Sourcing Specialist

As a Sourcing Specialist for Software and Services, your main responsibility will be to identify, evaluate, and onboard IT service providers for software resource augmentation and work package outsourcing. You will also be in charge of managing the P2P cycle and developing sourcing strategies to optimize cost, quality, and delivery timelines. Negotiating pricing, contract terms, and service-level expectations with vendors will be a key part of your role, along with establishing and monitoring vendor performance metrics to ensure compliance with SLAs. In case of escalations or disputes with service providers, you will be expected to manage them efficiently. Collaboration with internal teams such as HR, finance, legal, and IT is essential to align sourcing strategies with business needs. Ensuring proper governance and compliance in all vendor engagements is crucial. Continuous analysis of market trends and suggesting improvements in the sourcing strategy will be required to stay competitive and efficient. To qualify for this position, you should have a Bachelors/Masters degree in Engineering, MCA, BCA, MBA, SCM, IT Management, or a related field. A minimum of 10 years of experience in strategic sourcing, vendor/partner management, or procurement, specifically in IT/software services, is necessary. A proven track record in engaging with IT service providers and managing outsourcing contracts is highly valued. Strong experience in negotiating contracts, SLAs, MSAs, and SOWs is essential, along with hands-on experience in different software resource engagement models. In terms of technical expertise, you should have in-depth knowledge of software development technologies like Java and .NET, along with understanding effort estimations, pricing structures, and cost models. Familiarity with procurement tools and vendor management systems is expected, as well as the ability to evaluate technical and financial proposals from vendors. Having experience in working with IT/software development companies, ideally in a global setup and delivery model, is advantageous. Familiarity with compliance and regulatory requirements for IT outsourcing in India, and exposure to working with multinational companies and cross-border procurement, will be beneficial. In summary, as a Sourcing Specialist for Software and Services, you will play a critical role in the strategic sourcing and vendor management processes, ensuring cost-effective and high-quality solutions for the organization.,