Strategic Sourcing Analyst

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. What is The Role The Analyst, Strategic Sourcing is an individual contributor 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 responsible for leading procurement data analytics, reporting and system administration for various procurement tools. What You Will Be Doing • Review Corporate Services and Marketing & 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. • Create RFP/RFI, Vendor negotiations across a range of Non Technology services. • Manage Review, summarize, and analyze data and present findings in a concise and structured manner. Execute and distribute procurement spend reports according to predefined monthly or quarterly reporting schedules. • 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.) • 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 • Collaborate with cross-functional teams (Finance, Sourcing, P2P etc.) to gather monthly and quarterly data for analysis. • Bring analytical and conceptual skills linking issue resolution to process improvement. • Conduct training on analytical tools and dashboards, as needed. • Build strong relationships with business collaborators and cross-functional partners. • Update/maintain various procurement tools and system configurations, as needed. • Collaborate with IT and various other departments to efficiently manage the procurement systems, as needed.…