Sourcing Analyst

Iconma Portal•Columbus, IN

About The Position

The Sourcing Analyst supports the sourcing manager and independently carries out sourcing activities, considering their impact on the end-to-end supply chain. The role executes sourcing tactics of varying complexity in line with category and commodity strategies, with a focus on cost, quality, and delivery. It prepares and presents improvement recommendations and alternative courses of action to senior purchasing and sourcing leadership, and ensures consistent use of sourcing procedures and processes. The analyst also supports purchasing and sourcing management through price benchmarking, vendor management, industry and market analysis, process analysis, and model building. The position leads analysis projects and initiatives, coaches less experienced analysts and specialists, and recognizes compliance requirements and situations that may pose risk to the client.

Requirements

Balance the needs of multiple stakeholders.
Apply business and marketplace knowledge to advance organizational goals.
Use Source to Pay principles to execute sourcing decisions, order placement, material or service acquisition, and timely supplier payment.
Use the purchasing functional system to support Request For Quote processes, compare suppliers' Total Cost of Ownership based on category strategy, and identify suppliers likely to meet client and customer needs.
Develop supplier contracts covering commercial and legal relationships, incorporating commercial requirements and regional laws, building stakeholder consensus, and producing mutually agreed, legally approved contracts using a Direct Supplier Supply Agreement (DSA), the C-Review Process, and Negotiations Excellence skills.
Manage supplier tooling strategy by considering Total Value Performance throughout the product life cycle, achieving accurate piece pricing, applying client-owned tooling procedures, and ensuring continuity of supply through appropriate Letters of Intent and bailment agreements.
Track and maintain inventory of tooling paid for and owned by the client.
Associate, college, university, or equivalent degree in supply chain management or a related subject.

Responsibilities

Support the sourcing manager with assigned sourcing activities.
Independently carry out sourcing activities while considering their impact on the end-to-end supply chain.
Execute sourcing tactics of varying complexity in accordance with category and commodity strategies, optimizing cost, quality, and delivery.
Prepare and present recommendations for improvement opportunities and alternative courses of action to senior purchasing and sourcing leadership.
Ensure consistent application of sourcing procedures and processes.
Support price benchmarking, vendor management, industry and market analysis, process analysis, and model building.
Lead analysis projects and initiatives, providing coaching to less experienced analysts and specialists.
Recognize compliance requirements and identify situations that may pose risk to the client.