Lead Strategic Sourcing

Innovate in BengaluruThis 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’sLowe’s is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. 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 IndiaLowe’s India, the Global Capability Center of Lowe’s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe’s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes IndiaAbout 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:This role is to provide the necessary support to ensure timely purchase of materials and/or services, contracting & issuance of purchase orders. This includes responsibility of reviewing purchase requisitions, understanding the requirement, sourcing, negotiation, vendor finalization, preparing comparatives, coordinating for contracting and defining scope of work, on time renewal of contracts, creation and issuance of purchase orders, delivery follow up, reconciliation, reporting, etc. This role is also expected to drive measurable improvement areas within the category sourcing, contracting, purchasing and digitalization efforts.Roles & Responsibilities:Core Responsibilities:Reviewing Purchase Requisitions for it’s correctness and understand the requirement in detailSourcing, processing RFx, preparing comparatives and vendor finalizationContracting, creating Purchase Orders after the approved PRCoordinating for PO approval, PO issuance and delivery follow upsFacilitating reconciliation as applicable for outstanding delivery of materials/ services, invoices, etc.Demonstrate a solid understanding of legal terminology and draft and/or revise a variety of contracts with vendorsProvide advice and guidance to the different teams relating to contract drafting. Also keep a track record of contracts in progress & completed within the categories assignedCompetency in integrated supply chain management software, like Microsoft Dynamics, Coupa, etc.Advanced knowledge of supply chain, procurement, contracting, logistics and payment process.Identify opportunities to improve business processes and devise plans to implement these changesResolving day-to-day supply chain issues and promoting operational consistency.Vendor Management - Manage "tactical" vendors regarding onboarding, offboarding, performance, and contract complianceSupport the development of vendor performance scorecards in partnership with functional, business and analytics teamsSupport the development and facilitation of presentation materials that are clear and effective to clearly communicate engagement objectives and expectations to vendors and cross-functional stakeholdersPartner with internal teams as needed (Plan, Execute and support) to ensure requirements and quality standards are met for sourcing efforts in assigned areasPartner with key internal resources to ensure an effective negotiating strategy is set and aligned to business requirements to obtain the best overall value based on performanceSupport the development of category strategies and approaches that are aligned to business plans and responsible for the execution of those strategies and delivery of savingsMaintain and update the vendor database and key informationIdentify and escalate risks, issues, and other action items of vendorsMonitor the tracking of deliverables and contractual obligationsExecute and troubleshoot the full lifecycle for purchase operations from order entry, receipts (as needed), invoicing and ongoing business/vendor support accurately, timely, and in accordance with Lowe's policies and procedures and proper audit trailEnsure vendor payments are made accurately, timely and have proper supporting detailsMake continuous improvement to the processBe accountable for resultsYears of Experience:7+ years of experience in Sourcing, Procurement and ContractingEducation Qualification & Certifications (optional)Required Minimum Qualifications:Bachelor’s degree, candidates with required skills and certification in supply management (CPSM, CIPS etc.) will be preferredSkill Set Required Experience in drafting, reviewing and negotiating global agreementsIT category management experienceDemonstrate knowledge in tax, contracts, ITAM (HAM/SAM) and software commercial licensing constructStrong communication and interpersonal skills to build effective relationships with stakeholdersAbility to influence senior stake holders and cross functional te