Job Description
Procurement Analyst Responsibilities:
- Determining supply needs and researching potential suppliers.
- Acting as a liaison and communicating pricing and performance needs to vendors and suppliers.
- Sourcing suppliers and testing product samples.
- Documenting the features and benefits of products and services.
- Preparing cost-benefit analysis reports for review by managers.
- Negotiating favorable procurement contracts with selected vendors and suppliers.
- Documenting processes and generating monthly supply cost reports.
- Monitoring the company's demand for products to avoid supply shortages.
- Keeping abreast of vendor and supplier-related activities in the industry.
Procurement Analyst Requirements:
- Bachelor's degree in finance, business, business administration, or accounting.
- An MBA degree in supply chain management will be advantageous.
- More than five years' procurement analysis experience in a related industry.
- Proficiency in electronic procurement and analytical software.
- In-depth business management, supply chain, and strategic sourcing knowledge.
- Advanced analytical skills.
- Exceptional negotiation skills.
- Excellent interpersonal and communication skills.