Tech & Product Strategic Sourcing Specialist
Strategic Sourcing Specialist responsible for technology and product category sourcing at Stripe. Leads supplier relationships, negotiations, RFx processes, category planning, and cost savings initiatives with a focus on complex software agreements.
About the job
Responsibilities
- Develop and execute strategic sourcing plans for designated categories, identifying opportunities for cost reduction, quality improvement, and process efficiencies
- Lead supplier selection, assessment, and contract negotiation processes, ensuring compliance with Stripe's policies and risk management protocols
- Conduct market research and analysis to inform category strategies and stay ahead of industry trends
- Champion third party risk programs and fiscal initiatives when engaging in Procurement activities
- Deliver on strategic sourcing management goals including cost savings and spend under management, and implement process enhancements
- Evaluate existing supplier base and identify rationalization and/or RFx opportunities in partnership with business teams and Finance
- Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness
- Participate in establishing short-term and long range planning and budget development to support strategic business goals
- Help develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function
Minimum Requirements
- 8+ years of experience in indirect sourcing, procurement, category management, or a related field
- Demonstrated ability to develop and implement strategic sourcing and category management strategies
- Proven negotiation skills and a track record of achieving significant cost savings and supplier value without compromising on quality or service
- Strong analytical and problem-solving skills, with the ability to manage and interpret complex data
- Experience in supplier contracting with a solid understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements
- Leadership and stakeholder management skills with the ability to elevate ambitions and influence cross-functional and internal team members
Preferred Qualifications
- Solution-oriented mindset with enthusiasm for establishing best practice
- Self-disciplined, diligent, proactive and detail oriented
- Comfort with a rapid pace of change, complexity, and working across matrixed functions, preferably within a fast-paced technology or financial services environment
- Strategic mindset with the ability to make sound business decisions based on data and analytics
- Understanding or experience with e-procurement tools and systems (e.g., Zip, Workday Strategic Sourcing, Oracle, etc.)
- Familiarity with the fintech industry and its supply chain and procurement challenges
Experience with complex software negotiations is required.
Skills
Strategic Sourcing, Procurement, Category Management, Supplier Negotiation, Contract Negotiation, Market Research, Risk Management, Stakeholder Management, E-Procurement Tools, Fintech Supply Chain
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