Strategic Sourcing Lead

Job Summary:

The primary purpose of this role is to partner with key areas of the Enterprise Strategic Sourcing team to execute sourcing projects that accomplish the goals of both the organization and the business units they support. This position works closely with the sourcing manager and category manager to executive a variety of sourcing techniques that include data and baseline analysis, RFx development and contract execution. Other key components of the role include contributing to continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives for the organization. This role will support Lowe's construction projects, 3rd party labor and annual store projects (i.e., paving, remodels, etc.).

Key Responsibilities:

Develops and executes RFPs, RFQs and RFIs, etc. as needed to support the business needs

Develops baseline analysis and current conditions 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 and processes

Owns and updates ESS and business partners on sourcing project updates and status of initiatives

Negotiates, processes and executes vendor NDA's and Master Agreements, while adhering to financial policies and compliance requirements

Drafts and develops Statement of Work (SOWs) with the outline of technical requirements for sourcing projects and RFX events

Coordinates necessary documentation and process for vendor on-boarding

Expected to interface frequently with customers regarding project updates and status

Builds and maintains effective customer relationships

Required Qualifications:

Bachelor's Degree Business, Engineering, Science, or related field and 3-5 Years Bachelor's degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor's degree

2+ years sourcing, market intelligence or vendor management experience. Experience in procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting

3+ years business experience

Knowledge and experience using E-sourcing tools

Financial and business acumen

Experience with financial data analysis, strong PowerPoint, and Excel skills

Preferred Qualifications:

Masters Degree in Business, Engineering, Science or related field (MBA, JD, MS, ME)

Experience with E-Sourcing Tools

Project Management

Cross functional team leadership

Building RFP, SOW, and Contracting

Direct Negotiations

Vendor Management

#Onsite

About Lowe’s

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 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 and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

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.

Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.

Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience.