Strategic Sourcing Manager

Summary

Join Stripe's Procurement team as a Strategic Sourcing Manager and drive organizational transformation. You will develop and execute strategic sourcing plans, lead supplier selection and contract negotiations, conduct market research, and champion third-party risk programs. This role requires strong analytical, problem-solving, and communication skills, along with experience in indirect sourcing and category management. You will collaborate with cross-functional teams to optimize procurement processes and achieve cost savings. Success in this position demands proven negotiation skills and a track record of achieving significant cost savings. The ideal candidate will possess a solution-oriented mindset and thrive in a fast-paced environment.

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
• Excellent communication and organizational skills, both written and verbal, with the ability to represent Stripe effectively by interfacing with and influencing experienced business leaders
• Demonstrated experience successfully partnering with cross-functional stakeholders

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

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