SRM Industry Analyst
About The Position
The SRM Analytics Analyst sits with the Procurement Business Analytics team but supports cross functionally within the larger Procurement function and other RaceTrac business units. The Analyst must be comfortable digging into large pools of data via PowerBI to identify organizational spending trends and be proficient in reviewing contractual agreements to identify areas of opportunity to enhance value. The Analyst must be able to clearly communicate their findings to both their department leadership and to the various business units within the organization. This role is a support function that is critical in planning key initiatives for three different teams within Procurement: (1) Contracts, (2) Strategic Sourcing, (3) and Business Analytics. The Analyst will conduct evaluations of spend trends and contractual terms to identify and recommend strategies for the three teams to execute upon. Additionally, the analyst will be responsible for conducting cross functional enterprise wide supplier relationship management activities such as vendor segmentation, supplier mapping, and 3rd party risk evaluation. More tactically, the Analyst will be responsible for connecting contract spend values to the affiliated agreements within the corporate contract repository. This role will collaborate very closely with the Legal team as well, and the Analyst will need to be able to develop and maintain a relationship with cross functional teams.
Requirements
- Bachelor's degree in Business Analytics, Category Management, or related field, or equivalent work experience
- Familiarity with Microsoft Office, specifically Excel and PowerPoint
- Understanding of contract terminology and contracting best practices
- Familiarity with data visualization tools
- Understanding of data mining
Responsibilities
- Investigate companywide spend via analytic tools such as PowerBI, to identify cost savings opportunities, supplier consolidation, and sourcing trends.
- Review upcoming contract terminations and renewals to identify strategies for risk mitigation affiliated with unmanaged spend, poor contractual terms, or weak enterprise strategy.
- Draft reports recommending negotiation strategies for intradepartmental review.
- Collaborate with Procurement leadership to understand Stakeholder needs and how those impact identified opportunities
- Segment suppliers by spend, stakeholder business owner, and overall potential impact to RaceTrac
- Utilize intelligence tools to evaluate supplier risk and business continuity plans
- Develop and maintain dashboards and reports affiliated with enterprise SRM activities such as supplier segmentation.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Food and Beverage Retailers
Number of Employees
5,001-10,000 employees
