Sourcing Analyst

Sourcing Analyst

As a Sourcing Analyst, you will be responsible for researching, analysing, and evaluating market data related to vendors, manufacturers, and suppliers. Your insights will drive strategic sourcing decisions and help ensure a reliable and cost-effective supply chain. This role requires close coordination with external suppliers and internal stakeholders to support inventory strategies, supplier performance, and continuous process improvement.

Key Responsibilities:

• Lead contract negotiations, including pricing, terms and conditions, and lead times.

• Monitor and manage supplier performance through the development of key performance indicators (KPIs) and corrective action plans when necessary.

• Issue and award blanket Requests for Quotation (RFQs), and review expiring contracts for re-bid opportunities.

• Maintain and update pricing and lead-time data in purchasing systems.

• Promote the adoption of electronic and automated purchasing interfaces; analyze spending and product usage to identify standardization opportunities.

• Serve as the primary point of contact for supply chain issues, fostering strong supplier and customer relationships.

• Stay current with market trends, supplier landscapes, and economic indicators to inform sourcing strategies.

• Analyze material demand and develop effective inventory or alternative sourcing strategies to ensure high availability at optimal cost.

• Lead cross-functional initiatives such as supplier negotiations, product standardization efforts, and category strategy development.

• Collaborate with sales engineering to align supplier strategies with customer needs.

• Ensure sourcing and inventory plans support broader customer goals and performance metrics.

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