Strategic Sourcing Lead
Job
Summary:
The primary purpose of this role is to partner with key areas of the Enterprise Strategic Sourcing team to execute sourcing projects that accomplish the goals of both the organization and the business units they support. This position works closely with the sourcing manager and category manager to executive a variety of sourcing techniques that include data and baseline analysis, RFx development and contract execution. Other key components of the role include contributing to continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives for the organization. This role will support Lowe's construction projects, 3rd party labor and annual store projects (i.e., paving, remodels, etc.).
Key
Responsibilities:
Develops and executes RFPs, RFQs and RFIs, etc. as needed to support the business needs
Develops baseline analysis and current conditions for sourcing events
Consolidates vendor bid sheets
Completes initial bid analysis for sourcing events
Initiates vendor outreach and develops vendor list for sourcing events
Sets up sourcing events using appropriate E-Sourcing tools and processes
Owns and updates ESS and business partners on sourcing project updates and status of initiatives
Negotiates, processes and executes vendor NDA's and Master Agreements, while adhering to financial policies and compliance requirements
Drafts and develops Statement of Work (SOWs) with the outline of technical requirements for sourcing projects and RFX events
Coordinates necessary documentation and process for vendor on-boarding
Expected to interface frequently with customers regarding project updates and status
Builds and maintains effective customer relationships
Required
Qualifications:
Bachelor's Degree Business, Engineering, Science, or related field and 3-5 Years Bachelor's degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor's degree
2
years sourcing, market intelligence or vendor management experience. Experience in procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
3
years business experience
Knowledge and experience using E-sourcing tools
Financial and business acumen
Experience with financial data analysis, strong PowerPoint, and Excel skills
Preferred
Qualifications:
Masters Degree in Business, Engineering, Science or related field (MBA, JD, MS, ME)
Experience with E-Sourcing Tools
Project Management
Cross functional team leadership
Building RFP, SOW, and Contracting
Direct Negotiations
Vendor Management
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 Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit
Lowe's 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.
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience.Estimated Salary: $20 to $28 per hour based on qualifications.
Summary:
The primary purpose of this role is to partner with key areas of the Enterprise Strategic Sourcing team to execute sourcing projects that accomplish the goals of both the organization and the business units they support. This position works closely with the sourcing manager and category manager to executive a variety of sourcing techniques that include data and baseline analysis, RFx development and contract execution. Other key components of the role include contributing to continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives for the organization. This role will support Lowe's construction projects, 3rd party labor and annual store projects (i.e., paving, remodels, etc.).
Key
Responsibilities:
Develops and executes RFPs, RFQs and RFIs, etc. as needed to support the business needs
Develops baseline analysis and current conditions for sourcing events
Consolidates vendor bid sheets
Completes initial bid analysis for sourcing events
Initiates vendor outreach and develops vendor list for sourcing events
Sets up sourcing events using appropriate E-Sourcing tools and processes
Owns and updates ESS and business partners on sourcing project updates and status of initiatives
Negotiates, processes and executes vendor NDA's and Master Agreements, while adhering to financial policies and compliance requirements
Drafts and develops Statement of Work (SOWs) with the outline of technical requirements for sourcing projects and RFX events
Coordinates necessary documentation and process for vendor on-boarding
Expected to interface frequently with customers regarding project updates and status
Builds and maintains effective customer relationships
Required
Qualifications:
Bachelor's Degree Business, Engineering, Science, or related field and 3-5 Years Bachelor's degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor's degree
2
years sourcing, market intelligence or vendor management experience. Experience in procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
3
years business experience
Knowledge and experience using E-sourcing tools
Financial and business acumen
Experience with financial data analysis, strong PowerPoint, and Excel skills
Preferred
Qualifications:
Masters Degree in Business, Engineering, Science or related field (MBA, JD, MS, ME)
Experience with E-Sourcing Tools
Project Management
Cross functional team leadership
Building RFP, SOW, and Contracting
Direct Negotiations
Vendor Management
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 Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit
Lowe's 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.
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience.Estimated Salary: $20 to $28 per hour based on qualifications.
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