Sourcing Analyst Job Description
Sourcing analyst
provides category strategy support, including spend analysis, risk management/ mitigation, market research, category analysis, and sourcing event recommendations.
Sourcing Analyst Duties & Responsibilities
To write an effective sourcing analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included sourcing analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Draft and lead RFP processes or targeted negotiations
Perform PowerPoint presentations and maintain Category level information repository
Achieve a proper balance between the source selection options of factory specific, country specific and open bid pricing models that will enable the product category to meet corporate goals
Be an active participant and help facilitate timely development and commercialization of the seasonal product category you are responsible for
Drive the costing process with the product category team and liaison offices
Effective engagement and alignment with stakeholders to gain a comprehensive understanding of business requirements and to ensure that Procurement value delivery is understood and recognized as an important contributor to competitive advantage in the marketplace
Research and develop sourcing strategy options and work with Category/Commodity Managers on implementing the sourcing strategies approved by management
Participate on cross functional teams responsible for developing Request for Information (RFI's), Request for Proposals (RFP's), source plans, service contracts, supply agreements and CAPEX Authorization Process
Work with Category Managers and Director to support development and implementation of continuous improvement projects
Map processes, as required, and develop process cost analysis in conjunction with Category Managers
Sourcing Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Sourcing Analyst
List any licenses or certifications required by the position: APICS, CPM, ISM, CMVR, CDR, CIR, AIRS, CPIM, CPSM, ASCM
Education for Sourcing Analyst
Typically a job would require a certain level of education.
Employers hiring for the sourcing analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Business/Administration, Engineering, Education, Supply Chain Management, Economics, Accounting, Management, Mathematics
Skills for Sourcing Analyst
Desired skills for sourcing analyst include:
Excel
PowerPoint
Oracle
Market analysis
Negotiations
Sourcing category strategy
Key industry players
BI Apps
Multidisciplinary business principles and practices to achieve successful outcomes in cross-functional projects and activities
Business ethics and Starbucks Ethical Sourcing Requirements
Desired experience for sourcing analyst includes:
Drive to succeed and interest in rapid advancement within the company
Demonstrated negotiation and project planning skills
Bachelor's degree specializing in Manufacturing, Apparel Merchandising, or Business Administration OR equivalent working experience related to Costing and Sourcing
Must have the ability to work under pressure, to meet strict timelines and manage multiple tasks simultaneously
Benchmarking against peer companies and other industries will be performed
Ensure that our suppliers meet our quality requirements and applicable regulatory requirements by initiating appropriate action when supplier quality or compliance deficiencies are identified
Sourcing Analyst Examples
1
Sourcing Analyst Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of sourcing 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 sourcing analyst
- Align communications strategy to keep business partners informed of progress / benefits relating to strategic projects and initiatives
- Vendor identification, review / qualification
- Initiate and negotiate contract
- Identify future procurement opportunities to further procurement strategies
- Provide ad hoc analysis and reporting working with the Sr
- Monitor and report spend channel compliance related issues, underutilization of purchasing cards globally
- Develop training and mitigation plans for non-compliant business users
- Work with the Global Procurement organization, in a fast-paced, high volume support role
- Review, analyze, route, and resolve sourcing tasks as directed by a Senior Sourcing Manager
- Document and work through assigned requests to resolution and communicate with internal business stakeholders
Qualifications for sourcing analyst
- Two additional years relevant experience may be substituted in lieu of a degree
- Experience with marketing agencies and/or technology vendors, contracts review development, and managing statement of work process preferred
- Experience with an e-sourcing platform and electronic contract management tools preferred
- Influencing skills and excellent communications with the ability to work collaboratively with different teams
- Self-motivated, takes initiative and is proactive in their approach
- Exceptional interpersonal and communication (written and oral) skills with the ability to effectively work in a team environment and on an individual basis
2
Sourcing Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a sourcing 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 sourcing analyst
- Draft, negotiate and finalize contract
- Document and work through assigned requests to resolution
- Communicate with internal business stakeholders
- Collaborate with senior staff to troubleshoot, maintain documentation, identify process opportunities and implement solutions
- Complete data entry, data analysis, document drafting, template editing, and other administrative tasks
- Report to the Senior Category Manager, and coordinate with various internal business partners, and external suppliers
- Run reports using tools to provide supplier spend and analytics
- Perform external market assessments for the ADM space utilizing subscriptions and internet
- Coordinate RFI (Request for Information) activities to support external supply market assessments
- Managing the relationship with vendors and acting as their primary sourcing contact for the company
Qualifications for sourcing analyst
