Sourcing Lead

EXL•Jersey City, NJ

About The Position

We are seeking an experienced Sourcing Lead to manage the end-to-end sourcing cycle, understand business needs, research vendors, and support the process through contract execution. The role develops sourcing strategies for technology and services categories, conducts market research and supplier evaluations, leads negotiations, and collaborates with business, procurement, legal, and supplier stakeholders. The position manages sourcing request plans and trackers, coordinates sourcing activities, and ensures timely completion of RFx events, NDA management, and contracting. Business hours are US 9 a.m.–5 p.m. Eastern Time.

Requirements

Bachelor’s degree.
At least 5 years of sourcing or procurement experience.
Experience as a Sourcing Specialist, Procurement Specialist, or in a similar role.
Strong knowledge of strategic sourcing methodologies, procurement best practices, and supplier management.
Excellent verbal and written communication skills.
Project management, business analysis, or process analysis skills.
Working knowledge of SAP Ariba, primarily its Sourcing and Contract workspace.
Strong organizational skills, attention to detail, and ability to manage multiple priorities.

Nice To Haves

Certified Professional in Supply Management (CPSM) certification.
Project Management Professional (PMP) certification.

Responsibilities

Develop and execute sourcing strategies for technology and services categories.
Manage the end-to-end sourcing cycle, from understanding business needs and researching vendors through contract execution.
Develop and publish RFPs in SAP Ariba.
Conduct market research and analysis to identify potential suppliers, evaluate capabilities, and gather market intelligence.
Lead supplier selection and qualification, including issuing RFIs and RFPs and conducting supplier evaluations and negotiations.
Collaborate with internal stakeholders to understand requirements and ensure sourcing strategies meet their needs.
Negotiate supplier contracts, terms, and pricing, including MSAs and SOWs, to optimize value and mitigate risk.
Manage project plans for assigned sourcing requests from requirement gathering through contracting.
Liaise with legal, business, and supplier stakeholders to finalize contracts.
Document and analyze supplier responses to ensure they contain valid and detailed information.
Coordinate meetings, presentations, and other sessions with business, procurement, and supplier stakeholders.
Coordinate with business stakeholders, the procurement team, and suppliers to complete RFx events, NDA management, and contracting on time.
Maintain project plans and trackers for requests and sourcing events, and provide timely reporting to stakeholders.