Procurement Analyst

Confidential Company  •  Waltham, MA

5 - 7 years experience  •  Manufacturing / Diversified

Salary depends on experience
Posted on 03/02/18
Confidential Company
Waltham, MA
5 - 7 years experience
Manufacturing / Diversified
Salary depends on experience
Posted on 03/02/18

Job Description:

The Senior Procurement Analyst will act as a flexible resource to support the Procurement Department across multiple spend categories by conducting Requests-For-Proposal (RFP), analyzing RFP results, and presenting RFP results to stakeholders. They will also provide supplier research, spend analysis, commodity price analysis & supplier and contract management. 

Core Responsibilities:

  • Utilize a multi-step strategic sourcing process to procure products and services (not for resale) that ensures Company obtains the best value for its money
  • Able to operate independently to manage complex projects from initiative kick-off to supplier award and implementation and contracting
  • Manage several concurrent sourcing and contracting projects, ensuring that all customer needs are understood, and structure and resource projects accordingly to deliver these requirements.
  • Will be required to comfortably interface with senior stakeholders within the Company organization
  • Organize stakeholder meetings to scope out procurement initiative objectives and timeline
  • Design, develop and issue RFPs to suppliers for the purposes of price discovery and vendor evaluation on both quantitative and qualitative measures
  • Researches supply markets, uncovering sound sources of supplier information to develop lists of potential suppliers. Compiles findings in comprehensive industry research memos.
  • Identifies and validates cost saving opportunities from existing suppliers and available data, including possible methods to harvest savings.
  • Assist in the negotiation of pricing and contract terms with suppliers
  • Analyze RFP results, and present results to stakeholders for supplier award decisions
  • Work with legal to draft vendor agreements
  • Monitors raw material and commodity price indices, and validates supplier price changes according to negotiated escalator/de-escalator clauses
  • Manages tracking and collection of vendor rebates
  • Provides administrative support for maintaining corporate purchasing card program
  • Assists with supplier performance reviews, monitors supplier performance against stakeholder requirements and identifies any potential supplier performance issues

Qualifications: 

  • Bachelors Degreerequired, preferably in Business, Math, Finance, Supply Chain, Economics or Engineering. MBA degree is a plus.
  • Understanding of a multi-step strategic sourcing process
  • Ability to manage day to day stakeholder and supplier relationships
  • Intermediate to expert level user of SAP, Word, PowerPoint, Outlook, and Excel
  • Excellent analytical and investigative skills
  • The ability to work unsupervised and self-directed with limited oversight
  • Experience of working in a commercially focused environment
  • Four to seven years of work experience, preferably with at least two years working with procurement of indirect goods and services
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