Procurement Analyst

JOB OVERVIEW

The Procurement Analyst provides analytical expertise for Procurement initiatives, sourcing strategies, savings reporting and other activities requiring analytics support. This role is responsible for developing, supporting and reporting key Procurement performance indicators as well as supporting the development and execution of sourcing strategies, RFPs, projects and initiatives. Additionally, this position may be assigned selected overhead spend categories for strategic sourcing and contracting.

·        Provide analytical support for Procurement’s major commodity and procurement initiatives, special projects, strategic opportunities, and savings validation to the business.

·        Provide detailed spend data analysis by category, subcategory, vendor, part/service, client, etc.

·        Compile monthly, quarterly and annual reporting requirements for Company Global Procurement.

·        Develop Total Cost Opportunity (TCO) modeling & analytics to aid in RFP bid evaluation and contract negotiations.

·        Assist in implementing specific strategic sourcing strategies for various spend categories.

·        Request for Proposal (RFP) support including Data collection, RFP drafting, distribution and collection from suppliers, analysis related to supplier qualification process.

·        In conjunction with Sr. Procurement Specialists, develop and maintain monthly forecasts (volume, rebates) on all key categories.

·        Assist in developing Savings/Benefits reporting, Spend under management reporting etc.

·        Maintain a solid understanding of the overall business and operational needs.

·        Manage Procurement activities for select overhead commodities to include, RFP’s, supplier & bid evaluation, supplier selection, negotiation, and relationship management.

Other Duties

·        Manage departmental documentation requirements including contracts, strategy documentation, electronic document filing, and audit requirements, as assigned.

·        Support the department’s Supplier Relationship Management (SRM) activities.

·        Other duties and responsibilities as assigned.

·        This position is an individual contributor

·        Strong financial acumen, and analytical and problem-solving skills with ability to collaborate and work effectively across multiple functions.

·        Comfort with reviewing, managing, and interpreting large and/or complex data sets.

·        Adaptable, flexible, positive, open to learning, developing and welcoming of new ideas.

·        Planning and organization skills: ability to prioritize, and multi-task simultaneous projects.

·        Detail oriented with high level of accuracy.

·        Intermediate knowledge of general business and procurement procedures.

·        Basic negotiation capabilities.

·        Bachelor’s Degree required. Degree preferably in Business, Finance/Accounting.

·        Previous Procurement experience a plus.

·        At least 5 years’ business analytics/support experience.

·        Demonstrated analytical and problem-solving skills.

·        Ability to work independently, creatively, and efficiently in a dynamic environment.

·        Planning and organization skills: ability to establish work plans, prioritize, and multi-task simultaneous projects.

·        Thorough and detail oriented, especially with numbers.

·        Strong listening, verbal and written communication skills.

·        Ability to interface with all levels of management, ability to understand financial benefits.

·        Proficiency with Microsoft Excel, PowerPoint, Word, Power Query, Power Automate, PowerApps and Power BI.

·        Knowledge of Tableau or other similar analytics tools and basic SQL queries a plus.