Purchasing Analyst
Accounting

Purchasing Analyst

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

63000
yearly U.S. wage
25200
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 dynamic staffing agency bridging the gap between Latin American talent and US-based businesses. We specialize in connecting skilled professionals from Latin America with small and medium-sized businesses, startups, and firms across the United States. Our mission is to provide top-tier staffing solutions that enable US companies to access a diverse pool of talented individuals while offering exciting career opportunities to Latin American professionals. By leveraging our extensive network and deep understanding of both markets, Vintti facilitates mutually beneficial partnerships that drive growth and innovation for our clients and candidates alike.

Description

A Purchasing Analyst plays a crucial role in an organization's supply chain by evaluating and optimizing procurement processes, ensuring that products and services are acquired at the best possible prices and quality. They are responsible for analyzing market trends, negotiating with suppliers, and managing vendor relationships to achieve cost savings and operational efficiency. Additionally, Purchasing Analysts continuously assess inventory levels, monitor supplier performance, and support strategic sourcing initiatives. Their work helps maintain a steady flow of necessary goods and services, ultimately contributing to the company's overall profitability and success.

Requirements

- Bachelor's degree in supply chain management, business administration, finance, or a related field.
- Proven experience as a Purchasing Analyst or in a similar procurement role.
- Strong analytical skills with the ability to interpret complex data and make data-driven decisions.
- Proficient in Microsoft Office Suite, particularly Excel, and experience with procurement software or ERP systems.
- Excellent negotiation skills and ability to develop strong vendor relationships.
- Strong communication and interpersonal skills.
- Detail-oriented with a high degree of accuracy in processing purchasing documents.
- Knowledge of supply chain management principles and best practices.
- Ability to manage multiple tasks and prioritize work effectively.
- Problem-solving skills with the ability to address and resolve purchasing-related issues.
- Understanding of market analysis and forecasting techniques.
- Familiarity with sourcing and vendor management.
- Capability to work both independently and as part of a team.
- Good organizational and time-management skills.
- Knowledge of relevant laws, regulations, and ethical standards regarding procurement.
- Experience with inventory management and control.
- Basic understanding of accounting and financial principles related to procurement activities.
- Ability to present findings and recommendations clearly in written and verbal forms.
- Certified Professional in Supply Management (CPSM) or similar certification is a plus.

Responsabilities

- Analyze purchasing trends to identify cost-saving opportunities and supply chain efficiencies.
- Review and process purchase requisitions and orders for accuracy and compliance with company policies.
- Conduct supplier evaluations and performance reviews to ensure quality and reliability.
- Coordinate with vendors and suppliers for timely delivery and resolution of issues.
- Monitor inventory levels and forecast future needs to prevent stockouts and overstock situations.
- Prepare and present detailed reports on procurement activities, cost analysis, and market trends.
- Negotiate contracts and terms with suppliers to secure the best deals for the company.
- Maintain and update purchasing records, supplier databases, and contract files.
- Collaborate with internal departments such as finance, operations, and production to align purchasing activities with company goals.
- Identify and implement process improvements to streamline procurement activities.
- Stay informed about market conditions, pricing trends, and new products or services.
- Ensure compliance with regulatory requirements and internal policies during purchasing processes.
- Resolve any discrepancies or issues related to invoices, purchase orders, and deliveries.
- Assist in developing and implementing strategic sourcing initiatives.
- Support the management in budget planning and cost reduction programs.
- Build and maintain strong relationships with key suppliers and stakeholders.
- Provide training and guidance to junior purchasing staff and new hires.