- Bachelor's Degree in Finance, Business or related field or equivalent experience, or database
- Bachelor's degree in business, marketing, supply chain, finance, pre-law or related field with 2 years directly relevant work experience, experience in a global company is highly preferred
- A desire to understand the supplier marketplace for the assigned category(ies)
- Negotiating renewals and new agreements, managing the full contractual process and life-cycle according to standard firm guidelines
- Strategizing with vendors and internal clients, on all levels, to drive value for the firm
- Developing and maintaining an expertise in each managed vendor to formulate strategic recommendations
3
Sourcing Analyst Job Description
Job Description Example
Our growing company is looking to fill the role of sourcing 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 sourcing analyst
- Develop standardized sourcing reports/tools, establish KPI’s and performance report cards for both internal and vendor performance
- Analyze and make recommendations based on report data to improve process and mitigate risks
- Develop and assist internal onboarding and training approach and methodology
- Negotiating high end contracts including but not limited to statement of work agreements and milestone contracts with suppliers and continue to monitor the supplier contracts to closure
- Working in conjunction with the commodity and product teams to provide purchasing input for make buy decisions, drive cost savings, and research potential new suppliers
- Understanding contractual obligations to Cloud Cap Technology customers and in turn flow down appropriate requirements to suppliers while assessing all risks that Cloud Cap Technology is accepting based on gaps between customer and supplier terms and conditions
- Tracking and reporting cost savings for product and non-product purchasing
- Analyze and benchmark big or complex data sets including, but not limited to, media data sets (both linear & non-linear), show & event costs (transportation, set, lighting & grip, stages, equipment rentals, ), 3rd party production costs
- Provide primary Sourcing support for internal business partners for sourcing requests including
- Develop and implement key sourcing strategies and utilize eRFX to deliver value and savings for the firm
Qualifications for sourcing analyst
- Experience constructing, implementing, and communicating new operational processes and procedures
- Previous experience with large-scale organization transformations and system implementations (e.g., ERP, cloud-based applications, PLM) preferred
- Skilled in executive reporting and dash boarding to illustrate progress and summarize risk
- Must exercise initiative and independent judgment to complete multiple projects
- Excellent self-management skills through a collaboratively directive approach
- Excellent communication skills with strong ability to build meaningful cross-functional relationships and buy-in
4
Sourcing Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a sourcing 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 sourcing analyst
- Mentor and coach Analysts within the team to make sure that knowledge is appropriately shared and team objectives are met
- Maintain accurate, reliable and up-to-date information in the MRP system
- Maintain sourcing database(s) to ensure reporting is accurate
- Develop effective internal stakeholder and supplier relationships
- Assisting with the development of RFx scoring models and sourcing initiatives supporting the RFx end to end process when needed
- Assist in the input of work into the Ariba Sourcing tool when needed
- Following and creating sourcing project plans, deliverables, metrics and milestones for associated projects
- Work to identify and implement continuous improvement in sourcing strategies and compliance
- Responsible for timeliness of end-to-end PO processing
- Tracks and monitoring approval process
Qualifications for sourcing analyst
- National Diploma in Supply Chain Management/ Logistic or relevant NQF 5 level
- Procurement or Technical experience will be an advantage
- Bachelor’s degree and at least 3 years of demonstrated experience in purchasing and contract management or related work
- Demonstrates strong analytical and problem-solving skills, is detailed-oriented
- Position requires the ability to interact with employees at all levels within the Company
- BA/BS degree in Finance/Engineering/Mathematics or related technical field
5
Sourcing Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a sourcing 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 sourcing analyst
- Ensures alignment with business and IT requirements
- Key contact for invoice escalation management working Accounts Payable and PO requestors, including NSPTA’s
- Works with and directs the work of the PO processing back office team for SmartBuy input and Invoice escalations
- Produces Monthly, Quarterly, and Ad Hoc Reporting Package including vendor renewal calendar and TAT metrics
- Focal point for Ad Hoc sourcing issues
- Will assist in creating a system for improved tracking, reporting, and updating of Key Performance Indicators (KPIs) regarding overall organic milk purchases, including financial, quality, and service level indicators
- Supplier Relationship Management responsibility for assigned suppliers
- Collaboration with internal Stakeholders (Quality, Global Packaging Development, Engineering, Manufacturing Science, International Label Development) for new product launch activities, new item early engagement and improvement, optimization opportunities
- Presentation support to the SW Sourcing Lead
- Support actively with a good spirit and collaboration within the team and the entire organization
Qualifications for sourcing analyst
- Good understanding of sourcing process management
- Own and develop business processes to the highest standards of efficiency, control and accuracy
- Applicants with tertiary qualification in Accounting/Finance, Economics or Mathematics are preferred
- Providing professional purchasing activities
- Analyzing vendors and specifications
- Resolving discrepancies and problems