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Sourcing Lead

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S&P Global

1mo ago

  • Job
    Full-time
    Senior Level
  • Logistics
    Business, Operations & Strategy
  • Hyderabad, +1

AI generated summary

  • You must be fluent in English, hold a Bachelor’s (Master’s preferred), have 5+ years in procurement, be skilled in sourcing and negotiations, and know e-Sourcing tools like Ariba. Interest in AI is a plus.
  • You will collaborate with sourcing directors, manage vendor relationships, oversee RFPs, negotiate contracts, provide market insights, and ensure alignment with responsible procurement initiatives.

Requirements

  • Fluent in English with strong communication and interpersonal skills.
  • Bachelor’s Degree required; Master’s preferred.
  • Minimum 5 years in professional procurement, with demonstrated experience in sourcing, negotiations, and delivering savings.
  • Familiarity with e-Sourcing tools (e.g., Ariba) is essential.
  • Interest in exploring AI applications in procurement is a plus.

Responsibilities

  • Collaborate with Divisional Sourcing Directors to develop and execute sourcing plans aligned with business strategies.
  • Cultivate and maintain productive relationships with strategic vendors and stakeholders to enhance collaboration.
  • Work with subject matter experts (legal, finance, etc.) to facilitate procurement initiatives.
  • Drive continuous improvement initiatives to enhance procurement efficiency.
  • Oversee structured sourcing events, ensuring compliance and integrity in the RFP process.
  • Negotiate contracts to achieve significant cost savings through direct negotiations and competitive bids across various categories, including technology, marketing, and staff augmentation.
  • Provide market intelligence insights to guide sourcing strategies.
  • Identify cost management opportunities and coordinate cross-functional deal teams.
  • Achieve cost-saving results and effectively communicate outcomes.
  • Ensure that vendor selection decisions are aligned with the S&P Global Responsible Procurement missions, specifically as it relates to supplier diversity, environmental and human rights considerations.

FAQs

What is the primary responsibility of the Sourcing Lead?

The primary responsibility of the Sourcing Lead is to manage global sourcing events, including RFPs, RFIs, and direct negotiations, across S&P Global's indirect spend categories, ensuring optimal value and fostering strong partnerships with key service providers.

What qualifications are required for the Sourcing Lead position?

Candidates should possess a Bachelor's Degree (Master's preferred), a minimum of 5 years of professional procurement experience, and familiarity with e-Sourcing tools like Ariba.

What types of spend does the Sourcing Lead manage?

The Sourcing Lead will manage indirect spend categories with spend under management exceeding $600 million.

Is experience with AI applications in procurement considered beneficial for this role?

Yes, an interest in exploring AI applications in procurement is considered a plus.

What key attributes are essential for the Sourcing Lead position?

Essential attributes include strong relationship-building skills, proactive and collaborative approach, excellent project management, analytical and organizational skills, and the ability to create strategies and action plans.

What benefits does S&P Global offer to its employees?

S&P Global offers comprehensive health care coverage, generous time off, continuous learning resources, retirement planning, family-friendly perks, and various other incentives and discounts.

Is S&P Global committed to diversity, equity, and inclusion?

Yes, S&P Global is committed to diversity, equity, and inclusion, believing that these principles fuel creative insights and drive growth and innovation.

Where is the Sourcing Lead position located?

The Sourcing Lead position is located in Hyderabad, Telangana, India.

What is the expected level of communication skills for this role?

Candidates must be fluent in English and possess strong communication and interpersonal skills to effectively engage stakeholders at all levels.

How does S&P Global view its employees in terms of personal development?

S&P Global is committed to employee development by providing access to resources for continuous learning and encouraging career growth through various programs.

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S&P Global

Finance
Industry
10,001+
Employees

Mission & Purpose

S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world’s leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world’s leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com. Our divisions include: – S&P Global Market Intelligence partners with customers to broaden their perspective and operate with confidence by bringing them leading data sources and technologies that embed insight in their daily work. – S&P Global Ratings offers critical insights for credit, risk and sustainable finance solutions that are essential to translating complexity into clarity, so market participants can uncover opportunities. – S&P Global Commodity Insights enables organizations to create long-term, sustainable value with data and insights for a complete view on the global energy and commodities markets. – S&P Global Mobility turns invaluable insights captured from automotive data to help our clients understand today’s market, reach more customers, and shape the future of automotive mobility. – S&P Dow Jones Indices provides iconic and innovative index solutions, bringing transparency to global capital markets. – S&P Global Engineering Solutions solves for tomorrow’s challenges today by transforming workflows and end-user experiences with data, insights and technology.