Lowe’s

Strategic Sourcing Lead

Lowe’s$90K — $110K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Engineering, Science, or equivalent experience
  • 3+ years in business-related roles
  • 2+ years in sourcing, market intelligence, or vendor management
  • Proficiency in E-sourcing tools
  • Strong financial and business acumen
  • Expertise in financial data analysis, PowerPoint, and Excel

Responsibilities

  • Develop and execute RFPs, RFQs, and RFIs for sourcing projects
  • Perform baseline analysis for sourcing events
  • Consolidate vendor bid sheets and conduct initial bid analysis
  • Initiate vendor outreach and develop sourcing event vendor lists
  • Set up sourcing events using E-Sourcing tools and processes
  • Negotiate and execute vendor NDAs and Master Agreements
  • Draft and develop Statements of Work (SOWs) for sourcing projects
  • Coordinate documentation for vendor on-boarding

Benefits

  • Opportunities for professional development
  • Support for continuous improvement initiatives
  • Collaboration with cross-functional teams
  • Exposure to various sourcing techniques
  • Building relationships with key stakeholders
Full Job Description
Your Impact
The primary purpose of this role is to partner with key areas of the Enterprise Strategic Sourcing team to execute sourcing projects that accomplish the goals of both the organization and the business units they support. This position works closely with the sourcing manager and category manager to executive a variety of sourcing techniques that include data and baseline analysis, RFx development and contract execution. Other key components of the role include contributing to continuous improvement activities, building relationships with the business and support teams, and supporting key initiatives for the organization.

What You Will Do
  • Develops and executes RFPs, RFQs and RFIs, etc. as needed to support the business needs
  • Develops baseline analysis and current conditions for sourcing events.
  • Consolidates vendor bid sheets.
  • Completes initial bid analysis for sourcing events.
  • Initiates vendor outreach and develops vendor list for sourcing events.
  • Sets up sourcing events using appropriate E-Sourcing tools and processes.
  • Owns and updates ESS and business partners on sourcing project updates and status of initiatives.
  • Negotiates, processes and executes vendor NDA's and Master Agreements, while adhering to financial policies and compliance requirements.
  • Drafts and develops Statement of Work (SOWs) with the outline of technical requirements for sourcing projects and RFX events.
  • Coordinates necessary documentation and process for vendor on-boarding.
  • Expected to interface frequently with customers regarding project updates and status.
  • Builds and maintains effective customer relationships.


Minimum Qualifications
  • Bachelor's degree Business, Engineering, Science, or related field or equivalent years of experience in lieu of education requirement, if applicable
  • 3 Years Bachelor's degree in business, finance, engineering, or related field, or equivalent experience in lieu of a bachelor's degree.
  • 2+ Years sourcing, market intelligence or vendor management experience. Experience in procurement, Supply Chain, Sales, Finance or similar work with an emphasis on sourcing, negotiations, and contracting
  • 3+ years business experience
  • Knowledge and experience using E-sourcing tools
  • Financial and business acumen
  • Experience with financial data analysis, strong PowerPoint and Excel skills


Preferred Skills/Education
  • Master's degree Business, Engineering, Science, or related field MBA, JD, MS, ME
  • Project management skills
  • Negotiation experience

About Lowe’s

Lowe's Careers

Joining Lowe's means becoming part of a team that is committed to fostering an environment of growth, innovation, and leadership. As one of the leading home improvement companies, Lowe's offers unparalleled job opportunities and a culture that values diversity and professional development. Work You'll Do At Lowe's, your work will directly impact our mission to help people love where they live. Whether you're involved in the direct sales process, product development, or customer service, your role will contribute to our industry-leading standards. Transform Your Career Leverage your skills and drive in a position that empowers you to lead projects and initiatives that redefine the retail experience. Lowe's is at the forefront of the industry, combining retail, technology, and customer service to create unique experiences for consumers. Join a team of dedicated professionals who are there to support your career aspirations and help you grow both personally and professionally. With over 300,000 team members, Lowe's is a place where you can cultivate a career filled with innovation and opportunities. Lowe's Professional Growth and Opportunities We are committed to the professional growth of every team member. Lowe's offers a variety of career paths and opportunities for advancement, including leadership roles in numerous departments. Whether you're seeking a part-time position or a full-time career, Lowe's provides the training and resources needed to advance and excel. Internship Programs Start your career with Lowe's through our dynamic internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that impacts our business. Interns at Lowe's gain invaluable skills, work alongside experienced professionals, and are considered for full-time positions upon successful completion of the program. Benefits and Culture Lowe's is dedicated to maintaining a culture that promotes diversity and inclusion. We offer a comprehensive benefits package that supports the health, well-being, and financial security of our employees and their families. Benefits include health insurance, retirement plans, and employee discounts, among others. Networking and Innovation Stay connected and ahead in your career through Lowe's commitment to innovation and networking. Our team members have access to cutting-edge technology and are encouraged to think outside the box to solve challenges. Networking within the company is supported through various groups and initiatives, fostering connections that can lead to career advancement. Join Our Team Explore the job opportunities at Lowe's that match your skills and interests. We are always looking for passionate, curious, and solution-driven team players. Start your journey with Lowe's today and be part of a company that values hard work and dedication. Stay Up to Date Keep informed with the latest in career tips, company news, and industry insights—all from the people who work at Lowe's. Our careers blog provides valuable content that can help you navigate your professional journey. Job Alert Emails Customize your subscription to receive job alerts and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Lowe's. SEARCH LOWE'S JOBS At Lowe's, your career is in your hands. Build it with us and be part of a team that is changing the future of retail.
Learn more about Lowe’s
Size
200,000 employees
Market Cap
$120.3 billion
Industry
Net Income
$5.8 billion
Founded
1946
5 Year Trend
+8.2%
Revenue
$89.5 billion
NASDAQ

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