Senior Sourcing Analyst

Company Overview

Sleep Number team members are part of a passionate, purpose-driven culture that supports improving the health and wellbeing of society through higher quality sleep. We are not just focused on our customers, however; being employed by Sleep Number means your personal wellbeing is important, too. As we continue to grow, we are looking for team members who will bring their unique personalities, backgrounds, and skills to work. Whether you are entering, returning, or experienced in the workforce, we have a place for you.

In our 35+ years in the industry we have improved over 14 million lives, and we are just getting started. With 5,000+ team members nationwide supporting work disciplines from technology to manufacturing, retail stores to field services technicians, corporate teams to customer service, we are a sleep innovation leader because of our team members. Now is a great time to join us as we invest further in our people and sleep innovation. #TeamSleepNumber

Position Purpose

The Senior Sourcing Analyst will lead cross-functional partners to write and implement SLAs and critical vendor performance processes in alignment with business risk-management needs, support and manage RFx processes and provide contract status reports to stakeholders. They will also embed those SLA and risk mitigation requirements into RFP processes and contract obligations as appropriate.

Primary Responsibilities

• Work with IT business partners to develop critical vendor vetting/selection and management processes that result in excellent service, long-term innovation, continuous improvement, and collaboration commitments.
• Build strong partnerships with internal stakeholders to provide functional expertise and partner with Legal, Compliance, Finance, and Information Security to support adherence to applicable policies.
• Lead research and analysis efforts to facilitate good business decisions
• Assist with Indirect Sourcing tool implementations and SOP development
• Ensure competitive sourcing processes are utilized leading to continuous improvement in quality, cost, services and technology.
• Prepare and manage the negotiation process utilizing RFIs, RFPs and RFQs. Develop negotiation approach, fallback positions, and execution of contracts terms and conditions meeting company risk requirements.
• Maintain knowledge of market trends including rigorous analysis of market drivers, cost structures and technical improvements for assigned industries. Ensure pricing levels are at reasonable value for products and services being purchased.
• Utilize robust communication mechanisms with internal teams to gather their business requirements, present RFx results and supplier selection recommendations and drive sourcing process to closure.
• Ensure compliance to related company policies.

Position Requirements

• 5+ years of experience leading cross-functional/project teams
• 3+ years of experience negotiating contracts
• Bachelor's degree in relevant area (e.g. finance, business management, IT)
• Ability to manage projects, adapt to changing priorities and multiple deadlines quickly
• Applicable analytical experience and expertise, include excel skills
• Ability to communicate effectively and influence cross-functional team members, as well as external contacts
• Proven, analytical, problem solving and project management skills
• Excellent Interpersonal, written and verbal communication skills
• Business negotiation experience or applicable experience where similar skills are required
• Exposure to contract terms and conditions, Statements of Work, Service Schedules, SLAs, supplier performance KPIs desired
• Strong relationship management skills with ability to effectively influence all levels of the organization
• Ability to collect, analyze, interpret and communicate complex information
• Ability to manage multiple priority negotiations or projects simultaneously

Wellbeing

Our company's purpose is to improve the health and wellbeing of society.

Wellbeing is more than a catchphrase - it's a movement that permeates our company and through our team members. We are dedicated to enhancing and supporting the wellbeing of our team members and their families through benefits, programs, and resources across our five wellbeing pillars of emotional, financial, career, community, and physical health, with sleep at the center.

By joining our team, in addition to offering competitive pay programs, we are proud to offer eligible team members an extensive benefits package including, but not limited to medical and pharmacy benefits, dental, life and disability insurance, a matched 401(k) Plan, paid time off, and much more.

Examples of how we invest in your wellbeing:

• Sleep - Our 360® smart bed for team members, and discounts on our innovations and sleep solutions for yourself and friends and family throughout the year.
• Physical - Wide range of wellbeing resources and services through our medical plans to improve your physical health.
• Emotional - Access to mental health resources, caregiving support, paid time off and parental leave to support your emotional wellbeing. Work for your day flexibility, available for select corporate roles.
• Financial - Competitive base and variable pay programs, ability to save for the future through a matched 401(k) plan and financial support to recover from an illness or injury.
• Community - Paid time off for volunteering and connections to our communities through our Diversity, Equity & Inclusion initiatives, and support for charitable causes.
• Career - Opportunities for career development and continuous learning, including a tuition reimbursement program.

Safety

Safety is a top priority for Sleep Number supporting customers and team members wellbeing. COVID-19 Precaution(s) are in place consistent with CDC guidelines, U.S. Department of Labor's Occupational Health & Safety Administration (OSHA), and state/local laws.

EEO Statement

Sleep Number is an equal opportunity employer. We are committed to recruiting, hiring and promoting qualified people and prohibit discrimination based on race, color, marital status, religion, sex (including gender, gender identity, gender expression, transgender status, pregnancy, childbirth, and medical conditions related to pregnancy or childbirth), sexual orientation, age, national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state, or local law.

Americans with Disabilities Act (ADA)

It is Sleep Number's policy to provide reasonable accommodations to qualified individuals with disabilities during the application process, consistent with applicable law. We may require supporting medical or religious documentation where applicable and permissible by law. If you are a qualified individual, you may request a reasonable accommodation at any time during the selection process, including if you are unable or otherwise limited in your ability to access open roles here.