Sourcing & Procurement Associate

EXL Service

  • USA
  • Permanent
  • Full-time
  • 1 day ago
Sourcing & Procurement Associate:Responsibilities:
  • Managed end-to-end sourcing cycle, understand business needs, perform vendor research to identify potential participants to getting the contract signed
  • Develop and published RFP in Ariba
  • Conduct market research and analysis to identify potential suppliers, evaluate their capabilities, and gather market intelligence to support decision-making
  • Lead supplier selection and qualification processes, including issuing RFIs, RFPs, and conducting supplier evaluations and negotiations
  • Collaborate with internal stakeholders to understand their requirements and ensure the sourcing strategy meets their needs
  • Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements that optimize value while mitigating risks
  • Provide administrative support to sourcing teams by preparing project plans, setting up meetings, documenting business requirements,
  • Manage project plan for all assigned sourcing requests from requirement gathering to contracting
  • Negotiate contracts, terms, and pricing with suppliers to secure favorable agreements (MSA/SOW) that optimize value while mitigating risks
  • Liaise with legal, business and supplier to finalize contracts
  • Collaborate with cross-functional teams to manage supplier relationships and address any issues or disputes that may arise
  • Document and analyze supplier responses to ensure it contains valid and detailed information
  • Co-ordination with various stakeholders (business, procurement, suppliers) for setting up meetings, presentations and other sessions
  • Liaising with business stakeholders, procurement team and suppliers to ensure timely and successful completions of tasks and activities (related to RFx events, NDA management and contracting)
  • Maintaining project plans/ tracker for all requests and sourcing events, including timely reporting to all stakeholders
  • Tracking & reporting key operational metrics for in-scope activities
Qualifications:
  • Bachelor’s Degree
  • 3+ years’ experience
  • Proven experience as a Sourcing Specialist, Procurement Specialist, or similar role
  • Strong knowledge of strategic sourcing methodologies, procurement best practices, and supplier management
  • Must possess excellent verbal and written communication skills
  • Good project management/ business analysis/ process analysis skills
  • Working knowledge of SAP Ariba, primarily in Sourcing and Contract workspace
  • Strong organizational skills with attention to detail and ability to manage multiple priorities
  • Professional certifications such as Certified Professional in Supply Management (CPSM) or Project Management Professional (PMP)® Certification will be a plus

EXL Service