Strategic Sourcing Analyst

1 - 2 years

1 - 2 Lacs

Posted:4 days ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Purchase Order Management

  • Coordinate with suppliers to confirm order details, delivery timelines, and manage any order-related discrepancies.
  • Maintain organized and accurate procurement records, ensuring proper documentation for audit and reporting purposes.

Sourcing Support

  • Assist in sourcing the categories of products and services by gathering supplier quotes, performing basic supplier research, and compiling comparisons.
  • Support RFP/RFQ processes by collecting requirements from internal teams, managing supplier communications, and documenting responses.
  • Prepare summaries and analysis of supplier proposals, providing data to assist in decision-making for the category of purchases.

Stakeholder Collaboration & Communication

  • Work closely with internal stakeholders, including IT, Finance, and Legal, to ensure alignment of purchasing needs and gather necessary specifications.
  • Serve as a point of contact for stakeholders on order status, supplier options, and procurement processes, ensuring timely updates and follow-ups.
  • Help educate stakeholders on purchasing policies and support them in navigating procurement processes effectively.

Supplier Coordination & Relationship Management

  • Maintain strong working relationships with suppliers, coordinating as needed to ensure clarity on requirements, delivery timelines, and quality standards.
  • Track and report on supplier performance and issue resolutions, escalating concerns as needed to the Senior Buyer or Category Manager.
  • Ensure supplier records are up-to-date, maintaining an accurate contact database and procurement documentation.

Process Improvement & Compliance

  • Identify and suggest process improvements within purchasing activities, enhancing efficiency and transparency in procurement workflows.
  • Ensure compliance with procurement policies, ethical sourcing standards, and industry best practices in all purchasing activities.
  • Support documentation for procurement audits, ensuring data accuracy and accessibility for compliance needs.

Skills and experience we value

  • Experience in Business, Supply Chain Management, or a related field preferred.
  • Coursework or certifications in procurement (e.g., CPSM or CIPS) or technology procurement are a plus but not required.
  • 1-2 years of experience in procurement, purchasing, or related field, ideally with exposure to related category.
  • Basic understanding of procurement processes and principles, including purchase order management and supplier communication.
  • Familiarity with procurement software (e.g., SAP Ariba, Coupa) and proficiency in Microsoft Office Suite, especially Excel, for data management.
  • Demonstrated organizational skills, with the ability to manage multiple tasks and maintain attention to detail in a fast-paced environment.

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