Sourcing Lead

About The Role

Grade Level (for internal use):

09

Role Overview: As a key member of the S&P Global Source to Pay team, the Sourcing Lead will manage global sourcing events (RFPs, RFIs, and direct negotiations) across S&P Global's indirect spend categories, with spend under management exceeding $600 million. This role supports Divisional Sourcing Directors in sourcing, negotiating, and implementing global suppliers, ensuring optimal value and fostering strong partnerships with key service providers.

Key Responsibilities

Strategy and Planning:

• Collaborate with Divisional Sourcing Directors to develop and execute sourcing plans aligned with business strategies.
• Cultivate and maintain productive relationships with strategic vendors and stakeholders to enhance collaboration.
• Work with subject matter experts (legal, finance, etc.) to facilitate procurement initiatives.
  
  

Sourcing

• Drive continuous improvement initiatives to enhance procurement efficiency.
• Oversee structured sourcing events, ensuring compliance and integrity in the RFP process.
• Negotiate contracts to achieve significant cost savings through direct negotiations and competitive bids across various categories, including technology, marketing, and staff augmentation.
• Provide market intelligence insights to guide sourcing strategies.
• Identify cost management opportunities and coordinate cross-functional deal teams.
• Achieve cost-saving results and effectively communicate outcomes.
• Ensure that vendor selection decisions are aligned with the S&P Global Responsible Procurement missions, specifically as it relates to supplier diversity, environmental and human rights considerations.
  
  

Qualifications

• Fluent in English with strong communication and interpersonal skills.
• Bachelor’s Degree required; Master’s preferred.
• Minimum 5 years in professional procurement, with demonstrated experience in sourcing, negotiations, and delivering savings.
• Familiarity with e-Sourcing tools (e.g., Ariba) is essential.
• Interest in exploring AI applications in procurement is a plus.
  
  

Key Attributes

• Committed to the success of the procurement function with a proactive and collaborative approach.
• Strong relationship-building skills, capable of engaging and influencing stakeholders at all levels.
• Excellent project management, analytical, and organizational skills.
• Dedicated to supporting business priorities and adhering to governance frameworks.
• Ability to proactively create roadmaps, strategies and action plans for initiatives under the responsibility of the position.
  
  

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What’s In It For You?

Our Purpose

Progress is not a self-starter. It requires a catalyst to be set in motion. Information, imagination, people, technology–the right combination can unlock possibility and change the world.

Our world is in transition and getting more complex by the day. We push past expected observations and seek out new levels of understanding so that we can help companies, governments and individuals make an impact on tomorrow. At S&P Global we transform data into Essential Intelligence, pinpointing risks and opening possibilities. We Accelerate Progress.

Our People

We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.

From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. We’re constantly seeking new solutions that have progress in mind. Join us and help create the critical insights that truly make a difference.

Our Values

Integrity, Discovery, Partnership

At S&P Global, we focus on Powering Global Markets. Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our Benefits Include

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.
• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.
• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.
  
  

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

Diversity, Equity, And Inclusion At S&P Global

At S&P Global, we believe diversity fuels creative insights, equity unlocks opportunity, and inclusion drives growth and innovation – Powering Global Markets. Our commitment centers on our global workforce, ensuring that our people are empowered to bring their whole selves to work. It doesn’t stop there, we strive to better reflect and serve the communities in which we live and work, and advocate for greater opportunity for all.

Equal Opportunity Employer

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.

If you need an accommodation during the application process due to a disability, please send an email to: [email protected] and your request will be forwarded to the appropriate person. 

US Candidates Only: The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law.

20 - Professional (EEO-2 Job Categories-United States of America), FINANC202.1 - Middle Professional Tier I (EEO Job Group)

Job ID: 308094

Posted On: 2024-10-08

Location: Hyderabad, Telangana, India