Procurement Analyst

ROLE PURPOSE:

The Procurement Analyst is responsible for analyzing, strategizing, and optimizing procurement processes to ensure cost-effectiveness, efficiency, and quality in the organization's purchasing activities. This role involves data analysis, supplier evaluation, market research, and supporting the procurement team in achieving their objectives.

KEY ACCOUNTABILITIES & ACTIVITIES:

Data Analysis and Reporting:

• Analyze procurement data to identify trends, opportunities for cost savings, and areas for process improvement.
• Generate reports and present findings to management to support decision-making processes.

Supplier Management:

• Evaluate and assess supplier performance, negotiate contracts, and maintain strong vendor relationships.
• Identify and onboard new suppliers while ensuring compliance with company policies and standards.

Strategic Sourcing:

• Conduct market research to identify potential suppliers, assess market trends, and benchmark prices.
• Develop sourcing strategies to optimize costs without compromising quality or efficiency.

Process Improvement:

• Recommend and implement process improvements to streamline procurement processes.
• Work cross-functionally with other departments to optimize procurement workflows.

Risk Management:

• Identify potential risks in the supply chain and develop mitigation strategies.
• Monitor market changes and geopolitical factors that could impact procurement operations

REQUIREMENTS FOR ROLE:

• Bachelor's degree in supply chain management, Finance, or related field.
• Proven experience of 3-4 years in procurement, supply chain, or relevant analytical roles.
• Proficiency in data analysis tools (e.g., Excel, Tableau, SAP) and familiarity with procurement software.
• Strong negotiation, communication, and analytical skills.
• Knowledge of procurement best practices, contract management, and supply chain processes.
• Ability to multitask, prioritize, and work effectively in a fast-paced environment.
• Certification in procurement (such as CSCP, CPSM) is a plus.