PROCUREMENT ANALYST JOB DESCRIPTION
Mission of the Role
The Procurement Analyst contributes to a high-quality customer experience by sourcing products, analyzing data, and negotiating with suppliers. The buyer will work with team members across departments to develop procurement insights based on business trends and in step with SupplyOne’s procurement standards and practices.
Key Duties & Accountabilities
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Analyze slow moving inventory and develop remediation strategies to optimize procurement processes while protecting margins and service levels.
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Execute on going and perpetual review of core items to seek cost reductions from the marketplace by working with the Sales Team to identify margin improvement opportunities.
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Monitor and analyze sales transaction history to identify trends and seasonality helping to anticipate customer buying patterns forming the building blocks for the use of ERP forecasting tools.
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Source and present product opportunity pricing information to the Sales Team in a structured and organized manner providing insights and guidance on the best options based on each specific customer opportunity.
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Conduct market research, liaise with vendors, and seek new partnerships to keep the organization on the leading edge of the industry’s newest product developments.
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Consistently negotiate with vendors on product pricing, discount terms, and freight arrangements to optimize margins.
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Evaluate and synthesize large data sets to conduct analyses, develop insights, and provide data-driven recommendations.
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Develop SOP’s for ERP item creation and other core processes to ensure repeatability and consistency in the department.
Essential Functions
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Serve as liaison with customer service, sales, design, manufacturing, supply chain and corporate strategic procurement.
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Utilize knowledge of market trends and SupplyOne guidance and information to make insightful purchasing decisions.
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Use data analysis skillset to generate business insights and procurement opportunities.
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Cultivate and build relationships with new and existing suppliers.
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Participate as required in SupplyOne Procurement Council and initiatives.
Educational/ Training Requirements/ Experience
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Bachelor's Degree, certification, or diploma in appropriate field of study (computer science, finance, or business administration) or equivalent work experience.
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1-2 years' direct work experience as a business or procurement analyst considered an asset.
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Advanced MS Excel skillset.
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Demonstrated experience analyzing and modeling business, technical, and process requirements.
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Critical thinking and negotiation skills.
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Knowledge of sales and marketing principles is advantageous.
Minimum Skills, Knowledge & Ability Requirements
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Strong organizational and communication skills; ability to prioritize tasks.
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Deep knowledge and expertise in Microsoft suite of products specifically Excel, PowerBI and SQL experience would be considered an asset.
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Demonstrated initiative in personal professional development.
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Basic arithmetic including gross profit calculation.
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Highly motivated and self-directed, capable of multi-tasking, and able to work with minimal supervision.
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Attention to detail and accuracy.
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High level of ethics & personal integrity.
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Cross functional influencing and conflict management skills.
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Strong work ethic and positive team attitude.