Lead Procurement Partner; Digital & Tech Sourcing

Vantage Point Recruiters, LLC.; Dearborn (MI); Hybrid; USD 95,000 - 116,000; Full time

Benefits offered by this job

Bonus

Full benefits

Job summary

World Class Corporation in Dearborn, MI is seeking a Senior Lead — Strategic Sourcing to manage end-to-end sourcing for software, services and products in digital marketing for the automotive retail sector.

You will optimize TCO, drive cost savings, negotiate contracts, and collaborate with Legal and Finance to ensure favorable terms and risk mitigation. This hybrid role requires in-office Tue-Thu and leadership to advisory VP+ levels.

Qualifications

• Bachelor’s degree in business administration or related area.
• 5+ years in strategic sourcing with Marketing/IT spend.
• 5+ years contract negotiation experience.
• Experience in digital advertising, media or software sourcing is a plus.
• Proven ability to lead cross-functional negotiations with Legal and Finance.

Responsibilities

• Drive end-to-end sourcing for software, services and products in digital marketing for automotive retail.
• Improve strategy, policies and terms to achieve high-quality, favorable terms and risk mitigation.
• Provide due diligence, contract and supplier management and supplier operations support.
• Analyze Total Cost of Ownership and document cost-savings achieved through negotiations.
• Collaborate with Legal to finalize contracts and present recommendations to executives.
• Lead supplier bids and award decisions; negotiate PO terms and conditions.
• Track invoices through the PO lifecycle for Finance.
• Support supplier assessments to evaluate risk and legal/data security considerations.

Skills

AI tools

Executive presence

Sourcing experience

Contract terms

Education

Bachelor's degree in business administration

Tools

Gatekeeper

NetSuite

ERP systems

Job description

Dearborn, MI.

Hybrid

Competitive Salary [about $105K] Bonus, Full Benefits, World Class Corporation

Job Summary:

• Responsible for maintaining and enhancing the company’s strategic sourcing function, which includes end-to-end sourcing activities related to software, services and products for a growing digital marketing company in the automotive retail space. The Lead will be primarily focused on sourcing digital marketing and advertising, technology industries and general business activities. This position will continuously improve the strategy and related policies to source products and services that ensure high-quality, favorable commercial terms, cost avoidance, and risk mitigation while driving company growth and business objectives forward.
• This role will assist in providing due diligence, contract and supplier management and support supplier operations with the Security and Privacy teams through onsite supplier assessments. This includes the review and investigation into the capability, capacity and historical performance of the supplier.
• Additionally, the individual will possess excellent financial analytical skills, especially around the area of Total Cost of Ownership (TCO). This person will help assess and articulate price drivers and overall cost to the business owner, finance organization, and the Strategic Sourcing team. The role will be responsible for documenting all cost-savings achieved through their negotiations.
• This position will have a heavy focus on cross-functional involvement and collaboration with the Legal Team to finalize contracts, ensuring favorable terms & conditions are met.
• The ideal candidate will lead and present concise sourcing strategies including supplier recommendations, financial analyses, negotiations, and risks to VP levels and above to support timely decision-making.
• This position is a hybrid role which requires the employee to work in the office Tuesday, Wednesday, and Thursday.

Essential Functions:

• Enhance the business function, providing education and driving the acceptance of the program at all levels of the organization.
• Develop and continually analyze program policies and procedures, implement new procedures, and provide policy interpretation for business units for engaging the sourcing team within corporate guidelines.
• Create benchmarks to measure competitive rates and department’s performance against business objectives; initiate corrective actions where objectives fall short of targets.
• Leverage AI-based tools and technologies to improve efficiency, accuracy, and quality of work within scope of responsibilities.
• Manage assigned indirect spend categories to deliver annual cost savings (both reduction and avoidance) to the business in accordance with the company’s goals.
• Negotiate contracts with selected suppliers to ensure favorable commercial terms & conditions.
• Lead competitive bid events and make sourcing awards.
• Negotiate and issue contract agreements (purchase order terms & conditions).
• Perform invoice tracking throughout the life of approved PO as needed for the Finance department.
• Support Supplier Assessments to help ascertain potential risk of doing business with any new or changing third-party business partners. These assessments will include a financial review, legal matters review, and any security data use or issues that are introduced by a given supplier.

Experience:

• Strategic sourcing role with Marketing and IT-related spend (i.e. advertising, media, market research/analytics, PR, digital, web design, promotional materials, consulting services, staff augmentation or software and related services) (5+ years).
• Contract negotiation (5+ years).
• Demonstrated experience in formulating strategies and driving initiatives (4+ years).
• Digital media, advertising and marketing industries (4+ years).
• Information technology industries, particularly in the software, consulting and staff augmentation space (4+ years).
• ERP systems for purchasing or sourcing applications.

Skills, Knowledge, and Abilities:

• Demonstrated fluency with AI-enabled tools and a working understanding of their appropriate use, limitations and application to job-related tasks.
• Understanding of contractual terms & conditions and the overall impact on the organization.
• Demonstrated ability to build credibility with executive-level stakeholders.
• Demonstrated accomplishments in end-to-end sourcing responsibilities and deliverables.
• Contract Management Systems, ERP Systems, and workflow tools used in sourcing (e.g. Gatekeeper, NetSuite).

Education:

• Bachelor’s degree in business administration or related area