Sourcing Analyst at Lowe's Companies, Inc.

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

07 Mar, 26

Salary

0.0

Posted On

07 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sourcing, Market Intelligence, Vendor Management, Financial Data Analysis, Power Point, Excel, E-Sourcing Tools, Project Management, Contracting, Negotiation

Industry

Retail

Description

About Lowe’s Lowe’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. Lowe’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 India 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: 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. Key Responsibilities Develops and executes RFP, RFQ, RFI, etc. Develops baseline analysis and current condition for sourcing events Consolidates vendor bid sheets Completes initial bid analysis for sourcing events Initiates vendor outreach and develops vendor list for sourcing events Sets up sourcing events using appropriate E-Sourcing tools Owns and updates ESS and business partners on sourcing project updates and status Supports the vendor and business partners in setup and administration of meetings and sourcing activities Negotiates, processes and executes vendor NDA’s and Master Agreements Drafts and develops SOW’s with the outline of technical requirements for sourcing projects and RFx events Coordinates necessary documentation and processes for vendor on-boarding Years of Experience: 4+ years of business experience Education Qualification & Certifications (optional) Required Minimum Qualifications: Bachelor’s degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor’s degree Skill Set Required Primary Skills (Must have) 3+ Years sourcing, market intelligence or vendor management experience Financial and business acumen Experience with financial data analysis Strong Power Point and Excel skills Preferred Qualifications Knowledge and usage of E-sourcing tools Project management skills Contracting and vendor management experience Negotiation experience 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. We’re glad you’re interested in building your career with us. Lowe’s is dedicated to service, which begins with serving our associates. Lowe’s team members enjoy exceptional benefits and opportunities to grow their skills. Apply today and start your career on a strong foundation. Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 35 home improvement company serving approximately 20 million customers weekly in the United States and Canada. With fiscal year 2020 sales of nearly $90 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts.

Responsibilities

The Sourcing Analyst will manage procurement activities related to IT products and services, ensuring timely purchases and contract renewals. Responsibilities include vendor negotiation, bid analysis, and coordinating with various stakeholders.