FAQ about Materials Sourcing Analyst I
1. Where can a Materials Sourcing Analyst I earn the most?
A Materials Sourcing Analyst I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Materials Sourcing Analyst I earns the most in San Jose, CA, where the annual salary of a Materials Sourcing Analyst I is $85,615.
2. What is the highest pay for Materials Sourcing Analyst I?
The highest pay for Materials Sourcing Analyst I is $80,652.
3. What is the lowest pay for Materials Sourcing Analyst I?
The lowest pay for Materials Sourcing Analyst I is $56,512.
4. What are the responsibilities of Materials Sourcing Analyst I?
Analyzes material sourcing activities to support cost-effective procurement strategies and ensure supply continuity. Collects and analyzes supplier, pricing, and market data to support sourcing strategies and purchasing decisions. Evaluates supplier performance, lead times, and cost drivers to identify opportunities for improvement, cost reduction, and supplier consolidation. Supports sourcing initiatives by preparing cost models, spend analyses, and supplier performance reports. Collaborates with procurement, planning, and operations teams to align sourcing activities with production and inventory requirements. Maintains sourcing data, contracts, and documentation in procurement systems to ensure accuracy and compliance. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.