IT Strategic Sourcing Analyst

Nextech Solutions; Memphis (TN); Hybrid; USD 65,000 - 90,000; Full time

Job summary

Nextech Solutions in Memphis, TN, is seeking an IT Strategic Sourcing Analyst to manage hands-on IT sourcing, contract review, and negotiations. You will coordinate with Legal through execution, support RFPs, analyze spending, and monitor supplier performance. The role requires collaboration with business stakeholders and due diligence on proposals.

The schedule is Monday–Friday, 9 a.m.–5 p.m. Central, with training onsite for five days, then a hybrid schedule with three onsite and two remote

Qualifications

• 3+ years of experience in IT sourcing, procurement, vendor management, or strategic sourcing.
• Proven experience supporting complex sourcing events, RFP processes, and contract negotiations.
• Experience working with IT vendors and technology contracts.
• Excellent written communication skills, including the ability to explain detailed contract specifications to consultants, contractors, and internal clients.

Responsibilities

• Plan and carry out IT sourcing activities, including due diligence and sourcing events.
• Gather and assess business requirements; solicit and evaluate proposals; support supplier selection.
• Review and redline technology agreements with Legal; negotiate terms; move agreements through execution.
• Apply contracting standards and protect confidential budgets, terms, and plans.
• Serve as the sourcing contact for assigned business groups and maintain supplier relationships.
• Analyze spending and identify opportunities to consolidate or end contracts per objectives.
• Review pricing models, usage, service levels, and contract compliance with stakeholders; work with suppliers to improve value.
• Monitor supplier financial performance and market conditions; communicate risks and mitigation plans.

Skills

IT sourcing

Vendor management

Contract negotiations

RFP processes

Stakeholder communication

Job description

IT Strategic Sourcing Analyst

Location: Memphis, TN — Hybrid

Overview

The IT Strategic Sourcing Analyst performs hands‑on IT sourcing and technology contract work, including contract review and redlining, commercial negotiations, and coordination with Legal through execution. The analyst also supports RFPs, analyzes spending, and manages supplier performance and risk.

The schedule is Monday–Friday, 9 a.m.–5 p.m. Central. The first month requires five days onsite each week for training. After training, the schedule is three days onsite and two days from home, with Wednesday required onsite.

Key Responsibilities

• Plan and carry out IT sourcing activities, including due diligence, sourcing strategies, complex sourcing events, and initiatives that improve supplier value and reduce risk.
• Gather and assess business requirements with subject matter experts; solicit and evaluate proposals and support supplier selection.
• Review and redline technology agreements in collaboration with Legal, negotiate commercial terms, and coordinate with suppliers and business stakeholders to resolve contract issues and move agreements through execution.
• Apply contracting standards and policies, and protect confidential technology budgets, contract terms, and organizational plans.
• Serve as the sourcing contact for assigned business groups and maintain supplier relationships focused on continuous improvement.
• Analyze spending and identify opportunities to improve value by consolidating, extending, or ending contracts in line with business objectives.
• Review pricing models, usage, service levels, and contract compliance with stakeholders; work with suppliers to improve quality, service, satisfaction, and cost.
• Monitor supplier financial performance and market conditions, communicate viability risks, and develop mitigation plans with technology strategy stakeholders.

Required Qualifications

• 3+ years of experience in IT sourcing, procurement, vendor management, or strategic sourcing.
• Proven experience supporting complex sourcing events, RFP processes, and contract negotiations.
• Experience working with IT vendors and technology contracts.
• Excellent written communication skills, including the ability to accurately explain detailed and complex contract specifications, policies, and procedures to consultants, contractors, and internal clients.

Preferred Qualifications

• Experience supporting enterprise-level sourcing or procurement transformation initiatives.