Strategic Sourcing Analyst

About the role

Support the day-to-day execution of strategies for assigned categories, focusing on reducing organizational spend to improve savings and enhancing relationships with business stakeholders and suppliers. Demonstrate the company’s core values of respect, honesty, integrity, diversity, inclusion, and safety.

Responsibilities

• Tactical Sourcing
  • Design and execute sourcing events for pertinent categories
  • Utilize available e-sourcing and optimization tools efficiently
  • Develop different award optimization scenarios to minimize total cost of ownership
  • Respond to supplier and stakeholder questions (e.g., category, supply, event, price, or specification)
  • Support the execution of supplier financing programs, maintaining a holistic view of early payment and accounts payables programs
  • Prepare planning guides to facilitate the completion of negotiations and support where needed
• Sourcing Analysis
  • Conduct opportunity assessments, benchmarking, and should-cost modeling to develop sourcing opportunities
  • Prepare category improvement projections and conduct post-implementation variance analysis
  • Identify total internal costs associated with supplier price, delivery, operations, and quality
  • Quantify the overall total ownership cost of each product or service to identify cost savings
• Contract Management
  • Work with the contract management team in the administration of contract data, addendums, item master sheets, and additional supplier documentation
• Supplier Relationship Management
  • Support category managers in the development of supplier performance/continuous improvement targets and related scorecards
  • Work with the SRM team in the administration of supplier assessments, scorecards, and other analytics to manage supplier performance
• Benefit Tracking
  • Partner with the KPI & Benefits team to develop a tracking mechanism to report and communicate the savings achieved
• Additional Support
  • Support other initiatives/projects in the company that may affect organizational performance and collaborate with necessary stakeholders
  • Support talent development framework and proven experience in creating/maintaining training curriculum

Must be able to perform the essential functions of this position with or without reasonable accommodation.

Qualifications

• Minimum Bachelor’s degree in Business Management, Supply Chain, Operations, Finance, CPG, or similar
• 1-year professional experience in procurement activities
• Ability to identify, quantify, and effectively communicate business risks
• Self-starter, ability to work independently in a fast-paced environment while delivering solid action-oriented results quickly
• Analytical skills with the ability to identify, quantify, and effectively leverage data to support business decisions, communicate opportunities, and/or raise business risks
• Ability to monitor compliance with established guidelines, policies, procedures, and regulations
• Advanced Microsoft Office skills (Word, Excel, PowerPoint, Outlook, Visio)
• Ability to synthesize analysis into compelling oral and written communications and presentations

Skills

• Desired: CPM/CPSM, CSCP, or equivalent certification
• Expertise in Microsoft Office and data visualization tools