Purchasing Analyst Job Description
Purchasing Analyst Duties & Responsibilities
To write an effective purchasing analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included purchasing analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Purchasing Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Purchasing Analyst
List any licenses or certifications required by the position: APICS, NIGP, CPM, VCA, CPSM, FCCM, FDVA, CPCP, CFR, ISO
Education for Purchasing Analyst
Typically a job would require a certain level of education.
Employers hiring for the purchasing analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Engineering, Finance, Education, Supply Chain Management, Business/Administration, Accounting, Management, Economics, Associates
Skills for Purchasing Analyst
Desired skills for purchasing analyst include:
Desired experience for purchasing analyst includes:
Purchasing Analyst Examples
Purchasing Analyst Job Description
- Project Management – Collect, compile, assimilate, communicate and maintain information
- Evaluate and develop opportunities to improve the Purchasing process
- Coordination of release testing for Purchasing
- Research and investigate more complex quotes by partnering with RC Aftermarket Engineering, Commercial Engineering and RC Product Management to identify and classify parts that are not readily identifiable
- Manage a small group of suppliers by ensuring performance identified in a Supplier score card
- Prepares documents and reports to respond to and support internal and external audit requirements
- Recommends additional report requirements, , documents selection criteria for reporting and report types
- Assists Purchasing Management with the review of submitted RFPs
- Assist Purchasing Management with the Development of comprehensive RFPs
- Monitors vendor pricing compliance with fixed price and cost plus contracts
- Strategic sourcing of Components/Options on Development Aircraft Programs
- As the Supply Management representative on an Integrated Product Team (IPT) or Business Acquisition Team (BAT) leading all supplier activities and being the primary interface between the IPT and the supplier
- Proven experience in complex company performing analysis with strategic sourcing/ supply chain/ procurement/ purchasing
- Previous of job related work experience, undergraduate degree from a college or university or equivalent experience
- The position requires an undergraduate degree from a college / university or equivalent job related experience and a minimum of 1-2 years of experience
- Requires effective communications skills – both oral and written
Purchasing Analyst Job Description
- Supports corporate and region merchandising with procurement execution of contracts and agreements
- Create spend baseline for specific projects including data collection, segmentation and analysis
- Coordinate the maintenance of spend analytic accuracy, and clean up
- Maintain and develop relevant information on the Indirect Purchasing SharePoint Portal site
- Participate in the My Market and Source to Contract projects
- Place purchase order and prepare demand forecast to ensure operational inventory is stocked and purchase order from external customer can be filled
- Conduct demand forecast by model and part based on the usage and sales pattern analysis, inventory level, and supply lead-time
- Perform a weekly review of demand forecast accuracy considering current inventory and sales trends
- Coordinate purchasing items and their delivery schedule with the internal departments and the external customers
- Communicate with the headquarter to obtain to new product information, prices, availability and delivery schedule
- Familiar with technical spend such as transit, peering, and/or colocation
- Must exhibit strong interpersonal skills and a collaborative work style
- A relevant degree or equivalent with relevant job related experience
- Strong SAP AFS know-how
- Bachelor’s Degree required or work experiences maybe substituted for all or some of the education
- Understanding of manufacturing methods, special processes, blueprints and quality requirements
Purchasing Analyst Job Description
- Coordinates the preparation and execution of key contracts in a manner that ensures proper definition of the business relationship to mitigate and allocate the risk between Company and the supplier
- Negotiations contracts with low-risk suppliers
- Constantly search and seek out improvement for procurement process that eliminates non-value-added activity and incorporates relevant best practices
- Manages and provides training, customer service and direction to all locations that utilize corporate PCard services
- Coordinate activities of personnel engaged in PCard related buying as it relates to distributing materials, equipment, and supplies
- Manage best in class Pcard program and advises on complex issues as needed
- Conduct high dollar-value Pcard purchasing responsibilities, including research, negotiations, offering Pcard “buying” expertise, to ensure procurement of critical items is done IAW best in class policies, procedures, and regulatory requirements
