Sourcing Analyst

About the Role

This position is part of the Enterprise Strategic Sourcing Team, responsible for managing the Indirect spend for Lowe’s India. The role will manage procurement of IT (Hardware, Software, Equipment - Telecom, Networks, Printers, and Consulting solutions) products and services from third parties. The Lead will coordinate with various stakeholders involved in procure-to-pay activities, including Business/Functional team members, Legal, Finance, and Vendors.

Job Summary

The primary purpose of this role is to execute complex IT sourcing projects that accomplish the goals of both the organization and the business units they support. This will involve utilizing a variety of sourcing techniques, including scenario analysis, analytics, and market intelligence. Other key components include leading continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives to achieve customer business goals.

Key Responsibilities

• Supports the development and execution of competitive sourcing events, including RFPs, RFQs, and RFIs, based on business requirements.
• Develops baseline analyses, spend analyses, and current-state assessments to support sourcing strategies and events.
• Analyzes and consolidates supplier proposals, pricing, and bid responses.
• Conducts initial bid, pricing, and commercial analyses for sourcing events.
• Partners with the Market Intelligence team to conduct supplier and market research, identify potential suppliers, and provide analysis to support sourcing strategies, supplier selection, and competitive sourcing events.
• Creates and administers sourcing events using applicable e-sourcing tools and processes.
• Supports supplier negotiations and the contracting process for vendor agreements, including master agreements, NDAs, SOWs, and amendments, while adhering to applicable financial policies and compliance requirements.
• Tracks sourcing initiatives, maintains project documentation, and provides timely status updates to ESS and business partners.
• Partners with business stakeholders and cross-functional teams to gather requirements and support sourcing initiatives.
• Builds and maintains effective relationships with business stakeholders, suppliers, and cross-functional partners.

Requirements & Tech Stack

• Proficiency with Microsoft Office, particularly Excel and PowerPoint.
• Experience supporting RFPs, RFQs, and other competitive sourcing events.
• Experience with applicable e-sourcing tools and processes.

Qualifications

• Strong analytical and problem-solving skills.
• Project management and organizational skills.
• Cross-functional collaboration and stakeholder management.
• Understanding of sourcing, contracting, and commercial principles.
• Supplier/vendor management.
• Strong written and verbal communication skills.
• Ability to manage multiple sourcing initiatives and priorities.