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 Procurement Specialist, Strategic Sourcing is an individual contributor role and will report to the Senior Manager, Strategic Sourcing in India. The Specialist will work closely with the Global Sourcing and Procurement teams in India and North America. This role involves analyzing market trends, leading competitive bidding processes (RFXs), negotiating high-value contracts, and handling key supplier relationships. The ideal candidate is a data-driven negotiator who excels at cross-functional collaboration and long-term value creation
What You Will Be Doing Review Corporate Services and Marketing & Events contracts in close collaboration with Legal, Cross-functional Team and Sourcing teams, ensuring agreements align with business needs and risk frameworks
Partner with in-house counsel to navigate complex terms and secure appropriate approvals. Lead tail spend requests and reporting for various procurement tools
Lead the preparation and execution of RFI, RFP, and RFQ. Evaluate vendor proposals and present recommendations to stakeholders
Vendor contract negotiations across a range of Non Technology services request
Create and communicate 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 Partner closely with internal stakeholders (Legal, Finance, Operations, IT and P2P) to align sourcing initiatives with broader business objectives and compliance policies
Build strong relationships with business collaborators and cross-functional partners
Serve as a Single Point of Contact (SPOC) for category sourcing managers and functional leads for providing category-specific spend report
Review, summarize, and analyze data and present findings in a concise and structured manner. Bring analytical and conceptual skills linking issue resolution to process improvement