Lead - Sourcing

Posted 15 Days Ago
Be an Early Applicant
Bengaluru, Karnataka
Expert/Leader
Fintech
The Role
The Lead - Sourcing will oversee supplier selection and negotiation, manage vendor relationships, and monitor supplier performance while driving procurement policy and delivering savings. The role requires project management skills and the ability to analyze contracts and vendor deliverables effectively.
Summary Generated by Built In

Job Description

Lead – Sourcing - Identify appropriate suppliers, negotiate contracts, establish fulfillment processes and collaborate to forecast future needs. The sourcing Lead must help manage and alleviate supply chain risk through risk management and staying on top of supplier stability. Builds vendor relationships to secure the best prices on products & services for the company, as well as manage additional Procurement operational responsibilities where required. Focus must be on driving value to the organization


Primary Responsibilities:

  • Build and develop vendor relationships, managing effective partnerships with key suppliers to encourage superior service, obtain competitive pricing and quality products and/or services
  • Lead or facilitate the supplier selection and negotiation process through the use of standard tools and capabilities (RFI, RFP, etc)
  • Establish savings tracking methodology, perform savings confirmation, and report on project status/success
  • Monitor supplier performance and manage supplier relationships for key suppliers across multiple business divisions
  • Highly self-motivated with the ability to drive change in a global decentralized organization with minimum supervision
  • Strong negotiation skills with history of delivering consistent savings
  • Evaluate and negotiate contracts with vendors including strong focus on contract renewals
  • Liaising with legal departments for review of vendor contracts
  • Compare available goods/services with industry trends to determine appropriate pricing
  • Knowledge of eProcurement and eCatalog management systems is a plus
  • Ability to manage multiple projects at the same time
  • Stay up to date on industry trends and new products


Achievements/Goals within first 6-12 months:

  • Gather and prepare documents like quotes / proposals comparison and purchase terms and conditions from suppliers for supervisor to review / approval.
  • Carefully analyze and monitor vendor deliverables and record their performance.
  • Manage supplier escalations on contractual obligations
  • Deliver savings through negotiation and demand management process

Qualifications

  • Bachelor’s Degree, preferably in accounting.
  • 10 plus years in Procurement / Strategic Sourcing and Vendor management
  • 7+ years of Technology Sourcing Experience is must
  • Driving procurement policy
  • Driving large scale procurement projects
  • Experience of enhancing procurement value chain or value creation
  • Project Management Certification would be preferred
  • Additional qualification in supply chain management preferred
  • NetSuite / Coupa experience preferred
  • Proficiency in Microsoft suite (Word, Excel, and PowerPoint), eRFX and eAuction experience preferred

Exhibits our core values: Results Orientation, Winning Attitude, Be One Team, Disciplined Execution, and Growth Mindset

Additional Information

  • Additional qualification in supply chain management preferred
  • NetSuite experience preferred
  • Experience in data migration as part of acquisitions or system changes preferred
  • Flexibility in supporting business requirements across multiple time zones

All your information will be kept confidential according to EEO guidelines.

** At this time insightsoftware is not able to offer sponsorship to candidates who are not eligible to work in the country where the position is located. **

insightsoftware About Us: Hear From Our Team - InsightSoftware (wistia.com)

Background checks are required for employment with insightsoftware, where permitted by country, state/province.

At insightsoftware, we are committed to equal employment opportunity regardless of race, color, ethnicity, ancestry, religion, national origin, gender, sex, gender identity or expression, sexual orientation, age, citizenship, marital or parental status, disability, veteran status, or other class protected by applicable law. We are proud to be an equal opportunity workplace.

The Company
Raleigh, NC
781 Employees
On-site Workplace
Year Founded: 1993

What We Do

Reach a higher level of financial intelligence with finance-owned solutions that enable fast, accurate reporting, forecasting, planning, and close directly from your core financial systems. insightsoftware enables the office of the CFO to connect to and make sense of enterprise data that is currently spread across a range of point solutions, adding context and building confidence and trust in that data so they can achieve a greater level of financial intelligence across their organization, which is how best-in-class finance teams operate.

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