Sr. Sourcing Analyst, at PayPal Inc. Chicago, Illinois

Summary

Sr. Sourcing Analyst, Technology

The Sr. Sourcing Analyst, Technology is accountable for developing, managing and executing the sourcing strategy for IT procurement categories (such as Hardware, Software, Cloud based solutions, Storage, Telecom and Data Center related services) in North America. Essential Responsibilities:

• Develop and implement strategic sourcing plans that align with PayPal's overall business objectives and procurement strategies.
• Conduct comprehensive category and supplier analysis to identify opportunities for cost savings, risk mitigation, and performance improvement.
• Lead negotiations with suppliers to secure favorable terms, pricing, and service levels, ensuring optimal value for PayPal.
• Manage supplier relationships to ensure high-quality performance, compliance with contractual obligations, and continuous improvement.
• Collaborate with cross-functional teams to understand business needs, gather requirements, and develop sourcing strategies that support organizational goals.
• Monitor market trends and industry developments to identify potential risks and opportunities in the procurement landscape.
• Evaluate and select vendors based on thorough research, assessment, and alignment with PayPal's strategic goals and quality standards.
• Develop and maintain procurement policies and procedures to ensure compliance with internal and external regulations.
• Analyze spend data and procurement metrics to track performance, identify areas for improvement, and report findings to senior management.
• Provide guidance and mentorship to junior analysts and other team members, fostering a culture of continuous learning and professional development.

Minimum Qualifications:

• 3+ years relevant experience and a Bachelor's degree OR Any equivalent combination of education and experience.

Pay Range: Primary Location | ($76,500.00 - $109,450.00 Annually) Additional Location(s) | ($80,500.00 - $114,950.00 Annually)

Job Description

Sr. Sourcing Analyst, Technology

The Sr. Sourcing Analyst, Technology is accountable for developing, managing and executing the sourcing strategy for IT procurement categories (such as Hardware, Software, Cloud based solutions, Storage, Telecom and Data Center related services) in North America. Essential Responsibilities:

• Develop and implement strategic sourcing plans that align with PayPal's overall business objectives and procurement strategies.
• Conduct comprehensive category and supplier analysis to identify opportunities for cost savings, risk mitigation, and performance improvement.
• Lead negotiations with suppliers to secure favorable terms, pricing, and service levels, ensuring optimal value for PayPal.
• Manage supplier relationships to ensure high-quality performance, compliance with contractual obligations, and continuous improvement.
• Collaborate with cross-functional teams to understand business needs, gather requirements, and develop sourcing strategies that support organizational goals.
• Monitor market trends and industry developments to identify potential risks and opportunities in the procurement landscape.
• Evaluate and select vendors based on thorough research, assessment, and alignment with PayPal's strategic goals and quality standards.
• Develop and maintain procurement policies and procedures to ensure compliance with internal and external regulations.
• Analyze spend data and procurement metrics to track performance, identify areas for improvement, and report findings to senior management.
• Provide guidance and mentorship to junior analysts and other team members, fostering a culture of continuous learning and professional development.

Minimum Qualifications:

• 3+ years relevant experience and a Bachelor's degree OR Any equivalent combination of education and experience.

Pay Range: Primary Location | ($76,500.00 - $109,450.00 Annually) Additional Location(s) | ($80,500.00 - $114,950.00 Annually)