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Strategic Sourcing Specialist

Strategic Sourcing Specialist

Stripe

5 - 8 years

0 Lacs

bengaluru karnataka india

Posted:2 days ago| Platform: Foundit logo

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Skills Required

supply chain management market research supplier contracting procurement category management indirect sourcing e-procurement tools negotiations erp systems contract analysis

Work Mode

On-site

Job Type

Full Time

Job Description

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companiesfrom the world's largest enterprises to the most ambitious startupsuse Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.

About Finance Operations

The Finance Operations (FinOps) team provides and enhances core business services that are the backbone for Stripe. FinOps uses data and operational excellence to deliver technology solutions, procurement, billing and payroll services, strategic sourcing, and supplier relationship management to Stripe.

About Procurement

Global Procurement, which is part of Stripe's Finance Operations (FinOps), is responsible for the entire buying journey, from sourcing new suppliers or renewing engagements with existing ones to facilitating purchase order approvals, paying valid supplier invoices, and managing Stripe's travel and expense program. The team also reviews and advises on contract structures and terms, conducts risk assessments to ensure suppliers meet Stripe's standards, and onboards suppliers for secure payment processing.What you'll doWe're looking for a Sourcing Specialist to join our growing team. In this role you will play a crucial role in supporting the global strategic sourcing events and category management while collaborating with cross functional teams. You will be responsible for conducting market research, gathering supplier information, developing sourcing strategies, and facilitating sourcing events to optimize the company's spend and drive value. This role requires strong analytical skills, attention to detail, and the ability to work collaboratively with cross-functional teams.

Responsibilities

The responsibilities for this role include but are not limited to the following:

RFx Event Support

Draft RFx documents for specific projects in collaboration with global category managers
Prepare RFx communications, scoring templates, summaries, and other supporting documents
Prepare and retain RFx project documentation for historical record
Execute NDAs for RFx events
Lead regional RFx projects when needed

Benchmarks / Rates

Conduct initial category-specific market research
Analyze rate submissions from Suppliers with industry benchmarks
Develop supplier profiles with data sourced from resources like Tropic, Pitchbook, other internal tools, and publicly available data
Lead regional rate card negotiations when needed

Contracting

Contract analysis to inform category strategies and/or individual transaction strategies
Data cleanup on renewal dates, termination notice periods, and other relevant sourcing metadata in the Contract database
Setup and execute proactive tracking of SLA violations and ensure appropriate processes are initiated to claim any possible service credits/refunds

General Support

Monitor procurement process and manage escalations for sourced deal transactions
Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness
Participate in establishing short-term and long-range planning and budget development of the company to support strategic business goals
Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function that Stripe recognizes and values

Who you are
We're looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

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Strategic Sourcing Specialist