- Develop and implement purchasing card contract management instructions, policies, and procedures
- Creates and manages cardholder files
- Reconcile financial transactions between the merchant, bank, and statements to ensure accuracy and compliance
- Working knowledge of basic accounting principles and financial concepts such as accruals
- Experience with electronic RFX system and a Contract management system, ideally SAP (MM/SRM)
- Travel Industry, GDS knowledge would be of advantage
- Basic finance and technical skills
- English
- Strong data analyst
Purchasing Analyst Job Description
- Develop and maintain a software, hardware, maintenance, and services renewal/expiration tracking process and tool integrated with the original proposed and as-is Bill of Material (BOM) and Bases of Estimate (BOE)s to track, coordinate, and manage required updates, renewals and maintenance actions necessary to ensure no loss of continuity and service
- On an on-going basis, coordinate with program leads responsible for each BOM/BOE item to initiate required procurement actions in timely manner accounting for vendor, procurement, and process lead times to ensure closure well prior to expiration dates
- Provide analysis and reporting relative to current BOM, historical procurements, updates and changes that may affect current procurements relative to upcoming procurements
- Coordinate and understand vendor and subcontractor changes in pricing and products that could affect current and future procurements in coordination with technical staff on the program
- Obtain preliminary quotes or analysis of publically available pricing for ROMs and exploratory cost estimates and coordinate with the technical staff to ensure draft requirements and estimated costs are in-line with expectations and determine if additional coordination is warranted
- Track and monitor quotes, Purchase Request (PR), and Purchase Order (PO) through completion to ensure what was expected is what was provided by the vendor to the procurement POC at each step in the process and that the procurement process proceeds in a timely manner
- Coordinate/support technical staff with historical BOM/BOE analysis, analysis of deltas between invoices received with expected invoices, vendors not getting paid and other analysis as needed
- Under general guidance from the Manager of the Project Management Office establish, monitor, coordinate and assist program leads with the HITS Program Metrics process
- Coordinate Program Level action item generation, maintenance, and accountability with program staff using the program action item-tracking tool
- Coordinate and manage program time card education, administration, and program submittal of time card data on a continuous basis
- Bachelor’s degree in production management, industrial engineering, supply chain/procurement management, or business management
- 1+ years of relevant experience in supply chain, engineering or process management
- Working knowledge of Procurement policy, principles and practices
- Capable of excellent communication at all levels of the company
- Sound understanding of company's general ledger structure across all ERP systems
- Some travel required to support program implementation, end-user training and supplier management
Purchasing Analyst Job Description
- Identifies opportunities to leverage technology for the management of data
- Develops policies, procedures and related process flows supporting best practices
- Performs training on system navigation and settings to ensure inventory standards
- Performs data rationalization and synchronization of items in the product file to the PDW
- Creates and maintains the automated transfer of inventory between locations
- Uploads data files into the system for updates to inventory and product file maintenance
- Implements procurement and replenishment paths regionally or globally
- Maintains communication with Pricing and Cost Administration
- Collaborates with Purchasing on inventory velocity, efficiency, and maintenance
- Manages purchasing role in supporting technology plans and managing data requirements other various tools, requirements, specifications, quality levels, delivery, cost, risk and data integrity, while understanding procurement tools
- Eight to Ten years buying experience preferred
- Significant knowledge of contracts/contracting methods including RFI/RFP development, proposal evaluation, bidding practices and shared risk agreements
- 5 years or more years of upstream oil & gas supply chain experience required, with extensive experience in strategic sourcing, contracts, commercial evaluations, and negotiations
- Exposure within warehousing, inventory, repairable management, commodities and services purchasing is desirable
- The ideal candidate will be comfortable working in a fast-paced environment
- Responsible to supply Manufacturing Brazil by properly execution of category strategies