Talent.com
This job offer is not available in your country.
Strategic Sourcing Specialist

Strategic Sourcing Specialist

stripeINDIA
30+ days ago
Job description

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companiesfrom the worlds largest enterprises to the most ambitious startupsuse Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyones reach while doing the most important work of your career.

About Finance Operations

The Finance Operations (FinOps) team provides and enhances core business services that are the backbone for Stripe. FinOps uses data and operational excellence to deliver technology solutions, procurement, billing and payroll services, strategic sourcing, and supplier relationship management to Stripe.

About Procurement

Global Procurement, which is part of Stripe's Finance Operations (FinOps), is responsible for the entire buying journey, from sourcing new suppliers or renewing engagements with existing ones to facilitating purchase order approvals, paying valid supplier invoices, and managing Stripe's travel and expense program. The team also reviews and advises on contract structures and terms, conducts risk assessments to ensure suppliers meet Stripe's standards, and onboards suppliers for secure payment processing.

What youll do

We're looking for a Sourcing Specialist to join our growing team. In this role you will play a crucial role in supporting the global strategic sourcing events and category management while collaborating with cross-functional teams. You will be responsible for conducting market research, gathering supplier information, developing sourcing strategies, and facilitating sourcing events to optimize the company's spend and drive value. This role requires strong analytical skills, attention to detail, and the ability to work collaboratively with cross-functional teams.

Responsibilities

The responsibilities for this role include but are not limited to the following :

RFx event support :

  • Draft RFx documents for specific projects in collaboration with global category managers
  • Prepare RFx communications, scoring templates, summaries, and other supporting documents
  • Prepare and retain RFx project documentation for historical record
  • Execute NDAs for RFx events
  • Lead regional RFx projects when needed

Benchmarks / Rates :

  • Conduct initial category-specific market research
  • Analyze rate submissions from Suppliers with industry benchmarks
  • Develop supplier profiles with data sourced from resources like Tropic, Pitchbook, other internal tools, and publicly available data
  • Lead regional rate card negotiations when needed
  • Contracting :

  • Contract analysis to inform category strategies and / or individual transaction strategies
  • Data cleanup on renewal dates, termination notice periods, and other relevant sourcing metadata in the Contract database
  • Setup and execute proactive tracking of SLA violations and ensure appropriate processes are initiated to claim any possible service credits / refunds
  • General Support :

  • Monitor procurement process and manage escalations for sourced deal transactions
  • Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness
  • Participate in establishing short-term and long-range planning and budget development of the company to support strategic business goals
  • Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function that Stripe recognizes and values
  • Who you are

    Were looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

    Minimum requirements :

  • A minimum of 7 years of experience in indirect sourcing, procurement, category management, or a related field
  • Strong understanding of procurement principles and supply chain management
  • Strong experience in negotiations and achieving significant cost savings and supplier value without compromising on quality or service
  • Experience in supplier contracting with an understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements
  • Excellent communication and interpersonal skills, with the ability to convey complex information in an understandable way
  • Strong analytical and problem-solving skills with a keen eye for detail
  • Strong organizational skills and the ability to manage multiple priorities in a dynamic, fast-paced environment
  • A team player with a proactive attitude and the ability to work independently when required
  • Demonstrated experience successfully partnering with cross-functional stakeholders
  • You will also likely have (not required) :

  • Familiarity with the fintech industry and its supply chain and procurement challenges
  • Educational background in Business, Economics, Supply Chain, or related fields
  • Procurement and supply chain certification like CPSM, CSCP, CPPM, CIPS, etc.
  • Understanding or experience with e-procurement tools and systems (e.g., Zip, Agiloft CLM, etc.)
  • Experience with ERP systems (e.g., Oracle) is preferred
  • The ability to be flexible and comfortable with changing requirements
  • A builder's mindset and a willingness to question assumptions and conventional wisdom
  • A passion for creating new systems and solving problems via infrastructure and automation
  • Locations : Bengaluru

    Create a job alert for this search

    Sourcing Specialist • INDIA

    Related jobs
    • Promoted
    Head - Strategic Sourcing

    Head - Strategic Sourcing

    Amor Management Consultants - Indias Premiere Auto Talent Hiring SpecialistsIN
    Competitive / Paid in Indian Rupee.What You Should Know About This Job.The position will ensure efficient operations by overseeing. Procurement, Sourcing, Vendor management, and Logistics.Supplier r...Show moreLast updated: 30+ days ago
    Global Strategic E-Sourcing Specialist

    Global Strategic E-Sourcing Specialist

    Syngenta GroupPune, Maharashtra, India
    Syngenta is seeking an experienced and innovative Global Strategic E-Sourcing Specialist to join our Global.E-sourcing & Contract Team. The ideal candidate will be a procurement expert with a st...Show moreLast updated: 17 days ago
    Strategic Sourcing Specialist

    Strategic Sourcing Specialist

    BEUMER GroupGurugram, Haryana, India
    India and on the Asia pacific level to support the global customers and supply chain.Cluster Asia and global procurement team for alignment of the processes prices and regional developments.Settlin...Show moreLast updated: 30+ days ago
    • Promoted
    Strategic Sourcing Specialist

