Sourcing Manager - IT

SUMMARY

The Strategic Sourcing Manager will oversee sourcing/procurement activities for the IT and Digital business functions. This includes requirements gathering, RFP creation and issuance, proposal evaluation, contract negotiations, and administration. The role also involves supporting senior managers, ensuring compliance with 7-Eleven sourcing policies, and building collaborative relationships with stakeholders.

KEY DUTIES AND RESPONSIBILITIES

• Execute 7-Eleven sourcing processes, including data/spend analysis, strategic planning, market research, scoping, bidding, contract negotiations, and execution, for assigned categories.
• Build and maintain collaborative relationships with cross-functional stakeholders to develop and execute sourcing processes that support business goals.
• Manage suppliers/contractors based on specifications and contractual requirements to ensure effective execution, implementation, and prompt resolution of any issues.
• Negotiate contracts and contract renewals with suppliers to source/procure products or services needed for categories to optimize spend, reduce risk, achieve favorable terms, and drive towards optimized total-cost-of-ownership.
• Support onboarding of new suppliers and product setups, ensuring compliance and efficient integration through supplier and new item set-up processes.
• Troubleshoot and resolve operational and supply chain challenges to ensure timely product availability, consistency, and performance.
• As needed, support forecasting and demand planning with suppliers and stakeholders to support day-to-day business as needed.
• Identify/interview potential suppliers and evaluate supplier capabilities to determine if supplier is qualified to produce and/or supply products or services.
• Perform market research in applicable areas.
• Ability to support legal in key contract negotiations such as pricing, performance measures, and breach of contract remedies and termination options.
• Participate in cross-functional discussions with stakeholders.
• Provide clear and concise progress updates.
• Demonstrate ability to build and analyze financial models to evaluate proposal scenarios and present recommendations in a clear and concise format.

KEY LEADERSHIP COMPETENCIES

• Driving change management
• Influencing up and across matrixed organizations
• Creating the case for change
• Driving accountability and delivery against goals
• Solving problems by assessing the situation, leveraging data where applicable, identifying root causes, and developing potential solutions
• Making well-informed decisions, demonstrating initiative, exhibiting autonomy to execute organization initiatives
• Managing collaboration and communication with other teams, both internal and external, to ensure teams have what they need and can work efficiently
• Participating in defining and influencing corporate sustainability programs together with EH&S while providing strong support for the effective execution of corporate sustainability programs

EDUCATION AND EXPERIENCE

• Bachelor’s degree (or equivalent experience) strongly preferred
• 5+ years of relevant work experience
• 2+ years of management experience

Specific Knowledge and Skills

• Bachelor’s degree in Procurement, Business Administration, or Engineering
• MBA or equivalent background preferred
• Strong organizational skills, understanding of legal aspects, negotiating skills, purchasing terminology, cost analysis, and legal compliance regulations
• Experience and background in Informatics and Cloud technologies, with hands-on experience negotiating SaaS, PaaS, and IaaS contracts
• Solid understanding of a wide array of IT contract forms including SaaS, Cloud, Software licensing, Software maintenance, MNDA, SaaS, End User License, Subscription, Cloud Services, Managed Services, Support Agreements, MSA, DPA & SOW's
• A clear understanding or drive to learn software, hardware & services procurement procedures (i.e., renewal strategies, volume discounts, prorating, co-terming licenses, rate cards, MSP versus contingent)
• Proficient with MS Office suite – including MS Excel, Outlook, and PowerPoint