Tech & Product Strategic Sourcing Specialist

Job Title

Sourcing Professional

Job Description

We are looking for an experienced Sourcing professional to focus on establishing trusted business partner relationships in the technology space at Stripe with a "users first" approach to ensure early and active participation across the full lifecycle of strategic sourcing and procurement, including: category planning, sourcing strategies, RFx execution, supplier evaluation and selection, contract negotiations and management, and continuous improvements. You will play a critical role in ensuring Stripe's procurement aligns with our operational principles by contributing to our sustainable growth while fostering strong, ethical supplier relationships. Experience with complex software negotiations is required.

Responsibilities

Develop and execute strategic sourcing plans for designated categories, identifying opportunities for cost reduction, quality improvement, and process efficiencies

Lead supplier selection, assessment, and contract negotiation processes, ensuring compliance with Stripe's policies and risk management protocols

Conduct market research and analysis to inform category strategies and stay ahead of industry trends

Be an active champion across the company supporting our third party risk programs and fiscal initiatives when engaging in Procurement activities

Deliver on strategic sourcing management goals including cost savings and spend under management, and implement any necessary process enhancements to ensure that those goals are achieved

Evaluate existing supplier base and identify rationalization and/or RFx opportunities in partnership with business teams and Finance, allowing Stripe to maximize negotiating leverage

Work closely with internal teams to drive enterprise-level procurement solutions and increase supplier management effectiveness

Participate in establishing short-term and long range planning and budget development of the company to support strategic business goals

Help to develop and execute a roadmap to build and scale an impactful Strategic Sourcing & Category Management function that Stripes recognize and value

Minimum Requirements

A minimum of 8 years of experience in indirect sourcing, procurement, category management, or a related field

Demonstrated ability to develop and implement strategic sourcing and category management strategies

Proven negotiation skills and a track record of achieving significant cost savings and supplier value without compromising on quality or service

Strong analytical and problem-solving skills, with the ability to manage and interpret complex data

Experience in supplier contracting with a solid understanding of standard commercial terms and conditions to mitigate risks and create clear service level agreements

Leadership and stakeholder management skills with the ability to elevate ambitions and influence cross-functional and internal team members

Preferred Qualifications

Solution-oriented mindset with enthusiasm for establishing best practice

Self-disciplined, diligent, proactive and detail oriented

Comfort with a rapid pace of change, complexity, and working across matrixed functions, preferably within a fast-paced technology or financial services environment

Strategic mindset with the ability to make sound business decisions based on data and analytics

Understanding or experience with e-procurement tools and systems (e.g., Zip, Workday Strategic Sourcing, Oracle, etc.)

Familiarity with the fintech industry and its supply chain and procurement challenges