Sourcing & Procurement Associate

EXL Service

114d

About The Position

The Sourcing & Procurement Associate will manage the end-to-end sourcing cycle, understanding business needs and performing vendor research to identify potential participants for contract signing. This role involves developing and publishing RFPs in Ariba, conducting market research and analysis to identify potential suppliers, and evaluating their capabilities to support decision-making. The associate will lead supplier selection and qualification processes, including issuing RFIs and RFPs, and conducting supplier evaluations and negotiations. Collaboration with internal stakeholders is essential to ensure the sourcing strategy meets their requirements. The associate will negotiate contracts, terms, and pricing with suppliers to secure favorable agreements while mitigating risks. Administrative support to sourcing teams will also be provided, including preparing project plans, setting up meetings, and documenting business requirements. The associate will manage project plans for all assigned sourcing requests from requirement gathering to contracting, liaise with legal and suppliers to finalize contracts, and collaborate with cross-functional teams to manage supplier relationships and address any issues or disputes. Additionally, the associate will document and analyze supplier responses, coordinate with various stakeholders for meetings and presentations, maintain project plans and trackers for all requests, and track and report key operational metrics for in-scope activities.

Requirements

• Bachelor’s Degree
• 3+ years’ experience
• Proven experience as a Sourcing Specialist, Procurement Specialist, or similar role
• Strong knowledge of strategic sourcing methodologies, procurement best practices, and supplier management
• Must possess excellent verbal and written communication skills
• Good project management/ business analysis/ process analysis skills
• Working knowledge of SAP Ariba, primarily in Sourcing and Contract workspace
• Strong organizational skills with attention to detail and ability to manage multiple priorities

Nice To Haves

• Professional certifications such as Certified Professional in Supply Management (CPSM) or Project Management Professional (PMP)® Certification will be a plus

Responsibilities

• Managed end-to-end sourcing cycle, understand business needs, perform vendor research to identify potential participants to getting the contract signed
• Develop and published RFP in Ariba
• Conduct market research and analysis to identify potential suppliers, evaluate their capabilities, and gather market intelligence to support decision-making
• Lead supplier selection and qualification processes, including issuing RFIs, RFPs, and conducting supplier evaluations and negotiations
• Collaborate with internal stakeholders to understand their requirements and ensure the sourcing strategy meets their needs
• Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements that optimize value while mitigating risks
• Provide administrative support to sourcing teams by preparing project plans, setting up meetings, documenting business requirements
• Manage project plan for all assigned sourcing requests from requirement gathering to contracting
• Liaise with legal, business and supplier to finalize contracts
• Collaborate with cross-functional teams to manage supplier relationships and address any issues or disputes that may arise
• Document and analyze supplier responses to ensure it contains valid and detailed information
• Co-ordinate with various stakeholders (business, procurement, suppliers) for setting up meetings, presentations and other sessions
• Liaising with business stakeholders, procurement team and suppliers to ensure timely and successful completions of tasks and activities (related to RFx events, NDA management and contracting)
• Maintaining project plans/ tracker for all requests and sourcing events, including timely reporting to all stakeholders
• Tracking & reporting key operational metrics for in-scope activities

What This Job Offers

• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees