Sourcing Analyst

Job Details

Description

Our Vision is to achieve uncommon results, together. Our Mission is to passionately provide reliable, innovative and efficient supply chain solutions through deeply rooted relationships. We value commitment to long-term and mutually beneficial relationships. Integrity, fairness, and humility in all that we do. Together as associates, we are the key to our success.

The Sourcing Analyst will be responsible for collecting, analyzing, and interpreting data related to procurement and supplier performance. The insights and recommendations of this role will support the sourcing team in making informed decisions to optimize the supply chain and procurement process.

Essential Functions

• Collect and organize data related to procurement activities, supplier performance, pricing, lead times, and other relevant metrics
• Oversee and handle requests for new customer packages and/or add-on quotes originating from within the area.
• Analyze procurement data using various tools and techniques to identify trends, opportunities for cost savings, and potential areas for process improvement
• Assist in evaluating and monitoring supplier performance by analyzing key performance indicators (KPIs) such as on-time delivery, quality, and adherence to contract terms
• Conduct cost analysis, including total cost of ownership (TCO), to identify opportunities for cost reduction, value-added services, and negotiation strategies
• Collaborate with corporate sourcing to support supplier marketing programs aimed at identifying opportunities for new products/categories at the area level.
• Maintain regular communication with suppliers to gather data, resolve issues, and obtain information required for analysis
• Maintain organized records of procurement data, supplier communications, and analysis results
• Bridge Buys
• Negotiate lead time
• All other duties as assigned
  
  

Knowledge/Skills/Abilities

• Strong analytical and data interpretation skills
• knowledge of fasteners and related products
• knowledge of MRO and related products
• Basic negotiating skills
• Proficiency in data analysis tools and software
• Effective communication skills, both written and verbal
• Detail-oriented with excellent organizational skills
• Basic excel skills
  
  

Required Education And Experience

• Bachelor’s degree in business, supply chain management, or a related field is preferred
• Experience in sourcing, procurement, or related field preferred
  
  

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as laptop, computers, and phones.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly sitting at their desk. This is largely a sedentary role; however, some filing may be required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.

Position Type/Expected Hours of Work

This is a full-time position. Days and hours of work are Monday through Friday. Daily schedule will be set with the manager.

Travel

Some travel may be expected for training purposes.