Strategic Sourcing Professional

1 month ago

Bengaluru, Karnataka, India Stripe Full time

About the Role

We are seeking a skilled Strategic Sourcing Specialist to join our Finance Operations team at Stripe. This role will play a crucial part in supporting our global strategic sourcing events and category management, collaborating with cross-functional teams to optimize our company's spend and drive value.

Responsibilities

  • RFx Event Support
    • Draft RFx documents for specific projects in collaboration with global category managers.
    • Prepare RFx communications, scoring templates, summaries, and other supporting documents.
    • Prepare and retain RFx project documentation for historical record.
    • Execute NDAs for RFx events.
    • Lead regional RFx projects when needed.
  • Benchmarks/Rates
    • Conduct initial category-specific market research.
    • Analyze rate submissions from Suppliers with industry benchmarks.
    • Develop supplier profiles with data sourced from resources like Tropic, Pitchbook, other internal tools, and publicly available data.
    • Lead regional rate card negotiations when needed.
  • Contracting
    • Contract analysis to inform category strategies and/or individual transaction strategies.
    • Data cleanup on renewal dates, termination notice periods, and other relevant sourcing metadata in the Contract database.
    • Setup and execute proactive tracking of SLA violations and ensure appropriate processes are initiated to claim any possible service credits/refunds.
  • General Support
    • Monitor procurement process and manage escalations for sourced deal transactions.
    • Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness.
    • Participate in establishing short-term and long-range planning and budget development of the company to support strategic business goals.
    • Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function that Stripe recognizes and values.

Requirements

  • A minimum of 7+ years of experience in indirect sourcing, procurement, category management, or a related field.
  • Strong understanding of procurement principles and supply chain management.
  • Strong experience in negotiations and achieving significant cost savings and supplier value without compromising on quality or service.
  • Experience in supplier contracting with an understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements.
  • Excellent communication and interpersonal skills, with the ability to convey complex information in an understandable way.
  • Strong analytical and problem-solving skills with a keen eye for detail.
  • Strong organizational skills and the ability to manage multiple priorities in a dynamic, fast-paced environment.
  • A team player with a proactive attitude and the ability to work independently when required.
  • Demonstrated experience successfully partnering with cross-functional stakeholders.

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world's largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.

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