Strategic Sourcing Analyst
About The Position
The Strategic Sourcing analyst provides analytical, operational, and project support for the Indirect Procurement organization in support of enterprise objectives. This role partners closely with Strategic Sourcing Managers and business stakeholders to support strategic sourcing initiatives, supplier management activities, spend analysis, contract administration, and procurement process improvement. The Strategic Sourcing analyst operates with a high degree of agility, providing cross-functional support across multiple indirect spend categories and can shift priorities to meet evolving business needs. The Strategic Sourcing Analyst serves as a key resource in maintaining procurement data, supporting sourcing events, monitoring supplier performance, and identifying opportunities to improve operational efficiency and deliver value across SRS's indirect spend categories, including Facilities, Fleet, Contingent Labor, HR, IT, and other corporate services or operations categories.
Requirements
- Bachelor's degree in Business Administration, Supply Chain Management, Finance, Data Analytics, or a related field.
- 1 or more years of experience in procurement, finance, supply chain, or a related analytics role
- Strong analytical skills and proficiency in utilizing reporting and analytics tools to evaluate supplier performance, spend, and market trends.
- Detail-oriented with the ability to manage multiple priorities and projects concurrently in a fast-paced environment.
- Strong ethics and commitment to upholding high ethical standards in all business activities.
- Proficiency in Microsoft Office Suite, specifically Excel, and familiarity with enterprise resource planning (ERP) systems.
Nice To Haves
- Knowledge of procurement best practices, sourcing methodologies, and supplier management processes.
- Demonstrated success supporting competitive sourcing events
- Experience developing reports, dashboards, or with data analytics platforms to support strategic decision-making processes
- Familiarity with contract management systems and procurement technologies.
- Experience using Power BI or other business intelligence tools
Responsibilities
- Analyze spend, supplier performance, market trends, and business requirements to identify sourcing opportunities and cost optimization initiatives.
- Support Strategic Sourcing Managers in developing and executing category strategies through spend analysis, market research, and supplier evaluations.
- Collect, analyze, and maintain procurement data to identify sourcing opportunities, spend trends, savings opportunities, and supplier performance insights.
- Assist in the execution of strategic sourcing events, including RFIs, RFPs, RFQs, supplier communications, bid analysis, and recommendation development.
- Maintain procurement systems, contract repositories, supplier records, and category documentation to ensure data accuracy and accessibility.
- Monitor supplier compliance with contractual terms, pricing agreements, service levels, and preferred supplier programs; escalate issues as appropriate.
- Assist with supplier performance reporting, scorecards, business reviews, and continuous improvement initiatives.
- Develop dashboards, reports, and key performance indicators to measure procurement performance, savings, supplier compliance, and category results.
- Support contract administration activities, including contract renewals, expiration tracking, and document management.
- Identify opportunities to improve procurement processes, reporting capabilities, and operational efficiencies through automation and standardization.
- Build and maintain comprehensive category intelligence including spend analytics, supplier segmentation, contract repository, market assessments, and sourcing pipeline.
- Support annual budgeting and forecasting activities by providing category-specific market intelligence and cost projections.
- Identify opportunities to standardize products, services, specifications, and purchasing processes across the enterprise.
- Ensure procurement activities comply with company policies, ethical sourcing standards, and contractual obligations.
- Continuously evaluate market conditions, emerging suppliers, and industry trends to maintain competitive sourcing strategies.
Benefits
- Competitive weekly/bi-weekly pay
- discretionary bonuses
- 401(k) with company match
- Employee Stock Purchase Plan
- paid time off (vacation, sick, volunteer, holidays, birthday, floating)
- medical/dental/vision
- flexible spending accounts
- company-paid life and short-term disability
- optional long-term disability
- additional life insurance
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
