Procurement Analyst

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Job description

Our client is looking for a Procurement Analyst to join their team!

Job Overview:
As a Senior Procurement Analyst, you will be responsible for optimizing the procurement of goods and services, developing vendor relationships, managing contract negotiations, and performing data analysis to support cost-effective purchasing strategies. The ideal candidate will have a strong understanding of procurement best practices, market analysis, and experience working with cross-functional teams to achieve organizational objectives.

Key Responsibilities:

• Lead procurement initiatives and vendor negotiations to secure favorable terms, pricing, and quality.
• Analyze spending trends, vendor performance, and market conditions to identify opportunities for cost savings.
• Develop, implement, and refine procurement strategies that align with company goals and objectives.
• Conduct RFQs, RFPs, and bid processes to evaluate suppliers and ensure optimal value for the company.
• Collaborate with internal stakeholders to understand purchasing needs and recommend improvements to procurement processes.
• Ensure compliance with company procurement policies, legal requirements, and regulatory standards.
• Provide ongoing reporting and analysis on procurement activities, supplier performance, and cost savings.
• Drive continuous improvement initiatives in procurement processes and systems.

Qualifications:

• Bachelor's degree in Supply Chain Management, Business, Finance, or a related field.
• 5+ years of experience in procurement, supply chain management, or related fields.
• Strong knowledge of procurement processes, contract management, and vendor negotiation.
• Proficiency in procurement software and tools (e.g., ERP, SAP, Oracle, or other procurement systems).
• Excellent analytical skills with the ability to interpret data and provide actionable insights.
• Strong communication and interpersonal skills to work effectively with suppliers and internal teams.
• Certified Professional in Supply Management (CPSM) or Certified Purchasing Professional (CPP) is a plus.

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