Technology Sourcing
3 weeks ago
*W2
*US Citizen/Green Card
*Location: Hearst Tower, New York, NY 10019
*Hybrid: Onsite 2 days – Tuesdays and any other workday of choice
You:
- Looking for an analyst who would be very involved with contract and negotiations process with vendors and relationship management with stakeholders.
- Not looking for a procurement manager.
Overview:
- The Technology Sourcing & Vendor Management Analyst role is pivotal in ensuring we maximizes the benefits derived from our strategic alliances with technology partners and vendors.
- This opportunity offers engagement with diverse business stakeholders across industries such as media, healthcare, and finance.
Responsibilities:
- Strategic Procurement: Identify, assess, and procure technology-related products and services vital to our organizational functions.
- Perform comprehensive modeling: Assess project costs and benefits utilizing standard methodologies, including understanding historical price trends, total cost of ownership, should-cost modeling, Benchmarking and other to ensure the delivery of optimal value for our organization.
- Stakeholder Collaboration: Engage with internal stakeholders to understand market dynamics, conduct negotiations, and uphold Hearst standards while ensuring cost-effectiveness.
- Global Technology Negotiations: Run negotiations for comprehensive technology agreements spanning IT commodities like hardware, software, cloud, and managed services. Strive for cost savings, favorable payment terms, and added value from vendor agreements.
- Vendor Management Tools Oversight: Maintain the accuracy and efficiency of Vendor Management tools like Salesforce and SharePoint, crucial for negotiation and process management.
What we are looking for:
- Bachelor’s degree in Business Administration, Supply Chain Management, IT, or a related field, or equivalent experience.
- Proven experience (5 years) in technology procurement, vendor management, or strategic sourcing within the tech industry.
- Knowledge of financial accounting, pricing, strategic sourcing, and vendor management concepts
- Exceptional negotiation, analytical, communication, and presentation skills
- Deep understanding of IT products, services, and market trends.
- Ability to develop strong relationships with business partners and strategic vendors.
- Strategic mindset and passion for efficiency, simplification, and outstanding results
- Proficient in MS Office Suite, particularly in Excel to execute RFx modelling and financial models.
- Technology-savvy to leverage eProcurement and eSourcing tools including but not limited to: Oracle, Spend Analysis tools, Salesforce.
- Proficiency in contract management and evaluation methodologies.
- Familiarity with legal and regulatory aspects linked to procurement.
- Ability to perform in a fast-paced, goal-oriented, and time-sensitive environment.
- Familiarity with a variety of Technology vendor concepts, practices, and procedures.
Reporting Structure:
- This role reports directly to the Senior Director of the Technology Sourcing & Vendor Management team.
Key relationships:
- Business Unit IT Senior Level Customers, HTS Leadership, Finance, Legal, Corporate Procurement, and Asset Management
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