Strategic Sourcing Contracts Lead

Target • Brooklyn Park, MN

8d • $95,000 - $171,000 • Hybrid

About The Position

As a Fortune 50 company with more than 350,000 team members worldwide, Target is an iconic brand and one of America's leading retailers. Working at Target means the opportunity to help all families discover the joy of everyday life. Caring for our communities is woven into who we are, and we invest in the places we collectively live, work, and play. We prioritize relationships, fuel and develop talent by creating growth opportunities, and succeed as one Target team. At our core, our purpose is ingrained in who we are, what we value, and how we work. It’s how we care, grow, and win together. Right on pace with Target’s distinctive and beloved retail brand, the Procurement team works across the business to maximize every resource, asset, and relationship. We use good data, in-depth analysis, and cross-functional insights to identify and communicate best practices, elevating our sourcing and procurement activities to achieve their very highest potential. A role with Strategic Sourcing is a chance to positively impact several key areas of Target’s business. Your input will ensure that Target realizes the expected value from the terms of our agreements that comprise nearly $15 billion in annual spend towards innovative and competitively priced goods and services. You’ll share and promote best practices across the entire company while developing deep expertise and close client relationships. You’ll also collaborate with internal partners who use world class sourcing tools and processes, build total cost of ownership financial models, ensure contract & catalog management, and deliver operational leadership in order to optimize leverage for Target.
Position Description In the role of Strategic Sourcing Contracts Lead, you will support Target’s Procurement organization by providing timely guidance to our team & our internal business partners, and will support our contract negotiations with Target’s indirect (non-retail) vendors. Contract negotiations involve multiple contract types, including non-disclosure agreements, goods and services agreements, consulting agreements, and technology agreements (including hardware agreements, software licensing agreements, and software-as-a service (SaaS) agreements). You will act as a liaison to Target’s Law department and other enterprise teams, and will play an integral role in driving change and achieving successful contract negotiations, with speed and agility, while balancing between contract risks and business goals. Additional Duties and Responsibilities

Requirements

• At least 5 years of relevant experience negotiating and drafting agreements for a variety of transactions, including goods, services, and technology (HW, SW, SaaS, etc.)
• Experience assessing and balancing contract risks and business goals
• Experience developing and leading innovative contracting strategies that result in best-in-class outcomes on complex/ambiguous programs
• Ability to deliver clear and concise advice, and risk identification in a timely manner in accordance with applicable guidelines and policies
• Excellent oral and written communication skills
• Communicate contracting strategy and recommendations using insights, visuals, and storytelling tailored to the business audience
• Independent, organized, and detail-oriented with the ability to multi-task on a large number of projects
• Ability to collaborate across departments to drive cross-functional alignment
• Experience with contract management systems and/or e-Procurement systems
• Experience applying automation, AI, and market intelligence tools to improve contracting outcomes

Nice To Haves

• Juris Doctor (JD) degree (preferred)
• Admitted, or eligible for admission, to the Minnesota bar (preferred)

Responsibilities

• Create and provide written, virtual, and in-person contract training and self-help tools
• Ensure contract templates and resources are up to date in contract management systems
• Develop and implement best practices for contract management and administration in compliance with applicable policies, and influence those policies as appropriate
• Collaborate with other enterprise teams to ensure contracts contain appropriate terms and adhere to any compliance measures
• Negotiate with vendor representatives, as appropriate
• Core responsibilities are described within this job description. Job duties may change at any time due to business needs.

Benefits

• In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family.
• Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.
• Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.
• Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.
• We care about and invest in you as a team member, so that you can take care of yourself and your family.
• Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.
• Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.
• Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed