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The Strategic Sourcing Manager will be responsible for sourcing/procurement related activities and processes associated with the acquisition of products and services for the IT and Digital business functions. This includes requirements gathering, creating and issuing Request for Proposal (RFP), proposal evaluation, contract negotiations, contract drafting and administration with the goal to improve spend and quality performance. This role supports Senior Managers or Directors and ensures compliance with 7-Eleven sourcing policies and processes. You will partner with business stakeholders and suppliers to execute procurement/sourcing activities while building collaborative relationships to deliver improved cost and service levels.
Job Responsibility:
Executes 7-Eleven sourcing processes which include data/spend analysis, strategic planning and market research, scoping, bidding, contract negotiations and execution, compliance, and supplier management activities for assigned categories
Build and maintain collaborative relationships with cross functional stakeholders to develop and execute sourcing processes that support business goals
Build and execute various RFx/sourcing events, performing bid analysis and providing feedback to stakeholders and collaborate on negotiation strategies
Manage suppliers/contractors based on specifications and contractual requirements to ensure effective execution, implementation and prompt resolution of any issues that may arise
Negotiate contracts and contract renewals with suppliers to source/procure products or services needed for categories to optimize spend, reduce risk, achieve favorable terms and drive towards optimized total-cost-of-ownership
Support onboarding of new suppliers and product setups, ensuring compliance and efficient integration through supplier and new item set-up processes
Troubleshoot and resolve operational and supply chain challenges to ensure timely product availability, consistency and performance
As needed support forecasting and demand planning with suppliers and stakeholders to support day to day business as needed
Identify/interview potential suppliers and evaluate supplier capabilities to determine if supplier is qualified to produce and/or supply products or services
Perform market research in applicable areas
Ability to support legal in key contract negotiations such as pricing, performance measures, and breach of contract remedies and termination options
Participate in cross-functional discussions with stakeholders
Provide clear and concise progress updates
Demonstrate ability to build and analyze financial models to evaluate proposal scenarios and present recommendations in a clear and concise format
Bachelor’s degree in Procurement, Business Administration, or Engineering
MBA or equivalent background is preferred
Strong organizational skills, understanding of legal aspects, negotiating skills, purchasing terminology, cost analysis, and legal compliance regulations
Experience and background in Informatics and Cloud technologies, with hands-on experience negotiating SaaS, PaaS, and IaaS contracts
Solid understanding of a wide array of IT contract forms including SaaS, Cloud, Software licensing, Software maintenance, MNDA, SaaS, End User License, Subscription, Cloud Services, Managed Services, Support Agreements, MSA, DPA & SOW's
A clear understanding or drive to learn software, hardware & services procurement procedures
Proficient with MS Office suite – including MS Excel, Outlook, and PowerPoint
Verbal and written communication skills that can clearly communicate with various internal stakeholders, team members and suppliers