Senior Procurement Analyst

A Procurement Analyst plays a crucial role in supporting the procurement function within an organization. Their responsibilities involve analyzing data, conducting market research, and providing insights to optimize the procurement process. He plays a vital role in supporting the procurement team by providing valuable insights.

• Collect, analyse, and interpret data related to procurement activities.
• Utilize statistical and analytical tools to identify trends, patterns, and opportunities for cost savings.
• Conduct market research to identify potential suppliers, assess market conditions, and stay informed about industry trends.
• Evaluate supplier capabilities, pricing, and performance.
• Analyse costs associated with procurement, including product or service costs, shipping, and other related expenses.
• Identify opportunities for cost reduction and process improvement.
• Assess and evaluate supplier performance based on key performance indicators (KPIs) and contractual agreements.
• Provide recommendations for supplier selection, negotiation, and relationship management.
• Prepare and generate regular reports on procurement metrics, cost savings, and key performance indicators.
• Present findings to procurement managers/head and other stakeholders.
• Assist in drafting, reviewing, and managing procurement contracts.
• Ensure compliance with contractual terms and conditions.
• Identify inefficiencies in the procurement process and recommend improvements.
• Work collaboratively with the procurement team to implement process enhancements.
• Monitor and report on potential risks in the supply chain.
• Ensure compliance with organizational policies, industry regulations, and ethical standards.
• Stay informed about changes in relevant laws and regulations.
• Collaborate with cross-functional teams, including finance, operations, and legal, to support procurement initiatives.
• Assist in managing relationships with suppliers, addressing issues, and fostering positive collaborations.
• Participate in supplier performance reviews.
• Use procurement software and technology tools to streamline processes and improve efficiency.
• Clearly communicate findings, recommendations, and insights to both technical and non-technical audiences.
• Manage and contribute to specific projects within the procurement function and ensure timely and successful completion of assigned tasks.