Saks - Strategic Sourcing Specialist

9 hours ago

Bengaluru, India HUDSON'S BAY SERVICES PRIVATE LIMITED Full time

- As a Strategic Sourcing Specialist in Strategic Sourcing & Procurement, you'll be responsible for working with your Director to: develop and lead strategic sourcing events of moderate complexity; writing and negotiating contract terms and documents; and analyzing spend associated with specific indirect spend categories.- Your work will positively impact bottom-line results/value while minimizing risks, foster internal and external relationships, and work with internal stakeholders to educate and promote the procurement policies.You will report to a Manager, Strategic Sourcing.Role Description:- Simultaneously Lead indirect sourcing initiatives for IT, driving strategic improvements, and delivering on operational targets, savings goals, and business strategies- Conduct total cost modeling and sensitivity/scenario analysis to help stakeholders understand trade-offs and benefits to multiple outcomes- Assist with the analysis and planning for various components of indirect spend categories to ensure operational success and results- Use sourcing tools to support departmental efforts to refine and improve procurement processes and policies- Develop and manage relationships with business stakeholders and provide regular project status updates- Partner with multiple corporate functions (Financial Planning & Analysis, Accounting, Legal, etc.) as part of your sourcing projects and related activities- Review, revise, and negotiate contract language- Assist in the development and management of the contract renewal process- Participate in supplier relationship activities (regular business reviews, vendor score carding, etc.)- You will own sourcing projects and work with your Director to bring them to completionRequired Qualifications (Minimum Requirements):- Bachelor's degree preferably in supply chain management, engineering, or business- 3+ years of experience in Strategic Sourcing- Demonstrated capabilities of leading sourcing projects, contract negotiations and authoring, and driving savings/value- Ability to build relationships through verbal and written communication and interpersonal skills- Experience coordinating teams and collecting insights (ref:iimjobs.com)

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