Jobs / India / WPP 2005 Limited
Sourcing and Procurement Analyst (Strategic Sourcing)
WPP 2005 Limited · 🌍 Mumbai, India
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About the role
WPP is the trusted growth partner for the world’s leading brands. We unite cutting-edge media intelligence and data solutions, world-class creativity, next-generation production, transformative enterprise solutions and expert strategic counsel in a single company – powered by exceptional talent and our agentic marketing platform, WPP Open, to help our clients navigate change, capture opportunity and deliver transformational growth. We work with the world's most valuable brands and have global reach across 100+ markets, with deep local expertise. Our people are the key to our success. We're committed to fostering a culture of creativity, belonging and continuous learning, attracting and developing the brightest talent, and providing exciting career opportunities that help our people grow. For more information, visit WPP.com. Purpose of Role - Conducting Strategic Sourcing, Market Intelligence, Opportunity Assessment, Spend Analytics, Contract Analytics, Category Strategy development support, Contract Extension & Renewals, spot buys, tactical sourcing, market engagement and buying channel optimization, tail spend management, executing projects through GEP S2C platform, perform risk, governance & compliance checks, supporting procurement operations etc. and thereby optimize the way we source & procure and generate value. What you'll be doing - • Should be proficient in Strategic Sourcing: Analyzing spend data, creating internal & external category profiles, Market intelligence reports, Opportunity assessments, devising category strategies, identifying sourcing levers for respective market categories, analyzing costing for a product or service, conduct structured supplier negotiations, understand the nuances of contracting and execute the same with suppliers in co-ordination with legal teams, managing statutory compliances and sustainability requirements etc. • Executing projects through GEP Source to Contract platform, performing procurement risk, governance & compliance activities, supporting procurement operational activities etc. • Experience working in reputed S2C platforms shall be appreciated specifically GEP S2C. • Day to day performance of procurement activities, managing workloads and priorities, co-ordinate with the team and escalating/reporting to sourcing & procurement manager on a regular basis. • Ensure high-quality stakeholder engagement both internal (procurement) & external (suppliers, agencies, business contacts). • Support Team Lead in managing agreed objectives/deliverables and provide timely & appropriate updates until project closure. • Collecting, communicating and documenting requirements from stakeholders. • Execute strategic sourcing projects in co-ordination with category teams and sourcing & procurement manager. • Analyze buying patterns, volumes to determine appropriate buying channel e.g. catalogue, P-card, PO purchase etc. • Providing specialist administrative support from beginning to end of a tendering project/RFP ensuring the integrity of the process. • Keeping an audit trail for each project and ensuring required documentation is in place. • Providing a professional, efficient and effective response to stakeholders when handling clarification questions and responding to other enquiries. Competencies, Knowledge and Experience - Digital Dexterity, Collaboration, Critical Thinking, Developing Self (Learning to Learn) Curiosity, Creativity and Innovation, Stakeholder Management and Business, Partnership, Strategic Business Acumen, Responsible Procurement, Managing Supplier Relationships, Contract Development, Negotiation, Contract and Performance Management, Change Management, Leadership, Strategic Sourcing, Managing and Developing People, Category Planning. What you'll need: • Pro