Varsity Education - Procurement Analyst

Roles & Responsibilities:
The Procurement Analyst is responsible for analyzing purchasing data, identifying cost-saving opportunities, supporting vendor evaluation, and optimizing procurement processes. This role helps ensure efficient, cost-effective, and compliant procurement operations by leveraging data insights and market intelligence.1. Data Analysis & Reporting- Analyze procurement data to identify spending patterns, supplier performance, and cost-saving opportunities.- Develop dashboards, reports, and KPIs for procurement performance tracking.- Monitor compliance with procurement policies and contract terms.2. Vendor & Market Analysis- Conduct market research and benchmarking to support sourcing decisions.- Assist in vendor evaluation, onboarding, and ongoing performance tracking.- Analyze vendor pricing, delivery timelines, and service quality.3. Cost Optimization- Identify areas for cost reduction and process improvement in purchasing operations.- Support strategic sourcing initiatives through spend analytics and demand forecasting.4. Systems & Tools- Maintain and improve data in ERP or procurement software (e.g., SAP, Oracle, Coupa, Ariba).- Support e-procurement initiatives, catalog management, and supplier portals.Desired Profile- Bachelor's degree in Engineering; MBA or relevant certifications (e.g., CSCP, CIPS) is a plus.- 2-5 years of experience in procurement, supply chain analytics, or sourcing.- Proficiency in Excel, Power BI, and ERP/procurement platforms.- Strong analytical skills with experience in data modeling and spend analysis.- Analytical thinking and attention to detail- Strong Excel and data visualization capabilities- Knowledge of procurement processes and contract management- Excellent communication and interpersonal skills- Ability to manage multiple priorities and deadlines- Familiarity with supply chain risks and cost drivers