The Sourcing Principal will lead the development execution and management of sourcing strategies and tactical plans for Indirect spend categories (nonmerchandise expenses). This role focuses on categories considered strategic businesscritical or offering significant leverage opportunities. Indirect categories include Information Technology (IT) Marketing Business Services Human Resources (HR) and Supply Chain.
Key Responsibilities: - Develop strategic relationships with C Level executives to understand and drive the long term vision for organizational support.
- Secure alignment across the organization for a multi year category plan supporting both transformational projects while ensuring that run rate spend is proactively addressed.
- Develop manage and execute approved projects in the agreed upon timeline
- Demonstrate a key understanding of the Sourcing Process and evangelizing engagement with Stakeholders to ensure alignment across approach and projects.
- Collaborate with the business to define category needs and specifications.
- Complete the collection analysis and reporting of category spend and savings data monthly.
- Conduct the development of sourcing strategies industry and supplier research bidding supplier selection and contract negotiations.
- Perform value analysis and total cost of ownership analytical activities.
- Coordinate strategic sourcing activities with stakeholders for sourced categories including preparing category sourcing results and sourcing step details and summaries.
- Provide Stakeholders’ department with spend savings analysis across categories for forecasting and budgeting purposes.
- Prepare periodic stakeholder activities alignment and category planning materials.
- Coordinate with Stakeholder and Legal department on contract negotiations
- Report on contracting activity
Job Requirements: - Bachelor's or Masters Degree
- Demonstrated understanding of Sourcing Processes and Negotiation Tactics
- 8 plus years of relevant strategic sourcing experience
- Prior management experience
- Project management experience
- Procurement and strategic sourcing knowledge specifically with multiple retail nonmerchandise specific category sourcing expertise
- Understanding of cost savings approaches
- Established strategic sourcing skills including documentation and communication of strategy.
- Networking and team skills
- Strategically oriented
- Strong negotiation and conflict resolution skills
- Excellent communication and interpersonal skills
- Analytical skills
- Ability to successfully address large supplier relationships.