Job Description

Position Summary

The Procurement Analyst specializes in conducting in-depth research and analysis of procurement-related data to support strategic decision-making and operational efficiency. This role involves gathering and evaluating data from various sources, including supplier performance metrics, market trends, inventory levels, and financial indicators. The Procurement Analyst collaborates with the procurement team to identify cost-saving opportunities, assess supplier capabilities, manage procurement risks, and drive continuous improvement in the procurement process.

Key Responsibilities of a Procurement Analyst include:

• Creating (data entry) and maintaining procurement reports and dashboards
• Analyzing spend data and identifying cost-saving opportunities
• Monitoring and evaluating supplier performance and compliance
• Conducting market research to identify potential suppliers and trends
• Assisting in contract negotiations and drafting procurement agreements
• Supporting the procurement team in supplier relationship management
• Participating in cross-functional meetings to align procurement strategies with organizational goals
• Collaborating with finance teams to ensure procurement activities align with budgetary constraints
• Using procurement software and tools to streamline processes and enhance data analysis Evaluating and recommending improvements to procurement policies and procedures

Required and Desired Skills To excel as a Procurement Analyst, candidates must possess a combination of analytical skills, business acumen, and effective communication abilities. The role requires the ability to translate complex data into actionable insights that can drive procurement decisions. Experience in procurement or supply chain management is a valuable asset, but individuals with a background in data analysis, finance, or operations can also transition into this role with the right skill

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