Sourcing / Procurement Data Analyst

7-Eleven • Irving, TX

1d

About The Position

As an analyst in the Strategic Sourcing analytics team, you will utilize your sound business acumen, knowledge and experience in financial modeling and data mining to deliver insights and provide actionable recommendations to organizational leaders. The analysts focus is to support the Strategic Sourcing team and collaborate with stakeholders from various departments within the organization to provide advanced, data-driven solutions and business insights to support sourcing decisions. KEY DUTIES AND RESPONSIBILITES Works closely with Sourcing Managers and cross functional partners in conducting research on economic trends in key supply markets, analyzing spend data, and preparing monthly status reports Gain a deep understanding of key Strategic Sourcing initiatives and be able to provide analytical solutions that drive the success of these initiatives. Support RFx preparation and execution through data collection, spend analyses, RFP bids analytics. Participate in the development, design and implementation of processes that collect and report data and statistics on spending by vendor and category. Develop models and dashboards to help stakeholders better understand key drivers of costs (e.g. commodities prices, inflation, business environment, legislation and the global economy). Develop hypothesis-driven strategies based on data and analysis to reduce such costs (Cost of Goods Sold and OSG&A). Analyze cost increase requests from vendors and provide analysis on reasonableness of cost increase. Utilize Oracle Reporting & GEP Smart and other tools to collect data, provide analysis, build spend base and fact packs to supporting negotiations and bid analysis. Conduct analyses on spend data/researching trends (i.e. commodity tracking, variance analyses, should cost & product teardowns, etc.) and work with Sourcing Managers/Buyers on options to drive cost savings with vendors Conduct supplier market research and identification Build supplier bid analyses and negotiation materials Coordinate sampling process and testing through RFx events KEY LEADERSHIP COMPETENCIES Communicate findings and provide actionable recommendations in a clear and concise manner to non-technical audiences and managers Ability to provide suggestions and collaborate with team and stakeholders to solve problems by assessing the situation, leveraging and analyzing relevant data, identifying root cause and developing potential solutions. Adapt to change, ability to quickly learn details of new business challenges and identify dependencies and impacts of other key initiatives.

Requirements

• Bachelor's degree (or equivalent experience) in Business Analytics, Economics or Finance.
• Minimum of 2+ years utilizing data analytics to drive business decisions required
• Demonstrate ability to build and analyze financial models to evaluate proposal scenarios and present recommendations in a clear and concise format.
• Strong verbal and written communication skills with the ability to communicate to all levels of management.
• Extensive knowledge of financial modeling and reporting.
• Proficient in Power BI and/or Tableau (e.g. building dashboards and reports).
• Possess SQL and other query knowledge with an emphasis in data mining and modeling to create impactful management reports.
• Advanced in the Microsoft Suite, especially MS Excel, MS Access, and PowerPoint.
• Exceptional analytical skills and business acumen.
• Demonstrate the ability to solve complex problems with minimal direction.

Nice To Haves

• Master's degree is preferred, but not required.
• Knowledge of GEP Smart procurement software preferred, but not required.
• Knowledge of Oracle reporting (OBIIE) software preferred, but not required.

Responsibilities

• Works closely with Sourcing Managers and cross functional partners in conducting research on economic trends in key supply markets, analyzing spend data, and preparing monthly status reports
• Gain a deep understanding of key Strategic Sourcing initiatives and be able to provide analytical solutions that drive the success of these initiatives.
• Support RFx preparation and execution through data collection, spend analyses, RFP bids analytics.
• Participate in the development, design and implementation of processes that collect and report data and statistics on spending by vendor and category.
• Develop models and dashboards to help stakeholders better understand key drivers of costs (e.g. commodities prices, inflation, business environment, legislation and the global economy).
• Develop hypothesis-driven strategies based on data and analysis to reduce such costs (Cost of Goods Sold and OSG&A).
• Analyze cost increase requests from vendors and provide analysis on reasonableness of cost increase.
• Utilize Oracle Reporting & GEP Smart and other tools to collect data, provide analysis, build spend base and fact packs to supporting negotiations and bid analysis.
• Conduct analyses on spend data/researching trends (i.e. commodity tracking, variance analyses, should cost & product teardowns, etc.) and work with Sourcing Managers/Buyers on options to drive cost savings with vendors
• Conduct supplier market research and identification
• Build supplier bid analyses and negotiation materials
• Coordinate sampling process and testing through RFx events
• Communicate findings and provide actionable recommendations in a clear and concise manner to non-technical audiences and managers
• Ability to provide suggestions and collaborate with team and stakeholders to solve problems by assessing the situation, leveraging and analyzing relevant data, identifying root cause and developing potential solutions.
• Adapt to change, ability to quickly learn details of new business challenges and identify dependencies and impacts of other key initiatives.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level