Senior Sourcing Analyst

Role & responsibilities

• Lead and execute standardized procurement & sourcing end-to end processes for assigned categories / sub-categories. Able to understand Category Taxonomy and experience in managing deliverables in Direct and Indirect categories.
• Facilitate & able to research trends in the industry as well as Best practices, process data effectively for benchmark analysis, supplier profiling and financial risk assessment activities and create analysis to support recommendations for periodic changes
• Work independently and manage day-to-day activities around the project including discrepancies / deliveries, etc.
• Conduct periodic supplier evaluations and implement corrective actions when necessary. Prepare supplier risk assessment reports and should be able to do industry benchmarking and market intelligence reports independently
• Develop and manage the RFx process across categories, including the preparation and distribution of RFIs (Request for Information), RFPs (Request for Proposals), and RFQs (Request for Quotations).
• Lead the supplier evaluation process, including conducting supplier assessments, evaluating scorecard / proposals, and analyzing supplier capabilities and make recommendations based on defined criteria, negotiate contracts with new vendor and manage supplier relationships.
• Supporting the Leads and Category Manager to execute the projects, drive continuous improvement
• Well verse with spend analysis, Spot Buy, Buy desk, Tail Spend Management, PR-PO processing & approvals
• Actively support and engage in Supplier Relationship Management, Supplier Risk Assessment, Contract Renewals, Contract Migration & Facilitation, Vendor Onboarding, Service Desk queries & tasks and Compliance Audit. Works closely with the contracts team during contract red lining and drafting the contract
• Translate business requirements into clear and comprehensive statements of work (SOW). Collaborate with internal and external stakeholders to gather necessary information and ensure alignment between business needs and sourcing strategies
• Utilize analytical tools and techniques to assess supplier performance, identify cost-saving opportunities, and track key performance indicators (KPIs). Generate reports and present findings to management and stakeholders
• Negotiate favorable contract terms and conditions with suppliers, considering factors such as pricing, quality, delivery, and service level agreements. Identify opportunities for cost savings and implement appropriate negotiation strategies.
• Manage internal customer relationships by leading cross functional sub-category teams, developing deep category knowledge and to aggressively track and improve noncompliance with preferred supplier(s)
• Lead auctions to drive competitive bidding and achieve optimal pricing and terms. Monitor auction progress, communicate with participating suppliers, and ensure adherence to established guidelines

Preferred candidate profile

Skills Required

Market Research, Risk Assessment, Contract Management, Cost Reduction, Data Analysis, supplier negotiation