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Sourcing Consultant

Randstad · Hyderabad, Telangana, India

2–8 yrs experiencefull_timePosted 2 days ago
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Job description

**Sourcing Consultant** **In this role, you will:** - Develop Sourcing strategies and contract negotiations - Review and analyze contract data, business goals and market conditions to identify cost saving opportunities - Customize contract risk terms and draft non standard contract terms and conditions to address business and risk concerns - Develop supplier strategy - Achieve performance measures while developing expertise in policies, procedures and compliance requirements - Collaborate and consult with peers, colleagues and mid level managers to ensure appropriate language is used to achieve final lease documents - Lead projects, teams or serve as a mentor - Research and respond to internal or external inquiries **Required Qualifications:** - 2+ years of Sourcing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education **Desired Qualifications:** - Experience of more than 8+ years in Supply Chain Management. - Exposure to IT and Telecom category. - Knowledge of contract drafting and negotiating vendor legal terms and conditions - Strong Experience in negotiation of commercial terms. - Cross-category experience is preferred. - Ability to structure and communicate decisions to senior management. - Strong Communication and Interpersonal skills. - Excellent networking and negotiation skills **Job Expectations:** - Develops Strategic Sourcing strategies and lead contract negotiations for medium to high risk products / services. - Experience on multiple categories preferably IT & Telecom. - Well versed with contract principles and drafts non-standard contract terms and conditions - Review, draft and negotiate Master Agreements, Statement of Works, Change Orders, Amendments and similar contracts - Research vendor contracts to identify existing relationships, rights, risks and obligations - Proactively identifies and analyzes cost savings opportunities. - Support RFx activities including selection criteria - Identifies and escalates risk-related issues and identifies alternative options/solutions. - Partner with business groups to issue/evaluate RFx opportunities and conduct reverse auctions. - Establishes supplier evaluation/selection criteria and coordinates supplier due diligence activities. - Maintains current status and engagement information related to active engagements in Strategic Sourcing systems. - Ensures meeting all internal policies pertaining to contracts - Ensure contracts clearly specify the right and responsibilities of each party to the contract - Ensures compliance with legal and regulatory requirements such as data protection including customer supervisory information (CSI), Gramm-Leach-Bliley Act (GLBA) to protect customer personal information, etc. - Conduct Quality Check on transactional documents