IND_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

The Enterprise Strategic Sourcing team has the responsibility to manage sourcing of indirect goods and services for Lowe s internal consumption in India. The team operates at the core of Lowe s supply chain strategy, driving value through careful vendor selection, cost optimization, and long term relationship building. The mission is to identify, evaluate, and secure best vendors who align with Lowe s needs., values, and strategic objectives. In a competitive environment, the team plays a pivotal role in ensuring that procurement processes are not only cost effective but also agile and sustainable.

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)

• 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

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.