Verizon Hiring for Specialist Sourcing at Chennai, Tamil Nadu, India Full Time

Job Description

When you join Verizon

Verizon is a leading provider of technology, communications, information and entertainment products, transforming the way we connect across the globe. We’re a diverse network of people driven by our ambition and united in our shared purpose to shape a better future. Here, we have the ability to learn and grow at the speed of technology, and the space to create within every role. Together, we are moving the world forward – and you can too. Dream it. Build it. Do it here.

What you’ll be doing…

At Verizon, you can work for a company that takes on the world’s toughest challenges. We’re creating solutions that help businesses optimize their operations, families connect from anywhere, and whole communities leave smaller, greener footprints. It takes vision. It takes focus. That’s why we’re bringing together the brightest minds and latest technologies – to push boundaries, drive real change, and create a brighter future for all. This is the kind of work we do. And you can be part of it. Strategic Sourcing Specialist position is responsible for the development and execution of sourcing strategies to use relationships across the enterprise to achieve the best total value. You’ll be required to effectively manage the seven steps of the sourcing process including Spend analysis, Market Research, Supplier Due Diligence, Sourcing Strategy, RFX Management, Bid Analysis and Contract Management and Supplier Performance Management. You’ll be creating sourcing strategies that get us the materials and services we need, at the right price, time, and quality; and in parallel mitigate risk. Our purchasing power combined with your skills and expertise will help us maintain our market-leading position. Play an important role in making our Supply Chain practice a World-Class organization.

• Working in an Agile way, switching between categories with a large supply base to meet business demands.
• Identifying and evaluating the potential suppliers, core competencies using industry cost models, RFX development and execution, proposal evaluation, total cost of ownership, and supplier selection recommendation (upon partner approval and completion of successful negotiation and contracting).
• Performing analysis of financial and business data related to supplier proposals and capability assessments to support the development of Verizon supply base, including ownership and management of key suppliers and partners.
• Developing, managing and leading the cross-functional teams (CFT), running strategic sourcing processes, contract negotiation, contract administration including utilizing sourcing systems, supervising supplier performance, analyzing financial data, business planning, administration, and analysis.
• Leading negotiations on the contract terms with the suppliers at Senior Management level and executing the contract in liaison with the Legal and Contract Management Team that bring in best possible cost service guarantee and develop “win-win” strategies that achieve sustainable relationships with suppliers.
• Executing supplier relationship management activities for key assigned suppliers within the assigned categories, with oversight regarding supplier relationship management.

What we’re looking for…

You are self-driven, great at networking and an absolute team player. You are adaptable and thrive in a changing and dynamic environment and can work with diverse individuals collaboratively. You will also be an excellent relationship builder with good interpersonal skills. You’ll need to have:

• Bachelor’s degree or four or more years of work experience.
• Four or more years of relevant work experience.
• Knowledge of the legal language, terminologies related to contracting.
• Willingness to work a flexible shift to meet project completion requirements.
• Willingness to continuously learn new tools, solutions, and emerging technologies.

Even better if you have one or more of the following:

• Master’s degree.
• Four or more years of experience in Strategic Sourcing.
• Certifications in CPSM/CPM/CIPS/CSCP.
• Ability to draft the Statement of works/Master agreements/Amendments independently.
• Lean Six Sigma experience.
• Experience in Ariba, SAP, Google Suite & Microsoft Suite applications.
• Ability to lead meetings/conference calls and give presentations to large audiences.
• Knowledge of data analysis, forecasting tools and ability to develop measurable insights from data.

Why Verizon? Verizon is committed to maintaining a Total Rewards package which is competitive, valued by our employees, and differentiates us as an Employer of Choice.

• We are a ‘pay for performance’ company and your contribution is rewarded through competitive salaries, performance-based incentives and an employee Stock Program. We create an opportunity for us all to share in the success of Verizon and the value we help to create through this broad-based discretionary equity award program.
• Your benefits are market competitive and delivered by some of the best providers.
• You are provided with a full spectrum of health and wellbeing resources, including a first in-class Employee Assistance Program, to empower you to make positive health decisions.
• We offer generous paid time off benefits to help you manage your work life balance and opportunities for flexible working arrangements*.
• Verizon provides training and development for all levels, to help you enhance your skills and develop your career, from funding towards education assistance, award-winning training, online development tools and access to industry research.
• You will be able to take part in volunteering opportunities as part of our environmental, community and sustainability commitment.

Your benefits package will vary depending on the country in which you work.

• subject to business approval