Strategic Sourcing Lead

Lowe's Home Centers•Mooresville, NC

11d

About The Position

Your Impact The primary purpose of this role is to partner with key areas of the Enterprise Strategic Sourcing team to execute sourcing projects that accomplish the goals of both the organization and the business units they support. This position works closely with the sourcing manager and category manager to executive a variety of sourcing techniques that include data and baseline analysis, RFx development and contract execution. Other key components of the role include contributing to continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives for the organization. What You Will Do Develops and executes RFPs, RFQs and RFIs, etc. as needed to support the business needs Develops baseline analysis and current conditions for sourcing events. Consolidates vendor bid sheets. Completes initial bid analysis for sourcing events. Initiates vendor outreach and develops vendor list for sourcing events. Sets up sourcing events using appropriate E-Sourcing tools and processes. Owns and updates ESS and business partners on sourcing project updates and status of initiatives. Negotiates, processes and executes vendor NDA's and Master Agreements, while adhering to financial policies and compliance requirements. Drafts and develops Statement of Work (SOWs) with the outline of technical requirements for sourcing projects and RFX events. Coordinates necessary documentation and process for vendor on-boarding. Expected to interface frequently with customers regarding project updates and status. Builds and maintains effective customer relationships.

Requirements

Bachelor’s degree Business, Engineering, Science, or related field or equivalent years of experience in lieu of education requirement, if applicable or 3 years of experience
3 Years bachelor's degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor's degree.
2+ Years sourcing, market intelligence or vendor management experience.
Experience in procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
Knowledge and experience using E-sourcing tools
Financial and business acumen
Experience with financial data analysis, strong PowerPoint and Excel skills

Nice To Haves

Master’s degree Business, Engineering, Science, or related field
MBA, JD, MS, ME or equivalent experience
Project management skills
Negotiation experience

Responsibilities

Develops and executes RFPs, RFQs and RFIs, etc. as needed to support the business needs
Develops baseline analysis and current conditions for sourcing events.
Consolidates vendor bid sheets.
Completes initial bid analysis for sourcing events.
Initiates vendor outreach and develops vendor list for sourcing events.
Sets up sourcing events using appropriate E-Sourcing tools and processes.
Owns and updates ESS and business partners on sourcing project updates and status of initiatives.
Negotiates, processes and executes vendor NDA's and Master Agreements, while adhering to financial policies and compliance requirements.
Drafts and develops Statement of Work (SOWs) with the outline of technical requirements for sourcing projects and RFX events.
Coordinates necessary documentation and process for vendor on-boarding.
Expected to interface frequently with customers regarding project updates and status.
Builds and maintains effective customer relationships.