Strategic Sourcing IT Category Manager

Posted 6 Days Ago
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Center Valley, PA
Mid level
Fintech • Financial Services
The Role
The Procurement Category Manager will oversee vendor performance, conduct strategic sourcing analysis, negotiate contracts, maintain supplier relationships, and collaborate with teams to ensure competitiveness and cost-effectiveness in vendor spend.
Summary Generated by Built In
Overview

Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit www.shift4.com.

Shift4 seeks a Strategic Sourcing IT Category Manager to join our procurement team.
The Strategic Sourcing IT Category Manager, is a position tasked with driving value delivery and managing complex supplier relationships. The primary focus of this role will be that of significant IT suppliers, however some work on non-IT supplier relationships is possible. The person will oversee and optimize the performance of specific vendor / supplier categories within Shift4. Key to the role will be strategic sourcing analysis to select “best fit” prospective IT suppliers, strong negotiation with IT suppliers, and leveraging expertise to secure advantageous terms, maintaining strong supplier relationships, and analyzing vendor effectiveness.

The Strategic Sourcing IT Category Manager must have strong experience in sourcing strategy, negotiation strategy, RFP process, and leading cross functional teams to establish optimal pricing and service structures and ensure competitiveness. This person will work within a developing global procurement function with colleagues located around the globe.  This is currently an individual contributor role.


Responsibilities:

  • Define and review IT procurement strategy and project pipeline.
  • Build and implement to internal stakeholders program parameters and guideline
  • On behalf of Shift4, optimize its vendor spend to receive best value relative to quality from its Vendors
  • Identify and execute savings opportunities in the current portfolio of IT vendor spend
  • Manage Shift4’s risk exposure to vendors by conducting thorough evaluation, building commercially sound deals, and ongoing analysis of Vendor performance
  • Collaborating with internal stakeholders to limit the number of suppliers and get best performance from existing contracted vendors.
  • Serve as a control to ensure all existing vendors are evaluated and contracts are negotiated to protect Shift4 resources and risk exposure
  • Lead IT supplier negotiations, ensuring favorable terms and conditions to drive cost savings and strengthen supplier relationships
  • Work with stakeholders to secure favorable commercial terms (including Legal) to complete contracts
  • Establish and evolve best practice standards and parameters for Shift4
  • Identify and pursue savings opportunities by engaging existing vendors for discounts or other saving opportunities
  • Lead IT RFP processes to successful vendor selection
  • Re-engage existing vendors in partnership with other internal stakeholders to drive resolution to issues

Qualifications:

  • Bachelor’s degree
  • 3+ years of procurement / strategic sourcing work involving vendor negotiations
  • Leadership Skills- strong ability to lead small group discussions, meetings, and presentations to drive cross functional results
  • Analytical mindset with the ability to interpret data and make data-driven decisions
  • Excellent communication and negotiation skills to collaborate effectively with cross-functional teams and stakeholders
  • Detail-oriented with a focus on accuracy and quality
  • Ability to thrive in a fast-paced and dynamic work environment
  • Proficiency in utilizing Microsoft Office Suite, category management tools and software for data analysis and reporting

 

Preferred skills and qualifications

  • Significant experience in dealing with large IT suppliers
  • Strong supplier contract negotiation skills
  • Experience in strategic sourcing category management
  • Familiarity with managing a RFP process
  • Understand supplier tactics and pricing strategies to effectively negotiate
  • Experience in vendor management and/or supplier risk management
  • Procurement / Sourcing certifications a plus




We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.


The Company
HQ: Pennsylvania, NY
835 Employees
On-site Workplace
Year Founded: 1999

What We Do

Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry.

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