Procurement Analyst (225-909)

A Procurement Analyst plays a crucial role in the acquisition of goods and services for a company, ensuring efficient supply chain management and cost-effectiveness. This role involves conducting extensive data analysis to identify trends, opportunities for cost savings, and optimizing procurement processes. The Procurement Analyst collaborates closely with vendors and internal departments, facilitating negotiations and enhancing supplier relationships. They need to be adept at market research to stay ahead of industry trends and deliver insights that support strategic purchasing decisions. Attention to detail, excellent communication skills, and a strong understanding of procurement software are essential for this position. This role requires an analytical mind, capable of interpreting large datasets and transforming them into actionable strategies that benefit the organization in achieving its financial and operational goals.

Responsibilities

• Conduct detailed analysis of procurement data to identify cost-saving opportunities.
• Collaborate with suppliers and internal departments to streamline procurement processes.
• Develop and implement procurement strategies that align with business objectives.
• Negotiate contracts with suppliers to ensure competitive pricing and terms.
• Monitor vendor performance and resolve any issues related to delivery or quality.
• Utilize procurement software to manage and analyze purchasing data effectively.
• Prepare reports and present findings to senior management for strategic decisions.
• Keep abreast of market trends to inform organizational purchasing strategies.
• Identify and evaluate new vendors to enhance company sourcing goals.
• Ensure compliance with regulatory requirements and company procurement policies.
• Collaborate with finance teams to ensure accurate budgeting and forecasting.
• Support continuous improvement initiatives within the procurement department.

Requirements

• Bachelor's degree in Supply Chain Management, Business, or a related field.
• Proven experience in procurement analysis or a similar role for at least two years.
• Strong analytical skills with proficiency in data analysis and report generation.
• Excellent communication and negotiation skills to manage vendor relationships.
• Proficient in procurement software and Microsoft Office Suite, especially Excel.
• Sound understanding of procurement and supply chain best practices and principles.
• Ability to work independently and as part of a team in a fast-paced environment.