Analyst_Strategic Sourcing

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 Bengaluru, Lowe s India develops innovative technology products and solutions and delivers business capabilities to provide the best omnichannel experience for Lowe s customers. Lowe s India employs over 4,200 associates across technology, analytics, merchandising, supply chain, marketing, finance and accounting, product management and shared services. Lowe s India actively supports the communities it serves through programs focused on skill-building, sustainability and safe homes. For more information, visit, www.lowes.co.in .

About the Team

This position is part of Enterprise Strategic Sourcing Team, which has the responsibility to manage Indirect spend for Lowe s India. This position will manage the various responsibilities related to procurement of IT (Hardware, Software, Equipment - Telecom, Networks, Printers, and Consulting solutions) products and services from third parties. Analyst will coordinate with various stakeholders involved in procure to pay activities - primarily with Business/ Functional team members, Legal, Finance, Vendors, etc.

Job Summary:

This role is to provide the necessary support to ensure timely purchase of materials and/or services, contracting & issuance of purchase orders. This includes responsibility of reviewing purchase requisitions, understanding the requirement, sourcing, negotiation, vendor finalization, preparing comparatives, coordinating for contracting and defining scope of work, on time renewal of contracts, creation and issuance of purchase orders, delivery follow up, reconciliation, reporting, etc. This role is also expected to drive measurable improvement areas within the category sourcing, contracting, purchasing and digitalization efforts.

Roles & Responsibilities:

Core Responsibilities:

Responsibilities

• Reviewing Purchase Requisitions for it s correctness and understand the requirement in detail
• Sourcing, processing RFx, preparing comparatives and vendor finalization
• Contracting, creating Purchase Orders after the approved PR
• Coordinating for PO approval, PO issuance and delivery follow ups
• Facilitating reconciliation as applicable for outstanding delivery of materials/ services, invoices, etc.
• Demonstrate a solid understanding of legal terminology and draft and/or revise a variety of contracts with vendors
• Provide advice and guidance to the different teams relating to contract drafting. Also keep a track record of contracts in progress & completed within the categories assigned
• Competency in integrated supply chain management software, like Microsoft Dynamics, Coupa, etc.
• Advanced knowledge of supply chain, procurement, contracting, logistics and payment process.
• Identify opportunities to improve business processes and devise plans to implement these changes
• Resolving day-to-day supply chain issues and promoting operational consistency.
• Vendor Management - Manage "tactical" vendors regarding onboarding, offboarding, performance, and contract compliance.
• Support the development of vendor performance scorecards in partnership with functional, business and analytics teams.
• Support the development and facilitation of presentation materials that are clear and effective to clearly communicate engagement objectives and expectations to vendors and cross-functional stakeholders
• Partner with internal teams as needed (Plan, Execute and support) to ensure requirements and quality standards are met for sourcing efforts in assigned areas
• Partner with key internal resources to ensure an effective negotiating strategy is set and aligned to business requirements to obtain the best overall value based on performance
• Support the development of category strategies and approaches that are aligned to business plans and responsible for the execution of those strategies and delivery of savings
• Maintain and update the vendor database and key information
• Identify and escalate risks, issues, and other action items of vendors
• Monitor the tracking of deliverables and contractual obligations
• Execute and troubleshoot the full lifecycle for purchase operations from order entry, receipts (as needed), invoicing and ongoing business/vendor support accurately, timely, and in accordance with Lowes policies and procedures and proper audit trail
• Ensure vendor payments are made accurately, timely and have proper supporting details
• Make continuous improvement to the process
• Be accountable for results

Years of Experience:

• 4+ years of experience in procurement for India and US region

Education Qualification & Certifications (optional)

Required Minimum Qualifications:

• Bachelor s degree, candidates with required skills and certification in supply management (CPSM, CIPS etc.) will be preferred

Skill Set Required

• Demonstrate knowledge in tax, contracts, ITAM (HAM/SAM) and software commercial licensing construct
• Strong communication and interpersonal skills to build effective relationships with stakeholders
• Ability to influence senior stake holders and cross functional teams to drive agenda
• A team player with ability to work with people from all corporate levels
• Strong business understanding and know-how
• Strong knowledge of advanced MS Excel/ MS Office
• Strong data collection, collation and representation skills
• Excellent problem solving and analytical skills - Ability to interpret data and trends, diagnose problems, and formulate effective action plans to resolve issues.
• Customer and service centric mind set, placing the user at the heart of the solution
• Able to multi-task and respond quickly and effectively to the challenges faced in a fast-paced environment, work well under pressure, able to plan and prioritize workload
• Strong liaising, project management, co-ordination, planning and facilitating skills
• Flexible to adapt to work time needs as required by stakeholders (though it would be an India general shift)

Lowes 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.