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Analyst - Strategic Sourcing

3-6 years

₹ 2.05 - 12L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Bangalore / Bengaluru

1 vacancy

Analyst - Strategic Sourcing

Lowe's

posted 18hr ago

Job Description

Job Summary:
This role is to provide the necessary support to procure indirect materials and services. And also to ensure timely renewal of contracts. This includes responsibility of sourcing, negotiation, creating PO from an approved PR, maintaining list of contacts, repository of contracts, alerts, intimations, vendor registration, etc. This role is also expected to drive measurable improvement areas within the PO processing, contract management, digitalization efforts, on time renewals of contracts, category sourcing and purchasing.

Roles & Responsibilities:
Core Responsibilities:
  • Demonstrate a solid understanding of legal terminology and draft and/or revise a variety of contracts with vendors
  • Ensure the organizations internal contract documents are accurate and well maintained; inform business and sourcing team when to take actions
  • Provide advice and guidance to the different teams relating to contract drafting. Also keep a track record of contracts in progress & completed
  • Competency in integrated supply chain management software, like Microsoft Dynamics, Coupa, etc.
  • Advanced knowledge of supply chain, procurement, 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:
3 to 6 years of experience

Education Qualification & Certifications (optional)
Required Minimum Qualifications :
Bachelor s degree, candidates with required skills and certification in sourcing will be preferred

Skill Set Required
Primary Skills (must have)
  • Bachelor s degree, candidates with required skills and certification in sourcing will be preferred
  • 3 to 6 years of experience in sourcing, PO processing and contract management
  • Strong communication and interpersonal skills to build effective relationships with stakeholders
  • Ability to influence senior stake holders and cross functional teams
  • A team player with ability to work with people from all corporate levels
  • Strong knowledge of advanced MS Excel/ MS Office
  • Strong data collection, collation and representation skills
  • Excellent problem solving and analytical skills
  • 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
  • Strong liaising, project management, co-ordination, planning and facilitating skills


Employment Type: Full Time, Permanent

Read full job description

Lowe's Interview Questions & Tips

Prepare for Lowe's Analyst roles with real interview advice

Top Lowe's Analyst Interview Questions

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What people at Lowe's are saying

4.2
 Rating based on 30 Analyst reviews

Likes

Infrastructure is really good

  • Job security - Excellent
  • +2 more
Dislikes

Nothing is there to talk

  • Salary - Poor
  • +2 more
Read 30 Analyst reviews

Analyst salary at Lowe's

reported by 221 employees with 2-8 years exp.
₹4.2 L/yr - ₹16 L/yr
51% more than the average Analyst Salary in India
View more details

What Lowe's employees are saying about work life

based on 793 employees
80%
92%
82%
93%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Lowe's Benefits

Work From Home
Free Food
Cafeteria
Health Insurance
Team Outings
Gymnasium +6 more
View more benefits

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