Ideal Candidate

The ideal candidate for the role of Purchasing Analyst will possess a Bachelor's degree in supply chain management, business administration, finance, or a related field, complemented by proven experience in a similar procurement role. They will demonstrate a strong analytical mindset and attention to detail, coupled with the ability to interpret complex data and make data-driven decisions. Proficiency in Microsoft Office Suite, particularly Excel, and experience with procurement software or ERP systems is essential. The candidate will excel in negotiation, fostering strong vendor relationships, and have excellent problem-solving skills to address and resolve purchasing-related issues. Strong communication and interpersonal skills, along with the capability to work both independently and as part of a team, are critical. The ideal candidate will be highly organized, able to manage multiple priorities efficiently, and maintain a high degree of accuracy in processing purchasing documents. They will exhibit integrity, ethical judgment, and a proactive approach to staying informed about industry trends and best practices. Additionally, familiarity with supply chain management principles, market analysis, forecasting techniques, and relevant regulatory requirements will set them apart. A Certified Professional in Supply Management (CPSM) or similar certification is a plus. This individual will be a collaborative team player, strategic thinker, and have the ability to foster strong vendor relationships while maintaining a customer service-oriented attitude. Resilience and adaptability to changing market conditions, a proactive initiative, and eagerness to learn will round out their profile as the perfect fit for this role.

On a typical day, you will...

- Analyze purchasing trends to identify cost-saving opportunities and supply chain efficiencies.
- Review and process purchase requisitions and orders for accuracy and compliance with company policies.
- Conduct supplier evaluations and performance reviews to ensure quality and reliability.
- Coordinate with vendors and suppliers for timely delivery and resolution of issues.
- Monitor inventory levels and forecast future needs to prevent stockouts and overstock situations.
- Prepare and present detailed reports on procurement activities, cost analysis, and market trends.
- Negotiate contracts and terms with suppliers to secure the best deals for the company.
- Maintain and update purchasing records, supplier databases, and contract files.
- Collaborate with internal departments such as finance, operations, and production to align purchasing activities with company goals.
- Identify and implement process improvements to streamline procurement activities.
- Stay informed about market conditions, pricing trends, and new products or services.
- Ensure compliance with regulatory requirements and internal policies during purchasing processes.
- Resolve any discrepancies or issues related to invoices, purchase orders, and deliveries.
- Assist in developing and implementing strategic sourcing initiatives.
- Support the management in budget planning and cost reduction programs.
- Build and maintain strong relationships with key suppliers and stakeholders.
- Provide training and guidance to junior purchasing staff and new hires.

What we are looking for

- Strong analytical mindset and attention to detail.
- Excellent problem-solving aptitude.
- High degree of accuracy in handling data and documents.
- Effective communication and interpersonal skills.
- Proactive and able to take initiative.
- Resilient and adaptable to changing market conditions.
- Ability to manage multiple priorities efficiently.
- Strong negotiating capabilities.
- Collaborative team player.
- Integrity and ethical judgment in procurement practices.
- Customer service-oriented attitude.
- Strategic thinker with a focus on long-term goals.
- Ability to maintain and foster strong vendor relationships.
- Independent worker with minimal supervision requirements.
- Eagerness to learn and stay updated on industry trends and best practices.

What you can expect (benefits)

- Competitive salary range based on experience and qualifications
- Comprehensive health insurance (medical, dental, vision)
- 401(k) retirement plan with company match
- Paid time off (vacation, sick leave, holidays)
- Flexible work schedule
- Opportunities for remote work or telecommuting
- Professional development and training programs
- Tuition reimbursement for continued education
- Employee wellness programs
- Life and disability insurance
- Employee assistance program (EAP)
- Career advancement and growth opportunities
- Company-sponsored events and team-building activities
- Performance bonuses and incentive programs
- On-site gym or fitness membership discounts
- Commuter benefits or transportation allowance
- Supportive and inclusive work environment
- Access to industry conferences and networking events
- Employee discounts on company products/services

Vintti logo

Do you want to find amazing talent?

See how we can help you find a perfect match in only 20 days.

Purchasing Analyst FAQs

Here are some common questions about our staffing services for startups across various industries.

More Job Descriptions

Browse all roles
Browse all roles

Start Hiring Remote

Find the talent you need to grow your business

You can secure high-quality South American talent in just 20 days and for around $9,000 USD per year.

Start Hiring For Free