Software Sourcing

MASTER MIND CONSULTANCY; Mumbai; On-site; INR 800,000 - 1,300,000; Full time

Job summary

Master Mind Consultancy in Mumbai seeks a seasoned Sourcing professional to lead software procurement and category strategy. You will collaborate with global teams and senior stakeholders to drive RFPs, negotiations, and cost-saving initiatives across software agreements.

The role requires extensive experience in software sourcing, contract management, and supplier relationships. The candidate will influence cross-functional decisions and ensure timely delivery of sourcing projects in a

Qualifications

• Degree-level qualification or equivalent; CIPS or other professional Sourcing/Procurement certification is desirable.
• Strong experience in Software Sourcing, Procurement, or Category Management within a large or multinational organization.
• Proven expertise in leading commercial sourcing activities, contract negotiations, RFPs, and renewals.
• Experience in developing category strategies, analyzing spend portfolios, identifying opportunities, and delivering cost savings.
• Knowledge of global enterprise software suppliers, software pricing models, licensing, and contracting mechanisms.
• Strong understanding of commercial levers, contractual terms, and legal clauses related to software agreements.
• Experience in supplier evaluation, market analysis, competitive bidding, and vendor management.
• Ability to manage regional and global sourcing agreements involving multiple stakeholders.
• Banking or financial services industry experience would be an advantage.
• Experience working with cross-regional and global teams is preferred.
• Excellent negotiation, communication, stakeholder management, and influencing skills.
• Ability to manage multiple projects independently, coordinate cross-functional teams, and deliver projects within deadlines.

Responsibilities

• Support the Global Sourcing Category Lead in developing and executing the Software category strategy.
• Manage software sourcing activities, including new deals, contract renewals, and category-wide efficiency initiatives.
• Lead RFPs, competitive bidding, commercial evaluations, and complex contract negotiations.
• Develop sourcing strategies to optimize costs, manage commercial risks, and deliver business value.
• Engage with senior internal stakeholders and external software vendors to drive sourcing decisions and agreements.
• Prepare and present deal summaries, commercial recommendations, and sourcing proposals.
• Manage deal pipelines and ensure timely execution of sourcing projects.
• Build and maintain strong supplier relationships and drive supplier management initiatives.
• Provide commercial advisory support to business stakeholders on software procurement and contractual matters.
• Work with cross-functional and global teams to deliver sourcing objectives and performance targets.
• Identify cost-saving opportunities, renegotiate existing contracts, and maximize value from incumbent suppliers.
• Support business continuity planning and operational risk management activities.

Skills

Software Sourcing

IT Procurement

Software Procurement

Strategic Sourcing

Education

Degree-level qualification

CIPS or similar certification desirable

Job description

• Support the Global Sourcing Category Lead in developing and executing the Software category strategy in collaboration with key stakeholders.
  
• Manage software sourcing activities, including new deals, contract renewals, and category-wide efficiency initiatives.
  
• Lead RFPs, competitive bidding, commercial evaluations, and complex contract negotiations.
  
• Develop sourcing strategies to optimize costs, manage commercial risks, and deliver business value.
  
• Engage with senior internal stakeholders and external software vendors to drive sourcing decisions and agreements.
  
• Prepare and present deal summaries, commercial recommendations, and sourcing proposals.
  
• Manage deal pipelines and ensure timely execution of sourcing projects.
  
• Build and maintain strong supplier relationships and drive supplier management initiatives.
  
• Provide commercial advisory support to business stakeholders on software procurement and contractual matters.
  
• Work with cross-functional and global teams to deliver sourcing objectives and performance targets.
  
• Identify cost-saving opportunities, renegotiate existing contracts, and maximize value from incumbent suppliers.
  
• Support business continuity planning and operational risk management activities.

Requisites

• Degree-level qualification or equivalent; CIPS or other professional Sourcing / Procurement certification is desirable.
  
• Strong experience in Software Sourcing, Procurement, or Category Management within a large or multinational organization.
  
• Proven expertise in leading commercial sourcing activities, contract negotiations, RFPs, and renewals.
  
• Experience in developing category strategies, analyzing spend portfolios, identifying opportunities, and delivering cost savings.
  
• Knowledge of global enterprise software suppliers, software pricing models, licensing, and contracting mechanisms.
  
• Strong understanding of commercial levers, contractual terms, and legal clauses related to software agreements.
  
• Experience in supplier evaluation, market analysis, competitive bidding, and vendor management.
  
• Ability to manage regional and global sourcing agreements involving multiple stakeholders.
  
• Banking or financial services industry experience would be an advantage.
  
• Experience working with cross-regional and global teams is preferred.
  
• Excellent negotiation, communication, stakeholder management, and influencing skills.
  
• Ability to manage multiple projects independently, coordinate cross-functional teams, and deliver projects within deadlines.

Skills

Software Sourcing,IT Procurement,Software Procurement,Strategic Sourcing