In this opportunity as an IT Sourcing Analyst, you will:
Support Commercial and Contractual Negotiations: Lead and support negotiations for Software, Technology Services, Infrastructure, and Hardware agreements, including pricing, licensing models, service-level agreements, liability, data protection, and renewal terms.
Manage IT Vendor Contracts and Renewals: Manage a portfolio of IT vendor contracts and renewals to ensure competitive pricing, favorable commercial terms, and alignment with Thomson Reuters risk and compliance standards.
Analyze Spend and Market Opportunities: Support the analysis of spend, contracts, suppliers, and market conditions across assigned technology categories to inform sourcing strategies and leadership initiatives.
Partner with Internal Stakeholders: Collaborate with Legal, Privacy, Information Security, Finance, and business stakeholders to review, negotiate, and finalize contractual documents, including MSAs, DPAs, SOWs, order forms, and license agreements.
Support IT Sourcing Transformation: Contribute to the implementation and continuous improvement of sourcing methodologies, technical capabilities, standards, processes, and systems within Global Procurement and IT Sourcing.
Build a Sourcing Opportunity Pipeline: Identify opportunities within assigned spend areas and maintain a pipeline that supports Category Leads and business stakeholders in understanding requirements and executing category strategies.
Track Vendor Performance and License Usage: Monitor supplier performance, licensing utilization, contractual commitments, and renewal timelines to identify cost-saving opportunities and reduce commercial or contractual risk.
Develop Technology Sourcing Expertise: Build and maintain working knowledge of Software, Technology Services, Infrastructure, and Hardware sourcing categories, as well as the internal functional groups within IT and procurement operations.
Interpret Business Requirements: Engage with internal customers to understand business needs, assess technology sourcing requirements, and recommend solutions using established procedures and sourcing best practices.
Solve Sourcing and Procurement Challenges: Analyze straightforward to moderately complex sourcing issues and propose practical solutions with an appropriate level of guidance and direction.
Maintain Stakeholder Relationships: Build trusted relationships with suppliers and internal stakeholders to facilitate productive collaboration and achieve balanced commercial outcomes.
Contribute to Operational Excellence: Support the ongoing improvement of IT sourcing practices, vendor-management processes, project-management activities, and procurement operations.