Procurement Analyst

Job description

The Purchasing Analyst is a key player in the supply chain management process, ensuring that the organization maintains a sustainable competitive advantage through strategic sourcing and procurement. This role involves do market research, analysing market data, developing cost-saving strategies, PR to PO process, Spend Analysis and researching vendors and managing supplier relationships to optimize the company’s purchasing activities.

Roles & Responsibilities:

• Perform detailed spend analysis to identify opportunities for cost reduction and process improvement. 
• Develop and maintain spend reports, tracking key metrics and performance indicators. 
• Analyse procurement data to identify trends, cost savings opportunities, and vendor performance. 
• Develop and maintain effective supplier relationships, negotiate contracts, and manage supplier performance. 
• Monitor and analyze production and sales data along with future projections to recommend appropriate order quantities. 
• Research and make recommendations on potential new vendors based on current business needs. 
• Conduct comprehensive market research to identify trends, pricing, and potential suppliers. 
• Analyse market data to forecast procurement needs and inform strategic sourcing decisions. 
• Stay updated with industry developments and emerging technologies relevant to procurement. 
• Oversee the entire Purchase Request (PR) to Purchase Order (PO) process, ensuring accuracy and compliance with company policies. 
• Review and approve purchase requisitions, ensuring they are complete and meet organizational needs. 
• Provide support to buyers and purchasing units by preparing purchase orders and reviewing requisitions for goods and services. 
• Work closely with Accounts Payable to ensure that payments are made on time. 
• Collaborate with third-party partners to determine packaging needs based on projections. 
• Anticipate supply issues and find solutions before they become a problem. 
• Evaluate current financial models and develop new processes to create efficiencies within the procurement department. 
• Regularly review market sales data and present findings on industry trends and competitive analysis. 

Qualifications:

• Bachelor’s degree in Business Administration, Supply Chain, Analytics, or a related field. 
• 2+ years of experience in purchasing or supply chain management. 
• Strong analytical skills, superb attention to detail and meticulous record keeping ability. 
• Excellent communication and problem-solving abilities. 
• Advanced proficiency in Microsoft Excel and other data analysis tools. 
• Ability to work effectively both independently and as part of a team. 
• Flexibility to adapt to different business needs daily in a rapidly evolving industry. 
• The cannabis industry and Biotrack experience are a plus. 
• In-depth knowledge of supply chain management and procurement processes. 
• Strong negotiation skills and the ability to develop cost-saving strategies. 
• Capability to efficiently analyze data and provide insights for process improvement. 
• Excellent organizational skills and the ability to prioritize and handle multiple tasks simultaneously. 
• Must adhere to all laws, regulations, and policies associated with the industry. 

How To Apply:

Send your CV at hiring@buyingsimplified.com