IND_Lead_Strategic Sourcing

Innovate in Bengaluru

This position is based at our on-site office in Bengaluru. Lowe's offers an ultramodern work environment, complete with cutting-edge technology, collaborative workspaces, an on-site gym and clinic, and other perks to enhance your work experience. 

About Lowe’s

Lowe’s is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 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, 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 India, the Global Capability Center of Lowe’s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe’s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India

About The Team

The Enterprise Strategic Sourcing team has the responsibility to manage sourcing of indirect goods and services for Lowe’s internal consumption in India. The team operates at the core of Lowe’s supply chain strategy, driving value through careful vendor selection, cost optimization, and long term relationship building. The mission is to identify, evaluate, and secure best vendors who align with Lowe’s needs., values, and strategic objectives. In a competitive environment, the team plays a piovotal role in ensuring that procurement processes are not only cost effective but also agile and sustainable.

Job Summary

This role is to provide the necessary support to procure indirect materials and services. And also to ensure timely renewal of contracts. This includes responsibility of sourcing, RPQ/RFPs, negotiation, contracting, creating PO from an approved PR, maintaining list of contacts, repository of contracts, alerts, intimations, vendor registration, stakeholder management, project management, etc. This role is also expected to drive measurable improvement areas within, vendor onboarding, PO processing, contract management, digitalization efforts, on time renewals of contracts, category sourcing and purchasing.

Roles & Responsibilities

Core Responsibilities:

• Demonstrate a solid understanding of legal terminology and draft and/or revise a variety of contracts with vendors
• Ensure the organization's internal contract documents are accurate and well maintained; inform business and legal team when to take actions
• Provide advice and guidance to the different teams relating to contract drafting. Also keep a track record of contracts in progress & completed
• Competency in integrated supply chain management software, like Microsoft Dynamics, Coupa, etc.
• Advanced knowledge of supply chain, procurement, logistics and payment process.
• Identify opportunities to improve business processes and devise plans to implement these changes
• Resolving day-to-day supply chain issues and promoting operational consistency.
• Vendor Management - Manage "tactical" vendors regarding onboarding, offboarding, performance, and contract compliance
• Support the development of vendor performance scorecards in partnership with functional, business and analytics teams
• Support the development and facilitation of presentation materials that are clear and effective to clearly communicate engagement objectives and expectations to vendors and cross-functional stakeholders
• Partner with internal teams as needed (Plan, Execute and support) to ensure requirements and quality standards are met for sourcing efforts in assigned areas
• Partner with key internal resources to ensure an effective negotiating strategy is set and aligned to business requirements to obtain the best overall value based on performance
• Support the development of category strategies and approaches that are aligned to business plans and responsible for the execution of those strategies and delivery of savings
• Project manage critical, complex and high value sourcing projects
• Maintain and update the vendor database and key information
• Identify and escalate risks, issues, and other action items of vendors
• Monitor the tracking of deliverables and contractual obligations
• Execute and troubleshoot the full lifecycle for purchase operations from order entry, receipts (as needed), invoicing and ongoing business/vendor support accurately, timely, and in accordance with Lowe's policies and procedures and proper audit trail
• Ensure vendor payments are made accurately, timely and have proper supporting details
• Make continuous improvement to the process
• Stakeholder management
• Be accountable for results
  
  

Years Of Experience

• 5 to 10 years of experience
  
  

Education Qualification & Certifications

Required Minimum Qualifications

• Bachelor’s degree, candidates with required skills and certification in sourcing will be preferred
  
  

Skill Set Required

Primary Skills (must have)

• Strong communication and interpersonal skills to build effective relationships with stakeholders
• Ability to influence senior stake holders and cross functional teams
• A team player with ability to work with people from all corporate levels
• Strong knowledge of advanced MS Excel/ MS Office
• Strong data collection, collation and representation skills
• Strong negotiation skills
• Exceptional contract management skills
• Excellent problem solving and analytical skills
• Customer and service centric mind set, placing the user at the heart of the solution
• Agile and should be able to handle critical, timebound & complex sourcing projects
• Risk management – should be able to identify potential risks and develop strategies to mitigate it
• Able to multi-task and respond quickly and effectively to the challenges faced
• Self starter & should be able to lead cross functional teams for a given project
• Strong liaising, project management, co-ordination, planning and facilitating skills
  
  

Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, 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 state or local law. Lowe’s wishes to maintain appropriate standards and integrity in meeting the requirements of the Information Technology Act’s privacy provisions.

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.

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