The role of the Purchasing Analyst is to ensure we meet our customer commitments by sourcing the necessary goods and services efficiently and cost-effectively to support our operations and strategic objectives.
To succeed in this role, you should be professional, highly analytical, and possess excellent communication skills. The successful candidate should also have an in-depth knowledge and experience with sourcing strategy development and execution, negotiations, contracts, cost analysis, cost savings generation and tracking, and supplier relationship management.
Fundamental Duties and Responsibilities:
Commodity Strategy and Management with a total spend range of 14-25M :
- Researching suppliers, monitoring market trends, supply chain disruptions, and industry developments to anticipate changes in pricing, availability, and supplier relationships.
- Analyzing purchasing data, trends, and supplier performance to identify opportunities for cost savings, process improvements, and strategic sourcing initiatives.
- Conducting Request for Quotes, negotiating, drafting, and managing annual or long-term supplier agreements, including terms and conditions, pay-terms, and best total cost.
- Generating reports, dashboards, and presentations to communicate purchasing metrics, key performance indicators, and cost-saving initiatives to management.
- Collaborating with various departments, including finance, operations, and inventory management, to align purchasing activities with organizational goals and objectives.
- Set annual Item standards, track purchase price variance, issue P.O.s and track/expedite supplier shipments.
- Conduct supplier quarterly business reviews and track vendor performance (on-time delivery, quality, price competitiveness).
- Ensuring compliance with relevant regulations, policies, and procedures governing procurement activities, including ethical sourcing practices and supplier diversity initiatives.
- Participate in the FeneVision ERP continuous improvement project to implement or upgrade business use modules.
- Other duties as required and assigned.
Required Education and Experience:
- Bachelor’s degree in Supply Chain, Business, Finance, or other applicable major.
- 3 years’ experience in purchasing, supply chain management or similar role.
- Intermediate level skills in Microsoft Office Suite (Word, Excel, PowerPoint, etc.)
- Strong ability to establish and maintain effective relationships within a small team and large interdepartmental collaborations.
- Proven knowledge of strategic planning principles, supplier management, and inventory procedures.
- Experience using ERP procurement systems. (SAGE, SAP, Oracle, FeneVision, etc.)
- Excellent written and verbal communication.
- Strong problem solving/judgment skills with the ability to find creative solutions.
- Ability to multitask in a demanding environment.
- Strong mathematical and statistical knowledge.
Preferred Skills:
- CPSM, CSCP or other accredited certification a plus
- Experience implementing or upgrading an ERP system.
Physical Demands: Sitting with some standing and walking.
Work Environment: Office setting with controlled heating and cooling.