Strategic Sourcing Analyst
Company: Lowe's
Location: Mooresville
Posted on: May 3, 2024
|
|
Job Description:
Job Summary:Oversee the overall activities of the category
management and sourcing process for Lowe's indirect spend
categories. Uses industry analysis and insights in the development
of sourcing strategies. Utilizes complex negotiating skills with
vendors to lower cost and maximize value for Lowe's and finalize
terms and conditions for Lowe's approved contracts. Performs
complex analysis of high spend and high-volume categories in the
development of category spend and vendor profiles. Collaborates and
leads internal Lowe's customers, cross-functional stakeholders, and
vendors though the Lowe's sourcing process.Key
ResponsibilitiesLeads and facilitates Lowe's competitive end-to-end
sourcing process for internal Lowe's customer groups and
cross-functional partners driving financial outcomes aligned to
Lowe's Enterprise goals.Assesses industry and market trends for
category to understand market competitiveness, pricing trends,
scope of services, benchmarks, etc.Develops and presents
presentation materials for Category plans to customers and sourcing
leadership. Aligns Category plan to customer's functional plan and
demand to meet customer needs.Creates and executes sourcing events
including respective bid documents ranging from $1M - $20M in spend
(i.e., Request for Proposal, Request for Information, Request for
Quote, etc.) for solicitation/distribution to vendors for specific
service and/or goods categories.Creates presentations using data to
summarize proposal responses received from vendors. Develops final
scenario analysis and recommendations to internal Lowe's customers
for decision/contract award.Develops negotiation strategies and
executes formal negotiations with vendors maximizing value for
Lowe's. Identifies key roles and messages for negotiation
participants.Leverages and coaches others to deliver appropriate
negotiation messages and maintain maximum leverage.Exerts influence
internally and externally in negotiations to maximize the value of
deals.Authors Master contract agreements and Statements of Work
that include complex cost models/structures, performance management
(KPIs), penalty and incentive provisions.Leads and collaborates
with internal Lowe's customers and cross functional partners to
draft and negotiate contract Statements of Work.Manages contract
lifecycle for assigned indirect categories including contract
renewal and expiration dates to inform overall Category Plan while
leveraging relevant partners across the organizationBuilds and
maintains customer relationships with leaders of internal Lowe's
customer groups.Expected to interface frequently with customers
regarding project updates and status. Initiates and facilitates
meetings with key customers and cross-functional partners to review
and manage Category Plans.Develops, conducts, and evaluates
process/procedure improvement opportunities and individual/team
training needs.Required Qualifications:Bachelors Degree in
Business, Supply Chain, Finance or Engineering or 5 additional
years of experience in lieu of a Bachelor's degree2 Years of
experience in Sourcing, Supply Chain, Sales, Finance or similar
work with an emphasis on sourcing, negotiations, and
contractingAbout Lowe'sLowe's Companies, Inc. (NYSE: LOW) is a
FORTUNE 50 home improvement company serving approximately 16
million customer transactions a week in the United States. With
total fiscal year 2023 sales of more than $86 billion, Lowe's
operates over 1,700 home improvement stores and employs
approximately 300,000 associates. Based in Mooresville, N.C.,
Lowe's supports the communities it serves through programs focused
on creating safe, affordable housing and helping to develop the
next generation of skilled trade experts. For more information,
visit Lowe's is an equal opportunity employer and administers all
personnel practices without regard to race, color, religious creed,
sex, gender, age, ancestry, national origin, mental or physical
disability or medical condition, sexual orientation, gender
identity or expression, marital status, military or veteran status,
genetic information, or any other category protected under federal,
state, or local law.Starting rate of pay may vary based on factors
including, but not limited to, position offered, location,
education, training, and/or experience. For information regarding
our benefit programs and eligibility, please visit Starting rate of
pay may vary based on factors including, but not limited to,
position offered, location, education, training, and/or
experience.
Keywords: Lowe's, Greenville , Strategic Sourcing Analyst, Professions , Mooresville, South Carolina
Click
here to apply!
|