Senior Procurement Analyst Job Description
Senior procurement analyst
provides clear resource planning and the ability to carve and outsource appropriate tasks/functions to allow the internal team to operate effectively.
Senior Procurement Analyst Duties & Responsibilities
To write an effective senior procurement analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included senior procurement analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Collaborates with Business Partners to drive value for the business, while maintaining high quality service standards
Develop knowledge of competitors' products, services and external environment
Perform market research to understand latest trends in Electronics industry and potential impact to business
Gather and analyze key procurement data using data collection techniques (e.g., downloading of transactional data to spreadsheet format) and create metrics in order to report results to Senior Management to be used in business plan and strategy development
Ensures key Business Partner alignment and satisfaction
Understand and manipulate third party spend data from SPE’s various spend and cost management systems
Gather market research/data and conduct qualitative and quantitative analysis to develop sourcing strategies and recommendations
Monitor and fulfill all relevant security requests for the Coupa procurement platform
Research, debug, document and relay all relevant issue information to the Coupa support team via online ticketing system
Develop cost models of suppliers’ facilities and processes
Senior Procurement Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Procurement Analyst
List any licenses or certifications required by the position: ISM, APICS, CPM, CPIM, ITIL, CPSM, CMA, CPA, MBA, IAM
Education for Senior Procurement Analyst
Typically a job would require a certain level of education.
Employers hiring for the senior procurement analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Engineering, Education, Business, Finance, Accounting, MBA, Supply Chain Management, Management, Business/Administration, Economics
Skills for Senior Procurement Analyst
Desired skills for senior procurement analyst include:
FDA requirements
Ability to understand and resolve data inconsistencies
Variances
How to effectively operate in a regulated procurement environment
Access and advanced experience in Excel
Business
Competitors' products
Financial processes necessary to effectively perform internal Company analyses
Functions
Ability to determine appropriate measures
Desired experience for senior procurement analyst includes:
A key regional strategy is the transformation of the existing P2P process including the development of a procurement operations capability and the redesign and process improvement of the existing Shared Services AP back-end to drive efficiencies
College degree, preferably B.A
The position requires a deep understanding of quantitative techniques and modeling
The position will be responsible for developing and implementing complex models and decision frameworks
Strong computer skills, including knowledge of SAP systems
Lead the preparation of timely and insightful reporting
Senior Procurement Analyst Examples
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Senior Procurement Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a senior procurement analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for senior procurement analyst
- Derive and report insights from procurement analysis to affected stakeholders in the form of Spend Category Opportunity Assessments, Supply Market Business Profiles, Strategic Sourcing and Category Management Plans, and Negotiation Strategies, Savings Calculations, as needed
- Establish monthly reports and maintain effective reviews of actual results against the targets with Procurement and Business Units
- Interface with Sales, Marketing, Finance and other departments to understand business requirements and challenges
- Partners with buyers and supplier quality engineers to resolve delivery and quality issues, respectively
- Analyze and evaluate (on a quantitative or qualitative basis) the effectiveness of line program operations in meeting goals and objectives
- Review and prepare contract documents in accordance with corporate
- The position will be expected to communicate primarily with internal stakeholders but may also have discussions with external suppliers and 3rd party (e.g., consultants, industry organizations)
- Work will be done individually and in teams
- Implement and maintain systems and process for metric collection and management
- Measure and report the procurement team’s performance against key management metrics
Qualifications for senior procurement analyst
- Minimum of two years' direct relevant work experience with a Fortune 500 or multi-national consumer products strongly preferred
- Team-player attitude with a strong inclination for close collaboration
- Working knowledge of Contracts, Procurement and Vendor Management best practices with knowledge of various industry contract types, pricing structures, terms and conditions, warrantees, SLAs
- Must have demonstrated accuracy, attention to detail, and multi-tasking skills Demonstrated record of initiative
- Shall have a minimum of 8 years' experience in conducting comprehensive program and management support activities and at least 4 of the 8 years of experience should include providing program mgmt
- Any combination of experience and training that would likely provide the required knowledge and skills
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Senior Procurement Analyst Job Description
Job Description Example
Our company is looking to fill the role of senior procurement analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior procurement analyst
- Meeting with members of various marketing departments to confirm actual and planned spends
- Providing and reviewing coding of marketing spends including P-cards, check requests, wire transfers and shopping carts
- Analyzing allocated costs recorded by location to create algorithms for budgeting and forecasting purposes and prepares reports for territories of actual allocated costs
- Maintaining by-title EFC and Ultimate reports and issuing management reporting to departments to help in managing budgets
- Preparing, analyzing, and reconciling vendor spend reports
- Liaising with Accounts Payable to ensure accurate and timely payments are made