    Strategic Sourcing Specialist

    NIITIN
    Competitive / Paid in Indian Rupee.What You Should Know About This Job.At NIIT, we're transforming the way the world learns, for the better. That's why the world's best-run learning functions across...Show moreLast updated: 5 days ago
    Strategic Sourcing Specialist, Global Corporate Procurement

    Strategic Sourcing Specialist, Global Corporate Procurement

    AmazonBangalore, Karnataka, India
    Are you a Strategic Sourcing superstar looking to make a big impact.As Amazon rapidly becomes the worlds largest consumer of corporate services our Global Corporate Procurement team is seeking a St...Show moreLast updated: 30+ days ago
    Amgen - Strategic Sourcing Manager

    Amgen - Strategic Sourcing Manager

    AmgenHyderabad, India
    Description : ABOUT AMGENL If you feel like you are part of something bigger, it's because you ar...Show moreLast updated: 4 days ago
    Trellix - Strategic Sourcing Specialist - Procurement

    Trellix - Strategic Sourcing Specialist - Procurement

    MUSARUBRA SOFTWARE INDIA PRIVATE LIMITEDBangalore, India
    Job Title : Strategic Sourcing Specialist (Procurement) About Trellix : Trellix, the trusted CISO ally, i...Show moreLast updated: 11 days ago
    • Promoted
    Senior Strategic Sourcing

    Senior Strategic Sourcing

    Applied MaterialsBengaluru, Karnataka, India
    Applied Materials is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Responsible for initiating and managing RFQ, lead time,...Show moreLast updated: 12 days ago
    • Promoted
    • New!
    Deputy Manager - Strategic Sourcing

    Deputy Manager - Strategic Sourcing

    Bajaj Consumer CareMumbai, Maharashtra, India
    Conduct market research to understand the commodities linked to critical raw materials (RMs) to develop purchasing strategies that align with the company's goals. Develop and execute medium- to long...Show moreLast updated: 22 hours ago
    Specialist - Strategic Sourcing Services

    Specialist - Strategic Sourcing Services

    McDonalds in IndiaHyderabad, India
    Collaborate across multiple pillars within IS&P to support day-to-day business needs.Actively engage in the design, implementation, and oversight of activities while ensuring you align with busines...Show moreLast updated: 30+ days ago
    Specialist, Strategic Sourcing

    Specialist, Strategic Sourcing

    CommScope Inc.Verna, Goa, In
    In our 'always on' world, we believe it's essential to have a genuine connection with the work you do.This highly motivated individual will be responsible for leading and driving NPI (New Product I...Show moreLast updated: 20 days ago
    Strategic Sourcing Specialist

    Strategic Sourcing Specialist

    danfoss india innovation centerINDIA
    Danfoss Power Electronics and Drives Seg.This role requires a blend of engineering knowledge, negotiation skills, and market analysis to ensure the timely delivery of high-quality materials while r...Show moreLast updated: 30+ days ago
    Specialist, Strategic Sourcing

    Specialist, Strategic Sourcing

    CommScopeVerna, Goa, India
    In our 'always on' world, we believe it's essential to have a genuine connection with the work you do.This highly motivated individual will be responsible for leading and driving NPI (New Product I...Show moreLast updated: 30+ days ago
    Strategic Sourcing Engineer

    Strategic Sourcing Engineer

    ScaleneWorksBengaluru, Karnataka, India
    Quick Apply
    Assist in the design and project / process management of new and current products,.Conduct capacity assessments of suppliers to prevent bottlenecks and ensure optimal. Execute commodity and supplier G...Show moreLast updated: 30+ days ago
    • Promoted
    Global Strategic Sourcing Engineer

    Global Strategic Sourcing Engineer

    TE ConnectivityIN
    Competitive / Paid in Indian Rupee.What You Should Know About This Job.Electronics (experience in IC, PCB, connector, or cable assembly industry is highly preferred). Develop commodity strategies al...Show moreLast updated: 30+ days ago
    Strategic Sourcing Specialist (Procurement)

    Strategic Sourcing Specialist (Procurement)

    TrellixBangalore, India
    Staff UI Developer ( ReactJs + AWS )Software EngineerStaff Software EngineerAssociate SDETSDETDevOps / Senior Software EngineerStrategic Sourcing Specialist (Procurement)Enterprise Account Manager - ...Show moreLast updated: 12 days ago
    Strategic Sourcing Specialist (COE Sourcing – Senior Buyer)

    Strategic Sourcing Specialist (COE Sourcing – Senior Buyer)

    Wolters KluwerKalyani Nagar, Pune, IND
    Title : Strategic Sourcing Specialist (COE Sourcing – Senior Buyer).Location : Pune – Hybrid (At least 3 days a week – Tue, Wed, Thu -Work from office). We are looking for Strategic Sourcing Specialis...Show moreLast updated: 16 days ago
    Strategic Sourcing - Specialist

    Strategic Sourcing - Specialist

    Siemens EnergyMaharashtra, Pune
    Strategic Sourcing - Specialist.India Maharashtra Pune Company Siemens Energy Industrial Turbomachinery India Private Limited Organization Transformation of Industry Business Unit Compression Full ...Show moreLast updated: 7 days ago