Procurement Analyst

1 month ago


Minneapolis, United States Star Group Full time
Job DescriptionJob DescriptionSalary:

At STAR we specialize in the custom design and manufacturing of physical experiences. Our clients’ needs range from exhibits, retail and corporate environments, and branded events. Wherever a brand lives, STAR is there to make it shine.


At this time, STAR - Minneapolis has an open position for a Procurement Analyst (full-time, exempt). The Procurement Analyst is responsible for overseeing the procurement of goods and services essential for our company’s operations. This role involves developing and managing procurement processes, managing supplier relationships, and ensuring that all sourcing activities align with company policies and objectives.


The responsibilities of this position include, but are not limited to:

  • Executing Procurement Strategies:
    • Execute effective procurement strategies to ensure cost-effective purchasing while maintaining quality standards.
  • Vendor/Supplier/Contractor Management:
    • Identify, evaluate, and maintain relationships with suppliers that are mutually beneficial for both parties.
    • Execute a comprehensive vendor onboarding, evaluation and audit process
    • Negotiate contracts and terms to secure the best possible deals.
  • Inventory Management:
    • Monitor inventory levels to ensure optimal stock levels.
    • Coordinate with the Accounting and Operations team to forecast demand, ensure accurate counts of inventory and manage supply chain logistics.
    • Purchasing and researching products, items and services according to jobs
  • Cost Control:
    • Analyze market trends and pricing to identify cost-saving opportunities
    • Follow measures to reduce procurement costs without compromising quality
  • Compliance:
    • Ensure all procurement activities comply with company policies, industry regulations, and legal requirements.
  • Reporting and Data Management:
    • Prepare and present regular reports on procurement activities, supplier performance, and cost savings to senior management.
    • Reconcile and update systems for inventory and credit cards.


Qualifications:

  • Education: Bachelor’s degree in business administration, supply chain management, or a related field
  • Experience: Minimum of 3 years of experience in procurement or supply chain management
  • Skills:
    • Strong negotiation and vendor relationship expertise
    • Outstanding verbal and written communication skills
    • Excellent analytical and problem-solving abilities
    • Proficiency in procurement software and Microsoft Office Suite
    • Ability to manage multiple projects and meet deadlines
    • Knowledge of market research and data analysis
    • Acts as a Servant leader
    • Highly organized, delivers with a sense of urgency and strong attention to detail

 

STAR offers a competitive salary and full benefits in an engaging and collaborative work environment. Qualified candidates committed to making a strong impact in a thriving organization are encouraged to submit a resume.  STAR is an equal opportunity employer.



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