Senior Sourcing Analyst
- GEP
- 3 - 6 years
- Coimbatore
- 14 days ago
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Job Description
Role & responsibilities
Lead and execute standardized procurement & sourcing end-toend
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
- Minimum 3-5 years of relevant sourcing & procurement experience
- Agile, flexible and inclination to learn
- Good project management, spend data/financial analysis, problem
solving and quantitative skills.
- Analytical Aptitude & Logical thinking, Business acumen with an
understanding of how markets work
- Change Management skills: Effective influencer who can make
persuasive arguments.
- Good soft skills & Negotiation skills with a proven record
of accomplishment of achieving cost savings and favorable contract
terms including facilitating & building e-Auction strategies
- Excellent communicationwritten and verbal. Effective influencer who
can make persuasive arguments and has worked with stakeholders and
suppliers from NA & EMEA region.
- Team player, high motivation, positive, can-do attitude, flexibility and
adaptable to changing situations
- Strong analytical skills and problem-solving skills, attention to detail and
the ability to collaborate & build effective relationships with crossfunctional
teams and external parties
- Sound & in-depth knowledge and experience of procurement and
sourcing methodologies and practices, including contracting and supplier
management.
- Prior experience in tactical & strategic sourcing, contract negotiations
and purchasing processes
- Ability to prioritize and manage workload & multiple tasks simultaneously
. Proficiency in data analysis tools and techniques, Microsoft Office Suite
(Excel, Access, Word, PowerPoint, Outlook) and experience in ERP/P2P
tools
. Ability to encourage and persuade stakeholders, build effective
relationships with suppliers.
- Familiarity with data management, industry regulations, compliance
standards, and market trends
- Ability to provide guidance and mentorship to junior analysts.
- Flexible with shift timings to meet client delivery requirements
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Procurement & Supply ChainRole Category: Procurement & Supply Chain - OtherRole: Procurement & Supply Chain - OtherEmployement Type: Full timeContact Details:
Company: GEPLocation(s): Coimbatore
Keyskills: Spend Analysis Strategic Sourcing RFX Vendor Negotiation Global Sourcing Source To Pay RFQ
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