passion irrespective of their background gender race sexual orientation religion and ethnicity. We are committed to providing equal opportunity for all and believe that diversity in the workplace creates a more vibrant richer work environment that advances the goals of our employees communities and the business.

Remote Work : No

Employment Type : Full-time

Key Skills

Finance Control,Finance,ABAP,Body Care,Business Analytics,Avionics

Experience : years

Vacancy : 1