- Process requisitions, purchase orders and assist with invoice reconciliation
- Analyze corporate requirements and source cost effective solutions
- Produce monthly departmental and SOX reports
- Manage assigned categories for supplier performance program and produce key departmental metrics
Qualifications for senior procurement analyst
- Typically requires a degree in a related field (or the equivalent education and experience)
- A Bachelors Degree (or equivalent) in a related subject
- Deep domain expertise with established thought leadership in Sourcing, Procurement and Supply Chain Management
- Strong understanding of Total Cost of Ownership and how trade off decisions impact delivered cost
- Leverages interpersonal skills to build and maintain relationships both internally and externally
- Exudes strong ability to multi-task with a sense of urgency in a fast paced work environment
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Senior Procurement Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of senior procurement analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior procurement analyst
- Participate on various process improvement teams within the group in an effort to streamline functions
- Work with vendors and business units to resolve invoicing errors/issues
- Support the analysis of spend department reporting (e.g., process and supplier performance, analytics, periodic and adhoc reporting)
- Introduce innovation across the Procure to Pay end-to-end process to reduce cycle times and costs
- Serve as an expert analyst in the assessment (including technological and operational) and improvement of operational effectiveness and efficiency or the improvement of complex management and operational policies, processes and systems
- Consult with management to prepare detailed plans, goals, objectives, operational or information technology requirements, and criteria for complex or high-value management policies, processes and systems
- Other operational performance and policy tasks as assigned
- Mine data from a variety of sources within Dean that will provide a comprehensive analysis of Dean’s usage and spend of key ingredient commodities and related costs, and other main drivers of Procurement FP&A expense
- Assist with cost analysis to support RFPs and pricing exercises, work on special projects and develop various ad-hoc reports as needed
- Manage a synchronized and streamlined process to track baseline spend across all strategically sourced categories for RFP and negotiation support
Qualifications for senior procurement analyst
- Minimum of 2 years' of recruiting
- Minimum of 2 years' in a client facing role communicating with management
- Minimum of 1 year experience working in IQ Navigator
- Bachelor’s degree in a related field and 3+ years strategic sourcing experience
- Familiarity with ERP systems for RFQs, POs, receiving, invoicing
- BA/BS degree in Accounting/Finance or related field (strongly preferred)
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Senior Procurement Analyst Job Description
Job Description Example
Our innovative and growing company is looking for a senior procurement analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for senior procurement analyst
- Act as the focal point for all communication with law, finance and business teams for resolution of contract issues and disputes
- Curate data (from disparate data sources) so to meet business planning and strategy development needs—data accuracy and accessibility is paramount
- Develop financial models to allow for margin management analysis
- Prepare summary analyses and presentation packages to discuss recommendations for action with Procurement, Brand & Senior Management
- Analyze & Report on cost reduction projects for assigned areas
- Support the annual financial plan and monthly forecast processes
- Identify areas for continuous improvement and cost savings
- Leverage analytics and insights that deliver solutions
- Working as a Supplier Management liaison in support of the Global Trade Control (GTC) and Supply Chain Security (SCS) organizations
- Provide guidance and support to the BDS SM organization in the application of U.S. Government export/import regulations including but not limited to, International Traffic in Arms Regulations (ITAR), Export Administration Regulations (EAR), and US Customs and Border Protection Regulations, amongst others related to Non-U.S. procurements
Qualifications for senior procurement analyst
- Ability to analyze data, present information clearly, research procurement related issues and understand the components of marketing budgets
- Proficiency in Excel and Access in order to manipulate large amounts of data
- Proficiency in Windows, Word, and PowerPoint
- Strong written and verbal communication skills, as this role interact with all levels of personnel, including upper management
- Second European language preferred (Spanish)
- Strong analytical skills is a must superior understanding of MS Excel
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Senior Procurement Analyst Job Description
Job Description Example
Our growing company is looking for a senior procurement analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior procurement analyst
- Curate data (from disparate data sources) to meet business planning and strategy development needs—data accuracy and accessibility is paramount
- Monitors vendor performance to ensure ongoing level of service meets the requirements as determined by the business or the contract
- Assists with other site-specific tasks
- Consistently interacts with end-users
- Attends quarterly meetings with critical vendors as needed
- Tracks and reports savings monthly
- Keeps end-users briefed on order status
- Manages “Open Order” report
- Creates and maintains Wuxi numbers
- Updates “Reserves” spreadsheet
Qualifications for senior procurement analyst
- Build, maintain and enhance relationships with our internal and external stakeholders
- Proven experience of leading a procurement end-to end process in a Shared Services environment
- Must be able to interact well with others in a team environment meeting time-sensitive requirements
- Experience in carrier facing skills in a fast-paced environment
- Graduate/Post-Graduate from a reputed institution
- Strong customer focus and ability to cooperate with senior stakeholders