Strategic Sourcing Data Analyst
3 weeks ago
***Hybrid, 3 days onsite, 2 days remote***
***We are unable to sponsor as this is a permanent full-time role***
A prestigious company is looking for a Strategic Sourcing Data Analyst. This analyst will focus on creating and maintaining reports for managing procurement activities as well as analyzing procurement data and KPIs/Metrics. This analyst will work with tools/technologies such as SharePoint, ServiceNow, Power BI, Tableau, Oracle Fusion, etc.
Responsibilities:
- Implement processes to collect, manage and analyze procurement data, ensuring the organization has the necessary infrastructure for effective data-driven decision making.
- Oversee KPIs and metrics that measure performance of the Strategic Sourcing function.
- Prepare regular reports for internal and external stakeholders.
- Generate and communicate regular performance and resource allocation reports that translate procurement process data into actionable insights for internal teams and external stakeholders.
- Represent the Strategic Sourcing function by thoroughly assessing and validating all new intake requests, incorporating feedback from diverse stakeholders and customers.
- Maintain a deep understanding of the department scope and sourcing strategies to navigate ambiguous situations/requests and collaborate with the appropriate stakeholders to solve challenges.
- Integrate data and resulting insights into procurement processes: Collaborate with procurement team and IT to embed analytics tools into the procurement workflow (such as for spend analysis and forecasting, savings analysis, supplier information gathering and analysis for selection, pricing and contract analytics, benchmarking, compliance to sourcing strategies and bid analysis).
- Develop and deliver training programs to empower procurement and cross-functional teams with the skills and knowledge needed to effectively utilize reports and tools, promoting a culture of data-driven decision-making.
Qualifications:
- Bachelor’s degree in business management, supply chain, data science, information technology or a related field, OR an equivalent combination of experience, skills, training and education.
- 3+ years preferred experience in procurement roles involving strategic sourcing, procure-to-pay, supplier performance measurement, or in supply chain management roles.
- 3+ years of experience working cross functionally with tech and non-tech teams
- 2+ years preferred in project management office, and/or developing, implementing, and evaluating new and revised methods, procedures, and performance standards.
- 3+ years’ experience using an ERP system, using data visualization tools, and administering Sharepoint sites.
- 3+ years preferred experience in the financial services industry.
- Familiarity with analytics capabilities built into procurement-specific software, such as Oracle Fusion.
- Prefer experience in one or more of the following: ServiceNow, Archer, Apptio, Power BI, and/or Tableau.
- Advanced knowledge of Microsoft Office products and applications (Excel, PowerPoint, Word, Visio, etc.)
- Strong understanding of business analytics with ample experience in procurement, IT contracts, and/or PMO. Knowledge of the sources of data that support the development and execution of sourcing strategies.
- Successful track record in discerning when and how to escalate and issue for resolution.
- Excellent communication and presentation skills with the ability to convey complex data findings and data-driven solutions to both technical and nontechnical stakeholders, the capability to create compelling presentations and reports, and to lead meetings.
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