Operations

Procurement Strategy Analyst

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

About Vintti

Vintti bridges the staffing gap for US businesses with a unique focus on time zone compatibility. We source top talent from Latin America, offering companies access to professionals who are available during standard US working hours. This alignment eliminates the need for off-hour communications and allows for integrated teamwork, as if all team members were in the same office.

Description

A Procurement Strategy Analyst plays a crucial role in optimizing an organization's procurement processes and supply chain operations. This role involves analyzing market trends, sourcing strategies, and supplier performance to develop efficient procurement plans. By leveraging data and strategic insights, the analyst identifies opportunities for cost savings, risk mitigation, and process improvements. Their responsibilities also include ensuring compliance with procurement policies and fostering strong relationships with key suppliers. This position demands a blend of analytical skills, strategic thinking, and in-depth knowledge of procurement best practices.

Requirements

- Bachelor's degree in Business, Supply Chain Management, Finance, or a related field
- Minimum of 3-5 years of experience in procurement, supply chain management, or a related field
- Strong analytical and problem-solving skills
- Proficiency in procurement software and tools
- Excellent communication and negotiation skills
- In-depth knowledge of market research techniques and data analysis
- Ability to build and maintain strong supplier relationships
- Experience with contract management and supplier performance monitoring
- Knowledge of procurement best practices and industry standards
- Understanding of regulatory and compliance requirements related to procurement
- Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint
- Strong attention to detail and organizational skills
- Ability to work collaboratively with cross-functional teams
- Proven track record of achieving cost savings and process improvements
- Ability to manage multiple tasks and prioritize effectively
- Certification in procurement or supply chain management (e.g., CPSM, CPIM) is a plus
- Familiarity with ERP systems, such as SAP or Oracle, is an advantage
- Strong decision-making capabilities
- High level of integrity and ethical standards

Responsabilities

- Conduct detailed market analysis to identify trends and supplier landscapes
- Develop and execute cost-saving procurement strategies
- Analyze procurement data to generate actionable insights
- Collaborate with internal teams to understand procurement needs
- Negotiate contracts with suppliers to secure favorable terms
- Monitor supplier performance and ensure compliance with contracts
- Prepare and maintain procurement activity reports
- Identify and recommend procurement process improvements
- Ensure compliance with company policies and industry regulations
- Support the development of a preferred supplier list
- Assist in the creation of RFPs, RFQs, and other procurement documents
- Maintain strong relationships with key suppliers
- Conduct risk assessments on supply chain vulnerabilities
- Track and report on procurement KPIs
- Participate in strategic planning for long-term procurement goals
- Train team members on procurement processes and best practices

Ideal Candidate

The ideal candidate for the Procurement Strategy Analyst role will possess a Bachelor's degree in Business, Supply Chain Management, Finance, or a related field, coupled with 3-5 years of hands-on experience in procurement or supply chain management. This individual should excel in analytical and problem-solving tasks and demonstrate a strong proficiency with procurement software and tools, including ERP systems like SAP or Oracle. Exceptional communication and negotiation skills, along with proficiency in data analysis and market research techniques, are crucial. The candidate will exhibit a proven ability to build and sustain strong supplier relationships, negotiate favorable contract terms, and monitor supplier performance to ensure compliance. The ideal candidate will have a deep understanding of procurement best practices and regulatory requirements, maintain meticulous attention to detail, and demonstrate excellent organizational skills. They will have a track record of achieving cost savings and process improvements while adeptly managing multiple tasks and priorities. This person will also display high integrity, ethical standards, and the ability to collaborate effectively with cross-functional teams. Additionally, procurement or supply chain management certification, financial acumen, and a tech-savvy mindset will be advantageous. The perfect fit will be a strategic thinker, proactive, adaptable, and capable of handling stress and pressure in a fast-paced environment, all while being goal-oriented, innovative, and committed to continuous learning and professional development in the field of procurement.

On a typical day, you will...

- Conduct in-depth market research to identify trends, pricing, and supplier landscapes
- Develop and implement procurement strategies to achieve cost savings and efficiency goals
- Analyze and interpret procurement data to provide insights and recommendations
- Collaborate with cross-functional teams to understand business needs and align procurement activities
- Evaluate and negotiate contracts with suppliers to secure favorable terms and conditions
- Monitor supplier performance and compliance with contractual obligations and quality standards
- Create and maintain comprehensive reports on procurement activities and outcomes
- Identify opportunities for process improvements and cost reduction in procurement practices
- Ensure adherence to company policies, industry regulations, and ethical standards in procurement
- Support the development and maintenance of a preferred supplier list
- Assist in the preparation of Request for Proposals (RFPs), Request for Quotations (RFQs), and other procurement documents
- Foster and maintain strong relationships with existing suppliers to ensure reliability and quality
- Conduct risk assessments and mitigate potential supply chain disruptions
- Track and report on key performance indicators (KPIs) related to procurement
- Participate in strategic planning sessions and contribute to long-term procurement goals
- Provide training and support to team members on procurement processes and best practices.

What we are looking for

- Highly analytical and detail-oriented
- Strong strategic thinking and problem-solving abilities
- Effective communicator with excellent negotiation skills
- Ability to build and maintain strong professional relationships
- Proactive and able to anticipate challenges and solutions
- Adaptable in a fast-paced and dynamic environment
- Strong organizational and time management skills
- High level of integrity and ethical standards
- Team player with a collaborative mindset
- Results-driven and goal-oriented
- Continuous learner with a passion for procurement and supply chain management
- Assertive and confident in decision-making
- Creative thinker with the ability to innovate procurement processes
- Technologically savvy and proficient with procurement software
- Strong financial acumen and understanding of cost structures
- Dependable and reliable with a strong work ethic
- Ability to manage stress and perform under pressure
- Culturally aware and able to work in diverse environments

What you can expect (benefits)

- Competitive salary range commensurate with experience
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company matching
- Paid time off, including vacation, holidays, and sick leave
- Flexible work hours and remote work options
- Professional development opportunities and training programs
- Tuition reimbursement for relevant courses and certifications
- Employee assistance program (EAP)
- Wellness programs and gym membership discounts
- Opportunities for career advancement and internal promotions
- Performance-based bonuses and incentives
- Childcare support and parental leave policies
- Company-sponsored social events and team-building activities
- Transportation and commuting allowances
- Mobile phone and technology allowances
- Employee recognition and reward programs
- Collaborative and inclusive company culture
- Access to modern office facilities with ergonomic workstations
- Discount on company products and services

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