Procurement Analyst / Strategic Sourcing Analyst

Job Overview

The Procurement Analyst will oversee the India supplier base, focusing on data analysis, vendor selection, supporting new product development, and driving cost-saving initiatives. This role involves close collaboration with suppliers, maintaining procurement records, and ensuring adherence to company policies and standards for all purchasing activities.

Roles & Responsibility:

Key Responsibilities:
•Data Analysis & Reporting: Collect and analyze procurement data to identify trends and potential cost-saving opportunities. Assist in creating procurement reports for management, including cost analysis and vendor performance reports.
•Vendor Management: Support internal stakeholders in supplier selection and evaluation processes. Maintain relationships with vendors and handle communications to ensure timely delivery of goods and services. Assist in negotiating prices, contracts, and payment terms with suppliers. Conduct supplier scouting as needed.
•Purchase Order Management: Coordinate with suppliers to resolve order discrepancies or delays. Collaborate with the supply chain team to ensure on-time delivery.
•Compliance & Documentation: Maintain accurate and up-to-date procurement records, including contracts, purchase orders, and vendor documentation. Ensure compliance with company policies, legal requirements, and industry regulations. Support audits and reviews of procurement processes and documentation. Coordinate with suppliers to meet global compliance standards such as RoHS, Conflict Minerals, and low-halogen requirements, Scope 2
•Cost-Saving Initiatives: Identify potential areas for cost reduction in procurement processes. Assist in implementing strategies to optimize procurement efficiency and reduce spending.
•Stakeholder Management: Liaise with stakeholders from departments such as Engineering, Quality, Product Management, Project Management, Regional Procurement, Supply Chain, and Finance.
•Must: Good in MS Excel, word, Powerpoint, SAP, PowerBI

Desired Candidate Profile:

•Bachelor’s degree in Engineering, Supply Chain Management, or a related field.
•3-5 years of experience in procurement, supply chain, or a related field (internship experience accepted).
•Strong analytical skills with proficiency in MS Excel, word, Powerpoint, SAP, PowerBI, 
•Nice to have China sourcing experience
•Excellent organizational skills with attention to detail.
•Effective written and verbal communication skills.
•Ability to work collaboratively in a team environment.

Preferred Skills:

•Familiarity with procurement best practices and industry trends.
•Basic knowledge of contract management and negotiation.
•Proficiency in SAP MM and Power BI.
•Knowledge of the Indian supplier base.
•Proficiency in Excel, MS Word, and PowerPoint.

Personal Attributes:

•Proactive with the ability to anticipate needs.
•Able to manage multiple priorities in a fast-paced environment.
•Strong problem-solving skills with adaptability to changing situations.

Competencies