Sourcing Lead

EXL•Jersey City, NJ

About The Position

The Sourcing Lead manages the end-to-end sourcing cycle, from understanding business needs and researching vendors to completing negotiations and getting contracts signed. The role develops and executes sourcing strategies for technology and services categories, leads supplier selection and qualification, and coordinates sourcing events and contracting with business stakeholders, procurement, legal, and suppliers. The position also maintains project plans and trackers for sourcing requests and events, documents and analyzes supplier responses, and reports progress to stakeholders. Business hours are US 9 a.m.–5 p.m. EST. The posting notes that final offers depend on factors including skills and experience, internal pay equity, work location, market conditions, and the position’s scope and responsibilities; it does not provide a salary range amount.

Requirements

Bachelor’s degree.
At least 5 years of sourcing or procurement experience.
Proven 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.
Good project management, business analysis, and process analysis skills.
Working knowledge of SAP Ariba, primarily in Sourcing and Contract workspace.
Strong organizational skills, attention to detail, and ability to manage multiple priorities.

Nice To Haves

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

Responsibilities

Develop and execute sourcing strategies for technology and services categories.
Manage the end-to-end sourcing cycle, including understanding business needs, researching vendors, identifying potential participants, and progressing to signed contracts.
Develop and publish RFPs in Ariba.
Conduct market research and analysis to identify potential suppliers, evaluate capabilities, and gather market intelligence for decision-making.
Lead supplier selection and qualification, including issuing RFIs and RFPs, evaluating suppliers, and conducting 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 risks.
Manage project plans for assigned sourcing requests from requirements gathering through contracting.
Liaise with legal, business stakeholders, and suppliers 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 RFx events, NDA management, and contracting to ensure timely completion of tasks and activities.
Maintain project plans and trackers for requests and sourcing events, and provide timely reporting to stakeholders.