Sourcing Analyst

Job Description

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 2024 sales of more than $83 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, 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 . About the Team This position is part of Enterprise Strategic Sourcing Team, which has the responsibility to manage Indirect spend for Lowe s India. This position will manage the various responsibilities related to procurement of IT (Hardware, Software, Equipment - Telecom, Networks, Printers, and Consulting solutions) products and services from third parties. Lead will coordinate with various stakeholders involved in procure to pay activities - primarily with Business/ Functional team members, Legal, Finance, Vendors, etc. Job Summary: This role is to provide the necessary support to ensure timely purchase of materials and/or services, contracting & issuance of purchase orders. This includes responsibility of reviewing purchase requisitions, understanding the requirement, sourcing, negotiation, vendor finalization, preparing comparatives, coordinating for contracting and defining scope of work, on time renewal of contracts, creation and issuance of purchase orders, delivery follow up, reconciliation, reporting, etc. This role is also expected to drive measurable improvement areas within the category sourcing, contracting, purchasing and digitalization efforts. Key Responsibilities Develops and executes RFP, RFQ, RFI, etc. Develops baseline analysis and current condition 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 Owns and updates ESS and business partners on sourcing project updates and status Supports the vendor and business partners in setup and administration of meetings and sourcing activities Negotiates, processes and executes vendor NDA s and Master Agreements Drafts and develops SOW s with the outline of technical requirements for sourcing projects and RFx events Coordinates necessary documentation and processes for vendor on-boarding Years of Experience: 4+ years of business experience Education Qualification & Certifications (optional) Required Minimum Qualifications : Bachelor s degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor s degree Skill Set Required Primary Skills (Must have) 3+ Years sourcing, market intelligence or vendor management experience Financial and business acumen Experience with financial data analysis Strong Power Point and Excel skills Preferred Qualifications Knowledge and usage of E-sourcing tools Project management skills Contracting and vendor management experience Negotiation experience