Concentrix hiring Sr Procurement Analyst 2024 | Apply Now

Role: Sr Procurement Analyst

Company: Concentrix Catalyst

Experience: 6 – 10 years

Salary: 5-12 Lacs P.A.

Location: Hyderabad( Uppal )

Sr Procurement Analyst Job Description

A Senior Procurement Analyst plays a pivotal position in an enterprise’s supply chain control by way of overseeing procurement sports activities, studying shopping for developments, and growing techniques to optimize charges and overall performance. This role needs deep statistics of procurement tactics, robust analytical skills, and the capability to steer and collaborate with various stakeholders to ensure the business enterprise’s procurement operations are powerful and aligned with its desires.

 Sr Procurement Analyst Responsibilities

Procurement Strategy Development:

Develop and enforce procurement techniques that align with the organization’s goals.

Identify opportunities for fee savings, machine improvements, and risk mitigation.

Conduct marketplace evaluations to discover new suppliers and investigate market dispositions.

Supplier Management:

Establish and hold robust relationships with key vendors.

Evaluate provider overall performance and ensure compliance with settlement phrases.

Negotiate contracts, terms, and situations with providers to steady tremendous terms.

Data Analysis and Reporting:

Analyze procurement data to select tendencies, styles, and possibilities for development.

Prepare special reports on procurement sports, prices, and financial savings.

Utilize superior analytics system and software program software to enhance facts-pushed selection-making.

Compliance and Risk Management:

Ensure procurement activities observe applicable legal guidelines, guidelines, and organizational regulations.

Assess and manage risks related to procurement strategies.

Implement and display procurement controls to defend the company’s pastimes.

Cost Management:

Develop and display procurement budgets.

Identify fee discount opportunities and position them into effective techniques to gain financial savings.

Track and record procurement savings and price avoidance tasks.

Process Improvement:

Continuously compare and improve procurement processes to enhance performance and effectiveness.

Implement excellent practices and progressive procurement solutions.

Lead initiatives to automate and streamline procurement sports.

Stakeholder Collaboration:

Work cautiously with internal departments inclusive of finance, operations, and prison to make certain alignments and assist with procurement sports.

Provide guidance and resources to junior procurement body of workers and one-of-a-kind stakeholders.

Communicate procurement strategies and policies to stakeholders in any respect levels.

 Sr Procurement Analyst and Qualifications

Educational Background:

Bachelor’s degree in Supply Chain Management, Business Administration, Finance, or an associated subject.

Advanced tiers which include an MBA are favored.

Professional certifications which include Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) are superb.

Experience:

Minimum of 5-7 years of experience in procurement, delivery chain manipulation, or related fields.

Proven revel in handling complicated procurement projects and negotiations.

Experience with procurement software and enterprise beneficial resource planning (ERP) systems.

Technical Skills:

Proficiency in data assessment and using analytics devices (e.g., Excel, SQL, Tableau).

Strong information on procurement strategies, settlement control, and issuer relationship control.

Familiarity with relevant procurement recommendations and compliance necessities.

 Sr Procurement Analyst Soft Skills:

Excellent analytical and problem-solving skills.

Strong negotiation and agreement management talents.

Superior written and verbal communication talents.

Ability to guide and effect go-purposeful agencies.

High stage of integrity and ethical requirements.

Strong organizational abilities and attention to detail.

 Sr Procurement Analyst Key Attributes

Analytical Mindset:

Ability to analyze huge devices of facts to identify developments, dangers, and opportunities.

Proficient in developing data-driven procurement techniques.

Strategic Thinking:

Forward-wondering technique to procurement making plans and risk control.

Ability to align procurement strategies with broader organizational goals.

Leadership:

Capable of fundamental procurement tasks and mentoring junior teams of workers.

Strong interpersonal abilities to build relationships and affect stakeholders.

Adaptability:

Ability to conform to changing market conditions and organizational desires.

Open to implementing new technology and strategies.

Typical Day

A traditional day for a Senior Procurement Analyst also can involve:

Reviewing procurement facts and market trends to regulate techniques.

Meeting with companies to negotiate contracts and terms.

Collaborating with inner departments to recognize their procurement needs.

Preparing and presenting evaluations on procurement sports and economic financial savings.

Leading technique improvement tasks and educating the junior body of employees.

 Sr Procurement Analyst Career Path

Starting as a Senior Procurement Analyst, professionals can increase to roles collectively with Procurement Manager, Director of Procurement, or Chief Procurement Officer (CPO). Continuous professional development, gaining superior certifications, and demonstrating leadership can accelerate career development.

 Sr Procurement Analyst Conclusion

A Senior Procurement Analyst is essential for optimizing an organization’s procurement operations. They leverage their expertise in data analysis, supplier manipulation, and strategic making plans to obtain fee economic savings and overall performance enhancements. By preserving high requirements of compliance and ethical conduct, they contribute drastically to the organization’s fulfillment and aggressive gain.

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