What are the responsibilities and job description for the IT Strategic Sourcing Lead position at Lowe's?
Your Impact
The primary purpose of this role is to partner with key areas of the Enterprise Strategic Sourcing team to execute sourcing projects that accomplish the goals of both the organization and the business units they support. This position works closely with the sourcing manager and category manager to executive a variety of sourcing techniques that include data and baseline analysis, RFx development and contract execution. Other key components of the role include contributing to continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives for the organization.
What you will do:
- Develop and execute RFPs, RFQs and RFIs, etc. as needed to support the business needs
- Develop baseline analysis and current conditions for sourcing events
- Consolidate vendor bid sheets
- Complete initial bid analysis for sourcing events
- Initiate vendor outreach and develops vendor list for sourcing events
- Set up sourcing events using appropriate E-Sourcing tools and processes
- Own and update ESS and business partners on sourcing project updates and status of initiatives
- Negotiate, process and execute vendor NDA's and Master Agreements, while adhering to financial policies and compliance requirements
- Draft and develop Statement of Work (SOWs) with the outline of technical requirements for sourcing projects and RFX events
- Coordinate necessary documentation and process for vendor on-boarding
- Interface frequently with customers regarding project updates and status
- Build and maintain effective customer relationships
REQUIRED QUALIFICATIONS :
- Bachelor's Degree Business, Engineering, Science, or related field and 3-5 Years Bachelor's degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor's degree
- 2 Years sourcing, market intelligence or vendor management experience, procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
- Knowledge and experience using E-sourcing tools
- Financial and business acumen
- Experience with financial data analysis, strong PowerPoint and Excel skills
PREFERRED QUALIFICATIONS:
- Master's Degree Business, Engineering, Science, or related field MBA, JD, MS, ME
- Project management skills
- Negotiation experience
- Proficient with MS Office Suite
- Project Management
- Cross functional team leadership
- Building RFP, SOW, and Contracting
- Direct Negotiations
- Vendor Management
About Lowe’s
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 Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, 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 federal, state, or local law.
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.
