Strategic Sourcing Associate

The resource must have end to end sourcing experience, must have solid IT sourcing experience like SAAS, cloud, IT professional services and IT consulting.

Looking for resources who have handled complex sourcing task and handle multiple tasks at the same time.

Must have multiple years of experience owning the entire sourcing events right from start to finish.

Must be able to handle incomplete or ambiguous requirement request.

Must have experience handling 50-55 million portfolios.

Experience working with multiple stakeholders along with solid negotiating skills and experience.

Experience managing agreements related to SAAS and consulting agreements.

Will be in IT and Non-IT professional services.

Must be able to handle 10-14 transaction at a time.

Experience with sourcing process from requirements gathering through RFx and contracting.

Healthcare is not a must.

Must have ARIBA experience.
Duties and Responsibilities
Owns execution of sourcing events from intake through contract execution, ensuring timelines, quality, and documentation standards are consistently met.

Lead Stakeholder Engagement and Sourcing Initiatives:
Collaborates with business stakeholders and procurement management to support development of sourcing approaches and category strategies.
Partners with business stakeholders to clarify and refine project objectives and requirements, particularly when inputs are incomplete or evolving.
Applies structured problem-solving to determine appropriate sourcing approach, including supplier selection, evaluation criteria, and negotiation considerations.
Drafts and leads the applicable sourcing process through scoring and completion (e.g. RFx, sole source, etc.).
Acts as primary contact with potential suppliers during the RFx, selection, and negotiation process.
Supports and executes supplier negotiations throughout RFx and contracting process to achieve optimal savings, value, and risk outcomes.
Proactively identifies and resolves blockers to keep sourcing events progressing and escalates risks when appropriate.

Negotiate and Draft Contracts:
Ensures all sourcing and contracting documentation is complete, accurate, and audit ready.
Implements the sourcing strategy and negotiation and redlining process with the supplier to draft contracts that accurately capture business, technical, and legal requirements (including contractual and purchase order documentation).
Acts as liaison with business owner and supplier during negotiations.
Works closely with legal and risk groups to ensure consistent communication and socialization of significant legal and risk issues throughout the negotiation process.
Interacts routinely with legal and business owner to resolve issues.
Supports preparation and submission of procurement documentation for regulatory or external approvals (e.g., Federal Government consent), ensuring completeness and accuracy.
Ensures and adheres to corporate purchasing policy directives and Federal Government regulations.
Ensures compliance with contractual requirements for Federal Employee Program and other state and local contracts specifically related to MBE/WBE requirements and reporting.
Consolidates requirements and coordinates with management to determine the most suitable method of purchase such as spot purchase orders, contracts, blanket orders and supplier stocking arrangements.

Supplier Management:
Ensures procurement process is followed and all documentation is complete and accessible in the Ariba source to pay system.
Analyzes and compares service and/or product offerings and specifications, investigates future renewal requirements and options, and resolves contract and invoice discrepancies.
Tracks contract milestones and renewal timelines to support proactive sourcing, renewals and continuity of services.
Supports ongoing contract lifecycle activities including renewals, amendments, and issue resolution.

QUALIFICATION REQUIREMENTS:
Required: This position requires a Bachelor's degree or equivalent experience; and at least six (6) to eight (8) years' experience in Strategic Sourcing, supporting IT or professional services sourcing in complex or regulated environments
Extensive experience in managing the end-to-end sourcing process from requirements gathering through RFx and contracting.
Experience supporting pricing analysis and participating in supplier negotiations.
Ability to communicate clearly and effectively with stakeholders and suppliers.
Ability to analyze pricing and support price reasonableness assessments.
Proven experience with key category suppliers.

Skills and Abilities:
Must have working knowledge of SAP Ariba.
Excellent project and time management skills including but not limited to risk assessment, workplan development and management.
Strong analytical, organizational, and coordination skills with attention to detail.
Applies structured problem-solving to sourcing and contracting activities.
Identifies issues early and communicates risks and dependencies clearly.
Able to manage multiple sourcing events simultaneously with minimal oversight.
Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time.
Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.
Must be able to effectively communicate and provide positive customer service to every internal and external customer.
Demonstrates strong follow-through and accountability for timelines and deliverables
Comfortable operating in fast-paced environments with changing priorities
Demonstrates professionalism and sound judgment in stakeholder and supplier interactions

Desirable:
Experience in the Health Insurance industry.
Knowledge of the Federal Acquisition Regulation (FAR).