What are the responsibilities and job description for the Strategic Sourcing Manager - Technology position at Lowes?
Your Impact
The primary purpose of this role is to execute highly complex sourcing projects that accomplish the goals of both the organization and the business units they support. These projects should be delivered utilizing a variety of sourcing techniques, including scenario analysis to guide in decision making, and leveraging analytics and market intelligence to help the business identify opportunities with demand and usage for projects. Other key components of the role include leading continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives to deliver on business goals.
What You Will Do
- Execute complex sourcing projects leveraging project management and sourcing tools by developing RFPs, RFQs, RFIs, etc. as needed.
- Develop of comprehensive bid packages for RFx events utilizing analytics to develop insights in vendor bids.
- Lead cross functional group to drive information gathering from the business, scope development, and contract negotiation critical to completion of the project.
- Develop and execute comprehensive negotiations plan, and conducts direct negotiations with suppliers to maximize the value of deals for Lowe’s
- Manage, initiate and facilitate communication of project updates to business customers and support stakeholders.
- Execute supplier non-disclosure agreements (NDAs) and Master Service Agreements (MSAs) as needed.
- Build and maintain customer relationships typically at the Director level within their subcategory and serves as an escalation for contract and performance issues.
- Develop and negotiate Statements of Work (SOWs).
- Evaluate previous SOWs, KPIs and operational issues to develop improved SOWs with Category Manager input.
- Develop supplier scorecards for RFx results to drive decision making.
- Support baseline development for RFx events.
- Present information and materials to stakeholders, evaluating pros/cons of suppliers across multiple award scenarios to influence and drive decision making.
- Manage finance and legal partnership at the project level.
- Lead vendor workshops.
Required Qualifications
- Bachelor's Degree in Business, Engineering, Science, or related field or related work experience
- 7 Years Procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
- 1 Year Cross functional team leadership
- Knowledge and experience with E-Sourcing tools and processes
- Project management skills
- Contracting and vendor management experience
- Negotiation experience
- Excellent PowerPoint and presentation skills
Preferred Skills/Education
- Master's Degree in Business, Engineering, Science, or related field MBA, JD, MS, ME
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week, with total fiscal year 2024 sales of more than $83 billion. Lowe’s employs approximately 300,000 associates and operates over 1,700 home improvement stores, 530 branches and 130 distribution centers. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. 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.