Assistant Sourcing Manager-Indirect Spend

Global Category Expert (Sr Analyst) are expert practitioners in creating competitive environments and have a strong bias for decision-making rooted in data and analytics. They routinely influence Indirect Spend vendor relationships by advising senior leaders on innovative sourcing strategies that create sustainable, long-term partnerships. They are highly effective communicators, able to articulate the value proposition that procurement can bring to their organizations.

Responsibilities

Handle supplier negotiations, contract management, supplier relationship management, S2C, stakeholder management, risk management and category management; Conduct market research for indirect commodities and handle global subcategories individually; Responsible for market assessments, prequalification and RFQ processes; Issue RFQs, evaluate quotations and negotiate commercial terms; Achieve systematic and sustainable cost reductions through spend and category management; Manage and run renegotiations with suppliers for contract renewals; Manage supplier relations, monitor performance and follow up on supplier development activities; Maintain contract archive system; Ensure compliance with company guidelines, purchasing policies and procedures; Evaluate supplier core competencies and competitive positioning using cost models and benchmarking analysis; Manage sourcing and supplier engagement activities including RFx, spend pattern analysis, contract analysis, bid evaluation, auctions, negotiations and supplier consolidation; Deliver tasks as per service level requirements and meet KPIs; Partner with leadership teams to identify cost saving opportunities; Develop and implement market analyses and benchmarking processes; Establish strong relationships with internal business stakeholders; Provide guidance on procurement strategies and maintain procurement ethics; Act as Finance Business Partner for indirect sourcing operations and provide spend analytics; Analyze trends and provide proactive recommendations to leadership; Partner with FP&A and accounting teams to avoid wrong allocation of costs; Coach and mentor new team members

Requirements

Master’s degree in Materials Management or bachelor’s degree in science/commerce/engineering/economics with relevant experience in Indirect Spend Strategic Sourcing; Minimum 8-12 years of experience in Indirect Spend Strategic Sourcing (S2C), preferably in MNC’s Captive Finance Shared Services Organizations/Global Centers or in Indian reputed manufacturing companies; Hands-on experience in supplier negotiations, auctions/advanced negotiation methods, supplier relationship management, data analytics, Power BI, usage of AI/Copilot in sourcing activities, creating Power BI, SAP, category strategy, knowledge of vendor market, willingness to start from scratch, knowledge of indirect and economic megatrends; Basic understanding of SaaS/on-prem licensing models; Basic literacy on existing software landscape and trends; Eagerness to learn more about IT trends in modern corporate environment; Working knowledge of finance such as FP&A, accounting, integrated supply chain and costing; Experience in leveraging financial and business systems to monitor business activities and aid in decision making; Transformation mindset; Comfortable working in a matrix environment with multiple stakeholders; Excellent interpersonal, communication and analytical skills; Demonstrated leadership abilities; Ability to manage multiple priorities in a dynamic and fast-paced environment; Ability to explain business performance with data; Computer proficiency with strong ERP knowledge preferably SAP, MS Office, Tableau, Alteryx, QlikView and HFM; Strong affinity with LEAN processes and tools; Independent, self-starter, highly motivated

Nice to have

Prior experience in Working with Pharma companies; Six Sigma or Lean training