Gain insight into the essential qualifications, important duties, key responsibilities, and vital skills that form a well-rounded Strategic Sourcing Analyst job description.
What does a Strategic Sourcing Analyst do?
A Strategic Sourcing Analyst is responsible for managing and improving the supply chain operations of a business. This includes sourcing, analyzing, and reporting supply chain data, tracking costs and logistics, and evaluating supplier performance. They also forecast industry trends and make predictions about changes in the market.
Job Description
We are looking for an experienced Strategic Sourcing Analyst to optimize our supplier performance and logistics. In this role, you will assess the efficiency of our supply chain, schedule projects, and analyze cost structures. You will also analyze competitor behavior to make informed decisions.
To be successful, you should have a strong background in strategic sourcing and be able to evaluate procurement metrics. The best candidates will also have a deep understanding of forecasting market trends.
Job Duties and Responsibilities
- Analyze and improve supply chain operations.
- Resolve day-to-day supply chain issues and promote consistency.
- Evaluate supplier performance by measuring procurement metrics.
- Identify project scopes, schedules, and costs.
- Establish effective communication with customers, vendors, suppliers, and shipping companies.
- Negotiate contracts with current and potential suppliers.
- Create risk management plans for procurement, logistics, and staffing.
- Forecast industry trends and plan appropriate responses.
- Report on competitive intelligence, market trends, and consumer behavior.
- Ensure compliance with import, export, and shipment regulations.
Requirements and Qualifications
- Bachelor's degree in supply chain management or a related field.
- Master's degree or certification in logistics preferred.
- Extensive experience in strategic sourcing analysis.
- Proficiency in supply chain management software, such as SAP SCM and E2open.
- Advanced knowledge of supply chain, procurement, logistics, and warehouse management.
- Ability to predict and mitigate risks.
- Deep understanding of market and consumer trends that may impact supply chains and costs.
- Knowledge of import, export, and shipping regulations.
- Strong interpersonal and communication skills.
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