Strategic Sourcing Analyst Job Description
Strategic sourcing analyst
provides support to the Strategic Sourcing team by loading and tracking key metrics for all global supplier contracts.
Strategic Sourcing Analyst Duties & Responsibilities
To write an effective strategic sourcing analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included strategic sourcing analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Retrieving data from IMMS data warehouse, supply and non- supply PO databases, and other IMMS systems, which may include work with mainframe systems, Access, SQL systems, VanAnalytics, and Lawson
Lead contractual negotiations and sourcing with external vendors and business owners
Collaborate with business owners to translate requirements into contractual binding terms, while mitigating risk and achieving significant costs for the firm
Coordinate negotiations of multiple agreements and requests for proposals while delivering timely results that mitigate risks and contains and contain costs for the firm
Develop and implement best in class customized commercial terms and conditions to meet the business needs
Evaluate appropriateness for required contractual agreements
Provide support to a team of four senior sourcing professionals in the negotiation of major front office contracts
Interface with business owners and conduct market research to understand and rationalize the specifications and requirements for services being negotiated
Work with sourcing leaders and business partners to drive the development of negotiation strategies with selected suppliers
Draft requests for information (“RFIs”) and requests for proposals (“RFPs”) to solicit supplier service offers
Strategic Sourcing Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Strategic Sourcing Analyst
List any licenses or certifications required by the position: CPM, APICS, CPIM, CIPS, ISM, CPA, CMA
Education for Strategic Sourcing Analyst
Typically a job would require a certain level of education.
Employers hiring for the strategic sourcing analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Finance, Engineering, Education, Supply Chain Management, Economics, Business/Administration, Management, Accounting, Statistics
Skills for Strategic Sourcing Analyst
Desired skills for strategic sourcing analyst include:
Excel
PowerPoint
Federal contracts and procurement rules
Outlook
Strategic Sourcing process and Ariba tools
Word
Regional and global supplier base for relevant commodities
Selected categories
Access
Desired experience for strategic sourcing analyst includes:
Customer and client service attitude
Ability to triangulate data needs and help identify critical trends
EProcurement application experience (Coupa, Basware Purchase Management) and eSourcing/eContracting (Emptoris) application experiencea plus
Bachelor's degree in business administration, supply chain management, or related discipline
Solid knowledge of risk management
Student must be pursuing a bachelors degree
Strategic Sourcing Analyst Examples
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Strategic Sourcing Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a strategic 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 strategic sourcing analyst
- Interact with the Category Management, preferred vendors, Sourcing network, FM Service line, Aix and other resources for estimating creation
- Ensure adherence to all Global Supply Chain & Procurement related processes
- Execute best practice including standardization of RFX templates, standardization of bid analysis, development of project summaries, adoption of project management tools
- Researches and analyzes categories in support of the development of sourcing strategies
- Supports category maintenance
- Support supplier relationship management
- Analyzing vendor contracts to verify billing compliance
- Assisting with the tracking, auditing, and reporting of savings for the PMI Strategic Sourcing team and other PMI tracking tools in collaboration with Dell IS staff or Vanguard Analytics team
- Assisting with data collection, quantification, and reporting for large scale PMI Strategic Sourcing initiatives
- Support other work streams needed to advance Tenet initiatives
Qualifications for strategic sourcing analyst
- Strong analytical capabilities with experience in quantitative analysis via field of study or career path
- Bachelor’s degree with GPA of 3.0 or higher
- Experience in supplier negotiations
- Registered student during entire internship period within accredited college or university with emphasis on the areas of business, economics, logistics, planning, supply chain, information systems, or operations
- Monitor new supplier launches, and PPV and expected costs
- Project management responsibility for productivity initiatives within department and supply base (ex
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Strategic Sourcing Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a strategic sourcing analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for strategic sourcing analyst
- Work with hospitals to validate spend and baselines for Strategic Sourcing initiatives
- Develop and maintain monthly Segment savings reports at the Business Unit, Division, Platform and Business Unit, Business Group, and Corporate levels
- Ensure business objectives are being met or exceeded, and strategic sourcing processes and systems are in compliance
- Negotiate and contract competitive terms and conditions, performance standards and Service Level Agreements
- Manage and lead multiple medium-to-large sourcing engagements, including current state and budget evaluation
- Development of strategy and approach, compiling scope of work and other requirements, drafting the RFx, evaluation of the vendor proposals, and negotiation of final business terms
- Organize and lead meetings with both internal stakeholders and external vendor partners
