Technology Sourcing Specialist

Description & Requirements

• The Technology Sourcing Specialist will source the Firm's required products and services at the right price under favourable terms and conditions from the appropriate vendors ensuring the Firm's budget is spent in the most cost-effective and efficient means possible.
• Main Responsibilities:
• Work with Procurement Manager(s) to maintain the procurement lifecycle strategy including monitoring annual contract renewals and application of standard Procurement policies and procedures.
• Review and manage new product and service contracts to ensure compliance with the Firm’s standard contract terms and the Firm's General Counsel requirements, as assigned by the Procurement Manager(s).
• Maintain open communication with procurement internal customers as necessary to identify and document business requirements for procurement initiatives, including resolving internal and vendor-related issues.
• Work with Procurement Manager(s) to effectively manage the vendor landscape to identify cost-saving opportunities through spend aggregation, negotiated cost reductions, or cost avoidance.
• Develop and maintain a broad understanding of the assigned procurement category and/or industry through the assessment of emerging and changing business and technical needs, as well as industry best practices.
• Support the Procurement Manager(s) with reporting, analysis, and project initiatives of the department.
• Prepare and issue solicitation documents such as Requests for Proposals (RFPs), Requests for Information (RFIs), and bids as assigned.
• Ensure adherence to documented Global Procurement policies, procedures, and processes.
• Demonstrate continuous effort to improve operations, decrease turnaround times, and streamline work processes.
• Leverage technology and a creative thinking approach to develop cost-effective solutions and automation of Procurement processes.
• Identify and initiate contact with potential suppliers as necessary to maintain efficiency for procuring solutions, as assigned.
• Assist with the development of vendor performance metrics for use in the selection of repeat or new business partners, as assigned by the Procurement Manager(s).
• Communicate status on issues and opportunities to internal and external management and suppliers.