What are the responsibilities and job description for the Strategic Sourcing Lead position at Lowes?
Your Impact
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.
What You Will Do
- 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.
Minimum Qualifications
- Bachelor’s degree Business, Engineering, Science, or related field or equivalent years of experience in lieu of education requirement, if applicable or 3 years of experience
- 3 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
- Knowledge and experience using E-sourcing tools
- Financial and business acumen
- Experience with financial data analysis, strong PowerPoint and Excel skills
Preferred Skills / Experience
- Master’s degree Business, Engineering, Science, or related field MBA, JD, MS, ME or equivalent experience
- Project management skills
- Negotiation experience
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week, with total fiscal year 2024 sales of more than $83 billion. Lowe’s employs approximately 300,000 associates and operates over 1,700 home improvement stores, 530 branches and 130 distribution centers. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. 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.