Sourcing Analyst

Tarter Gate Company, LLC•Dunnville, KY

6d•Hybrid

About The Position

The Sourcing Analyst supports the strategic sourcing and procurement function by providing data-driven insights, managing purchasing systems, maintaining procurement data integrity, and delivering market intelligence that enables informed business decisions. This position is responsible for spend analysis, supplier and market research, procurement KPI reporting, system administration, and data management. The Sourcing Analyst partners with Procurement, Finance, Operations, Supply Chain, IT, and other cross-functional teams to identify cost-saving opportunities, improve supplier performance, strengthen purchasing processes, and maximize the effectiveness of procurement systems. The ideal candidate combines strong analytical and problem-solving skills with exceptional attention to detail, data accuracy, and the ability to translate complex information into actionable business recommendations.

Requirements

2–5 years of experience in procurement, sourcing, supply chain, purchasing, business analytics, or a related field.
Experience working with ERP or procurement systems such as SAP, Oracle, Coupa, Ariba, Microsoft Dynamics, or similar.
Bachelor's degree in Supply Chain Management, Procurement, Business Analytics, Finance, Business Administration, or a related field required.
Working knowledge of strategic sourcing principles, procurement processes, and supply chain fundamentals.
Working knowledge of spend analysis and procurement KPIs.
Working knowledge of supplier management and supplier performance management.
Working knowledge of purchasing systems, ERP systems, and procurement master data.
Working knowledge of contract compliance.
Working knowledge of market research and benchmarking.
Working knowledge of data analytics and visualization.
Demonstrated ability to analyze large volumes of procurement and spend data.
Demonstrated ability to develop meaningful reports and dashboards.
Demonstrated ability to identify trends and translate data into actionable recommendations.
Demonstrated ability to conduct supplier and market research.
Demonstrated ability to maintain highly accurate master data.
Demonstrated ability to use advanced Excel functions for analysis.
Demonstrated ability to communicate analytical findings to non-technical audiences.
Demonstrated ability to manage multiple projects and competing priorities.
Demonstrated ability to work collaboratively across departments.
Demonstrated ability to identify process inefficiencies and recommend improvements.
Ability to think analytically and strategically.
Ability to maintain exceptional attention to detail.
Ability to work independently with minimal supervision.
Ability to manage confidential financial and supplier information.
Ability to meet deadlines in a fast-paced environment.
Ability to prioritize competing requests.
Ability to identify errors and inconsistencies in complex datasets.
Ability to translate complex information into clear business recommendations.
Ability to build effective relationships with internal and external stakeholders.

Nice To Haves

Experience with spend analytics, reporting, and procurement data management preferred.
Manufacturing or industrial procurement experience preferred.
Advanced Microsoft Excel skills.
Experience with Power BI, Tableau, or similar reporting and visualization tools.
Experience developing procurement dashboards.
Experience with data visualization and business intelligence tools.
Knowledge of supplier performance management.
Knowledge of strategic sourcing methodologies.
Experience supporting RFQ/RFP processes.
APICS, CPSM, or other supply chain/procurement certification preferred.
Working knowledge of manufacturing and industrial procurement.

Responsibilities

Analyze organizational spend and develop sourcing insights and recommendations.
Develop and maintain procurement KPIs, dashboards, and reporting.
Conduct supplier, commodity, and market research.
Maintain purchasing systems, supplier information, catalogs, and procurement workflows.
Maintain procurement master data integrity and perform data audits.
Support strategic sourcing projects and supplier performance reviews.
Identify and implement continuous improvements in procurement processes and reporting.
Analyze organizational spend across suppliers, categories, locations, and business units.
Identify cost-saving opportunities, sourcing strategies, and opportunities for supplier consolidation.
Develop recurring and ad hoc spend reports to support procurement planning and executive decision-making.
Monitor purchasing trends and identify opportunities to improve contract compliance and purchasing processes.
Validate procurement data to ensure accurate spend visibility and reporting.
Analyze purchasing activity against budgets, contracts, and established sourcing strategies.
Develop, maintain, and distribute procurement dashboards and key performance indicator (KPI) reports.
Track metrics including cost savings, supplier performance, contract compliance, purchase price variance, spend under management, sourcing effectiveness, and supplier quality and delivery performance.
Present findings and recommendations to Procurement leadership and cross-functional stakeholders.
Develop recurring reports for management and executive leadership.
Identify trends, risks, and opportunities through data analysis.
Continuously improve reporting processes through automation and data visualization.
Conduct market research and benchmarking to support sourcing initiatives and supplier negotiations.
Monitor industry trends, commodity pricing, supplier capabilities, and market risks.
Research potential suppliers and evaluate capabilities, capacity, geographic footprint, and overall fit.
Support supplier identification and qualification activities.
Identify opportunities for innovation, cost reduction, and value creation.
Support category strategies through market intelligence and competitive analysis.
Maintain and administer purchasing and procurement systems to support efficient operations.
Maintain supplier records, catalogs, pricing information, and purchasing workflows.
Support system enhancements, testing, implementation, and troubleshooting.
Assist with user training and system adoption.
Partner with IT and business stakeholders to optimize procurement technology and system functionality.
Identify opportunities to automate manual procurement processes.
Ensure purchasing systems support established procurement policies and procedures.
Ensure accuracy, consistency, and completeness of procurement master data.
Perform regular audits of supplier information, item master data, pricing, purchasing information, contracts, and catalogs.
Identify and resolve data quality issues.
Establish preventative controls to minimize recurring data errors.
Maintain accurate supplier and purchasing records.
Partner with Finance, IT, and Procurement to resolve data discrepancies.
Support strategic sourcing projects through data analysis and reporting.
Assist with supplier performance reviews and business reviews.
Prepare presentations and analytical reports for Procurement leadership.
Support supplier negotiations through market and spend analysis.
Assist with RFQ/RFP processes and supplier comparisons.
Provide analytical support for annual procurement planning and budgeting.
Support contract compliance and supplier management initiatives.
Recommend continuous improvements to procurement processes, reporting, and system utilization.
Perform other duties as assigned.