Strategic Sourcing Specialist

Strategic Sourcing Professional

About us:

As a Fortune 50 company with more than 400,000 team members worldwide, Target is an iconic brand and one of America's leading retailers.

Joining Target means promoting a culture of mutual care and respect and striving to make the most meaningful and positive impact. Becoming a Target team member means joining a community that values different voices and lifts each other up. Here, we believe your unique perspective is important, and you'll build relationships by being authentic and respectful.

Overview about TII

At Target, we have a timeless purpose and a proven strategy. And that hasn’t happened by accident. Some of the best minds from different backgrounds come together at Target to redefine retail in an inclusive learning environment that values people and delivers world-class outcomes. That winning formula is especially apparent in Bengaluru, where Target in India operates as a fully integrated part of Target’s global team and has more than 4,000 team members supporting the company’s global strategy and operations.

PRINCIPAL DUTIES AND RESPONSIBILITIES
The strategic Sourcing Professional may either independently or by supporting the strategic sourcing Lead carry out the following:
Category Planning & Strategy:
• Support business leadership teams by understanding their business plans within your area of responsibility and by developing sourcing strategies that add value to Target.
• Leverage established best practices to effectively engage clients, identify stakeholder needs, and provide timely updates
• Conduct vendor research and gather market intelligence for assigned projects.
RFX Events and Supplier Negotiations:
Develop and manage RFPs for assigned projects by identifying client requirements and coordinating with stakeholders and vendors.

Lead the evaluation and selection of new suppliers, development of existing suppliers, and overall supplier management

Conduct competitive negotiations with suppliers, including experience in TCO analysis, cost driver identification, and e-auctions

• Define and negotiate required service levels based on client requirements to ensure effective performance within service contracts
• Evaluate and analyze supplier proposals
• Review and negotiate contracts or renewals. Contract Management
• Develop and maintain a relationship with a portfolio of Vendors
• Proactively leverage identified risk management practices that protect Target from unanticipated risk or financial exposure through due diligence, contracts, and vendor management
• Identify contract savings opportunities &quantify savings.
• Follow the best practices with respect to all Anti-bribery laws, conflict of interest policy and information protection regulations
Additional Duties & Responsibilities

• Balance business and sourcing needs and working with speed and urgency
• Incorporate storytelling and influence techniques when presenting sourcing recommendations to business clients and partners
• Participate in team trainings and routines focused on emerging sourcing capabilities such as supplier intelligence, automation, and the consultant mindset

 Requirement

• 4-5 years of total work experience, preferably in strategic sourcing and vendor management.
• MBA or equivalent experience
• Strong interpersonal, verbal, presentation and written communication skills
• Ability to clearly identify and communicate stakeholder needs, technical aspects of primary requirements, and the procurement process
• Positive attitude and the ability to effectively deal with team and Business Partners
• Ability to work under pressure
• Interest in learning how AI, digital tools, and automation are shaping the future of sourcing
• Demonstrated data literacy – able to build, interpret, and communicate insights from sourcing systems and events
• Effective in global environments, with excellent cross-cultural communication and collaboration skills
• Team Player

Experience Level

Senior Level