Strategic Sourcing Analyst

Innovate in Bengaluru

This position is based at our on-site office in Bengaluru. Lowe's offers an ultramodern work environment, complete with cutting-edge technology, collaborative workspaces, an on-site gym and clinic, and other perks to enhance your work experience. 

About Lowe’s

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week, with total fiscal year 2024 sales of more than $83 billion. Lowe's employs approximately 300,000 associates and operates over 1,700 home improvement stores, 530 branches and 130 distribution centers. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

About Lowe’s India

At Lowe's India, we are the enablers who help create an engaging customer experience for our $97 billion home improvement business at Lowe's. Our 4000+ associates work across technology, analytics, business operations, finance & accounting, product management, and shared services. We leverage new technologies and find innovative methods to ensure that Lowe's has a competitive edge in the market.

To know more about Lowe's India, visit Lowes.co.in

About the Team

This position is part of Enterprise Strategic Sourcing Team, which has the responsibility to manage Indirect spend for Lowe’s India. This position will manage the various responsibilities related to procurement of IT (Hardware, Software, Equipment - Telecom, Networks, Printers, and Consulting solutions) products and services from third parties. Lead will coordinate with various stakeholders involved in procure to pay activities - primarily with Business/ Functional team members, Legal, Finance, Vendors, etc.

Job Summary:

The primary purpose of this role is to support Enterprise Strategic Sourcing initiatives across the Human Resources and Finance categories. The Strategic Sourcing Analyst will support competitive sourcing events, spend and commercial analysis, supplier and market research, supplier negotiations, and contracting activities. The role will partner with U.S.-based ESS category teams, business stakeholders, Market Intelligence, Legal, Finance, and suppliers to support sourcing strategies and initiatives while ensuring compliance with applicable Lowe’s policies and processes..

Key Responsibilities

• Supports the development and execution of competitive sourcing events, including RFPs, RFQs and RFIs, based on business requirements.
• Develops baseline analyses, spend analyses and current-state assessments to support sourcing strategies and events.
• Analyzes and consolidates supplier proposals, pricing and bid responses.
• Conducts initial bid, pricing and commercial analyses for sourcing events.
• Partners with the Market Intelligence team to conduct supplier and market research, identify potential suppliers, and provide analysis to support sourcing strategies, supplier selection and competitive sourcing events.
• Creates and administers sourcing events using applicable e-sourcing tools and processes.
• Supports supplier negotiations and the contracting process for vendor agreements, including master agreements, NDAs, SOWs and amendments, while adhering to applicable financial policies and compliance requirements.
• Tracks sourcing initiatives, maintains project documentation and provides timely status updates to ESS and business partners.
• Partners with business stakeholders and cross-functional teams to gather requirements and support sourcing initiatives.
• Builds and maintains effective relationships with business stakeholders, suppliers and cross-functional partners.

EDUCATION QUALIFICATIONS

Required

Bachelor’s Degree (3 years) in any discipline

Work Experience

Required

• Minimum 3 years of experience in strategic sourcing, procurement, or a related field. Strong analytical and problem-solving skills
• Proficiency with Microsoft Office, particularly Excel and PowerPoint
• Project management and organizational skills
• Cross-functional collaboration and stakeholder management
• Experience supporting RFPs, RFQs and other competitive sourcing events
• Understanding of sourcing, contracting and commercial principles
• Supplier/vendor management
• Strong written and verbal communication skills
• Ability to manage multiple sourcing initiatives and priorities

Preferred

• Exposure to or experience supporting supplier negotiations preferred.

Work Schedule

2 PM to 11 PM (IST) - Hybrid mode.

Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.