Strategic Sourcing Lead

Overview

The Strategic Sourcing Lead supports the Strategic Sourcing Director as they engage cross functional teams in enterprise-wide strategic sourcing and contracting initiatives. The Lead will be responsible for managing contract and price negotiations with vendors, sourcing new vendors through competitive bids, and maintaining strong relationships with internal stakeholders. This position 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, Legal, Corporate Finance, and Risk on a daily basis. The successful candidate will have a minimum of 5 years of applicable sourcing experience, exceptional negotiation skills, and a proven track record of driving cost savings and efficiency improvements.

Additionally, this person will mentor and train Analyst(s) within the Strategic Sourcing organization to support team development and goal achievement. Responsible for assisting Analyst(s) in their daily activities when guidance is needed.

Essential Functions & Responsibilities

• Leads contract negotiations with vendors to secure favorable terms and pricing agreements, ensuring alignment with organizational goals and objectives
  • Includes coordination with legal, internal stakeholders, and business partners to incorporate all feedback and requirements into the final agreement
• Independently manages the end-to-end sourcing process, including:
  • Researching new vendor sources
  • Developing and scoring RFI/RFPs
  • Preparing for vendor and stakeholder meetings and negotiations
• Financial analysis of bids and awarded contracts
• Conducts market research and analysis to identify new vendor opportunities or assess current category strategies
• Develops and maintains 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

Mentorship & Team Development

• Provides mentorship and training for analyst(s)
• Trains analyst(s) on necessary tools and systems to improve knowledge & skills
• Promotes strategic sourcing best practices
• Assigns and prioritizes work
• Reviews and approves low spend / low risk contracts for analysts

Education / Experience Requirements

Please select from below the expected Contribution Level for this role

Position Contribution Level
Minimum Education & Experience

• Bachelor's degree
• 5 or more years of experience in strategic sourcing, procurement, or supply chain management
• Substantial contract negotiations and securing favorable terms and pricing agreements, including Master Service Agreements
• Experience collaborating across an organization and building strong relationships
• Project tracking & management

Preferred Education & Experience

• MBA

Knowledge / Skills Requirements

• Proficient in Strategic Sourcing best practices
• Exceptional contract negotiation skills with the ability to drive favorable outcomes and resolve complex issues
• High degree of accuracy and attention to detail
• Aptitude for conducting supply market research and implementing category strategies
• Team player; self-motivated; creative and persuasive
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with internal and external stakeholders
• Ability to work independently, meet deadlines and follow through
• Takes personal responsibility for the quality and timeliness of work
• Desire to work in a fast-paced environment with ability to multi-task
• Strong analytical and problem-solving skills, with the ability to think strategically and make data-driven decisions
• Demonstrates ability to lead people through communication and delegation

Physical Requirements

Describe any physical requirements of job. EX: ability to stand for majority of work day; ability to communicate clearly in English; ability to lift up to 50 lbs. above shoulder level, etc.

Reporting Relationships

Enter the Position Title of the supervisor and the Position Title(s) of those supervised (enter "Direct Reports" if multiple roles / enter "N/A" if no direct reports)

Supervisor

Director, Strategic Sourcing

Supervises

Dotted line Sourcing Analyst(s)

Accessibility Guidelines

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Equal Opportunity

Belk is an equal-opportunity employer committed to providing a workplace free from harassment or discrimination. All employment decisions are to be made without regard to race, color, age, sex, gender identity, sexual orientation, religion, marital status, national origin, citizenship, disability, or any other basis prohibited by law.

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