Supplier Cost Analyst

SRS Distribution Inc.•McKinney, TX

1d•Hybrid

About The Position

The Supplier Cost Analyst at SRS is tasked with meticulously managing and updating supplier costs within the Agility database to ensure accurate and current pricing for the branches, a critical function that supports the financial health and profitability of the organization. This role requires a professional with a strong analytical background and proven ability in data management and insight, who can skillfully liaise with SRS Sourcing and suppliers and provide strategic guidance on commodity costs to enhance branch profitability. The successful candidate will exhibit exceptional business acumen, uphold the highest ethical standards, and possess excellent communication skills to effectively mentor team members and drive continuous improvement in cost management processes.

Requirements

Minimum of 5 years of substantial experience in the pool or landscape supply industry preferred.
Proven experience in wholesale or B2B distribution, with large company experience being advantageous.
Advanced proficiency in Microsoft Excel, with the ability and willingness to further develop skills as necessary.
Familiarity with ERP systems, with specific experience in Agility being beneficial.
Demonstrated strong data analytics capabilities with a track record of developing analyses to enhance business growth.
Excellent verbal and written communication skills, exhibiting professionalism and clarity.
Capability to liaise effectively with diverse teams and external suppliers.
Proven ability to train and mentor new team members.
High ethical standards with a commitment to professionalism.
Service-oriented attitude, customer-focused with a collaborative approach.
Independent, flexible, with a personable demeanor and technically-savvy.
Strong business acumen with analytical mindset.
Ability to lead process improvements and manage multiple tasks with precision and attention to detail.
Commitment to continuous improvement and ability to adapt within a dynamic business environment.
A Bachelor's degree in Business Administration, Finance, Supply Chain Management, or a closely related field from an accredited institution is required.
Minimum of five years of relevant experience within a corporate environment, specifically within the industry. This experience must include expertise in wholesale and B2B distribution.

Nice To Haves

Demonstrated proficiency in employing advanced analytical tools and methodologies to derive insights and optimize supplier cost strategies.
Familiarity with data visualization software and techniques to communicate complex data clearly and effectively is highly desirable.
Extensive experience with Agility ERP or similar systems is preferred, showcasing the capability to manage and update data efficiently, along with the ability to troubleshoot and streamline ERP-related processes.
Proven ability to manage and lead projects with multiple stakeholders, demonstrating strong organizational skills and the capacity to prioritize tasks effectively in a dynamic, fast-paced environment.
In-depth understanding of financial principles related to pricing strategies and cost management, enabling the candidate to provide actionable recommendations that enhance profitability.
Strong negotiation skills to effectively liaise with suppliers and internal stakeholders, ensuring optimal cost agreements and favorable terms for the organization.
Professional certifications or accreditations related to supply chain management, data analysis, or pricing strategies, such as CPSM (Certified Professional in Supply Management) or CPIM (Certified in Production and Inventory Management), are advantageous.
Familiarity with SQL or other database querying languages to extract and manipulate data, enhancing the accuracy and efficiency of cost analyses and reporting.
Experience in driving and managing change initiatives across departments, particularly relating to process improvements in cost management and pricing strategy deployment.
Demonstrated success in working collaboratively with sourcing, sales, and finance teams to align on strategic objectives and shared goals, fostering a cohesive and high-performing company culture.
A proven track record of applying innovative thinking to solve complex cost management challenges and improve overall business performance.
Master's degree considered advantageous.
Certified Supply Chain Professional (CSCP) - preferred
Certified Professional in Supply Management (CPSM) - preferred
Microsoft Excel Certification - preferred

Responsibilities

Execute and maintain supplier cost updates in the Agility system, ensuring accuracy and timeliness to support branch pricing activities and corporate profitability goals.
Lead initiatives to validate and update stagnant costs within the ERP system, enhancing branches' profitability by aligning costs with current supplier prices.
Monitor and analyze commodity cost fluctuations, providing strategic guidance and insights to the pricing team for informed decision-making.
Drive process improvements for cost updating procedures, enhancing efficiency and accuracy in maintaining supplier cost records in alignment with organizational standards.
Collaborate with SRS Sourcing and suppliers as necessary, facilitating effective communication and negotiation to support cost management objectives.
Manage and update the supplier cost increase calendar, ensuring all relevant stakeholders are informed and prepared for upcoming changes impacting pricing strategies.
Address basic price requests utilizing core pricing systems, providing timely and accurate responses to support operational needs and client service standards.
Train and mentor new team members, fostering a collaborative and knowledgeable environment that promotes continuous learning and professional development.