Strategic Sourcing Intern

📋 Description

• • Embark on a transformative 12-week internship experience this summer at Coinbase, a leader in the digital currency space, and contribute to our mission of increasing economic freedom globally.
• • Join the dynamic Source to Pay (S2P) team, the central hub for managing Coinbase's third-party relationships, encompassing strategic sourcing, third-party risk management, procurement to pay (P2P), and travel & expense management.
• • As a Strategic Sourcing Intern, you will be instrumental in optimizing our vendor ecosystem, ensuring seamless operations, and upholding the integrity of our procurement processes.
• • You will collaborate closely with our Business Process Outsourcing (BPO) partners and various internal stakeholders, driving efficiency and innovation across the procurement lifecycle.
• • This role offers a unique opportunity to gain hands-on experience in a fast-paced, high-growth environment, directly contributing to Coinbase's strategic objectives.
• • Immerse yourself in Coinbase's core values: Clear Communication, Efficient Execution, Continuous Learning, and Customer Focus, applying them to real-world business challenges.
• • Drive process improvement initiatives by partnering with the BPO team to identify inefficiencies and propose innovative solutions, potentially leveraging automation or AI technologies to streamline workflows.
• • Ensure the accuracy and completeness of critical documentation, including Desktop Procedures (DTP), by meticulously reviewing and updating existing materials, proactively identifying and flagging any information gaps to maintain clarity and operational consistency.
• • Conduct comprehensive market research to identify and evaluate potential new providers, analyzing market trends and competitive landscapes to inform strategic sourcing decisions and support the development of robust category strategies.
• • Contribute significantly to the Request for Proposal (RFP) and Request for Quote (RFQ) processes by assisting in the creation of solicitation documents and playing a key role in the analysis and evaluation of vendor proposals.
• • Support the effective management of vendor relationships, ensuring that vendors provide timely and accurate reports and fostering an environment that empowers internal teams with self-service capabilities for routine tasks.
• • Enhance internal knowledge sharing and team engagement through internal marketing and branding efforts, which may include developing training materials, creating informative short videos, and crafting compelling social media posts.
• • This internship is designed for individuals who are proactive, possess strong analytical capabilities, and are eager to learn and contribute to a mission-driven organization.
• • You will gain exposure to the intricacies of strategic sourcing within a leading cryptocurrency company, understanding the critical role it plays in supporting business growth and operational excellence.
• • Develop a keen understanding of vendor risk management principles and their application in the context of a rapidly evolving technological landscape.
• • Hone your project management and organizational skills by managing multiple tasks and deadlines effectively within a collaborative team setting.
• • Contribute to projects that directly impact Coinbase's ability to operate efficiently and securely, ensuring that we partner with the right vendors to support our ambitious goals.
• • This role provides a foundational understanding of procurement operations, supply chain management, and the strategic importance of third-party relationships in a global organization.
• • You will have the opportunity to present findings and recommendations to team members and potentially cross-functional stakeholders, enhancing your communication and presentation skills.
• • Embrace the challenge of working in a demanding yet rewarding environment, where your contributions are valued and directly impact the company's success.
• • This internship is an exceptional pathway to understanding the operational backbone of a major player in the digital asset industry and developing a valuable skillset for future career endeavors in business operations, procurement, or finance.