What are the responsibilities and job description for the IT Sourcing & Procurement Specialist position at Data Based Development Systems?
We are seeking a highly skilled IT Sourcing and Procurement Specialist to join our dynamic team, with a specific focus on supporting Mergers and Acquisitions (M&A) projects.
Job Summary: The IT Sourcing and Procurement Specialist will be responsible for managing the sourcing, procurement, and vendor management activities related to IT Software, Hardware, Telecom, and Services with a particular emphasis on M&A projects. This role requires a strategic thinker with strong negotiation skills and a deep understanding of IT procurement processes.
Key Responsibilities:
• M&A Project Support: Lead IT sourcing and procurement activities for M&A projects, including due diligence, planning, and execution.
• Vendor Management: Identify, evaluate, and manage relationships with IT vendors and service providers to ensure optimal performance and cost-effectiveness throughout M&A cycle
• Contract Negotiation: Negotiate contracts and agreements with IT vendors, ensuring favorable terms and compliance with company policies.
• Cost Optimization: Develop and implement strategies to optimize IT procurement costs while maintaining high-quality standards.
• Risk Management: Assess and mitigate risks associated with IT procurement and vendor relationships, particularly in the context of M&A activities.
• Stakeholder Collaboration: Work closely with internal stakeholders, including IT, finance, legal, and business units, to align procurement strategies with organizational goals.
• Market Analysis: Conduct market research and analysis to stay informed about industry trends, pricing, and emerging technologies.
• Reporting: Prepare and present reports on procurement activities, cost savings, and vendor performance to senior management.
Qualifications:
• Bachelor’s degree in Information Technology, Business Administration, or a related field.
• Minimum of 5 years of experience in IT sourcing and procurement, with a focus on M&A projects.
• Strong negotiation and contract management skills.
• Excellent analytical and problem-solving abilities.
• Proficiency in procurement software and tools.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Knowledge of industry best practices and emerging trends in IT procurement.
Preferred Qualifications:
• Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Information Systems Auditor (CISA).
• Experience in a fast-paced, high-growth environment.