Sourcing Analyst

Summary

Support the day to day execution of strategies for assigned categories and focus on reducing organizational spend to improve savings and enhancing relationships with business stakeholders and suppliers. Demonstrate the company's core values of respect, honesty, integrity, diversity, inclusion, and safety.ResponsibilitiesTactical SourcingDesign and execute sourcing events for pertinent categoryUtilize available e-sourcing and optimization tools efficientlyDevelop different award optimization scenarios to minimize total cost of ownershipRespond to supplier and stakeholder questions (e.g. category, supply, event, price, or specification)Support the execution of supplier financing programs maintaining a holistic view of early payment and accounts payables programsPrepare planning guide to facilitate the completion of the negotiation and support where neededSourcing AnalysisConduct opportunity assessments, benchmarking, and should cost modeling to develop sourcing opportunitiesPrepare category improvement projections and conduct post-implementation variance analysisIdentify total internal costs associated with supplier price, delivery, operations and qualityQuantify the overall total ownership cost of each product or service to identify cost savingsContract ManagementWork with the contract management team in the administration of contract data, addendums, item master sheets, and additional supplier documentationSupport category managers in the development of supplier performance/continuous improvement targets and related scorecardsWork with the SRM team in the administration of supplier assessments, score cards, and other analytics to manage supplier performancePartner with the KPI & Benefits team to develop a tracking mechanism to report and communicate the savings achievedAdditional SupportSupport other initiatives / projects in the company that may affect organization's performance and collaborate with necessary stakeholdersSupport talent development framework and proven experience in creating/maintaining training curriculumMust be able to perform the essential functions of this position with or without reasonable accommodationQualificationsMinimumBachelor's degree in Business Management, Supply Chain, Operations, Finance, CPG, or similar1-year professional experience in procurement activitiesAbility to identify, quantify and effectively communicate business risksSelf-starter, ability to work independently in a fast-paced environment while delivering solid action-oriented results quicklyAnalytical skills with the ability to identify, quantify and effectively leverage data to support business decisions, communicate opportunities and/or raise business risksAbility to monitor compliance with established guidelines, policies, procedures, and regulationsAbility to synthesize analysis into compelling oral and written communications and presentationsCPM/CPSM, CSCP or equivalent certificationExpertise in Microsoft Office, data visualization tools1-year professional experience in Procurement, Supply Chain, Manufacturing, or Retail#J-18808-Ljbffr

Job Description

Support the day to day execution of strategies for assigned categories and focus on reducing organizational spend to improve savings and enhancing relationships with business stakeholders and suppliers. Demonstrate the company's core values of respect, honesty, integrity, diversity, inclusion, and safety.ResponsibilitiesTactical SourcingDesign and execute sourcing events for pertinent categoryUtilize available e-sourcing and optimization tools efficientlyDevelop different award optimization scenarios to minimize total cost of ownershipRespond to supplier and stakeholder questions (e.g. category, supply, event, price, or specification)Support the execution of supplier financing programs maintaining a holistic view of early payment and accounts payables programsPrepare planning guide to facilitate the completion of the negotiation and support where neededSourcing AnalysisConduct opportunity assessments, benchmarking, and should cost modeling to develop sourcing opportunitiesPrepare category improvement projections and conduct post-implementation variance analysisIdentify total internal costs associated with supplier price, delivery, operations and qualityQuantify the overall total ownership cost of each product or service to identify cost savingsContract ManagementWork with the contract management team in the administration of contract data, addendums, item master sheets, and additional supplier documentationSupport category managers in the development of supplier performance/continuous improvement targets and related scorecardsWork with the SRM team in the administration of supplier assessments, score cards, and other analytics to manage supplier performancePartner with the KPI & Benefits team to develop a tracking mechanism to report and communicate the savings achievedAdditional SupportSupport other initiatives / projects in the company that may affect organization's performance and collaborate with necessary stakeholdersSupport talent development framework and proven experience in creating/maintaining training curriculumMust be able to perform the essential functions of this position with or without reasonable accommodationQualificationsMinimumBachelor's degree in Business Management, Supply Chain, Operations, Finance, CPG, or similar1-year professional experience in procurement activitiesAbility to identify, quantify and effectively communicate business risksSelf-starter, ability to work independently in a fast-paced environment while delivering solid action-oriented results quicklyAnalytical skills with the ability to identify, quantify and effectively leverage data to support business decisions, communicate opportunities and/or raise business risksAbility to monitor compliance with established guidelines, policies, procedures, and regulationsAbility to synthesize analysis into compelling oral and written communications and presentationsCPM/CPSM, CSCP or equivalent certificationExpertise in Microsoft Office, data visualization tools1-year professional experience in Procurement, Supply Chain, Manufacturing, or Retail#J-18808-Ljbffr