Innovate in Bengaluru

This position is based at our on-site office in Bengaluru. Lowe's offers an ultramodern work environment, complete with cutting-edge technology, collaborative workspaces, an on-site gym and clinic, and other perks to enhance your work experience. 

About Lowe's

Lowe's is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

About Lowe's India

Lowe's India, the Global Capability Center of Lowe's Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe's India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India

About The Team

This position is part of Enterprise Strategic Sourcing Team, which has the responsibility to manage Indirect spend for Lowe's India. This position will manage the various responsibilities related to procurement of IT (Hardware, Software, Equipment - Telecom, Networks, Printers, and Consulting solutions) products and services from third parties. Lead will coordinate with various stakeholders involved in procure to pay activities - primarily with Business/ Functional team members, Legal, Finance, Vendors, etc.

Job Summary

This role is to provide the necessary support to ensure timely purchase of materials and/or services, contracting & issuance of purchase orders. This includes responsibility of reviewing purchase requisitions, understanding the requirement, sourcing, negotiation, vendor finalization, preparing comparatives, coordinating for contracting and defining scope of work, on time renewal of contracts, creation and issuance of purchase orders, delivery follow up, reconciliation, reporting, etc. This role is also expected to drive measurable improvement areas within the category sourcing, contracting, purchasing and digitalization efforts.

Roles & Responsibilities

Core Responsibilities:

Reviewing Purchase Requisitions for it's correctness and understand the requirement in detail
Sourcing, processing RFx, preparing comparatives and vendor finalization
Contracting, creating Purchase Orders after the approved PR
Coordinating for PO approval, PO issuance and delivery follow ups
Facilitating reconciliation as applicable for outstanding delivery of materials/ services, invoices, etc.
Demonstrate a solid understanding of legal terminology and draft and/or revise a variety of contracts with vendors
Provide advice and guidance to the different teams relating to contract drafting. Also keep a track record of contracts in progress & completed within the categories assigned
Competency in integrated supply chain management software, like Microsoft Dynamics, Coupa, etc.
Advanced knowledge of supply chain, procurement, contracting, logistics and payment process.
Identify opportunities to improve business processes and devise plans to implement these changes
Resolving day-to-day supply chain issues and promoting operational consistency.
Vendor Management - Manage tactical vendors regarding onboarding, offboarding, performance, and contract compliance
Support the development of vendor performance scorecards in partnership with functional, business and analytics teams
Support the development and facilitation of presentation materials that are clear and effective to clearly communicate engagement objectives and expectations to vendors and cross-functional stakeholders
Partner with internal teams as needed (Plan, Execute and support) to ensure requirements and quality standards are met for sourcing efforts in assigned areas
Partner with key internal resources to ensure an effective negotiating strategy is set and aligned to business requirements to obtain the best overall value based on performance
Support the development of category strategies and approaches that are aligned to business plans and responsible for the execution of those strategies and delivery of savings
Maintain and update the vendor database and key information
Identify and escalate risks, issues, and other action items of vendors
Monitor the tracking of deliverables and contractual obligations
Execute and troubleshoot the full lifecycle for purchase operations from order entry, receipts (as needed), invoicing and ongoing business/vendor support accurately, timely, and in accordance with Lowe's policies and procedures and proper audit trail
Ensure vendor payments are made accurately, timely and have proper supporting details
Make continuous improvement to the process
Be accountable for results

Years Of Experience

7+ years of experience in Sourcing, Procurement and Contracting

Education Qualification & Certifications (optional)

Required Minimum Qualifications

Bachelor's degree, candidates with required skills and certification in supply management (CPSM, CIPS etc.) will be preferred

Skill Set Required

Experience in drafting, reviewing and negotiating global agreements
IT category management experience
Demonstrate knowledge in tax, contracts, ITAM (HAM/SAM) and software commercial licensing construct
Strong communication and interpersonal skills to build effective relationships with stakeholders
Ability to influence senior stake holders and cross functional teams to drive agenda
A team player with ability to work with people from all corporate levels
Strong business understanding and know-how
Strong knowledge of advanced MS Excel/ MS Office
Strong data collection, collation and representation skills
Excellent problem solving and analytical skills - Ability to interpret data and trends, diagnose problems, and formulate effective action plans to resolve issues.
Customer and service centric mind set, placing the user at the heart of the solution
Able to multi-task and respond quickly and effectively to the challenges faced in a fast-paced environment, work well under pressure, able to plan and prioritize workload
Strong liaising, project management, co-ordination, planning and facilitating skills
Flexible to adapt to work time needs as required by stakeholders (Shift Timing: 2PM to 11PM)

Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.

Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.

Lead Strategic Sourcing