Procurement Analyst

The Procurement Analyst provides key analytical support and expertise as a member of the Group Procurement team.  The positionholder is responsible for data mining, analyzing, and interpreting information obtained across various business software systems, public databases, and other sources. The position collates the information to provide accurate and complete data sets as input for the development of forecasts, Requests for Quotations, negotiations, procurement strategies, order optimization, and other procurement tools. In collaboration with the category managers, the individual is involved in the development and implementation of category strategies across different Business units & Groups.

The Procurement Analyst is directly responsible for the maintenance of spend databases and pricing updates within the business systems.

Key Job Accountabilities

Data Management & Analytics

* Collect economic data from applicable data sources to prepare and maintain pricing trend data on key commodities for reports to the internal team as well as business leadership. Build an accurate forecast for category price movements. * Coordinate price changes in systems through the use of published indices and manage communications with impacted sites and suppliers. * Maintain purchase contracts and vendor master data in the GEP system.   * Support Procurement leadership and co-workers in all data requests.  Use analytic techniques to support procurement projects.  * Establish and maintain communication channels with leadership, key team members, and internal business units for data gathering, validation, analysis, and reporting. Use benchmarking to identify best practices and areas for next-stage improvement. * Gather data across several source systems to populate and report progress via supplier scorecards and internal dashboards. * Conduct market analysis through the generation of supplier lists, creation of Requests for Quotation, and identification of key evaluation data elements.  Participate in the evaluation plan to determine the feasibility of the bid/tender using qualitative techniques.  Analyst and report bid response data in suitable formats for ease of comparison and selection. * Provide negotiation support to category managers.  Support analysis and evaluation of complex bid award scenarios. Determine savings calculations and forecasts.  Conduct scenario analyses and sensitivity analyses to obtain input or buy-in from internal stakeholders and leadership.  * Create tender packages as well as comprehensive supplier evaluation models, such as total cost of ownership analysis, scenario modeling, financial modeling, and sensitivity analysis. * Prepare market research reports for specific industries and categories. * Prepare management reports (Weekly/Monthly/Quarterly) as needed