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The Wall Street Journal · 4 months ago

Manager of Global Sourcing, Professional Services Category

New York City

Full-time

Onsite

Mid Level

$105K/yr - $125K/yr

3+ years exp

The Wall Street Journal is part of News Corp, a global media and information services company. They are seeking a Manager of Global Sourcing to develop and implement sourcing strategies for the Professional Services Category, collaborating with stakeholders to drive procurement excellence and support strategic sourcing engagements across various business units.

FinanceFinancial ServicesInternet

Responsibilities

Play a supportive role in the development and implementation of multi-year global category plans and/or strategies that drive supplier consolidation and leverage spend across the organization while increasing spend under contract

Collaborate with key stakeholders, team members, and leaders respective to category

Follow structured project management methods and principles to execute complex, long-term category management and strategic sourcing initiatives

Support populating and continuous tracking of Category Performance framework and defining metrics related to it

Help prepare materials with the Category Leader for structured negotiations following the Global Sourcing and Procurement Category Management and Strategic Sourcing methodologies

Support the Category Leader in starting/running program level initiatives that can create benefits such as improving an existing process, execute actions to increase diversity, etc

Support populating category cards detailing overall category strategies, preferred suppliers, and business unit requirements for execution; ensure category health is tracking per strategy/goals/plan

Support the development of 'should cost' and 'total cost of ownership models' for the category; support the strategies & targets set by the Category Management Leader and the Head of Indirect Sourcing

When appropriate, build strong partnerships with key budget owners, functional stakeholders, and strategic suppliers

Be part of multiple cross-functional teams to ensure delivery of values across the procurement process, contribute to the compliance tracking of category specific policies and performance metrics, and support the translation of rapidly evolving category market trends and leading practices into opportunities for News Corp

Maintain strong relationships with internal business partners through regular and consistent communication; building a robust understanding of the strategic business direction, requirements and priorities across assigned suppliers and/or spend categories

Support the development and implementation of global sourcing strategies to deliver against business objectives for internal clients

Support and/or directly evaluate suppliers core competencies and competitive positioning using industry cost models and benchmarking analysis; leveraging key-insights to inform and support the category strategy development process

Apply the fundamentals of sourcing and supplier engagement activities including RFx, spend pattern analysis, contract analysis, bid evaluation, negotiations, and supplier consolidation by working with Execution team members

Under the category leadership, collaborate with business and finance leaders to identify and drive savings and controllership improvements, focusing on total cost of ownership

Maintain procurement ethics in accordance with News Corp’s global policies & methodologies

Support preparing for and holding business reviews with stakeholders to review vendor performance, future opportunities, and/or challenges

Under the category lead’s direction, work with cross-functional internal customers as well as the Business Sourcing Partner to capture detailed business requirements with designated business units, prioritizing business requirements and taking them through approval process; Participate in standardized relationship management processes globally for designated business area(s)

Support maintenance of the contracting database and feeds to the Supplier Relationship Management system

Support or directly negotiate new and renewal contracts with selected suppliers leveraging tools/technology or supplier contract template including, but not limited to Software as a Service, comprehensive Master Services Agreements, Master License and Service Agreement, Statement of Work, Amendments, etc. and negotiation of global preferred supplier agreements, following the legal guidelines

Support/coordinate the execution of the SOWs of complex and strategic nature through creation to approval

Identify escalations for the Information Security and legal/privacy department accordingly

Maintain up-to-date repository of contracts and status of projects in respective systems

Qualification

Strategic sourcingProject managementNegotiationData analyticsSupplier managementCategory managementRisk assessmentContract managementLegal knowledgeESourcing toolsCommunication skillsCritical thinkingCustomer focusTeam collaboration

Required

Bachelor of Arts or Sciences Degree or equivalent experience required

Minimum 3 years of strategic sourcing and/or equivalent experience required

Experience working in a large, global, highly matrixed organization, and works easily in multi-business unit project settings; able to facilitate teamwork across corporate boundaries

Embraces critical thinking and applies fact‐based decision making; naturally seeks to leverage and/or integrate market data, spend analytics, and cost modeling

Proven written and oral communicator, with strategic, analytical, and interpersonal skills to act as an effective change agent, unlocking barriers to value for priority spend categories

Competent negotiator with proven experience in setting negotiation strategies and conducting negotiations

Strong project management skills, including adhering to stakeholder timelines, and meeting management skills

Fundamental understanding of, and experience with, multi-step strategic sourcing processes and category management strategies

Experienced at identifying and assessing risk and concisely explaining complex issues to principal business owners

Extremely customer-focused, taking the time to understand the needs of the business

Basic knowledge of the standard types of commercial agreement structures and the function and purpose of key legal terms. Understanding of legal terms and implications; ability to redline contracts aligned with legal guidelines

Ability to accomplish results through others, particularly by establishing relationships, effective controls and monitoring processes

Proficient in using eSourcing tools including eRFx, reverse auctions, project management tools, and contract management tools Ariba or similar (sourcing and contracting), ServiceNow, Oracle, SAP, etc

Ability to travel (up to 10%) – facility site visits and internal/external meetings as required