Lowe's—Market Intel Analyst

Job description

Description: Innovate in Bengaluru This position is based at our on-site office in Bengaluru. Lowe's offers an ultramodern work environment, complete with cutting-edge technology, collaborative workspaces, an on-site gym and clinic, and other perks to enhance your work experience.  About Lowe’s Lowe’s is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com. Lowe’s India, the Global Capability Center of Lowe’s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe’s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India About the Team The Market Intelligence (MI) team of ESS provides external market, supplier, competitor and technology intelligence to support better sourcing and category decisions. We work proactively with category teams to identify opportunities, risks and market shifts early, translating intelligence into actionable insights. I. Job Summary: The primary purpose of the Market Intel Analyst role is to execute and support Market Intelligence projects. The individual is expected to work in conjunction with Enterprise Strategic Sourcing category leaders & teams and with Market Intel leaders. This position is focused on providing market research, reports/analytics, insights and intelligence as required. II. Roles & Responsibilities: Core Responsibilities: · Does external secondary research for various Category owners and recommends benchmarks based on the external market, internal spend, key metrics and contractual data. · Owns specific Market Intelligence trackers/dashboards – category, supplier, regional, etc. Ensures they are refreshed on time and insights are delivered to respective stakeholders. · Pulls and analyzes data associated with historical/current spend to support market intelligence, benchmarking and category research as required. · Supports Market Intelligence analysis across categories – both reactive and proactive. · Consolidates data for key metrics reporting and Market Intelligence deliverables. · Supports data modelling and enrichment exercises required for Market Intelligence and benchmarking. · Increases accuracy of data used for Market Intelligence analysis and reporting. · Supports supplier intelligence, including vendor financials, ISG (Information Security Group) analysis and ESG (Environmental, Social and Governance) data analysis. · Supports Market Intelligence tools, processes and ways of working as assigned. · Follows up with stakeholders and communicates key market, supplier and category insights/changes. · Supports configuration and enhancement of Market Intelligence tools and solutions. · Helps reduce turnaround time of Market Intelligence research, analysis and reporting. III. Years of Experience: 2 - 4 years IV. Education Qualification & Certifications Required Minimum Qualifications: Bachelor’s degree V. Skill Set Required Primary Skills (Must have) · Bachelor’s degree in Business, Engineering, Science, or related field, or equivalent years of experience in lieu of education requirement, if applicable · 3 years of business experience · Proficiency in market research and data analysis · Proficiency in Microsoft Excel and PowerPoint · Proficiency in data collection, collation, analysis, and visualization · Proficiency in collaboration and communication · Proficiency in data visualization tools such as Power BI · Working knowledge of procurement and sourcing tools · Basic knowledge of AI and its applications in research and analysis Secondary Skills (Preferred) · Exposure to sourcing and procurement · Cost optimization experience Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.