Strategic Sourcing Consultant

Job Description

PURPOSE OF ROLE:
The principle purpose of the Strategic Sourcing Consultant is to execute sourcing projects that accomplish the goals of both the organization and the business units they support. These projects should be delivered utilizing a variety of sourcing techniques and include scenario analysis to guide in decision making. Other key components of the role include contributing to continuous improvement activity's, building relationships with the business and support teams, and supporting key initiatives for the organization.
RESPONSIBILITY STATEMENTS:

• In conjunction with sourcing leadership, provides analysis and inputs into category strategies that identify savings opportunities. Analyzes suppliers and demand/spend profiles as well as market conditions to identify savings opportunities. Contributes to and develops presentation materials for Category plans.
• Executes sourcing projects leveraging project management and sourcing tools. Development of analytics around vendor bids and situational demand/usage opportunities will be expected. Expected to lead cross-functional team to drive information gathering from the business, scope development, and contract negotiation critical to completion of the project.
• Develop and execute negotiation plan with sourcing leadership to maximize value of deals. Recognizes competing interests and different award scenarios. Presents materials to stakeholders, evaluating pros and cons of suppliers across multiple award scenarios.
• Authors mostly pre-authored agreements and some new templates that require development, changes, and new language. SOWs will sometimes include governance, complex cost models/structures, performance management (KPIs), penalty and incentive provisions. SOW development will require some stakeholder and BU collaboration. Responsible for life-cycle contract management for assigned categories while leveraging relevant partners across the organization.
• Partners with the business units for relationship management activities and contributes to business reviews and QBRs to maximize value from suppliers. Develops and maintains positive and objective relationships with suppliers to ensure that they are committed to Lowe’s, ensure contract objectives are achieved effectively. Serves as an escalation for contract and performance issues with sourcing leaders.
• Builds and maintains customer relationships typically at the Director and Manager level. Expected to interface frequently with customers regarding project updates and status. Initiates and facilitates meetings with key customers and stakeholders with sourcing leadership.
• Contribute to cross functional effort to create new and modified process that make the P2P process faster and more efficient. Implements new policies and procedures at the direction of sourcing leadership.

• Bachelor’s degree in business, engineering, or science
• 3 years of Procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
• Proficient with MS Office Suite

• Master's degree in business, engineering, or science plus 3 years of experience
• Proficient in the following areas: Experience with E-Sourcing Tools, Project Management, Cross functional team leadership, Building RFP, SOW, and Contracting, Direct Negotiations and Vendor Management

About Lowe’s:
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States and Canada. With fiscal year 2018 sales of $71.3 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Founded in 1946 and 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.
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