IT Procurement & Sourcing Analyst

***Hybrid, 3 days onsite, 2 days remote***

***We are unable to sponsor as this is a permanent full-time role***

A prestigious company is looking for an IT Procurement & Sourcing Analyst. This role will focus on IT procurement, sourcing, negotiations (hardware, software, Consulting), vendor management, etc.

Responsibilities:

• Identify and evaluate procurement opportunities in alignment with strategic, operating and financial objectives. Lead the negotiation and purchase of goods and services with a focus on the technology category. Partner with internal business clients to ensure that purchased goods and services meet their needs. Proactively seek ways to drive down total cost of ownership through competition and vendor relationships.
• Lead the negotiation strategy and negotiation team for agreements that deliver value to our stakeholders ensuring service, quality and added value maximizing the supplier s capabilities
• Provide proactive, high-value procurement and contract negotiation consultation to the business through thorough understanding of the business needs.
• Drive sourcing and procurement plans for products, services and solutions that will optimize year-over-year total cost of ownership
• Lead the development and management of RFP, RFQ and RFI
• Maintain awareness of industry trends that have an impact on IT and business sourcing best practices through external advisory services, internal procurement and vendor management teams and good working relationships with existing and emerging strategic vendors used by the enterprise.
• Identify and leverage relevant third-party market intelligence sources.
• Develop and maintain relationships with stakeholders (IT, business, legal, TPRM, vendor management, finance, and vendors) to lead major sourcing programs.
• Negotiate contractual agreements with consistent commercial terms satisfying regulatory requirements per company policy
• Understand and adopt agile, pragmatic and fast-track principles into IT sourcing and procurement practices.
• Lead the evaluation of optimal sourcing and pricing options, taking into consideration outsourcing/cloud, hybrid and insourcing models.
• Manage purchase order process to ensure timely delivery of all required IT items.

Qualifications:

• Bachelor s degree in business management, supply chain, information technology or a related field, or an equivalent combination of experience, skills, training and education.
• 5-7 years of progressive experience in procurement, specifically in the technology space including contracting, sourcing and negotiations
• Proficient with Microsoft Office
• ERP system experience
• Successful track record in a large procurement organization
• Technology procurement experience (minimum 3 years)
• Strong problem solving, conflict management and conceptual thinking abilities
• Process driven with strong analytical acumen
• Strong negotiation expertise with an understanding of key contracting concepts and legal terms
• Ability to translate business requirements into agreements
• Ability to lead cross-functional teams and reach consensus
• Knowledge of financial analysis and management.
• Knowledge of IT asset management.
• Experience in risk management skills.