Strategic Sourcing Analyst

<div class="content-intro"><p>Elastic, the Search AI Company, enables everyone to find the answers they need in real time, using all their data, at scale — unleashing the potential of businesses and people. The Elastic Search AI Platform, used by more than 50% of the Fortune 500, brings together the precision of search and the intelligence of AI to enable everyone to accelerate the results that matter. By taking advantage of all structured and unstructured data — securing and protecting private information more effectively — Elastic’s complete, cloud-based solutions for search, security, and observability help organizations deliver on the promise of AI.</p></div><h3><strong>What is The Role</strong></h3> <p><span data-offset-key="g6t9-0-0"><span data-text="true">The Analyst, Strategic Sourcing is an </span></span><span data-offset-key="g6t9-0-1"><span data-text="true">individual contributor</span></span><span data-offset-key="g6t9-0-2"><span data-text="true"> role and will report to the Senior Manager, Strategic Sourcing in India. The Analyst will work closely with the Global Sourcing and Procurement teams in India and North America. You will be </span></span><span id="popover-trigger-:r16:" class="chakra-text css-8zk7oi"><span data-offset-key="g6t9-1-0"><span data-text="true">responsible for</span></span></span><span data-offset-key="g6t9-2-0"><span data-text="true"> leading procurement data analytics, reporting and system administration for various procurement tools.</span></span></p> <h3><strong>What You Will Be Doing</strong></h3> <ul> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-reset public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="8jf00-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="8jf00-0-0"><span data-offset-key="8jf00-0-0"><span data-text="true">Review Corporate Services and Marketing &amp; Events contracts in close collaboration with Legal, Cross-functional Team and Sourcing leads, ensuring agreements align with business needs and risk frameworks. You’ll partner with in-house counsel to navigate complex terms and secure appropriate approvals.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="i760-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="i760-0-0"><span data-offset-key="i760-0-0"><span data-text="true">Create RFP/RFI, Vendor negotiations across a range of Non Technology services.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="5hetk-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="5hetk-0-0"><span data-offset-key="5hetk-0-0"><span data-text="true">Manage <$100k deals and tail spend.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="esg8c-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="esg8c-0-0"><span data-offset-key="esg8c-0-0"><span data-text="true">Review, summarize, and </span></span><span id="popover-trigger-:r18:" class="chakra-text css-1j6t0d7"><span data-offset-key="esg8c-1-0"><span data-text="true">analyze</span></span></span><span data-offset-key="esg8c-2-0"><span data-text="true"> data and present findings in a concise and structured manner. Execute and distribute procurement spend reports according to predefined monthly or quarterly reporting schedules.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="c3v12-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="c3v12-0-0"><span data-offset-key="c3v12-0-0"><span data-text="true">Create and communicate critical metrics reports on a regular basis based on a defined list of critical metrics (Cost Savings, Procurement Influence, Payment Terms etc.)</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="58ha9-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="58ha9-0-0"><span data-offset-key="58ha9-0-0"><span data-text="true">Support Sourcing Strategy and procurement optimization processes by providing data insights and recommendations. Perform procurement analytics to deliver useful insights to larger procurement team to enable significant business impact</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="6p82u-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="6p82u-0-0"><span data-offset-key="6p82u-0-0"><span data-text="true">Collaborate with cross-functional teams (Finance, Sourcing, P2P etc.) to gather monthly and quarterly data for analysis.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="8egkc-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="8egkc-0-0"><span data-offset-key="8egkc-0-0"><span data-text="true">Bring analytical and conceptual skills linking issue resolution to process improvement.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="c8dlh-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="c8dlh-0-0"><span data-offset-key="c8dlh-0-0"><span data-text="true">Conduct training on analytical tools and dashboards, as needed.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="6osod-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="6osod-0-0"><span data-offset-key="6osod-0-0"><span data-text="true">Build </span></span><span id="popover-trigger-:r1a:" class="chakra-text css-1j6t0d7"><span data-offset-key="6osod-1-0"><span data-text="true">strong</span></span></span><span data-offset-key="6osod-2-0"><span data-text="true"> relationships with business collaborators and cross-functional partners.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="d6jsm-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="d6jsm-0-0"><span data-offset-key="d6jsm-0-0"><span data-text="true">Update/maintain various procurement tools and system configurations, as needed.</span></span></div> </li> <li class="public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR" data-block="true" data-editor="b8smd" data-offset-key="dc31-0-0"> <div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="dc31-0-0"><span data-offset-key="dc31-0-0"><span data-text="true">Collaborate with IT and various other departments to </span></span><span id="popover-