Technology Sourcing Vendor Management Analyst

Position: Technology Sourcing & Vendor Management Analyst

Work Location: Hearst Tower, New York, NY 10019

Number of days in the office: Two Tuesdays and any other work day of choice

Join our dynamic and collaborative team where professionalism meets a friendly and inclusive work environment! At Hearst Technology Services, we pride ourselves on fostering a culture that values teamwork, creativity, and mutual support. Our team is comprised of dedicated colleagues who bring diverse skills and perspectives, creating a vibrant and innovative workplace. As part of our team, you'll have the opportunity to collaborate with talented professionals who are passionate about technology, their work and dedicated to the success of our organization.

Overview: The Technology Sourcing & Vendor Management Analyst role is pivotal in ensuring HEARST maximizes the benefits derived from our strategic alliances with technology partners and vendors. This opportunity offers engagement with diverse business stakeholders across industries such as media, healthcare, and finance.

Responsibilities:

Strategic Procurement: Identify, assess, and procure technology-related products and services vital to our organizational functions.

Perform comprehensive modeling: Assess project costs and benefits utilizing standard methodologies, including understanding historical price trends, total cost of ownership, should-cost modeling, Benchmarking and other to ensure the delivery of optimal value for our organization.

Stakeholder Collaboration: Engage with internal stakeholders to understand market dynamics, conduct negotiations, and uphold Hearst standards while ensuring cost-effectiveness.

Global Technology Negotiations: Run negotiations for comprehensive technology agreements spanning IT commodities like hardware, software, cloud, and managed services. Strive for cost savings, favorable payment terms, and added value from vendor agreements.

Vendor Management Tools Oversight: Maintain the accuracy and efficiency of Vendor Management tools like Salesforce and SharePoint, crucial for negotiation and process management.

What we are looking for:

• Bachelor s degree in Business Administration, Supply Chain Management, IT, or a related field, or equivalent experience.
• Proven experience (5 years) in technology procurement, vendor management, or strategic sourcing within the tech industry.
• Knowledge of financial accounting, pricing, strategic sourcing, and vendor management concepts
• Exceptional negotiation, analytical, communication, and presentation skills
• Deep understanding of IT products, services, and market trends.
• Ability to develop strong relationships with business partners and strategic vendors.
• Strategic mindset and passion for efficiency, simplification, and outstanding results
• Proficient in MS Office Suite, particularly in Excel to execute RFx modelling and financial models.
• Technology-savvy to leverage eProcurement and eSourcing tools including but not limited to: Oracle, Spend Analysis tools, Salesforce.
• Proficiency in contract management and evaluation methodologies.
• Familiarity with legal and regulatory aspects linked to procurement.
• Ability to perform in a fast-paced, goal-oriented, and time-sensitive environment.
• Familiarity with a variety of Technology vendor concepts, practices, and procedures.

Reporting Structure:

• This role reports directly to the Senior Director of the Technology Sourcing & Vendor Management team.

Key relationships:

• Business Unit IT Senior Level Customers, HTS Leadership, Finance, Legal, Corporate Procurement, and Asset Management