Sourcing Methodology (SMO) Analyst

Cook Systems•Memphis, TN

19h•Hybrid

About The Position

Cook Systems is seeking an SMO (Sourcing Methodology) Analyst in Memphis, TN. This role acts as an IT sourcing subject matter expert, utilizing the Sourcing Methodology for IT spend planning, due diligence, contract negotiations, and governance. The analyst will conduct spend analysis, identify opportunities, collaborate with internal stakeholders on complex sourcing events, and lead key initiatives. Responsibilities include ensuring adherence to corporate contracting standards, developing sourcing strategies, soliciting and analyzing RFPs, negotiating contracts with Legal, and establishing supplier relationship management processes. The role also involves monitoring market dynamics, contributing to new supplier selection, and serving as the primary point of contact for assigned business units' sourcing needs. Additionally, the analyst will monitor supplier financial and market performance, identify viability risks, communicate these risks, and develop mitigation plans. They will also optimize supplier spend by combining, terminating, or extending contracts, and regularly review contracts with stakeholders to ensure optimization and adherence to terms. The position requires continuous focus on supplier quality, service, satisfaction, and cost, as well as gathering business requirements from subject matter experts. Maintaining confidentiality of ITS data and contract terms is crucial.

Requirements

Must have excellent written communication skills to effectively and accurately convey detailed and complex information regarding contract specifications, policies and procedures to consultants/contractors and internal clients
3+ years of experience in IT sourcing, procurement, vendor management, or strategic sourcing.
Proven experience supporting complex sourcing events, RFP processes, and contract negotiations.
Experience working with IT vendors, technology contracts.
Prior experience supporting enterprise‑level sourcing or procurement transformation initiatives preferred.

Responsibilities

Acts as an IT sourcing subject matter expert using the Sourcing Methodology for the planning, due diligence, contract negotiations, and governance process for IT spend.
Conducts spend analysis, identifies opportunities, coordinates and collaborates with internal stakeholders on complex sourcing events and leads key initiatives.
Ensures adherence to corporate contracting standards and policies.
Develops robust sourcing strategies to maximize value and minimize risk.
Solicits / analyzes request for proposals; negotiates contracts and collaborates with Legal Department on contract terms and contract execution.
Establish a supplier relationship management process focused on continuous improvement.
Monitors market dynamics and communicate changes to internal stakeholders.
Contributes to new supplier selection process and developing and maintaining supplier relationships.
Serves as the primary point of contact to assigned business units for sourcing needs.
Monitor the financial and market performance of the suppliers to identify potential supplier viability risks, communicate the risks to stakeholders and develop a risk mitigation action plan in conjunction with IT Strategy.
Look for opportunity to optimize supplier spend and value by combining, terminating or extending contracts according to organizational objectives.
Regularly review contracts with organizational stakeholders to ensure pricing models, usage, and service levels are current and optimized and that the supplier adheres to all terms and conditions.
Responsible for continuous quality, service, satisfaction and cost from suppliers to support efficient business operations.
Responsible for working with subject matter experts to gather and assess business requirements.
Maintains a high degree of confidentiality specific to ITS data (including budget) and contract terms/ conditions and ITS related organization planning.