Lead - Sourcing Specialist
1 week ago
Lowe’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 Bengaluru, Lowe’s India develops innovative technology products and solutions and delivers business capabilities to provide the best omnichannel experience for Lowe’s customers. Lowe’s India employs over 4,200 associates across technology, analytics, merchandising, supply chain, marketing, finance and accounting, product management and shared services. Lowe’s India actively supports the communities it serves through programs focused on skill-building, sustainability and safe homes. For more information, visit, the Team
LGS India is a function set up to support business development by identifying import opportunities. The focus areas are vendor management, drive sustainability, end-to-end product management and delivering quality products that meets customers’ expectation.
Job Summary:
The Sourcing Specialist is also responsible for tracking, monitoring and raising awareness as to the progress of programs and other initiatives set forth by SD & SSM. Organize and maintain all project related data resource needs. Promote collaboration and teamwork across functional India office business areas and LGS US in order to achieve on time program success. Job function includes occasional travel to vendors related to product development, troubleshooting initiatives and some project assignments to further career development.
To accomplish this, the Sourcing Specialist must have knowledge of import sourcing practices / procedures, project management skills, experience in retail business and good communication skills.
The Sourcing Specialist works closely with cross-functional teams to ensure flawless program execution and on time shipment.
Roles & Responsibilities:
Core Responsibilities:
- Vendor Development: Coach vendors in utilization and understanding with key initiatives such as sourcing process and related system operation. Close follow-ups with suppliers on timely work in progress trackers and production updates. Resolve operational issues proactively with the collaboration with cross functional teams.- Project Tracking / Delivery - Be responsible and accountable for tracking, monitoring, and raising awareness as to the progress of projects and other initiatives. Monitor priorities, deadlines, and expectations to gain efficiencies. Communicating progress and information on time, identifying, and recommending ways to address improvement opportunities when possible. Perform additional related responsibilities as requested.- Manufacturing – Knowledge of materials, factory operation, manufacturing processes and quality and understanding of systems and processes to handle order execution.- Retail Math – Knowledge of product costing, tax & duties, currency, payment terms, lead time and inventory turn and understand how these parameters impact cash flow, sales and margins.- Import Process Knowhow – Ability to follow Lowe’s import process and procedures to guide vendors to execute program successfully.- Business Statistics – Knowledge of the ERP/SAP tools, processes, and practices that describe business results in measurable scales; ability to use this knowledge and data to assist in making business decisions- Communicating Effectively – The skill to write, present, and listen effectively. This includes adjusting the amount, style, and content of the information to fit the audience.- Stakeholder Management: To align and keep the respective teams updated on the daily production status and timely escalations
Years of Experience:
3- 7 years of experience in International Business, Sourcing, Merchandising, QA and/or Logistics
Education Qualification & Certifications (optional)
Required Minimum Qualifications:
Bachelor’s degree in business administration, Supply Chain Management or related field
Skill Set Required
Primary Skills (must have)
- Advance Excel knowledge, macros and Power BI- Strong oral and written communication skills with fluency in English and predominate local language(s)
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Secondary Skills (desired)
- Relevant industry experience related to retail market is a plus- Knowledge of manufacturing process and import sourcing practices / procedures is a plus
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, 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 state or local law. Lowe’s wishes to maintain appropriate standards and integrity in meeting the requirements of the Information Technology Act’s privacy provisions.
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