- Collaborate with internal partners
- Improve procurement quality and delivery to the customer via responsiveness and contract execution
- Reduce Lead Times to complete procurement process, from initial request to contract completion
Qualifications for strategic sourcing analyst
- Annual Key Performance Indicator achievement
- Manage quality issues
- Have a B.S
- Experience with commercial software (i.e., Statistical, Proposal Pricing, Inventory modeling & sourcing software such as Trade Extensions, Bravo Solutions, Ariba)
- A minimum of 3-5 years of experience in sourcing
- 3-5 years in a financial analysis, business intelligence, or sourcing function
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Strategic Sourcing Analyst Job Description
Job Description Example
Our growing company is hiring for a strategic sourcing analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for strategic sourcing analyst
- Focal point of all supply chain initiatives associated with the Cable and Cable assembly commodity (CCAO)
- Support all quoting and sampling activities within the CCAO commodity
- Lead make vs buy decisions for CCAO team
- Hold periodic business reviews with key/strategic suppliers to ensure T/E metrics and directives are being achieved
- Drive adherence to global procurement policies/procedures
- Responsible for (i) negotiation of pricing and terms and conditions for hardware, software, and related services
- Develop and recommend supply sources
- Expedite the procurement of parts or materials in short or critical supply
- Perform market analyses and competitive evaluations
- Coordinate quality matters, engineering and price changes between company components and suppliers
Qualifications for strategic sourcing analyst
- Ability to collate and create actionable reports from vast amounts of data
- Self starter, ability to work independently or as a part of a team
- Functional knowledge of applications enabling strategic sourcing such as Ariba, SAP, and Oracle (I-Procurement) preferred
- 3-5 years relevant work experience helpful but not necessary
- Need to be able to understand VBA (Visual basic) code
- Excellent people, communication and presentation skills
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Strategic Sourcing Analyst Job Description
Job Description Example
Our company is looking for a strategic sourcing analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for strategic sourcing analyst
- Developing and implementing plan to achieve MCR Goals for responsible commodities (KW and HRP)
- Leading and or supporting MCR projects in achievement of the individual and overall business goal
- Develop and implement plan to mitigate supply base risks
- Develop and implement plan to achieve Warranty and Quality goals with suppliers
- Act independently and without appreciable direction to analyze information and drive improvements in operating system and policies to achieve continuous improvement, cost, supply assurance and risk mitigation objectives
- Facilitate the need for change by discovering and highlighting entitlement opportunities by utilizing data mining and analysis techniques
- Ability to establish business cases to deliver quantifiable performance improvements
- Support team members and management in the application of analytical tools that support resolution of business problems
- Earn and maintain a high level of peer respect to be a leader in critical work process improvement initiatives
- Manage databases that support the Sourcing Operating System
Qualifications for strategic sourcing analyst
- Exceptional quality assurance and attention to detail
- In-depth knowledge of strategic sourcing lifecycle and practices
- In-depth knowledge of the TDBG organizational structure, General Ledger & Accounts Payable System
- Technical background is beneficial but not required
- Bachelor’s degree required, preferably in Engineering, Procurement/Supply Chain, or Business
- Minimum of 3-5 years experience as a data analyst
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Strategic Sourcing Analyst Job Description
Job Description Example
Our growing company is hiring for a strategic sourcing analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for strategic sourcing analyst
- Maintain master data records within the EPC Supply Chain
- Assist assigned functions/project areas with data analytics
- Track indexed market commodities, communicate market trends and project impact to overall cost
- Assist in development and implementation of the master data creation, approval, change, and obsolescence polices, processes and procedures for Vendor Masters, Material Masters, Customer Masters, and Bills of Materials
- Work in close relations with the Systems Business Division, Manufacturing MDM, Global Supply Chain, and MIS Team
- Act as process lead for all MDM workflows pertaining to the Systems Business Division
- Analyze workflow submissions for correct documentation per procedure
- Create, change and obsolete vendor master, material master and customer master records within the SAP system for the Systems Business Division
- Maintain process documents as procedures formulate for continuous improvement
- Maintain vendor standards and vendor numbering system
Qualifications for strategic sourcing analyst
- Demonstrated experience in project management with the ability to support/manage projects over multiple businesses, with 5-20 stakeholders, and spend ranging from $5M to $100M/annually
- Experience reviewing and drafting development, supply, and service agreements
- Driver and goal orientated
- Strong written, verbal, and listening skills that map to all levels of the organization from team members to Senior Management
- Minimum three years experience in a procurement or supply chain role with contract and price negotiation experience
- Experience with working automated purchasing systems