Procurement Analyst
Operations

Procurement Analyst

Looking to hire your next Procurement Analyst? Here’s a full job description template to use as a guide.

57000
yearly U.S. wage
22800
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

Vintti is a forward-thinking staffing agency at the forefront of global talent solutions. We specialize in connecting US-based SMBs, startups, and firms with highly skilled professionals from Latin America. Our innovative approach breaks down geographical barriers, allowing businesses to tap into a rich pool of diverse talent while offering Latin American professionals access to exciting international career opportunities. Vintti builds bridges across continents, fostering cultural exchange and driving business growth through strategic staffing solutions.

Description

A Procurement Analyst plays a vital role in optimizing an organization’s sourcing and procurement processes. This position involves conducting thorough market research, analyzing purchasing trends, and evaluating supplier performance to ensure cost-effective procurement policies. They work closely with various departments to assess their purchasing needs, develop and implement procurement strategies, and maintain clear records of all transactions. Utilizing data-driven insights, Procurement Analysts aim to streamline operations, mitigate risks, and maintain robust vendor relationships, ultimately contributing to the organization's financial efficiency and transparency.

Requirements

- Bachelor's degree in Business Administration, Supply Chain Management, or a related field
- Minimum of 2-3 years of experience in procurement, supply chain management, or a related area
- Strong analytical skills with the ability to analyze complex data and make informed decisions
- Proficiency in procurement software and tools, such as SAP, Oracle, or equivalent systems
- Excellent negotiation skills with a proven track record of successful supplier negotiations
- Solid understanding of procurement processes, contract management, and supplier evaluation
- Strong communication skills, both written and verbal, with the ability to interact effectively with various stakeholders
- Attention to detail and a high level of accuracy in preparing and reviewing documents
- Ability to multitask and manage multiple projects simultaneously in a fast-paced environment
- Knowledge of industry regulations, compliance standards, and ethical procurement practices
- Proficiency in Microsoft Office Suite, particularly Excel for data analysis and reporting
- Strong problem-solving skills with the ability to resolve procurement-related issues effectively
- Project management skills and experience with process improvement initiatives
- Ability to work both independently and as part of a team
- Certified Professional in Supply Management (CPSM) or Certified Procurement Professional (CPP) is a plus
- Willingness to continuously learn and stay updated on market trends and best practices in procurement

Responsabilities

- Analyze procurement data to identify cost-saving opportunities and efficiency improvements
- Conduct market research to source potential suppliers and evaluate their capabilities
- Prepare and issue requests for proposals (RFPs), requests for quotations (RFQs), and invitations to bid (ITBs)
- Review and assess supplier quotes and proposals, ensuring compliance with company requirements and standards
- Negotiate contracts and terms with suppliers, aiming to obtain best value and mitigate risks
- Monitor supplier performance and maintain strong supplier relationships through regular communication and feedback
- Collaborate with internal stakeholders, including finance, operations, and legal teams, to align procurement activities with business objectives
- Maintain accurate records of procurement activities, contracts, and supplier information in procurement systems
- Conduct cost-benefit analyses to determine the financial impact of procurement decisions
- Ensure compliance with company policies, industry regulations, and ethical standards in all procurement activities
- Prepare detailed reports on procurement activities, spending trends, and supplier performance for management review
- Assist in the resolution of any procurement-related issues or disputes with suppliers
- Participate in process improvement initiatives to streamline procurement operations and enhance overall efficiency

Ideal Candidate

The ideal candidate for the Procurement Analyst role is a highly analytical and detail-oriented professional with a Bachelor's degree in Business Administration, Supply Chain Management, or a related field, and a minimum of 2-3 years of relevant experience. This individual possesses strong analytical skills, enabling them to dissect complex data and make informed, strategic decisions. They have a proven track record of successful supplier negotiations, demonstrating exceptional negotiation skills that focus on obtaining optimal terms and value. Their solid understanding of procurement processes, contract management, and supplier evaluation is complemented by proficiency in procurement software and tools such as SAP or Oracle. The ideal candidate is an effective communicator who can confidently interact with stakeholders at all levels, and they are adept at managing multiple projects simultaneously in a fast-paced environment. They exhibit high ethical standards, attention to detail, and accuracy in all tasks, ensuring compliance with industry regulations and company policies. This proactive, self-motivated individual is a problem solver with strong organizational skills and the ability to handle administrative tasks meticulously. They are a team player with a collaborative spirit and a continuous learner eager to stay abreast of industry trends and best practices. Certified Professional in Supply Management (CPSM) or Certified Procurement Professional (CPP) credentials are a plus. Their proven track record in managing supplier relationships, maintaining strong communication, and participating in process improvement initiatives sets them apart as an innovative thinker who can enhance procurement operations and drive efficiency improvements.

On a typical day, you will...

- Analyze procurement data to identify cost-saving opportunities and efficiency improvements
- Conduct market research to source potential suppliers and evaluate their capabilities
- Prepare and issue requests for proposals (RFPs), requests for quotations (RFQs), and invitations to bid (ITBs)
- Review and assess supplier quotes and proposals, ensuring compliance with company requirements and standards
- Negotiate contracts and terms with suppliers, aiming to obtain best value and mitigate risks
- Monitor supplier performance and maintain strong supplier relationships through regular communication and feedback
- Collaborate with internal stakeholders, including finance, operations, and legal teams, to align procurement activities with business objectives
- Maintain accurate records of procurement activities, contracts, and supplier information in procurement systems
- Conduct cost-benefit analyses to determine the financial impact of procurement decisions
- Ensure compliance with company policies, industry regulations, and ethical standards in all procurement activities
- Prepare detailed reports on procurement activities, spending trends, and supplier performance for management review
- Assist in the resolution of any procurement-related issues or disputes with suppliers
- Participate in process improvement initiatives to streamline procurement operations and enhance overall efficiency

What we are looking for

- Strong analytical mindset with an aptitude for working with complex data
- Detail-oriented with a high level of accuracy in all tasks
- Exceptional negotiation skills with a focus on achieving optimal terms
- Effective communication skills to interact confidently with stakeholders at all levels
- Proactive and self-motivated with a problem-solving attitude
- Adaptability to navigate a fast-paced and dynamic environment
- Solid understanding of procurement processes and supply chain management
- High ethical standards and integrity in all procurement activities
- Team player with the ability to collaborate effectively across departments
- Continuous learner with an interest in staying updated on industry trends and best practices
- Proven track record in managing supplier relationships and maintaining strong communication
- Ability to manage multiple projects simultaneously and prioritize tasks efficiently
- Proficiency in using procurement software and tools for data analysis and reporting
- Strong organizational skills and ability to handle administrative tasks meticulously
- Innovative thinker willing to participate in process improvement initiatives

What you can expect (benefits)

- Competitive salary range based on experience and qualifications
- Comprehensive health, dental, and vision insurance plans
- 401(k) retirement plan with company match
- Paid time off (PTO) and holidays
- Flexible working hours and remote work options
- Professional development and training opportunities
- Tuition reimbursement for further education
- Employee wellness programs and resources
- Performance-based bonuses and incentives
- Career advancement opportunities within the company
- Employee assistance program (EAP) for personal and professional support
- Access to company-sponsored networking events and conferences
- Discounts on company products and services
- Collaborative and inclusive work environment
- Relocation assistance for eligible candidates

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