Sourcing Associate

Overview

The Sourcing Associate manages low-risk vendor and supplier relationships, supports purchasing and sourcing activities, and contributes to supplier performance, contract, risk, and cost-saving initiatives.

What you'll do

• Manage and administer relationships for assigned low-risk vendors and suppliers.
• Plan and implement purchasing activities, measure, monitor, and report performance levels, and complete vendor or supplier evaluations and scorecards.
• Conduct review meetings to improve supplier performance, and escalate and resolve customer service issues with suppliers or vendors.
• Work with experienced sourcing consultants to identify ways to improve supply chain performance, including cost savings, quality improvements, and discount programs.
• Identify improvements in tools and processes to streamline and automate the supply or commodity management process.
• Work with contract negotiations and vendor relationships of low to medium complexity.
• Complete work under the direction of more experienced staff.
• Act as the focal point for low-risk sourcing and vendor management activities.
• Develop Strategic Sourcing strategies and lead contract negotiations for medium- to high-risk products and services.
• Draft and negotiate non-standard contract terms and conditions.
• Review, draft, and negotiate Master Agreements, Statements of Work, Change Orders, Amendments, and similar contracts.
• Research vendor contracts to identify existing relationships, rights, and risks, and proactively identify and analyze cost-saving opportunities.
• Identify and escalate risk-related issues and identify alternative options and solutions.
• Partner with business groups to issue and evaluate RFx opportunities and conduct reverse auctions.
• Establish supplier evaluation and selection criteria and coordinate supplier due diligence activities.
• Maintain current status and engagement information for active engagements in Strategic Sourcing systems.
• Ensure compliance with internal contract policies and legal and regulatory requirements.
• Ensure contracts clearly specify the rights and responsibilities of each party.
• Protect customer personal information by complying with requirements including data protection and the Gramm-Leach-Bliley Act (GLBA).

What you'll need

• 6+ months of Sourcing experience, or equivalent demonstrated through one or a combination of work experience, training, military experience, and education.

Nice to have

• Strong experience in Supply Chain Management.
• Knowledge of contract drafting and negotiating vendor legal terms and conditions.
• Strong experience in negotiation of commercial terms.
• Cross-category experience is preferred.

Details

• Location: Bengaluru, India.