The Lead Strategic Sourcing Analyst supports the Strategic Sourcing Director as they engage cross functional teams in enterprise-wide strategic sourcing initiatives. The Lead Sourcing Analyst is responsible for assessing and executing the category strategy of specific spend areas using strategic sourcing best practices. Works independently taking a proactive approach in assigned commodities supporting the Sourcing team in ensuring Strategic Sourcing’s value commitment to internal business partners is met. Lead Strategic Sourcing Analyst partners with external vendors, internal business partners, Belk’s legal, corporate finance, and accounting teams on a daily basis. Capable of leading Sourcing bids and cross functional projects while being the direct liaison for Belk.
Additionally, this person will mentor and train subordinate Analysts within the Strategic Sourcing organization to support team development and goal achievement. Responsible for assisting subordinate Analysts in their daily activities when guidance is needed.
Essential Functions:
Independently manages most sourcing and contracting activities, including:
Researching new vendor sources
Developing and scoring RFI/RFPs
Preparing for vendor and stakeholder meetings and negotiations
Financial analysis of bids and contracts
Contract negotiation (includes coordination with legal, internal stakeholders, and vendors)
Completes supply market research and presents learnings from research/analysis
Partners with Strategic Sourcing Director and business teams to identify future sourcing opportunities and support special projects or complex/high risk negotiations, as needed
Develops strong working relationships with team members and business partners to achieve desired outcomes for issues and objectives
Represents the organization as internal and external contact on sourcing events and contracts
Meets periodically with internal executives
Provides mentorship and training for subordinate analysts
Trains analysts on necessary tools and systems to improve knowledge & skills
Promotes strategic sourcing best practices
Reviews and approves low spend / low risk contracts for analysts
Conducts monthly development / coaching with analysts
Requires designated hybrid in-office work schedule
Required for All Jobs
Performs other duties as assigned
Complies with all policies and standards
Education / Experience Requirements:
Bachelor’s Degree
5 or more years of applicable experience
Experience collaborating across an organization and building strong relationships
Substantial contract negotiations with new services, including Master Service Agreements
Project tracking & management
Hybrid Work Schedule
Preferred Education & Experience:
MBA
Knowledge / Skills Requirements:
Understands and utilizes Strategic Sourcing best practices
Aptitude for conducting supply market research and implementing category strategies
Team player; self-motivated; creative and persuasive
Communicates effectively with all partners with ability to create strong, trust-based relationships
Collaborates with others to address daily business issues
Demonstrates ability to lead people and teams through communication and delegation
Ability to work independently, meet deadlines and follow through
Takes personal responsibility for the quality and timeliness of work
High degree of accuracy and detail
Desire to work in a fast-paced environment with ability to multi-task, manage time and be flexible to function in ambiguous and/or time-sensitive situations
Excellent critical thinking skills
Strong analytical skills
Strong written and verbal communication skills
Reporting Relationships:
Director, Strategic Sourcing
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