Company Overview
Sleep Number is a sleep wellness technology leader. For nearly four decades, we have placed sleep at the center of wellbeing, improving over 15 million lives with our Sleep Number smart beds. We are guided by our purpose – to improve the health and wellbeing of society through higher quality sleep. This is exemplified through our 4,000+ mission-driven team members who passionately innovate to drive value creation through our vertically integrated business model, owning the process from start to finish, including selling in our over 650 stores nationwide.
Our team members are encouraged to bring their whole selves to work, sharing their unique perspectives, backgrounds and skills with Sleep Number every day. Whether you are entering, returning or experienced in the workforce, we have a place for you. We hope you join us in creating the future through higher quality sleep.
Position Purpose
As a Senior Sourcing Analyst, you will lead cross-functional partners to write and implement SLAs and critical vendor performance processes in alignment with business needs, focused on transportation and distribution needs. You will also support and manage RFx processes and provide contract status reports to stakeholders.
Primary Responsibilities
- Prepare and manage the negotiation process utilizing RFIs, RFPs and RFQs (effectively utilizing sourcing technology).
- Develop negotiation strategy, fallback positions, and execute contracts terms and conditions that meet sourcing strategy goals and company risk allocation requirements.
- Utilize robust communication mechanisms with business teams to gather their business requirements, present negotiation results and facilitate supplier selection recommendations.
- Drive sourcing and contract negotiation processes to closure.
- Work closely with business teams to gain a foundational understanding of their goals/processes and ensure sourcing strategies align.
- Maintain knowledge of market trends including rigorous analysis of market drivers, cost structures and technical improvements for assigned categories.
- Ensure pricing levels are at a reasonable value for products and services being purchased.
- Generate regular metrics on spend influence, negotiated saves and vendor utilization.
- Ensure sourcing processes and outcomes comply with related company policies.
- Partner with in-house counsel to navigate complex terms and secure appropriate approvals.
- Partner with Information Security and the Architecture Review Board to ensure alignment to data security approvals and technology roadmap.
- Assist with Indirect Sourcing process improvements and SOP development.
- Write and implement SLAs and critical vendor performance processes in alignment with business team needs
Position Requirements
- Bachelor's degree in Finance, Business Management, or similar, or equivalent work experience.
- 5+ years of experience leading cross functional sourcing projects, strategic sourcing, procurement or analytics, specifically within the transportation and distribution categories.
Knowledge, Skills, & Abilities
- Experience with contract terms and conditions, Statements of Work, Service Schedules, SLAs, supplier performance KPIs desired.
- Direct experience within, or supporting, Transportation and Distribution Operations a plus
- Proven negotiation, 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.
- Familiarity with contract management, data security, and AI utilized in a business setting.
Working Conditions:
- Hybrid schedule: three days in the office, two days remote.
- Standard business hours, Monday-Friday, with occasional evening or weekend support as needed.
#PIQ
Salary Pay Range: $82,700.00 -$110,300.00
Wellbeing
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.
Safety
Safety is a top priority for Sleep Number supporting customers and team members wellbeing. We are committed to maintaining a safe and healthy work environment for all team members that are consistent with CDC guidelines, U.S. Department of Labor’s Occupational Safety and Health 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.
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