What are the responsibilities and job description for the Strategic Sourcing Lead position at Lowe's?
The principal purpose of the Lead, Strategic Sourcing is to execute sourcing projects that accomplish the goals of both the organization and the business units they support. These projects should be delivered utilizing a variety of sourcing techniques and include scenario analysis to guide in decision making. Other key components of the role include contributing to continuous improvement activity's, building relationships with the business and support teams, and supporting key initiatives for the organization. This role will support Lowe's Supply Chain organization.
Key Responsibilities:
Provides analysis and inputs into category strategies that identify savings opportunities.
Analyzes suppliers and demand/spend profiles as well as market conditions to identify savings opportunities.
Executes sourcing projects leveraging project management and sourcing tools.
Development of analytics around vendor bids and situational demand/usage opportunities will be expected.
Expected to lead cross functional group to drive information gathering from the business, scope development, and contract negotiation critical to completion of the project.
Develops and execute negotiation plan with sourcing leadership to maximize value of deals.
Presents materials to stakeholders, evaluating pros and cons of suppliers across multiple award scenarios.
Responsible for life-cycle contract management for assigned categories while leveraging relevant partners across the organization.
Serves as an escalation for contract and performance issues with sourcing leaders.
Builds and maintain customer relationships typically at the Director and Manager level
Expected to interface frequently with customers regarding project updates and status.
Initiates and facilitate meetings with key customers and stakeholders with sourcing leadership.
Implements new policies and procedures at the direction of sourcing leadership.
Required Qualifications:
Bachelors Degree in Business, Engineering, Science or related field OR 8 years of finance, strategy, sourcing or related experience
5 or more year of finance, strategy, sourcing or related experience
1 year Procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
Proficient with MS Office Suite
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
#Onsite
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 Lowes.com.
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 https://talent.lowes.com/us/en/benefits.
