Procurement Data Analyst
2 weeks ago
The Analyst primary responsibility is to support procurement teams in gathering cost information and identifying savings opportunities by conducting analysis on spend, design, and sourcing data.
RESPONSIBILIETIES:
- Support annual savings targets for assigned category through the use of sophisticated analysis tools including cost benchmarking, best-of-best analysis, regression analysis, Linear Price Progression (LPP), and price analysis over time by supplier and sub-category.
- Collaborate with Category leads, Buyers and Procurement project leads to implement cost optimization projects.
- Develop cost driver and raw material impact analysis for assigned categories and identify cost take out opportunities; recommend pricing strategies.
- Prepare fact-based data packs for Category leads to use in negotiations.
- Assist in submitting Request for Quote (RFQ) events, bid analytics including total landed cost calculations and support in developing sourcing scenarios.
- Update savings analytics dashboards, support spend optimization projects including standardization of global MSC codes, analysis of part similarities, top spend parts, and similar activities.
- Track execution of savings opportunities through category Key Performance Indicators (KPIs).
**Requirements**:
- Bachelor’s Degree in Engineering, Computer Science, Supply Chain, Accounting, Finance or Statistics.
- 3+ years’ experience in Procurement, Supply Chain, Finance or Business.
- Familiarity with purchasing and supply chain management.
- Advanced analytical skills with expertise in Microsoft Excel (MS Excel), and Business Intelligence (BI) tools like Power BI and Tableau.
- Project Management skills.
- Interpret drawings and technical specifications as well as relevant cost knowledge for different types of categories.
- Self-driven individual, able to work with mínimal direction to consistently look for opportunities.
- Data consolidation & presentation skills. Ability to analyze, synthesize information from diverse sources, present findings clearly / concisely, and communicate that analysis effectively to business partners.
- Strong communicator and ability to manage/prioritize multiple key activities simultaneously.
- Work cross-functionally in a culturally diverse environment and quickly build strong rapport and relationships with Procurement partners, including interaction with Senior Leaders and working across multiple regions/time.
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