Sourcing Lead
- GEP
- 5 - 10 years
- Mumbai
- 7 days ago
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Job Description
JOB SUMMARY
As a Sourcing Lead in the Knowledge Services team, you will be responsible for leading End-To-End projects covering various activities across Procurement & Sourcing. Also, be responsible for developing and executing sourcing strategies across categories/sub-categories. The individual will collaborate with cross-functional teams, including procurement, supply chain, and vendor management, to identify and engage with suppliers, negotiate contracts, and optimize sourcing processes. Should be a strategic thinker with exceptional negotiation and communication skills.
KEY RESPONSIBILITIES
- Manage project allocation, support team members during kick off meeting and share best practices.
- 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.
- Lead & 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.
- 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 Lead and engage in Supplier Relationship Management, Supplier Risk Assessment, Contract Renewals, Contract Migration & Facilitation, Vendor Onboarding, Service Desk queries & tasks and Compliance Audit as and when required.
- 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.
- Prepare negotiation scripts and negotiate with suppliers, makes recommendations, helps on-board, qualifies, and contracts with new vendor and ensures compliance.
- 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.
- Maintain professional interactions with outside suppliers as well as strong partnership with internal teams. Identify process inefficiencies and recommend enhancements to optimize the sourcing and procurement functions. Implement best practices and contribute to the development of standardized sourcing processes.
- Responsible for the development of the team, ensure adherence to the SLAs and managing the stakeholders with regular interaction
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Procurement & Supply ChainRole Category: SCM & LogisticsRole: SCM & Logistics - OtherEmployement Type: Full timeContact Details:
Company: GEPLocation(s): Mumbai
Keyskills: It Sourcing Strategic Sourcing Professional Services Spend Analysis Procurement Sourcing Strategy RFX Global Sourcing Indirect Sourcing Source To Pay Contract Negotiations
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