CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world's real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings for our customers. We've continually refined, transformed, and perfected our approach to our business, creating platforms that have become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
Role Description
At CoStar Group, we have consolidated traditional Procurement and Accounts Payable strategic and operational activities into a single Procure-to-Pay (P2P) organization to support an integrated, end-to-end process workflow. Consolidating these related Procurement and A/P functions into a single team will allow us to improve efficiency and accuracy and build stronger relationships with our suppliers.
We are currently seeking a Sourcing Lead to join our team in our Washington, DC headquarters. The Sourcing Lead will work with P2P leadership to develop the company's global sourcing strategy and expand our supplier base. The Sourcing Lead will support all procurement activities for assigned categories and punch-out catalog content. The Sourcing Lead will maintain accuracy in CoStar's Oracle Cloud ERP system and is expected to drive improvements and efficiencies in the procure-to-pay processes.
Responsibilities
Qualify vendors, evaluate bids, and negotiate prices and terms for purchased goods and services.
Support and lead sourcing process alongside legal and internal stakeholders: identify local/global supply needs, initiate and manage all RFX processes, tender, and negotiate business terms and pricing with suppliers.
Drive early procure to pay involvement and proactively conduct cost saving exercises.
Setup and maintain supplier database in Oracle Cloud ERP system and work closely with the Financial Systems team on updates or issues with the Oracle Cloud ERP system.
Initiate and assist the Business owners in the set-up of purchase orders, non-Catalog forms, and internal catalogs, punch-out catalogs in line with contracts or single-case procurement activities such as: expediting, changes, delivery, cancellations, acknowledgements, verify requisition against catalogue availability, etc.
Responsible for savings and KPI achievements and its reporting.
Keep abreast of assigned category trends, market and economic conditions and other opportunities to leverage during overall negotiations of the local supply base.
Basic Qualifications
Bachelor's degree from an accredited, not for profit University or College required.
A track record of commitment to prior employers.
5+ years of indirect or direct spend experience with exposure to various categories and multiple buying platforms
2+ years of ERP system experience, with Oracle Fusion preferred.
2+ years of knowledge about procure to pay principles, process and price/cost analysis methodology, and relevant legal terms and methodologies.
2+ years of negotiation skills or education and good experience in supplier management.
Proven relationship-building and problem-solving skills, with a strong attention to detail, and ability to set priorities.
Strongly proficient in Microsoft Office, Syndicated Media Research tools, and presentation software
Preferred Qualifications and Skills
Strong customer care focus
Work well with a team and independently.
Ability to work across multiple departments and spend categories
Experience with one of the following indirect spend categories preferred: technology, marketing, facilities, and construction.
What's In It For You
Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.
Our Benefits Package Includes (but Is Not Limited To)
Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
Life, legal, and supplementary insurance
Commuter and parking benefits
401(K) retirement plan with matching contributions
Employee stock purchase plan
Paid time off
Tuition reimbursement
On-site fitness center and/or reimbursed fitness center membership costs (location dependent)
Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks
We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.
However, please note that CoStar is not able to provide visa sponsorship for this position.
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing