Sourcing Lead - Knowledge Services

GEP Worldwide


Date: 1 week ago
City: Navi Mumbai, Maharashtra
Contract type: Full time
GEP is a diverse, creative team of people passionate about procurement. We invest ourselves entirely in our client’s success, creating strong collaborative relationships that deliver extraordinary value year after year. Our clients include market global leaders with far-flung international operations, Fortune 500 and Global 2000 enterprises, leading government and public institutions.

We deliver practical, effective services and software that enable procurement leaders to maximise their impact on business operations, strategy and financial performance. That’s just some of the things that we do in our quest to build a beautiful company, enjoy the journey and make a difference. GEP is a place where individuality is prized, and talent respected. We’re focused on what is real and effective. GEP is where good ideas and great people are recognized, results matter, and ability and hard work drive achievements. We’re a learning organization, actively looking for people to help shape, grow and continually improve us.

Are you one of us?

GEP is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, ethnicity, color, national origin, religion, sex, disability status, or any other characteristics protected by law. We are committed to hiring and valuing a global diverse work team.

For more information please visit us on GEP.com or check us out on LinkedIn.com.

Job Summary

What you will do

As a Sourcing Lead in the Knowledge Services team, you will be

responsible for leading End-To-End projects covering various activities

across Procurement & Sourcing. Also, be responsible for developing

and executing sourcing strategies across categories/sub-categories.

The individual will collaborate with cross-functional teams, including

procurement, supply chain, and vendor management, to identify and

engage with suppliers, negotiate contracts, and optimize sourcing

processes. Should be a strategic thinker with exceptional negotiation

and communication skills

Key Responsibilities

  • Manage project allocation, support team members during kick

off meeting and share best practices.

  • Lead and execute standardized procurement & sourcing end-toend processes for assigned categories/sub-categories.
  • Able to understand Category Taxonomy and experience in

managing deliverables in Direct and Indirect categories.

  • Lead & able to research trends in the industry as well as “Best

practices, process data effectively for benchmark analysis,

supplier profiling and financial risk assessment activities and

create analysis to support recommendations for periodic

changes

  • Conduct periodic supplier evaluations and implement corrective

actions when necessary.

  • Prepare supplier risk assessment reports and should be able to

do industry benchmarking and market intelligence reports

independently

  • Develop and manage the RFx process across categories,

including the preparation and distribution of RFIs (Request for

Information), RFPs (Request for Proposals), and RFQs (Request

for Quotations). Lead the supplier evaluation process, including

conducting supplier assessments, evaluating

scorecard/proposals, and analyzing supplier capabilities and

make recommendations based on defined criteria, negotiate

contracts with new vendor and manage supplier relationships.

  • Supporting the Leads and Category Manager to execute the

projects, drive continuous improvement.

  • Well verse with spend analysis, Spot Buy, Buy desk, Tail Spend

Management, PR-PO processing & approvals

  • Actively Lead and engage in Supplier Relationship Management,

Supplier Risk Assessment, Contract Renewals, Contract

Migration & Facilitation, Vendor Onboarding, Service Desk

queries & tasks and Compliance Audit as and when required.

Works closely with the contracts team during contract red lining

and drafting the contract.

  • Translate business requirements into clear and comprehensive

statements of work (SOW). Collaborate with internal and external

stakeholders to gather necessary information and ensure

alignment between business needs and sourcing strategies

  • Utilize analytical tools and techniques to assess supplier

performance, identify cost-saving opportunities, and track key

performance indicators (KPIs). Generate reports and present

findings to management and stakeholders.

  • Prepare negotiation scripts and negotiate with suppliers, makes

recommendations, helps on-board, qualifies, and contracts with

new vendor and ensures compliance.

  • Negotiate favorable contract terms and conditions with suppliers,

considering factors such as pricing, quality, delivery, and service

level agreements. Identify opportunities for cost savings and

implement appropriate negotiation strategies

functional sub-category teams, developing deep category

knowledge and to aggressively track and improve noncompliance

with preferred supplier(s)

  • Lead auctions to drive competitive bidding and achieve optimal

pricing and terms. Monitor auction progress, communicate with

participating suppliers, and ensure adherence to established

guidelines.

  • Maintain professional interactions with outside suppliers as well

as strong partnership with internal teams. Identify process

inefficiencies and recommend enhancements to optimize the

sourcing and procurement functions. Implement best practices

and contribute to the development of standardized sourcing

processes.

  • Responsible for the development of the team, ensure adherence

to the SLAs and managing the stakeholders with regular

interaction

Requirements

What you should bring

  • Minimum 5-8 years of relevant sourcing & procurement experience ( DIRECT MATERIALS)
  • Agile, flexible and inclination to learn
  • Strong project management skills, with the ability to prioritize tasks,

manage multiple projects simultaneously, and meet deadlines.

  • Change Management skills: Effective influencer who can make

persuasive arguments.

  • Good soft skills & Excellent negotiation, communication, and

interpersonal skills, with the ability to build and maintain effective

relationships with suppliers and stakeholders.

  • Excellent communication–written and verbal. Effective influencer who

can make persuasive arguments and has worked with stakeholders

and suppliers from NA & EMEA region.

  • Prior experience in a client facing role is necessary, should have an

eye to detail to be able to work towards increasing efficiency.

  • Team player, high motivation, positive, can-do attitude, flexibility and

adaptable to changing situations

  • Strong analytical skills and problem-solving skills, attention to detail

and Analytical mindset with the ability to gather and analyze data,

identify trends, and generate actionable insights for process

improvement.

  • Sound & in-depth knowledge and experience of procurement and

Familiarity with sourcing tools and technologies, such as e-sourcing

platforms, supplier management systems, and contract management

software.

  • Strong knowledge of sourcing strategies, supplier evaluation and

selection processes, contract negotiation, and supplier performance &

risk management.

  • Prior experience in tactical & strategic sourcing, contract negotiations

and purchasing processes

  • Ability to prioritize and manage workload & multiple tasks

simultaneously.

  • Proficiency in data analysis tools and techniques, Microsoft Office

Suite (Excel, Access, Word, PowerPoint, Outlook) and experience in

ERP/P2P tools.

  • Familiarity with industry regulations, compliance standards, and

market trends

  • Ability to provide guidance and mentorship to junior analysts. People

Management (Team of 2 to 5) is an advantage.

  • Proficiency in using Microsoft Office Suite (Excel, PowerPoint, Word)

and other relevant software applications.

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