Strategic Sourcing Contracts Lead

Pay is based on several factors which vary based on include labor markets and in some instancesmay include education work experience and addition to your pay Target cares about and invests in you as a team member so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs which may include medical vision dental life insurance and more to help you and your family take care of your whole benefits for eligible team members include 401(k) employee discount short term disability long term disability paid sick leave paid national holidays and paid competitive benefits from financial and education to well-being and beyond at us
As a Fortune 50 company with more than 350000 team members worldwide Target is an iconic brand and one of Americas leading retailers.

Working at Target means the opportunity to help all families discover the joy of everyday life. Caring for our communities is woven into who we are and weinvest in the places we collectively live work and play. We prioritize relationships fuel and develop talent by creating growth opportunities and succeed as oneTarget team. At our core our purpose is ingrained in who we are what we value and how we work. Its how we care grow and win together.

Right on pace with Targets distinctive and beloved retail brand the Procurement team works across the business to maximize every resource asset and relationship. We use good data in-depth analysis and cross-functional insights to identify and communicate best practices elevating our sourcing and procurement activities to achieve their very highest potential.

A role with Strategic Sourcing is a chance to positively impact several key areas of Targets business. Your input will ensure that Target realizes the expected value from the terms of our agreements that comprise nearly $15 billion in annual spend towards innovative and competitively priced goods and services. Youll share and promote best practices across the entire company while developing deep expertise and close client relationships. Youllalsocollaboratewithinternal partnerswhouse world class sourcing tools and processes buildtotal cost of ownership financial modelsensurecontract & catalog managementand deliveroperationalleadership in order to optimize leverage for Target.

Position Description

In the role of Strategic Sourcing Contracts Lead you will support Targets Procurement organization by providing timely guidance to our team & our internal business partners and will support our contract negotiations with Targets indirect (non-retail) vendors. Contract negotiations involve multiple contract types including non-disclosure agreements goods and services agreements consulting agreements and technology agreements (including hardware agreements software licensing agreements and software-as-a service (SaaS) agreements). You will act as a liaison to Targets Law department and other enterprise teams and will play an integral role in driving change and achieving successful contract negotiations with speed and agility while balancing between contract risks and business goals.

Additional Duties and Responsibilities

• Create and provide written virtual and in-person contract training and self-help tools
• Ensure contract templates and resources are up to date in contract management systems
• Develop and implement best practices for contract management and administration in compliance with applicable policies and influence those policies as appropriate
• Collaborate with other enterprise teams to ensure contracts contain appropriate terms and adhere to any compliance measures
• Negotiate with vendor representatives as appropriate

Core responsibilities are described within this job description. Job duties may change at any time due to business needs.

Current in office requirement is one day per week. Our return to office strategy may be fluid so in office requirements may increase over time.

About you

• Juris Doctor (JD) degree (preferred)
• Admitted or eligible for admission to the Minnesota bar (preferred)
• At least 5 years of relevant experience negotiating and drafting agreements for a variety of transactions including goods services and technology (HW SW SaaS etc.)
• Experience assessing and balancing contract risks and business goals
• Experience developing and leading innovative contracting strategies that result in best-in-class outcomes on complex/ambiguous programs
• Ability to deliver clear and concise advice and risk identification in a timely manner in accordance with applicable guidelines and policies
• Excellent oral and written communication skills
• Communicate contracting strategy and recommendations using insights visuals and storytelling tailored to the business audience
• Independent organized and detail-oriented with the ability to multi-task on a large number of projects
• Ability to collaborate across departments to drive cross-functional alignment
• Experience with contract management systems and/or e-Procurement systems
• Experience applying automation AI and market intelligence tools to improve contracting outcomes

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Targets needs. A Hybrid/Flex for Your Day work arrangement means the team members core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually depending upon what your role team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location unless otherwise prescribed by Target. Click here if you are curious to learn more about Minnesota.

Benefits Eligibility

In compliance with state and federal laws Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process please reach out to Non-accommodation-related requests such as application follow-ups or technical issues will not be addressed through this channel.