IT Software Sourcing Specialist

Vertex Solutions Inc.; New York (NY); Hybrid; USD 70,000 - 90,000; Part time

Job summary

Vertex Solutions Inc. is seeking a Sourcing Specialist specializing in IT Software. This role demands collaboration with IT and vendor management to align with company goals. Candidates must have a Bachelor’s degree and at least three years of strategic IT sourcing experience, with a focus on software sourcing. Duties include developing sourcing strategies, negotiating contracts with vendors, and ensuring compliance. The position offers a hybrid work arrangement based in NYC.

Qualifications

• Minimum of three years experience in strategic IT sourcing including a year in software sourcing.
• Proficient in core Procurement skills.
• Excellent interpersonal communication and collaboration skills.

Responsibilities

• Contribute to development of annual and multi-year sourcing strategies and plans.
• Lead end-to-end IT Software sourcing projects.
• Negotiate and manage contracts with IT Software vendors.
• Identify opportunities for cost savings and process improvements.

Skills

Stakeholder Management

Supplier Management

Market Analysis

Negotiations

Analytical skills

Problem-solving skills

Project management skills

Communication skills

Interpersonal skills

Education

Bachelor’s degree in Business, Supply Chain Management, or related field

Tools

MS Office (Excel, PowerPoint)

Job description

Our NYC client is hiring for a Sourcing Specialist specializing in IT Software Category on a contract to hire basis hybrid to NYC midtown.

You’ll collaborate closely with IT, IT Finance, Legal, and Vendor leadership to ensure alignment with company goals and objectives, emphasizing quality, innovation, competitiveness, efficiencies, and cost savings.

The ideal candidate will possess knowledge of different licensing models and software sourcing strategies. The candidate will play a critical role in analyzing spend data, performing market analysis, and leading the end-to-end RFx process.

While the ideal candidate will meet all of the above requirements, candidates with a strong IT sourcing background will also be considered.

IT Software Sourcing Specialist will report to Software Sourcing Manager.

Job Responsibilities

• Contribute to development of annual and multi-year sourcing strategies and plans.
• Collaborate with key stakeholders to understand current and future software needs in IT Software.
• Lead end to end, IT Software sourcing projects (“7 Step Strategic Sourcing Process”).
• Identify, evaluate, and manage relationships with key Software vendors.
• Collaborate with project owners to identify any vendor-related performance issues.
• Negotiation and Contract Management
• Lead contract and commercial negotiations with IT Software vendors to secure favorable terms, pricing, and contractual agreements.
• Stay informed about industry trends, market dynamics, and emerging software technologies.
• Conduct market research and analysis to identify potential suppliers and assess their capabilities.
• Work closely with finance and other departments to manage and optimize costs related to IT Software and Cloud.
• Identify opportunities for cost savings and process improvements to meet/exceed the annual savings targets.
• Assess and mitigate risks associated with IT Software category, ensuring business continuity and compliance with policies, procedures, and contracting principles, regulations.
• Examine and interpret business needs pertaining to cloud and on-premises services.
• Carry out all supplier due diligence as required.
• Takes ownership for sourcing issues and actively participates in their resolution.
• Collaboration and Communication
• Collaborate with cross-functional teams to ensure alignment on sourcing strategies and objectives.
• Communicate effectively with internal stakeholders to provide updates on sourcing initiatives and performance.
• Perform other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in Business, Supply Chain Management, or a related field.
• Minimum of three (3) years of proven experience in strategic IT sourcing including minimum one year software sourcing.
• Competence in core Procurement skills; Stakeholder Management, Supplier Management and Performance, Market Analysis, Negotiations, etc.
• Excellent analytical, problem-solving, and project management skills.
• Effective communication and interpersonal skills.
• Excellent interpersonal communication, collaboration, negotiation, organizational, and multitasking skills.
• Proficient in MS Office applications including Excel and PowerPoint.

Preferred Qualifications

• Certified Purchasing Manager (C.P.M.) or other recognized certification is a plus.

Vertex Solutions Inc. is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, national origin, ancestry, religion, age, citizenship, sex, marital or veteran status, disability or handicap, sexual orientation or any other basis prohibited by applicable law.