Senior Sourcing Analyst

Position: Senior Sourcing Analyst
Location: Coimbatore (On-site only)
Experience: Minimum 3-5 years of relevant sourcing & procurement experience
Category Experience Required: Indirect procurement categories such as IT, Professional Services, Capex/MRO, Marketing, Logistics, Construction, and Facilities
Educational Qualification: Any UG/PG (MBA preferred)
Shift Timings: Night shift (Candidates should be flexible for any shift)
Perks: Free food and cab facilities
CTC Budget: 6.5 LPA

As Senior Sourcing Analyst in the Knowledge Services team, you will be responsible to facilitate and execute End-To-End projects covering various activities across Procurement & Sourcing. Also, execute complex and strategic sourcing projects of categories/sub-categories to include translating business requirements into clear statements of Work, solicits bids, leads auctions.

• Agile, flexible and inclination to learn
• Good project management, spend data/financial analysis, problem solving and quantitative skills.
• Analytical Aptitude & Logical thinking, Business acumen with an understanding of how markets work
• Change Management skills: Effective influencer who can make persuasive arguments.
• Good soft skills & Negotiation skills with a proven record of accomplishment of achieving cost savings and favorable contract terms including facilitating & building e-Auction strategies
• Excellent communication written and verbal. Effective influencer who can make persuasive arguments and has worked with stakeholders and suppliers from NA & EMEA region.
• Team player, high motivation, positive, can-do attitude, flexibility and adaptable to changing situations
• Strong analytical skills and problem-solving skills, attention to detail and the ability to collaborate & build effective relationships with cross-functional teams and external parties
• Sound & in-depth knowledge and experience of procurement and sourcing methodologies and practices, including contracting and supplier management.
• Prior experience in tactical & strategic sourcing, contract negotiations and purchasing processes
• Ability to prioritize and manage workload & multiple tasks simultaneously
• Proficiency in data analysis tools and techniques, Microsoft Office Suite (Excel, Access, Word, PowerPoint, Outlook) and experience in ERP/P2P tools
• Ability to encourage and persuade stakeholders, build effective relationships with suppliers.
• Familiarity with data management, industry regulations, compliance standards, and market trends
• Ability to provide guidance and mentorship to junior analysts.
• Flexible with shift timings to meet client delivery requirements
• Lead and execute standardized procurement & sourcing end-to-end processes for assigned categories/sub-categories. Able to understand Category Taxonomy and experience in managing deliverables in Direct and Indirect categories.
• Facilitate & able to research trends in the industry as well as Best practices, process data effectively for benchmark analysis, supplier profiling and financial risk assessment activities and create analysis to support recommendations for periodic changes
• Work independently and manage day-to-day activities around the project including discrepancies/deliveries, etc.
• Conduct periodic supplier evaluations and implement corrective actions when necessary. Prepare supplier risk assessment reports and should be able to do industry benchmarking and market intelligence reports independently
• Develop and manage the RFx process across categories, including the preparation and distribution of RFIs (Request for Information), RFPs (Request for Proposals), and RFQs (Request for Quotations).
• Lead the supplier evaluation process, including conducting supplier assessments, evaluating scorecard/proposals, and analyzing supplier capabilities and make recommendations based on defined criteria, negotiate contracts with new vendors and manage supplier relationships.
• Supporting the Leads and Category Manager to execute the projects, drive continuous improvement
• Well versed with spend analysis, Spot Buy, Buy desk, Tail Spend Management, PR-PO processing & approvals
• Actively support and engage in Supplier Relationship Management, Supplier Risk Assessment, Contract Renewals, Contract Migration & Facilitation, Vendor Onboarding, Service Desk queries & tasks and Compliance Audit. Works closely with the contracts team during contract redlining and drafting the contract
• Translate business requirements into clear and comprehensive statements of work (SOW). Collaborate with internal and external stakeholders to gather necessary information and ensure alignment between business needs and sourcing strategies
• Utilize analytical tools and techniques to assess supplier performance, identify cost-saving opportunities, and track key performance indicators (KPIs). Generate reports and present findings to management and stakeholders
• Negotiate favorable contract terms and conditions with suppliers, considering factors such as pricing, quality, delivery, and service level agreements. Identify opportunities for cost savings and implement appropriate negotiation strategies.
• Manage internal customer relationships by leading cross-functional sub-category teams, developing deep category knowledge and aggressively tracking and improving noncompliance with preferred supplier(s)
• Lead auctions to drive competitive bidding and achieve optimal pricing and terms. Monitor auction progress, communicate with participating suppliers, and ensure adherence to established guidelines.

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Job Category: Senior Sourcing Analyst
Job Type: Full Time
Job Location: Coimbatore
Industry: ITES